Horseshoe Metals continues run-of-fun at Horseshoe Lights

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THE DRILL SERGEANT: Horseshoe Metals (ASX: HOR) has continued its recent run of good news with encouraging copper assays resulting from an ongoing resource and exploration drilling program being carried out at the company’s 100 per cent-owned Horseshoe Lights copper-gold project in the Gascoyne region of Western Australia.

Fourteen holes have been drilled to date (RC1110 ‐ RC1123) at the Motters Zone, a shallow zone of mainly oxide copper mineralisation which the company considers to be a northern extension of the ‘East Lode Mineralisation’, or possibly, a fault offset extension from the Main Zone of the Horseshoe Lights deposit.

Assay results have been received for five holes (RC1110 ‐ RC1114), with each hole intersecting a wide zone of oxide copper mineralisation, mostly from surface, including:

RC1112
37 metres (0–37m) at 1.1 per cent copper, including 10m (10‐20m) at 2.1 per cent copper.

RC1110
35m (0‐35m) at 0.9 per cent copper;

RC1114
30m (15‐45m) at 0.7 per cent copper;

RC1111
16m (0‐16m) at 0.7 per cent copper; and

RC1113
10m (0‐10m) at 0.7 per cent copper and 21m (13‐34m) at 0.6 per cent copper.

Horseshoe Metals said it had taken some positives from the results from the first five drill holes at the Motters Zone, saying they appear to confirm and expand the extent of copper mineralisation when compared with earlier drilling results.
 
“The latest assay results come from resource drill holes at the Motters Zone, where oxide copper mineralisation exists at surface,” Horseshoe Metals said in its ASX announcement.

“This drilling has intersected significant intervals of copper mineralisation, in line with results previously reported from the current drilling program.

“The latest batch of results add greater certainty to the existing mineral resource block model and, importantly, copper mineralisation outside the existing resource model has been intersected, highlighting further resource expansion potential.”

Website: www.horseshoemetals.com.au