Horizon Minerals Limited announced further excellent drilling results from the 100% owned Kestrel discovery, part of the Binduli gold project area, located 13km northwest of Kalgoorlie-Boulder in the heart of the Western Australian goldfields. The drilling forms part of the 50,000m CY21 program testing high priority project generation and new discovery targets across the 1,100km2 portfolio. The aim of the program is to organically grow the project pipeline within a 75km radius of the proposed Boorara mill adding to the six core development projects under evaluation as part of the consolidated Feasibility Study. The local geology at Kestrel is dominated by the Black Flag Group - a NNW trending sequence of intermediate and felsic volcanics, sedimentary rocks, and porphyry intrusives. The regional Janet Ivy Shear Zone cuts across the stratigraphy to the N-NW. Late-stage NE faults have created significant offsets. The gold mineralisation is typically found in cm scale quartz veins which can span from 1-15m width with minor pyrite and various amounts of silica-carbonate-sericite-chlorite alteration. The quartz vein structure appears to crosscut lithological boundaries and is more common in or adjacent to the initial RC drilling at Kestrel in 2020 comprised seven RC holes for 686m to a maximum depth of 120m. Encouraging widths of gold mineralisation and alteration were noted in KRC20003 (11m @ 0.44g/t Au from 44m) and KRC20004 (18m @ 0.67g/t Au from 37m). A small two hole "proof of concept" RC program for 240m was then completed in early 2021 with both KRC21001 and KRC21002 recording thick (15-20m) zones of low to high grade gold mineralisation. This was followed up by a 13-hole RC program for 1,400m that infilled around KRC21001 and KRC21002 section lines and extended the drilling at least 100m south of KRC210021. Sampling and re-assaying of KRC21002 recorded 18m @ 4.64g/t Au from 49m and 5m @ 5.22g/t Au from 94m. KRC21007 was drilled 30m to the east of KRC21002 and recorded 15m @ 4.66g/t Au from 84m including both 1m @ 21.69g/t Au from 84m and 1m @ 18.50g/t Au from 98m. Assaying of these holes suggested there was coarse gold present, and this was later confirmed by panning the RC samples. In response to the grade variability and high levels of coarse gold, the Company resubmitted the samples from KRC21002 and KRC21007 for screen fire analysis. This is an industry standard way of assaying nuggety gold. The results confirmed the coarse gold in KRC21007 and extended the mineralised interval another 8m to 23m @ 5.84 g/t Au from 84m with a maximum assay of 50.1g/t Au at 84-85m. The results from KRC21002 were in agreement with the screen fire assays but did not fully cover the mineralised interval. Further screen fire assaying is underway. Certified standards and field duplicates are being regularly used to monitor the assaying accuracy and precision. The recent drilling comprised 31 RC holes for 3,245m completing additional infill and step back drilling. Several holes were unable to reach target depth and failed to intersect the projected mineralisation. The concept model of drill testing down dip of weakly anomalous quartz veins found within the oxide depletion zone is now proving to be a highly successful targeting tool. At Kestrel, quartz veins at depth are now producing spectacular results as shown by: 4m @ 24.47g/t Au from 92m (KRC21044); 4m @ 9.71g/t Au from 88m (KRC21028); 5m @ 13.22g/t Au from 101m (KRC21020); 1m @ 18.18g/t Au from 96m and 1m @ 7.95g/t Au from 112m (KRC21019); 8m @ 4.80g/t Au from 64m including 1m @ 29.95g/t Au from 64m (KRC21022). Looking further south from the salt lake, historical drilling 350m south of Kestrel had also intersected minor amounts of anomalous gold in quartz from 30m depth. Six holes were drilled into this area, with high grade porphyry mineralisation discovered at depth in KRC21034 which also contained several narrow ore shoots (1-2m width) with an encouraging 1m @ 7.59 g/t Au from 100m depth. The mineralisation appears to be similar in style to the Coote-Crake mineralisation 7km south. Further drilling around this hole is warranted. Another 100m step out south of this drill line, returned anomalous quartz veining in KRC21038 with a maximum result of 1m @ 3.41 g/t Au from 49m. Collectively these six holes suggest there is strong potential to expand the Kestrel trend another 450m to at least 650m. Approximately 5,000m of the recently proposed 10,000m Kestrel - Honeyeater RC program has been completed with significant success and results from several holes pending. Testing Kestrel at depth, under the salt lake, and linking the southern and Kestrel prospects together remain a priority. Further drilling to the south, beyond the anticipated 650m strike length, is also planned with a view to testing over 1,400m of prospective Kestrel strike.