Horizon Minerals has reported further bonanza-grade gold intersections from drilling at its Burbanks gold project, south of Coolgardie in Western Australia. The latest assays confirm a standout intercept grading up to 396.6 grams per tonne (g/t) gold.
The result of 2 metres at 235.7g/t gold from 248 metres depth included a 1.16-metre section grading 396.6g/t gold within a breccia zone of coarse visible gold. This intercept is located close to the previously reported bonanza hit of 5,848g/t gold over 0.3 metres, announced in December.
The assays come from the company's phase one infill drilling program, which began in November as part of a two-stage 30,000-metre campaign. The program is now 75% complete, with all 2025 assays received and nine remaining holes to be finished after the Christmas break.
Two metallurgical holes have also been completed at Burbanks to support mine-feed planning for Horizon's Black Swan processing hub, with test work underway to determine gold recoveries. The company says the results highlight the deposit's high-grade potential and will underpin a resource upgrade targeted for the next quarter.
The remaining phase one assays are expected by the end of March, followed by a phase two extensional drilling campaign of 15,000 metres along-strike and down-dip of the current 466,000-ounce resource. The infill program aims to improve continuity between the Main Lode and Burbanks North resources.
Burbanks has a historic production of 324,000 ounces of vein gold at an average grade of 22.7g/t gold. The project currently hosts a JORC 2012 Mineral Resource of 6.1 million tonnes at 2.4g/t gold for 466,000 ounces. Horizon targets first gold from its Black Swan facility in late 2026 as part of its hub-and-spoke strategy in the Eastern Goldfields.
