drilling in the copper belt

couldnt be better positioned
Horseshoe Metals: new drilling commences to follow up 6m at 5% copper discovery at Rinaldi
Tuesday, March 13, 2012 by John Phillips


Horseshoe Metals (ASX: HOR) is exploring in one of the hottest copper regions in Australia at the moment, with the company set to commence a new drilling campaign at the wholly owned Kumarina Copper project.

The program will comprise five diamond holes for around 160 metres each, with an additional two holes if required, at the Rinaldi prospect.

Not lost on astute investors, during 2011 Horseshoe Metals discovered some very promising copper intersections at Rinaldi, with the new drilling close to the 2011 discoveries of;

- 11 metres at 1.2% copper from 81 metres; and
- 13 metres at 2.7% copper from 94 metres, including 6 metres at 5.0% copper.


Major discoveries in the area

The region in which Horseshoe is currently operating continues to emerge as a major copper district in Australia, highlighted by the fact that the massive Sandfire Resources NL’s (ASX: SFR) DeGrussa Copper-Gold mine is less than 100 kilometres away.

Add to the mix the location 90 kilometres north of Ventnor Resources' (ASX: VRX) Thaduna Copper Project, which recently announced some stellar results including; 37 metres at 2.61% copper from 111 metres, including 10 metres at 7.53% copper; and 62 metres at 2.19% copper from 125 metres, including 32 metres at 3.10% copper.

Kumarina is also 35 kilometres south-west of Montezuma Mining Company’s (ASX: MZM) Butcherbird Copper project.