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Horseshoe Metals Reports High Grade Intersections

By Joel ScanlonJan 30 2011

Horseshoe Metals Limited has reported that in the phase 2 drilling at its Horseshoe Lights project it had intersected a high grade of copper ore.

The project is considered a Volcanic Hosted Massive Sulphide style deposit within the Narracoota Volcanics formation. It is located 75km west-northwest of Sandfire Resources’ recent Doolgunna copper-gold deposit discovery.

Horseshoe Metals had listed on the Australian Securities Exchange in July last year once it completed a $7 million initial public offering. The company is a copper and gold focused exploration firm that has tenements of about 300 square kilometres in the highly mineralized region of Western Australia.

According to the results 5.1% to 11.8% copper was found at 161 to 164 meters depth. The drilling has never been taken to such depths before and the high grade sulphide copper intersections are exciting for the company.

The Horseshoe project saw some production in the past but has been under maintenance since 1994 when it was shut down. Some of the old infrastructure is still in place. Horseshoe completed the program of 13 Reverse Circulation (RC) percussion drill-holes totalling 2,632 metres within Mining Lease 52/743 in November 2010. Follow-up drilling at the Horseshoe Lights Project is scheduled in March 2011.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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