Horizon Copper Unveils High-Grade Drill Results at Hugo North Extension
Horizon Copper Corp. (TSXV: HCU) (OTCQX: HNCUF) is thrilled to share the recent analytical results of drilling activities at the Hugo North Extension (HNE), situated at the Oyu Tolgoi mine in Mongolia. This project partnership with Entrée Resources Ltd. has yielded exceptional results, reaffirming the site's potential for significant copper and gold extraction.
Recent Drilling Successes
The latest reports detail substantial findings from drilling performed between 2022 and 2024. The results encompass one surface diamond drill hole and five underground diamond drill holes, conducted from both existing infrastructure and newly designated properties. Each of these six drill holes notably targeted areas within or adjacent to the anticipated Lift 2 block cave, yielding continuous mineralization up to 200 meters below targeted zones. The impressive grades and extensive copper presence seen in these results only underscore the project's viability and promising future.
Erfan Kazemi, President and CEO of Horizon Copper, has emphasized the significance of these revelations. "The drilling results at the Hugo North Extension are among the most remarkable in global copper exploration. Our ongoing analyses consistently highlight the area's incredible potential, providing compelling evidence for sustained cash flows as we push forward with development plans."
Highlights from the Recent Drill Results
Among the most noteworthy findings from the six drill holes are:
- - UGD871: 197 meters with a grade of 1.07% copper and 0.38 g/t gold, including a subsection of 89 meters at 1.33% copper and 0.44 g/t gold.
- - UGD873A: 279 meters showcasing a grade of 1.12% copper and 0.16 g/t gold from 360 meters.
- - UGD876: 169.3 meters exhibiting a remarkable 2.72% copper and 0.82 g/t gold, with a segment of 112 meters recording 3.33% copper and 0.81 g/t gold.
- - UGD189B: The surface drill hole registered efficacy, revealing 552 meters with a grade of 2.30% copper and 1.45 g/t gold, including a concentrated segment of 260 meters at 3.29% copper and 2.08 g/t gold.
These findings encapsulate the burgeoning capabilities of the Hugo North Extension, propelling Horizon's stronghold within this competitive mining landscape.
Development Initiatives at Oyu Tolgoi
As of April 2025, the operator for Oyu Tolgoi, Rio Tinto Group, confirmed that the ramp-up of the Lift 1 underground mine is progressing as planned. Importantly, the HNE deposit is strategically placed within the northern section of the first panel of this ongoing development. Underground activities for this panel commenced in October 2024, leading to nearly 152 meters of lateral development completed by April 30, 2025. Anticipated timeline projections suggest that production at the Joint Venture Property is slated for 2027.
In summation, Horizon Copper remains committed to exploring contemporary methods of maximizing mining output and profit potential. Their significant equity ownership of 24% in Entrée further solidifies their position in this lucrative venture, showcasing the project's solid foundations and their stakeholders' prospects for future gains.
Looking Forward
With a focus on optimizing their operations and expanding their portfolio in copper assets, Horizon Copper is poised for fruitful growth. The results from the Hugo North Extension serve not only as affirmation of their current strategies but also as a beacon for future investments in the expansive mining sector. Further information and detailed drill results can be accessed through Entrée Resources Ltd's official website.
Stay tuned for more updates as Horizon continues to reveal exciting developments in the mining industry. Given the promising trends indicated by the latest data released, Horizon’s shareholders can anticipate a durable and growth-oriented future ahead.