ASX: HRZ
ASX ANNOUNCEMENT 4 October 2022
NICKEL SULPHIDE MINERALISATION CONFIRMED AT BLAIR NORTH AND EUSTON PROSPECTS •
Final single metre assays received from two nickel prospects within the Greater Boorara Cannon project area, 30km southeast of Kalgoorlie in Western Australia
•
At the Euston prospect, 2 RC holes drilled to the southeast for 510m returned encouraging assays including:
•
o
2m @ 2.21% Ni, 765ppm Cu, 324 ppm Co and 0.76g/t Pt-Pd from 161m (CARC22008) 1
o
4m @ 0.64% Ni and 321ppm Cu from 180m (CARC22006) 2
At the Blair North prospect, 900m northeast of Euston, 1 RC drillhole for 222m drilled to the southeast also confirmed the initial composite assay with an improved grade result of: o
2m @ 2.68% Ni, 0.9% Cu, 440 ppm Co and 0.71g/t Pt-Pd from 176m (CARC22009) 1
•
At Golden Ridge, three downhole electromagnetic (DHEM) surveys were completed within prospective ultramafics and sediments. The results were encouraging with three off hole conductors and a maximum conductance of 4000S observed
•
Southern Geoscience has recommended several follow up drill holes to test all modelled conductor plates along a 1.2km magnetic high with drilling planned as part of the FY2023 exploration program
•
At Yarmany, three wide spaced deep RC holes for 750m were drilled under the prospective nickel laterites highlighted by the air core drilling from 20213. A fertile komatiite unit was discovered, with further analysis and follow up drill planning underway
•
In addition, first pass auger sampling comprising 972 shallow holes has been completed across Yarmany with all samples submitted to LabWest for multielement ultrafine analysis
•
Further results are expected in the current December Quarter 2022
Commenting on the nickel exploration success, Horizon Managing Director Mr Jon Price said: “It’s very encouraging to see confirmation of nickel sulphide mineralisation at Blair North and Euston and we look forward to further drilling success in this highly prospective area. The results from the downhole EM survey and geoscientific analysis at Golden Ridge has also demonstrated the potential of the area to host significant new nickel sulphide mineralisation.” “The Company’s grassroots exploration program is continuing to deliver quality results in gold, nickel and rare earths as we test high priority targets across the core Greater Boorara - Cannon, Lakewood, Yarmany and Binduli project areas with further results expected in the current December Quarter.” 1
See Tables and Competent Persons Statement on Page 8 and JORC Tables on Page 12.2 Preliminary 4m composite result. 3 See ASX release 15 February 2022. 5 See Table 1 on Page 8, Competent Persons Statement on page 8 and JORC Tables on Page 12. 6 See Forward Looking and Cautionary Statements on Page 11.
163 Stirling Hwy Nedlands WA 6009
PO Box 1104 Nedlands WA 6909
T: +61 8 9386 9534 E: info@horizonminerals.com.au
horizonminerals.com.au ACN 007 761 186 ABN 88 007 761 186