Horizon Gold Lifts Gum Creek Resource and Advances Feasibility Study

The latest update is out from Horizon Gold Ltd ( (AU:HRN) ).

Horizon Gold has reported an upgraded mineral resource estimate at its Gum Creek Gold Project to 37.97 million tonnes at 1.89 grams per tonne for 2.30 million ounces of gold, representing notable increases in both contained ounces and grade compared with the previous estimate. The company highlighted a substantial rise in indicated resources, a large free-milling component, and the fact that all resources sit on granted mining leases that remain open along strike and at depth, underscoring potential for further growth. Recent reverse circulation and diamond drilling at the Goldfinch, Robin, Kingfisher and Omega prospects has returned significant shallow intercepts and is targeting down-plunge extensions of prior high-grade hits, with several assay results still pending. Horizon also confirmed that work on the Gum Creek feasibility study is advancing on schedule toward completion in the first half of 2026, marking a key step in de-risking and progressing the project toward potential development for stakeholders.

The most recent analyst rating on (AU:HRN) stock is a Hold with a A$0.91 price target. To see the full list of analyst forecasts on Horizon Gold Ltd stock, see the AU:HRN Stock Forecast page.

More about Horizon Gold Ltd

Horizon Gold Limited (ASX: HRN) is a gold exploration and development company focused on its 100%-owned Gum Creek Gold Project in the Mid-West region of Western Australia. The project spans 644km² over the Gum Creek greenstone belt, a historically productive gold district hosting numerous open-pit and underground mines, and currently contains a recently updated mineral resource of 2.30 million ounces of gold.

Average Trading Volume: 48,687

Technical Sentiment Signal: Buy

Current Market Cap: A$151M

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