Horizon Gold Ltd. Stock Analysis HRN.AX

Horizon Gold Ltd. engages in the provision of mining and exploration business. The firm is focused on its exploration and development activities at the Gum Creek Gold Project located in the Mid-West Region of Western Australia. The Gum Creek Gold Project covers approximately 663 square kilometers and hosts a gold resource of 44.45 million tons. The project is located approximately 640km north-east of Perth, and 90km from the nearest town of Sandstone, within a gold region that hosts deposits including Big Bell, Wiluna, Mt Magnet, Meekatharra and Agnew/Lawlers. Its exploration includes Swan and Swift Mineralized Trends, Kingfisher deposit, Wilsons gold deposit, Howards deposit, Omega North, Omega South and Psi deposits, Heron South deposit, Specimen Well gold deposit, and Altair Copper-Zinc Prospects. The Swan Mineral Resource is located in the main historic mining area approximately 700 meters (m) from the historic Gidgee mill.