Drilling is set to begin at the Horseshoe Lights Copper-Gold Project, to test the northern strike extension of the Main Zone including an interpreted northern plunge to the mineralisation.
Up to 15 holes are planned for the 2,000m campaign to test previous geological interpretation and magnetic data, which suggests the dolerite that cuts the northern end of the Motters structure does not extend far enough west to intersect the northern extension of Main Zone
Drilling will then focus on testing mineralisation at Motters along strike from the late cross cutting dolerite dyke and above the dolerite down plunge to the south.
On time and on budget
“It is exciting to recommence drilling as we continue to redefine the potential scale and grade of the Horseshoe Lights mineralised system by targeting strike and down plunge extensions at Main Zone and Motters,” Horseshoe Metals (ASX:HOR) CFO Kate Stoney says.
“This drill program has commenced on time and on budget, marking another step forward in our stated strategy to further prove up the Horseshoe Lights project into one of Australia’s most exciting copper development opportunities.”
Assays from this program will provide additional clarity around the broader mineralisation structure, building on the strong results from earlier RC drilling in May 2022.
Looking ahead
Other exploration activities to be carried out include RC and/or auger infill drilling of surface materials in stockpiles and northern waste dump, additional metallurgical test work on oxide copper stockpiles and targets, and gravity recovery test work on Copper Flotation and CIP tailings.
An ongoing Review of scoping study results to incorporate potential oxide heap leach SX-EW treatment is also being undertaken.
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.