Australia's Horizon Gold hits record high on gold find at flagship project

Horizon Gold

14/12/2020 02:44

** Shares of Horizon Gold Ltd  HRN.AX  rise as much as 30.7%
to a record high of A$0.575
    ** The gold explorer says high-grade gold intercepts were
returned from drilling at the Swift and Swan North deposits of
its flagship Gum Creek gold project in Western Australia
 urn:newsml:reuters.com:*:nASX24sK7F
    ** Adds drilling also indicated shallow mineralisation at
the Swan North pit and a number of high-priority targets have
been identified to be drill tested in 2021
    ** Stock posts its biggest intraday percentage gain since
Feb. 18
    ** About 235,126 shares change hands, about seven times the
30-day avg volume of 33,188
    ** Stock has more than doubled in value this year, as of
last close

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))