Increased Zinc-Copper Intercept At Altair

Highlights

• Zinc-Copper Intercept at Altair increases by 28% - Final assay results for drill hole ALDD002 at the Altair base metal prospect have been received and has resulted in an increase in the down hole width of the recently reported intercept. Final results include
  • 55.0m@3.32% Zn and 0.52% Cu from 184.0m
    • including 9.0m @ 6.69% Zn and 1.00% Cu from 213.0m
• Most significant base metal intercept achieved at Altair - The ALDD002 intercept is the most significant zinc drill intercept achieved at Altair and has many of the hallmarks of a polymetallic, hydrothermal VHMS/SEDEX mineralising event, being also anomalous in gold, silver, lead, cobalt, tin and other minor metals.
• Mineralisation open in all directions - The position of the intercept in ALDD002 is well below the depth of all historical drilling at Altair and mineralisation is open in all directions. 
• New drill campaign to commence in early November - A program of drilling to assist in establishing the orientation and extent of the mineralisation will commence in early November.

 
Non-Executive Chairman, Peter Harold, said “the final assay results at Altair demonstrate the potential of this discovery. While still early days, there is a real opportunity to add a base metal element to the known gold prospectivity of the Gum Creek Project. The exploration team have quickly put together a drill program and DDH1 Drilling will be mobilising to site in late October so we can commence the drill program in the first week of November. This a very exciting development for Horizon given the potential strike length and the positive outlook for the zinc and copper prices”.    

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