Horizon Gold Unveils High-Grade Water Bore Hits and AI-Driven Exploration at Gum Creek
Horizon Gold advances its Gum Creek project with significant gold intercepts from water bore drilling and launches an AI-powered exploration platform, while maintaining its feasibility study timeline and securing $12 million in fresh capital.
- 24 water bores drilled with multiple high-grade gold intercepts
- AI exploration platform DORA initiated in partnership with VRIFY
- Feasibility study on track for completion in first half of 2026
- Resource expansion drilling completed near Gidgee Mill, results pending
- $12 million capital raised and $2 million loan repaid, cash at $8.23 million
Water Bore Drilling Reveals Strong Gold Mineralisation
Horizon Gold Limited has reported encouraging results from its recent water bore drilling program at the Gum Creek Gold Project in Western Australia's Mid-West region. The company completed 24 vertical water bores across seven prospects, including Howards, Swan-Swift-Shrike, Wedge, and Kingfisher. These bores, drilled primarily to support groundwater and water balance modelling for the ongoing feasibility study, unexpectedly yielded numerous significant gold intercepts. Highlights include a 39-meter intercept grading 4.58 grams per tonne gold at Howards Prospect and multiple other zones exceeding 3 grams per tonne, confirming continuity of mineralisation and enhancing resource confidence.
AI-Powered Exploration Platform Accelerates Targeting
In a strategic move to leverage technology, Horizon Gold has partnered with VRIFY Technology Inc. to deploy the DORA AI-Assisted Mineral Discovery Platform across the Gum Creek project. This platform integrates decades of geological, geochemical, and geophysical data to generate predictive 3D prospectivity maps, aiming to identify high-value drilling targets with greater speed and accuracy. The initial AI model is expected to be completed by the end of 2025, with field validation and ongoing refinement planned through 2026, potentially transforming Horizon's exploration efficiency.
Feasibility Study and Resource Expansion Progress
Work on the Gum Creek Feasibility Study remains on schedule for completion in the first half of 2026. Key milestones achieved include receipt of a draft processing report, completion of most environmental and heritage surveys, and advancement of mine design and water balance modelling. Concurrently, resource expansion reverse circulation drilling has been completed at several prospects near the historic Gidgee Mill, with assay results awaited. Additionally, deep diamond drilling has commenced targeting high-grade zones down plunge from previous exceptional intercepts at Kingfisher and Omega prospects, aiming to extend known mineralisation at depth.
Strong Financial Position Supports Development
Horizon Gold successfully raised $12 million in July through a combination of a private placement and a non-renounceable entitlement offer, priced at $0.48 per share. The capital will fund the completion of the feasibility study, further exploration drilling, debt repayment, and general working capital. Notably, the company repaid a $2 million short-term loan from its major shareholder during the quarter. As of 30 September 2025, Horizon holds $8.23 million in cash, providing a solid financial foundation to advance its development plans.
Outlook and Next Steps
With the feasibility study progressing well and the integration of AI technology poised to enhance exploration targeting, Horizon Gold is positioning Gum Creek for a potential resource upgrade and eventual development. The market will be watching closely for upcoming assay results from recent drilling campaigns and the initial outputs from the DORA platform. These developments could materially influence the project's valuation and investment appeal as Horizon moves toward unlocking further value from this historically productive gold belt.
Bottom Line?
Horizon Gold’s blend of robust drilling results and cutting-edge AI exploration sets the stage for a pivotal phase at Gum Creek in 2026.
Questions in the middle?
- How will the AI-driven DORA platform impact the accuracy and speed of future exploration at Gum Creek?
- What do the pending assay results from resource expansion drilling near Gidgee Mill reveal about the potential for resource growth?
- How might the feasibility study outcomes influence Horizon Gold’s development timeline and capital requirements?