Horizon Gold Reports Strong Gold Intercepts at Gum Creek

Horizon Gold Delivers Promising New Gold Intercepts at Gum Creek Project

Horizon Gold Limited (ASX:HRN) has announced impressive shallow gold intercepts from its 100% owned Gum Creek Gold Project, with standout results including 11m @ 3.18g/t Au from just 84m depth at the Goldfinch Prospect. The comprehensive RC drilling programme across four prospects demonstrates the project's potential for expanding its already substantial 2.30 million ounce gold resource.

The latest results come from 55 RC holes totalling 4,352m across the Goldfinch, Robin, Thornbill West and Toucan prospects, all within 2.8 kilometres of the old Gidgee Mill. This proximity to existing processing infrastructure adds significant value to any potential mineral resource expansions as Horizon Gold delivers promising drill results at Gum Creek.

Goldfinch Prospect Shines with Multiple High-Grade Zones

The Goldfinch Prospect delivered the most impressive results from the programme, with 31 RC holes for 2,415m confirming previously identified shallow gold mineralisation. Furthermore, the mineralisation strikes north-northwest and dips moderately to the southwest, presenting an attractive target for resource expansion.

Key Goldfinch intercepts include:

• 11m @ 3.18g/t Au from 84m including 5m @ 6.41g/t Au from 85m
• 7m @ 3.63g/t Au from 35m including 1m @ 22.4g/t Au from 36m
• 11m @ 2.21g/t Au from 70m including 4m @ 4.52g/t Au from 72m
• 15m @ 1.55g/t Au from 24m including 6m @ 2.10g/t Au from 28m

"The recent RC drilling results from the Goldfinch deposit have highlighted the potential to find additional shallow free milling gold resources close to the old and proposed new processing sites," said Managing Director Leigh Ryan.

Understanding Grade x Metres: A Key Mining Metric

For investors new to mining terminology, "grade x metres" (GxM) is a crucial concept that helps evaluate the economic potential of gold intercepts. This metric multiplies the grade (gold content per tonne) by the width of mineralisation to provide a measure of the total gold content over a given interval.

For instance, Goldfinch's standout result of 11m @ 3.18g/t Au equals 35.0 GxM – a substantial intercept that suggests meaningful gold content. Higher GxM values generally indicate more economically attractive mineralisation, as they represent either high-grade zones or wide zones of mineralisation (or both).

This metric helps investors compare different drill results and understand why certain intercepts are more significant than others for potential mining operations. When Horizon Gold delivers promising drill results at Gum Creek like these, the GxM calculation provides context for their economic significance.

Deep Diamond Drilling Targets High-Grade Extensions

Beyond the RC programme, Horizon is pursuing an ambitious diamond drilling campaign at the Kingfisher and Omega prospects, targeting extensions of previously reported exceptional high-grade intercepts. Four holes at Kingfisher have been completed to date for 2,214m, testing beneath impressive historical results.

The historical results that provide the foundation for this deep drilling programme include:

• 15m @ 28.5g/t Au from 346m at Kingfisher
• 10m @ 8.9g/t Au from 190m at Kingfisher
• 30m @ 21.1g/t Au from 57m at Omega
• 13m @ 10.8g/t Au from 122m at Omega

Ryan noted that "core logging, cutting and sampling well underway and initial results expected in the coming weeks." These results could significantly enhance the project's resource base if successful extensions are confirmed.

How Are Feasibility Studies Progressing?

The Gum Creek Feasibility Study remains on track for completion in H1 CY 2026, with multiple work streams progressing simultaneously. However, the methodical approach demonstrates Horizon's commitment to comprehensive project development.

Key completed elements include:

• Metallurgical, geotechnical, and processing reports received
• Environmental and Heritage surveys completed
• Surface water infrastructure designs finalised
• Pit and waste rock dump designs completed
• Mine infrastructure designs completed

This comprehensive approach demonstrates Horizon's methodical progression toward potential production. In addition, all major technical and environmental aspects are being addressed in parallel.

Investment Thesis: Strategic Positioning in WA Goldfields

Horizon Gold's Gum Creek Project offers several compelling investment attributes that set it apart in the crowded gold exploration space. Moreover, these characteristics position the company advantageously for potential development.

Established Resource Base

With 37.97Mt @ 1.89g/t Au for 2.30 million ounces, including 71% in the higher-confidence Indicated category, Gum Creek provides a substantial foundation for potential development. This resource confidence level significantly de-risks any future mining operation.

Existing Infrastructure Benefits

The proximity to the old Gidgee Mill and surrounding gold processing facilities reduces potential development costs and timeline risks compared to greenfields projects. Furthermore, this infrastructure advantage could translate into faster development timelines and reduced capital requirements.

Shallow, High-Grade Potential

The latest results demonstrate continued potential for near-surface gold discoveries, which could enhance project economics through lower mining costs and faster payback periods. Consequently, these shallow intercepts represent particularly attractive mining targets.

Systematic Development Approach

The parallel advancement of feasibility work, resource expansion drilling, and deep exploration demonstrates disciplined project development focused on de-risking the asset. Additionally, this methodical approach provides multiple potential catalysts for value creation.

Why Should Investors Follow Horizon Gold?

Horizon Gold has positioned itself as a company with the technical expertise and financial discipline to advance a significant gold project through the development pipeline. The combination of an established multi-million ounce resource, ongoing successful exploration, and systematic feasibility work creates multiple potential catalysts for value creation.

As Horizon Gold delivers promising drill results at Gum Creek, the company reinforces the project's exploration upside whilst advancing feasibility studies toward production decisions. With upcoming deep drilling results from Kingfisher and Omega, plus the planned completion of feasibility work in H1 2026, investors have clear milestones to track the company's progress.

The successful expansion of shallow gold resources, coupled with the testing of high-grade deep targets, positions Horizon Gold as a company worth monitoring for investors seeking exposure to advanced-stage Australian gold projects with clear development pathways. Each time Horizon Gold delivers promising drill results at Gum Creek, it builds upon an already impressive foundation of geological understanding and resource confidence.

"Horizon Gold combines an established 2.30 million ounce resource with demonstrated exploration success and systematic development progress. With multiple upcoming catalysts including deep drilling results and feasibility completion, the company offers leveraged exposure to gold price appreciation whilst building toward potential production."

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