Horizon Minerals announces maiden resources for Monument and Golden Ridge North
Horizon Minerals Ltd (ASX:HRZ) CEO Grant Haywood speaks with Proactive soon after announcing new resource estimates for the companys Greater Boorara-Golden Ridge and Cannon projects. The Monument gold prospect is part of the Cannon project group and is less than 1 kilometre from the proposed Cannon underground project, 30 kilometres southeast of Kalgoorlie.
Meanwhile the Golden Ridge North prospect is immediately adjacent to the historic Golden Ridge open pit mine, 20 kilometres southeast of Kalgoorlie. Horizons total resource estimate now stands at 23.22 million tonnes grading 1.69 g/t gold for 1,262,000 ounces.
These projects provide Horizon with additional potential for satellite ore sources to complement the underground production at the Cannon gold project due to their proximity, enabling synergies with shared infrastructure and personnel. We shall immediately commence the study work to bring these maiden resources into an Ore Reserve and progress approvals in parallel, as we build our production profile to reach our ultimate goal of becoming an emerging mid-tier gold business for the benefit of all stakeholders, Haywood said.
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Horizon Minerals Ltd
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