HRZ horizon minerals limited

CNJ/Mt Thirsty-cheap acquisition opportunity or leave it to GAL?, page-6

  1. 4,779 Posts.
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    Interestingly Yandal Investments (Mark Creasy) still holding Horizon having been a cornerstone investor of Barra Resources (Greenstone Resources) due to Mt Thirstiy cobalt/nickel/manganese. Galeleo Mining hold about 35% of the Mt Thirsty deposit and the rest of the deposit is held as a JV between Conico and Horizon (through Greenstone). Yandal and Australian Gold Company Pty Ltd both owned by Mark Creasy are the substantial shareholder of Galeleo Mining.

    Galeleo are continuing on with drilling at Mt Thirsty primarily looking for further PGE deposits and have also been granted federal governments Exploration Incentive Scheme funding.

    As @gweston points out drilling for PGE's on our JV ground may not have been deep enough.

    I think I would keep Mt Thirsty in Grants bottom drawer for now.

    https://hotcopper.com.au/data/attachments/6975/6975453-2bebb23baebf3fb3ceab28fd7f21c10a.jpg


    https://hotcopper.com.au/data/attachments/6975/6975434-29fa213e0d36066614c50205061a7e4a.jpg



    https://hotcopper.com.au/data/attachments/6975/6975448-16134edb1c44fb27060777a7abf80d4d.jpg
 
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