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Horizon banks $37.5M from Kalgoorlie gold sales
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The West Australian
At Boorara, 15 kilometres east of Kalgoorlie-Boulder, mining wrapped up this quarter with 208,000 tonnes extracted at 1.14 grams per tonne (g/t) gold.
Using Norton Gold Fields’ Paddington mill, the company treated 120,000 tonnes grading 1.09g/t gold for 3873 ounces of contained metal.
In parallel, a pre-feasibility study is underway to boost plant capacity from 1.5 million tonnes to 2.2 million tonnes a year, a crucial step toward establishing a wholly owned processing base.
Standout intercepts included 1m hit running a staggering at 1762 g/t gold from 259m, incorporating 0.3m at 5848 g/t gold in one diamond drilling hole where coarse visible gold appeared in quartz veins.
Additional strong zones featured 1.55 metres at 99.65 g/t gold from 336.3 metres, including 0.4 metres at 350 g/t gold, together with multiple intervals above 30 g/t gold at various depths.