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- Horseshoe Metals (HOR) flags historical drill intercepts of up to 8.35 per cent copper at the Main Zone within its Horseshoe Lights copper-gold project in WA
- The company confirmed the mineralisation through a recently-completed review of historical reverse circulation and diamond drilling in the area
- Planning is currently in progress to test the northern strike extension of the Main Zone, with an RC drill rig on site and drilling set to begin shortly
- A review of historical drilling at North Dump is now underway, with results to be reported in November
- Horseshoe shares are down 4.17 per cent to trade at 2.3 cents each at 3:02 pm AEDT
Horseshoe Metals (HOR) has flagged historical drill intercepts of up to 8.35 per cent copper at the Main Zone within its Horseshoe Lights copper-gold project in WA.
The company confirmed the mineralisation through a recently-completed review of historical reverse circulation (RC) and diamond drilling in the area at a 0.3-per-cent copper cut-off.
Some of the best results from the review include 47 metres at 8.35 per cent copper from 37 metres from hole RC-846, which was drilled in 1993.
Other results include 44 metres at 3.98 per cent copper from 158 metres, 47 metres at 3.43 per cent copper from 39 metres, and 28 metres at 3.39 per cent copper from 72 metres.
Mineralisation remains open at depth, along-strike and down-plunge to the north.
“We continue to redefine the potential scale and grade of the Horseshoe Lights mineralised system with more high-grade zones of broad copper mineralisation confirmed,” Horseshoe Director and Chief Financial Officer Kate Stoney said.
“These latest results highlight broad zones of copper mineralisation at Main Zone, which are in addition to the significant widths recently confirmed at Motters.
“We are moving quickly to recommence drilling at the Main Zone to follow up the potential extensions to the ore body, and we look forward to providing further updates on exploration success in the near term.”
Planning is currently in progress to test the northern strike extension of the Main Zone, with an RC drill rig on site and drilling set to begin shortly.
A review of historical drilling at North Dump is now underway with results to be reported in November.
Horseshoe shares were down 4.17 per cent to trade at 2.3 cents each at 3:02 pm AEDT.
