Excellent Drilling Results Continue At Binduli Gold Project
16 June 2021
Dear All
Please see below the link to our latest announcement, results from the resource definition drilling and Coote and new discovery drilling at Honeyeater and Kestrel, all part of the Binduli Project area, 12km west of Kalgoorlie.
In total, 4,700m RC was completed to 200m depth testing a number of targets. Lab assay turnaround has slowed significantly resulting in delays getting assays returned.
At Coote, immediately adjacent to the 74koz Crake Resource, drilling has now extended the strike length to over 400m and confirmed previous drilling in the north enabling compilation of a maiden MRE due for completion in the Sept Quarter.
At the new Kestrel discovery, follow up drilling continued to intercept thick zones of quartz veining with 10m at 2.1g/t from 49m and 5m at 5g/t including 1m intercepts at double digit grade. Kestrel mineralisation remains open to the south and at depth with further drilling planned.
Follow up drilling at the Honeyeater prospect, 600m north of Kestrel, excellent hits including 4m @ 11.45g/t Au from 113m including 1m @ 32.4g/t Au from 115m and 4m @ 5.15g/t Au from 93m including 1m @ 13.54g/t Au from 93m demonstrate the potential for a significant additional resources in addition to the key satellite deposits 7km south at Crake and Coote.
Binduli is a core mine development area and we see great opportunity for growth with further drilling planned in 2021. An updated MRE for Crake and maiden MRE for Coote is expected in the Sept Qtr 2021 with Crake being advanced as a early open pit in the production profile being assessed as part of the consolidated Feasibility Study.
To view the announcement, visit our website at www.horizonminerals.com.au or click on the link below:
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