Horizon Copper Unveils Impressive Drill Findings from Hugo

Horizon Copper Reveals High-Grade Drill Results from Hugo North Extension

Horizon Copper Corp. (TSXV: HCU) (OTCQX: HNCUF), widely regarded for its exceptional portfolio in copper mining, has recently announced significant highlights regarding drill results from the Hugo North Extension at the Oyu Tolgoi mine. The analytical data, provided by Entrée Resources Ltd., pertains to drilling activities conducted between 2022 and 2024.

The newly released drill results encompass both surface and underground analyses, continuing the narrative established by previous findings shared last year. The drilling involved six diamond drill holes, targeting key mineralization areas, particularly focusing on the Lift 2 block cave zone. These drilling efforts have yielded substantial copper and gold mineralization, extending vertically below the anticipated Lift 2 structure.

Erfan Kazemi, Horizon's President & CEO, expressed enthusiasm regarding these findings, stating, "The results from the Hugo North Extension have consistently showcased impressive copper grades, reinforcing the significant potential of this project. As Entrée's largest shareholder, we remain optimistic about the long-term cash flow this asset promises for Horizon and its investors."

Highlights of the Underground Drill Holes

The underground drill holes have provided remarkable insights into the mineralization within the region. Some of the standout results include:

• UGD871: 197 metres grading 1.07% copper and 0.38 grams per tonne (g/t) gold, with a notable section of 89 metres at 1.33% copper and 0.44 g/t gold.
• UGD873A: 279 metres of 1.12% copper and 0.16 g/t gold from 360 metres.
• UGD876: 169.3 metres exhibiting 2.72% copper and 0.82 g/t gold, including an impressive 112 metres at 3.33% copper and 0.81 g/t gold.

Surface Drill Hole Insights

• UGD189B: This hole recorded a remarkable 552 metres grading 2.30% copper and 1.45 g/t gold, with a segment of 260 metres achieving 3.29% copper and 2.08 g/t gold.

As of now, the operator, Rio Tinto Group, confirmed that the ramp-up of the Lift 1 underground mine is progressing as planned. The inclusion of the Lift 2 deposit significantly enhances the overall mining strategy on the JV Property, where development activities began in 2024. Expecting underground production to commence in 2027 marks an exciting chapter for Horizon Copper and its stakeholders.

For further details on the drill findings, parties interested can consult Entrée Resources directly.

Qualified Person Statement

Imola Götz, a qualified professional (M.Sc., P.Eng.), has overseen and approved the scientific and technical findings detailed in this announcement.

About Horizon Copper

Horizon Copper stands as a leading entity in the copper sector, managing a diverse portfolio that includes a 1.66% net profit interest from the renowned Antamina mine, a strategic 24% equity ownership in Entrée Resources, and a 30% stake in the Hod Maden project. The company is poised to expand its asset base, highlighting copper initiatives that will propel future growth.

Frequently Asked Questions

1. What are the latest results from Horizon Copper’s drilling?

The latest drill results highlight significant copper and gold mineralization at the Hugo North Extension.

2. What is the significance of the Hugo North Extension?

The Hugo North Extension offers substantial potential for long-term cash flow and investor value for Horizon Copper.

3. Who oversees the technical information for Horizon Copper?

Imola Götz has been designated as the Qualified Person responsible for the scientific details in the release.

4. What projects does Horizon Copper have in its portfolio?

Horizon Copper holds interests in the Antamina mine, the Oyu Tolgoi project, and the Hod Maden copper-gold project.

5. When is the expected production timeline for the JV Property?

Underground production at the JV Property is anticipated to begin in 2027.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

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