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Horizon Gold Ltd ( (AU:HRN) ) just unveiled an announcement.
Horizon Gold Limited has announced a significant update to its Mineral Resource Estimate (MRE) for the Gum Creek Gold Project, reflecting an 8% increase in total gold ounces and a 26% rise in gold grade compared to the May 2023 estimate. This update follows extensive drilling activities and highlights the project’s potential for further resource growth, particularly with additional exploration planned along underexplored areas. The increase in resource is attributed to recent shallow drilling and adjustments in resource modeling, which have improved the average grade and underscored the potential for future underground mining. The company remains optimistic about further expanding its gold resources through ongoing and planned drilling initiatives.
More about Horizon Gold Ltd
Horizon Gold Limited is a company operating in the mining industry, focusing on gold exploration and development. Its primary project is the Gum Creek Gold Project, located in the Murchison Region of Western Australia. The company is dedicated to expanding its gold resource base through strategic drilling and exploration activities.
Average Trading Volume: 87,508
Technical Sentiment Signal: Buy
Current Market Cap: A$122.1M
For an in-depth examination of HRN stock, go to TipRanks’ Overview page.