- Horseshoe Metals (HOR) begins reverse circulation (RC) drilling at its Horseshoe Lights Copper-Gold Project in Western Australia
- Work follows the phase one RC drilling program completed last year that focused on the north end of the Motters Zone and intersected up to 1.87 per cent copper
- This upcoming RC drilling will infill the northern end of the zone and the southern extension where previous drilling intersected significant copper mineralisation
- Once drilling wraps up at Motters, the RC drill rig will move to the NW Sulphide stockpile and the Southern Dumps/Stockpiles where 43 and 90 holes, respectively, will be drilled
- Shares in Horseshoe are steady on the market and are trading at 4.4 cents
Horseshoe Metals (HOR) has begun reverse circulation (RC) drilling at its Horseshoe Lights Copper-Gold Project in Western Australia.
The drilling contractors have arrived on site and have begun drilling following initial delays due to rainfall.
Work follows the phase one RC drilling program completed last year that focused on the northern end of the Motters Zone and returned a result of 22 metres at 1.87 per cent copper from 12 metres.
The Motters Zone is interpreted to be the north-northwest/south-southeast striking sheared eastern extension of a volcanogenic massive sulphide (VMS) horizon.
This next round of RC drilling will infill the northern end of the zone as well as the southern extension where historic drilling reportedly intersected significant copper mineralisation in the eastern wall of the open pit.
Drilling is also planned at the northern extension of north-plunging mineralisation which the company said was inadequately tested by historical drilling.
Once drilling wraps up at Motters, the RC drill rig will move to the NW Sulphide stockpile and the Southern Dumps/Stockpiles where 43 and 90 holes, respectively, will be drilled.
Shares in Horseshoe were steady on the market and were trading at 4.4 cents at 2:08 pm AEST.