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Horizon Minerals Ltd ( (AU:HRZ) ) has issued an update.
Horizon Minerals has reported further strong results from Phase 1 diamond drilling at its Burbanks gold project, with 75% of the 15,000m program now completed and recent assays confirming multiple high-grade gold intercepts, including 2.00m at 235.7g/t gold. The latest results, which follow previously reported ultra high-grade hits, reinforce the continuity and extension of mineralisation between key resource areas, support mine-feed planning for the Black Swan processing hub through newly completed metallurgical holes, and strengthen confidence in Burbanks as a significant high-grade source of ore as drilling resumes to complete the Phase 1 program.
The most recent analyst rating on (AU:HRZ) stock is a Sell with a A$1.00 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
More about Horizon Minerals Ltd
Horizon Minerals Ltd is an Australian gold company focused on exploring and developing high-grade gold projects in the Western Australian Goldfields. Its flagship assets include the 100%-owned Burbanks gold project, located near Coolgardie, and the Black Swan processing hub, which is intended to treat ore from Horizon’s regional mine developments.
Average Trading Volume: 997,374
Technical Sentiment Signal: Buy
Current Market Cap: A$263M
For an in-depth examination of HRZ stock, go to TipRanks’ Overview page.