Horseshoe Metals encouraged by Kumarina copper hits

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THE DRILL SERGEANT: Horseshoe Metals (ASX: HOR) has received final assay results from a recently completed drilling program at the company’s Kumarina copper project, located in the Gascoyne district in Western Australia.

Drilling was carried out at the Snell North, Kumarina Deeps and Kumarina copper mine targets and consisted of 14 Reverse Circulation (RC) holes.

 

Kumarina project – E52/1998 location plan (overlain on Aeromagnetics). Source: Company announcement

 

Best results from the Kumarina copper mine prospect, include:

KRC151
11 metres (61-72m) at 1.59 per cent copper, including 1m (64-65m) at 4.52 per cent copper and 2m (67-69m) at 3.21 per cent copper; and

KRC150
2m (67-69m) at 2.36 per cent copper.

Horseshoe Metals said it had been encouraged by the results, which it said indicated copper mineralisation at the Kumarina copper mine and Snell North prospects, and that these prospects warrant further testing.

Eight holes were completed at the Snell North prospect.

Highlights from these holes include:

KRC145
1m (118-119m) at 0.10 per cent copper;

KRC146
4m (26-30m) at 0.14 per cent copper; and

KRC148
1m (104-105m) at 0.36 per cent copper and 1m (112-113m) at 0.23 per cent copper.

Horseshoe Metals explained KRC148 had recorded copper mineralisation at a similar depth to KRC145 and that both these holes have been cased to enable a DHEM survey to be undertaken.

“Drilling at the Snell North and Kumarina copper mine prospects have shown evidence of copper mineralisation, which warrants further testing at depth,” Horseshoe Metals said in its ASX announcement.

“Various holes at both these areas have been cased for DHEM survey ahead of the next drilling program.”

Website: www.horseshoemetals.com.au