hor intersects copper grading up to 5.5% in wa, page-2

... here another press article from Resources Roadhouse:-

[Source: www.resourcesroadhouse.com.au]

Horseshoe Metals Scores Big Copper Hit at Horseshoe Lights
Wednesday, October 30, 2013

THE DRILL SERGEANT: Horseshoe Metals (ASX: HOR) has received results from drilling recently completed at the company’s 100 per cent-owned Horseshoe Lights copper/gold project in Western Australia.

The assay results are for two holes of an eight hole RC drilling program Horseshoe is conducting to test for copper mineralisation.

Both holes returned intersections of copper mineralisation.


Drill hole location plan. Source: Company announcement

The best intersection was recorded in hole RC1101 and returned:

32 metres (from 197m to 229m) at 1.8 per cent copper, including 12 metres (from 199m to 211m) at 2.8 per cent copper and 0.2 grams per tonne gold with a peak interval of 2 metres at 5.5 per cent copper and 0.3g/t gold.

A further 27m (from 239 to 266m) at 0.8 per cent copper, including 4m (from 239 to 243m) at 1.4 per cent copper was recorded, in addition to intermittent intervals of copper mineralisation to a depth of 299m down hole.

The second hole, RC1100, was collared 40m of RC1101, and recorded low grade (less than 2500ppm) copper mineralisation in broad zones from
46m to 299m depth interspersed with higher grade copper mineralisation.

The best result was:

11m (from 131 to 142m) at 0.8 per cent copper, including 5m (from 136 to 141m) at 1.3 per cent copper.

Whilst both RC1100 and RC1101 have been drilled down the interpreted dip of the copper mineralisation they have confirmed the potential for high-grade copper mineralisation to occur east of the existing deposit,” Horseshoe Metals said in its ASX announcement.

“Importantly this mineralised zone is generally open to the east and south with very limited historical drilling in the area.

“The company believes that additional drilling is warranted to test for further high-grade copper mineralisation in the footwall zone, which could contribute to an increase in the project’s mineral resource base.”

Horseshoe Metals said the results have confirmed potential for further high-grade copper/gold mineralisation in the footwall zone east of the existing open pit.

This zone is largely untested and follow-up drilling is planned for this area.

The company intends to conduct a Down Hole Electromagnetic survey on selected holes from this drill program.


Ends.