Horizon Gold Limited announced details of RC and diamond drilling planned for the Altair and Mensa prospect areas within its 100% owned Gum Creek Gold Project, located in the Mid-West Region of Western Australia. The host rock and electrical conductors at Altair and Mensa cover more than five kilometres of strike. The proposed drilling is focused on the most prospective zones that contain coincident anomalous surface geochemistry, strong electrical conductors and elevated magnetics.

The resulting targets are very compelling and have the ability to confirm the potential for a district-scale VMS camp. Previous diamond drilling by Horizon at the Altair Prospect defined a broad continuous lens of polymetallic (zinc-copper-silver+/-gold) mineralisation with a strike of more than 450 metres, down dip extent of 350m and average thickness of 25m. The average density (SG) of all assay intercepts within the lens was estimated at 3.1 tonnes per cubic metre 1. Mineralisation remains open down plunge to the east and at shallow depths along strike to the north.

Significant Zn-Cu-Ag intercepts returned from Horizon's diamond drilling campaign included 2: 55.0m @ 3.32% Zn, 0.52% Cu, 9.4g/t Ag from 184.0m incl. 9.0m @ 6.69% Zn, 1.00% Cu, 17.0g/t Ag from 213.0m (ALDD002) 44.4m @ 2.93% Zn, 0.49% Cu, 8.3g/t Ag from 274.2m incl. 2.0m @ 7.05% Zn, 0.92% Cu, 16.8g/t Ag from 306.0 (ALDD012) 78.0m @ 1.90% Zn, 0.32% Cu, 5.4g/t Ag from 288.0 incl.

14.0m @ 2.34% Zn, 0.51% Cu, 7.4g/t Ag from 342.0 (ALDD014) 62.6m @ 2.45% Zn, 0.42% Cu, 7.0g/t Ag from 262.0m incl. 19.0m @ 3.09% Zn, 0.53% Cu, 9.2g/t Ag from 297.0m (ALDD019). The zinc-copper-silver mineralisation defined at Altair is coincident with anomalous multi-element surface geochemistry, magnetic highs visible in regional aeromagnetic surveys, and electromagnetic conductivity highs defined in both helicopter-borne Transient Electromagnetic (TEM) and ground moving loop electromagnetic (MLEM) surveys.

The Altair mineralisation is located at the base of a black shale sequence and occurs as fine to very fine grained red/brown sphalerite associated with semi-massive magnetic pyrrhotite in folded sub- millimetre stratiform layers interpreted to reflect original bedding plane deposition. Additionally, drilling by Pancontinental Gold Pty Ltd. and Goldfields Exploration Pty Ltd. in the 1990's intersected broad zones of shallow supergene copper mineralisation at the Altair Prospect including 4: 44m @ 1.2% Cu from 56m (ALAC005) 24m @ 1.0% Cu from 64m (ALRC007) 20m @ 1.1% Cu from 52m (ALRC002).