Horizon Minerals has bumped up its resource estimate for the company’s 100 per cent-owned Penny’s Find gold mine project by nearly 50 per cent to 63,000 ounces having sunk 8,085m of resource drilling into the project since the previous resource estimate in 2022. Located 50km north-east of Kalgoorlie, in the Eastern Goldfields of Western Australia, the latest underground resource estimate is based on a compilation of all drilling results below the 260m RL – or relative level - and a lower cut-off grade of 1.5g/t gold, yielding a total resource estimate of 429,000 tonnes at a grade of 4.57g/t gold for a total of 63,000 ounces…
