Horizon Gold (ASX:HRN) is planning to drill test priority regional exploration targets at its Gum Creek Gold Project, located 640 kilometres northeast of Perth.
The project is located within a well-endowed gold region that hosts multi-million ounce deposits including Big Bell, Wiluna, Mt Magnet, Meekatharra and Agnew/Lawlers.
The Gum Creek project covers about 724 square kilometres that have previously produced over one million ounces of gold.
The project currently hosts JORC 2012 resources of 17.3 million tonnes averaging 2.25 g/t gold containing 1.25 million ounces of gold.
Induced polarisation (IP) surveying along the Wilsons Shear by Panoramic Resources (ASX:PAN) in 2016 and Horizon in January 2017 has identified four priority chargeable IP anomalies.
A reverse circulation drilling program to test all four anomalies is scheduled to begin in the second half of March.
In addition to drill testing the IP anomalies, seven infill and extensional drill holes are planned for the Heron South prospect.
This first phase of the reverse circulation drill program will involve 15 drill holes for circa 3,200 metres.
Concurrent with these exploration activities, studies and associated metallurgical testwork to identify the optimal processing route for the Gum Creek refractory mineralisation is ongoing.
Horizon Gold started trading on the ASX in December 2016 after raising $15 million from an initial public offer at $0.40 per share.