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0.7¢ horseshoe metals limited

Ann: Horseshoe Lights Copper-Gold Resource Grade-Tonnage Review, page-16

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a.soumakie

708 Posts.

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11/03/22

18:51

Post #: 60146438
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Originally posted by Mikrokosmos: ↑

There’s about $10m worth of #gold in old vats alone (~200kt @ 0.6g/t = 3.800oz) ready to be put in a truck to take to a nearby gold plant!
And there is about 250kt @ ~1.0% #copper in the ROM (M15) stockpiles. At current prices that’s $14k x 2,500t Cu ($35M ). Cost of transport and processing only apply so it could be feasible to move to $SFR plant and make some fast IMO.

10m Gold
35m Copper
Take 2/3 after costs = 30m cash.

Weak hands shaken out today?
Healthy progress.
Please have in mind:
Horseshoe Lights Deposit current copper endowment totals 232,000t Cu(excluding copper contained in surface stockpiles and tailings)
The new calculation does not include 56 holes (6075m) of drilling since 2013 with very nice grades from shallow. They will use it for the next update, maybe combined with current drillings.
Think about the gold ;-)
60 km west of DeGrussa Copper Mine operated by SFR.
Think about the stockpile!
Historic drillings maximum 250m deep at Horseshoe Lights, while the big neighbor deposits are heavy mineralized 1000m deep.
Below the dolorite drillings coming;-)

Expand

thank you for clarifying. when do you think they will start drilling the deeps - below dolorite?

Last edited by a.soumakie: 11/03/22

HOR Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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