- Horseshoe Metals (HOR) completes a phase one auger drilling program from its Horseshoe Lights Project in the Bryah Basin in WA
- Over July and August, 277 holes totalling 1195.4 meters were completed by the company, with results averaging 0.59 grams per tonne (g/t) gold from remnant material inside the vats
- The company says these targets are now under investigation for early development opportunities at the mine site, which may include offsite processing of gold bearing materials
- Horseshoe Metals last traded at 1.2 cents at 1:25 pm AEST
Horseshoe Metals (HOR) has completed its phase one auger drilling program from its Horseshoe Lights Project in WA.
The project is located north of Meekatharra in the Bryah Basin of Western Australia. The Horseshoe Lights Project includes an open pit of the copper-gold mine which operated until 1994, producing over 300,000 ounces of gold and 54,000 tonnes of contained copper, along with over 110,000 tonnes of direct shipping ore.
277 holes totalling 1195.4 meters were completed by the company during phase one drilling, that took place over July and August.
The phase one program was designed to assess various surface stockpile materials that remain from historic episodes of gold and copper mining activities. The targets tested included gold bearing vat leach materials, as well as the walls of the vats, gold tailings and copper floatation tailings.
Results averaged 0.59 grams per tonne (g/t) gold from remnant material inside the vats.
The company says these targets are now under investigation for early development opportunities at the mine site, which may include offsite processing of gold bearing materials.
Horseshoe Metals last traded at 1.2 cents at 1:25 pm AEST.