HRZ 0.00% 4.0¢ horizon minerals limited

Ann: Boorara Drill Results Continue To Exceed Expectations, page-6

  1. 1,223 Posts.
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    It is interesting that the last RC drilling 18,000m only drilled to ~50m depth, but closer spacing.

    Previously RC drilling had spacing about 40m and depth 200m+. And had results that indicated that mineralisation had a depth of 200m and open. I I think the moment the strike length is 1200m however they did mention that strike length may have the potential to extend NE to 2000m.

    Drilling to 50m is cheaper, so it looks like the last set of RC drilling was for grade control, production & mine planning optimisation.

    The indicative resource i.e. 500K+ oz estimate was conducted several years ago since then I believe they have drilled tens of thousands RC drilling at Boorara and not incorporated those drilling results into a revised resource estimate. We wait for the March 2020 announcement.

    Last edited by ecker: 21/01/20
 
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