News: Horseshoe Metals reveals resource estimate on surface stockpiles

Horseshoe Metals (ASX:HOR) has updated resources for the Horseshoe Lights Project M15 stockpiles, which includes:

- 243,400 tonnes at 1.10% copper, 0.17g/t gold and 4.7g/t silver.

The company is focused on assessing the potential viability of a low cost tailings and surface stockpiles retreatment project using gravity separation and other techniques, and the new estimate was calculated as part of this process.

The latest M15 stockpiles estimate is based upon additional historical information including a total of 32 reverse circulation holes drilled in two programs in 1992 and 1993.

The M15 surface stockpiles consist of unprocessed sub-grade ore from historical mining operations located within the Horseshoe Lights project area.

HOR wholly-owns the Horseshoe Lights Copper/Gold Project in the Gascoyne region of Western Australia.

The project includes the old open pit mine which operated up until 1994, producing over 300,000 ounces of gold and 54,000 tonnes of contained copper.

This included over 110,000 tonnes of Direct Shipping Ore which graded between 20-30% copper.