- Horseshoe Metals (HOR) completes phase one reverse circulation (RC) drilling at its Horseshoe Lights Project in Western Australia
- A total of 15 holes were drilled to confirm and extend known resources and improve the confidence in the classification of the resource
- Horseshoe Metals also drilled 28 shallow RC holes at the neighbouring C20 Stockpile to establish the possibility of remnant copper-bearing material
- Results from both programs will be announced to the market as they become available
- Shares in Horseshoe Metals have been trading steady at 1.2 cents since January 2020
Horseshoe Metals (HOR) has completed phase one reverse circulation (RC) drilling at its Horseshoe Lights Project in Western Australia.
The Horseshoe Lights Project lies 800 kilometres north-northeast of Perth and consists of seven tenements that cover an area of roughly 33 square kilometres.
A total of 15 RC holes, for 1143 metres, were drilled to confirm and extend known resources and improve the confidence in the classification of the resource.
Drilling targeted a north-northwest to south-southeast striking shear which is interpreted as the eastern limb of a volcanogenic massive sulphide (VMS).
Of the 15 holes, 13 were designed to end in a post-mineralisation dolerite believed to measure a thickness of 110 metres.
Further drilling has been planned for next year to drill below the dolerite and explore extensions to the existing mineralisation.
These holes will provide the basis for downhole electromagnetic (DHEM) surveys below the dolerite.
Horseshoe Metals also drilled 28 shallow RC holes, for 204 metres, at the neighbouring C20 Stockpile.
The aim of this drilling was to establish the possibility of remnant copper-bearing material located within the stockpile.
Results from both programs will be announced to the market as they become available.
Shares in Horseshoe Metals have been trading steady at 1.2 cents since January 2020. The company has a $3.05 million market cap.