Posted in | News | Gold

Horizonte Minerals Commences Diamond Drilling at Falcao Gold Project

Horizonte Minerals has started a 3,000 m diamond drilling program at its Falcao gold project in the Carajas mining district, Brazil. This project is a joint venture (JV) with AngloGoldAshanti, wherein the operator is Horizonte.

The Falcao Project is located in the Para state’s southern part roughly 300 km south of Carajas and 100 km south of Araguaia lateritic nickel project of Horizonte. The infrastructure of the region is excellent and the target has excellent access to drill locations. Previously, Brazilian Mines Department granted an extension to the exploration licences, occupying 300 km2 area.

The location of the project is over a structurally complex pane at the east side of the Serra da Inaja Greenstone Belt. Horizonte has performed a radiometric and an aeromagnetic survey, soil sampling and geologic mapping and has started the 3,000 m drilling program in 2010 October. This program has confirmed the presence of an anomalous zone of 300 m to 600 m wide and resulted 13.5 g/t gold.

The goal of the present drilling project is to examine the gold soil anomaly that is presently 4 km long and differ in breadth from 200 m to more than 800 m at values of +50 ppb gold. Ten drill holes between a depth of 200 m and 300 m have a space of more than 4,700 m strike level to analyze the gold soil anomaly and its east expansion. In view of lack of outcrop across a large portion of the anomaly and the lateritised land, the analysis of multi-element soil geochemistry and comprehensive aerogeophysics play an essential role in drill hole positioning.

The Chairman of Horizonte, David Hall stated that this drilling program makes a significant milestone for Falcao because it will offer the initial signs of the control and style on the mineralization. The program will examine for mineralization at different sites along the 4,700 m strike, enabling an assessment and prioritization of regions for follow up drilling to prove project’s economic prospectivity.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Horizonte Minerals Plc. (2019, February 18). Horizonte Minerals Commences Diamond Drilling at Falcao Gold Project. AZoMining. Retrieved on November 11, 2024 from https://www.azomining.com/News.aspx?newsID=4415.

  • MLA

    Horizonte Minerals Plc. "Horizonte Minerals Commences Diamond Drilling at Falcao Gold Project". AZoMining. 11 November 2024. <https://www.azomining.com/News.aspx?newsID=4415>.

  • Chicago

    Horizonte Minerals Plc. "Horizonte Minerals Commences Diamond Drilling at Falcao Gold Project". AZoMining. https://www.azomining.com/News.aspx?newsID=4415. (accessed November 11, 2024).

  • Harvard

    Horizonte Minerals Plc. 2019. Horizonte Minerals Commences Diamond Drilling at Falcao Gold Project. AZoMining, viewed 11 November 2024, https://www.azomining.com/News.aspx?newsID=4415.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.