Panoramic Resources Ltd (ASX:PAN) has agreed to extend its management agreement with Horizon Gold Ltd (ASX:HRN) on the same terms for a further six months, from December 21, 2019, until June 20, 2020.
Under the agreement, Panoramic is responsible and accountable for the day to day running of Horizon and provides technical, commercial, managerial and administrative expertise and services in connection with the Gum Creek Gold Project and other assets that Horizon may, from time to time, specify.
Gum Creek Gold Project
The Gum Creek Gold Project in WA has historically produced over one million ounces of gold and hosts a JORC 2012 resources of 15.9 million tonnes averaging 2.7 g/t gold for 1.39 million ounces of gold.
Horizon has completed a technical and commercial evaluation (scoping study) of mining the Swan North and Swift deposits and treating the in-pit resources at a third-party processing facility.
The scoping study considered in detail the timing and cost associated with permitting, site establishment, mining, material haulage, procesRead More – Source
