Horizon Minerals (ASX:HRZ) has reported further high-grade drilling success at its 100% owned Burbanks Gold Project, located near Coolgardie in Western Australia.
The company has completed approximately 75% of its 15,000-meter Phase 1 diamond drilling program, with the latest assays confirming exceptional gold tenors.
The standout result from the recent batch was a hit of 2.00m @ 235.70g/t Au from 248.31m, which included a higher-grade interval of 1.16m @ 396.62g/t Au.
This intercept featured visible gold within a breccia zone and was located near a previously reported "spectacular" hit of 5,848g/t Au.
These results reinforce the continuity of mineralisation between the Main Lode and Burbanks North deposits.
Managing Director Grant Haywood stated that these intercepts support the company's strategy to increase high-grade feed for its Black Swan processing plant.
In addition to resource infill drilling, Horizon has completed two metallurgical holes to assist with mine planning.
The company expects to receive all remaining Phase 1 assays by March, leading to an updated mineral resource estimate in the June quarter.
A 15,000-meter Phase 2 program focused on resource expansion is slated to begin in the first half of 2026.
At the time of reporting, Horizon Minerals’ share price was $1.48.