horseshoe discovers over 16% cu intersection.., page-2

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Exploration heading forward

Horseshoe now has sufficient data to undertake an interpretation of the intersected mineralisation at the Rinaldi Prospect and intends to recommence diamond and reverse circulation percussion drilling later this year, once all necessary land access approvals and weather conditions permit.

A program of more widespread exploration will also be conducted in 2012 to test for repetitions of the copper mineralisation identified at the Rinaldi Prospect.

Over at the Horseshoe Lights Project, drilling is also scheduled for the coming months with programs being planned to test for zones of copper mineralisation north of and along strike of the existing open pit, and to test the deep target below 200 metres from surface south east of the open pit.


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 yesterday 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.


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