Horizon Minerals starts Boorara development with first gold expected in July

Horizon Minerals starts Boorara development with first gold expected in July

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Horizon Minerals Ltd (ASX:HRZ) has started stage-one mine development at Boorara Gold Mine just east of Kalgoorlie in Western Australia's Goldfields with first gold expected in July.

The start of work by local mining contractor Hampton Transport Services Pty Ltd follows approval by Horizon's board of the stage-one development.

Site establishment and mobilisation of mining fleet are complete with open cut mining underway at the Regal East open cut using conventional truck and shovel operations.*First ore this month*

First ore is expected this month and first ore delivery to the mill in June with the Regal West and Crown Jewel pits to be developed in parallel to enable optimal cycling of mining and drill and blast activities.

Horizon managing director Jon Price said: "The commencement of mining at Boorara is a significant milestone for the company enabling gold production and cash generation in 2020 at a time of record-high Australian dollar gold prices.

"We welcome our local mining partners Hamptons and the Lakewood processing team who have been extremely proactive in responding to the COVID-19 pandemic and ensuring strict safety and health guidelines are observed across the operation."

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