The review indicated a significant number of broad copper intersections in the Motters Zone at a 0.3% copper cut off, reflecting the size and scale of the mineralised system.

The results include 53m at 1.35% copper from surface, 32m at 1.77% copper from 197m, 48m at 1.17% copper from surface, and 36m at 1.27% copper from 9m.

Horseshoe Metals (ASX:HOR) says while a review of the main zone is underway with results to be reported in October, the next phase of RC drilling will focus on the sparsely drilled mineralisation south along strike from the completed drilling and north of the late cross-cutting dolerite dyke.

Targets down plunge to the south of the existing intersections and above the south dipping dolerite will also be tested.

An RC drill rig is expected on site mid to late October.

Resource base holds huge potential to grow

“Given the current copper environment, the lower cut-off grade provides a better representation of the entire ore body at Horseshoe Lights and brings into play a significant amount of previously unaccounted for copper mineralisation,” HOR director and chief financial officer Kate Stoney says.

“These wide zones of copper mineralisation build on the positive drilling completed in May which also confirmed several wide zones of copper mineralisation at Motters outside of the existing resource base.

“With mineralisation remaining open along strike and down plunge to the south there is clear potential to grow this resource base with further drilling in the near-term.”

Looking ahead

Several activities are planned over the coming months at Horseshoe such as RC drilling testing the Main Zone, as well as Motters, RC or auger drilling of surface materials in stockpiles, additional metallurgical test work on oxide copper targets, gravity recovery test work and ongoing review of scoping study results.




This article was developed in collaboration with Horseshoe Metals, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.