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4 stories mentioning ASX:HRNUpdated 1h ago

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Asia

Horizon Gold Says Western Australia Project Reverse Circulation Drilling Returns 'Significant' Gold Intercepts; Shares Up 3%

Horizon Gold (ASX:HRN) said reverse circulation drilling at its Gum Creek gold project in Western Australia returned "significant" gold intercepts, according to a Tuesday Australian bourse filing.Reverse circulation drilling at the Howards prospect confirmed an 800-meter southern extension to known gold mineralization, including an intercept of 6 meters at 5.57 grams per tonne (g/t) grade of gold from 70 meters, the company said. It also encountered intercepts of 6 meters at 12.67 g/t grade of gold from 114 meters from Heron South and 21 meters at 2.14 g/t grade of gold from 24 meters at Melbourne Bitter.The gold exploration company's shares rose nearly 3% in recent trading on Tuesday.

ASX:HRN
Asia

Horizon Gold Identifies High-Grade Gold Mineralization at Three Deposits in Western Australia Project, Shares Up 3%

Horizon Gold (ASX:HRN) identified high-grade gold mineralization during recent drilling at its Gum Creek gold project's Kingfisher, Hawk and Swan deposits in Western Australia, according to a Monday Australian bourse filing.The results were up to 23 meters at 5.26 grams per tonne gold from 188 meters, including 15 meters at 7.65 grams per tonne gold.Follow-up reverse circulation and diamond drilling is being planned at all three prospects, with diamond and reverse circulation drilling continuing across the Gum Creek project area, the filing added.The company's shares rose 3% in recent Monday trade.

ASX:HRN
Asia

Horizon Gold Reports Pre-Tax NPV of AU$1.31 Billion for Western Australia Gold Project in DFS

Horizon Gold (ASX:HRN) said its definitive feasibility study (DFS) for its Gum Creek gold project in Western Australia has returned a pre-tax net present value of AU$1.31 billion at a 5% discount rate and an internal rate of return of 53.1%, according to a Wednesday Australian bourse filing.The internal rate of return is based on a gold price of AU$5,500 per ounce, with a payback of 23 months from first production.The company said the project targets average annual gold production of 98,000 ounces over the first five years and 880,000 ounces over a 10-year mine life, with first gold scheduled for the second half of 2028.Pre-production capital cost is AU$350 million, including mine development, process plant and associated infrastructure, with pre-tax free cash flow of AU$1.85 billion and an all-in sustaining cost of AU$2,995 per ounce, the filing added.The approvals process is on track for a final investment decision in the second quarter of 2027, it added.

ASX:HRN
Asia

Horizon Gold Encounters Consistent High-Grade Intercepts at Western Australia Gold Project

Horizon Gold (ASX:HRN) said reverse circulation drilling at its Gum Creek gold project's Swift, Eagle, Goldfinch, and Shrike South deposits in Western Australia encountered consistent high-grade gold intercepts, according to a Monday Australian bourse filing.The results yielded up to six meters at 5.13 grams per tonne gold from 95 meters, including two meters at 14.7 grams per tonne gold from 98 meters.

ASX:HRN

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