Horseshoe Metals survey highlights potential mineralised structure

THE DRILL SERGEANT: Horseshoe Metals (ASX: HOR) recently completed a gravity survey program at the company’s 100 per cent-owned Kumarina copper project, located 100 kilometres north of Sandfire Resources’ (ASX: SFR) DeGrussa copper/gold mine in Western Australia.

Horseshoe conducted gravity surveys over the Snell North and Kumarina Deeps prospects at Kumarina, which were designed to help define targets for upcoming drill programs at both prospects.

The survey carried out at the Snell North prospect was designed to look for structures and anomalies over an interpreted magnetic dolerite intrusive which Horseshoe considers to coincide with historical shafts recently located within the prospect area.

At the Kumarina Deeps prospect the survey was aiming to detect a coincident gravity response to an interpreted deep magnetic intrusive identified from a previous high-resolution aeromagnetic survey.

The Snell North survey identified a north-east tending gravity low corridor, which coincides with an interpreted magnetic dolerite intrusive and recently identified historical copper prospecting shafts.

 

Snell North gravity survey showing a north-east trending gravity low
associated with a newly identified copper mineralised trend. Source:
Company announcement

 

“The newly-identified gravity low structure also coincides to a geochemical copper anomaly from soil sampling, indicating that this structure may be related to copper mineralisation,” Horseshoe Metals said in its ASX announcement.

“The gravity low is thought to be related to the formation of low density minerals during hydrothermal mineralisation along the north-east trending structure, which is typical of copper mineralisation elsewhere in the Kumarina district.

“The stronger gravity lows along the north-east structure may correspond to more intense zones of hydrothermal copper mineralisation, and the company plans to test these zones in its next phase of drilling at the Kumarina project, due to commence later this month.”

Horseshoe Metals indicated its maiden drilling program at the Snell North prospect is due to commence later this month.

The initial program is to consist program of 10 Reverse Circulation (RC) drill holes.

Horseshoe said the design of the program may change depending upon the results of the initial holes.

Email:
info@horseshoemetals.com.au

Website:
www.horseshoemetals.com.au