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An announcement from Horizon Gold Ltd ( (AU:HRN) ) is now available.
Horizon Gold Limited has made significant progress on the Gum Creek Feasibility Study, with the completion of 24 vertical water bores providing crucial data for groundwater and water balance models. The company has also initiated a partnership with VRIFY Technology Inc. to utilize AI-powered exploration tools, aiming to enhance the accuracy of identifying high-value drilling targets. These developments are expected to accelerate the growth of the existing gold resource and strengthen Horizon Gold’s position in the gold mining industry.
More about Horizon Gold Ltd
Horizon Gold Limited is focused on the exploration and development of the Gum Creek Gold Project, located in the Mid-West Region of Western Australia. The project has historically produced over 1 million ounces of gold and currently hosts a gold resource of 2.14 million ounces. The project covers 524 square kilometers of the prospective Gum Creek greenstone belt, which includes 37 open pit and three underground gold mines.
Average Trading Volume: 77,984
Technical Sentiment Signal: Buy
Current Market Cap: A$142.5M
See more data about HRN stock on TipRanks’ Stock Analysis page.