Horizon Gold (ASX:HRN) has increased its mineral resource estimate (MRE) at its Gum Creek gold project in Western Australia to 37.9 million tonnes (Mt) at 1.89 grams per tonne gold for 2.3 million ounces, compared to the May 2023 MRE, according to a Tuesday filing with the Australian bourse.
Total indicated resources at the project increased 21% and represent 71% of the total MRE, the filing said.
Shares of the company rose 1% in recent Tuesday trade.