In 2017 BHP reported a staggering intercept of 425.7m at 3.04% copper, 0.59 g/t gold, 346ppm uranium and 6.03 g/t silver from Oak Dam West, sparking a share price run for explorers with ground in the area, including Cohiba.Horse Well’s proximity to Oak Dam West has been one reason for optimism as the drilling program begins, but geophysical analysis of the prospect also indicates the presence of a major feeder system believed to be associated with iron oxide copper-gold (IOCG) mineralisation that is comparable in size to the Olympic Dam feeder system. The first hole drilled at Horse Well will be reverse circulation (RC) for the first 400-450m before changing over to diamond drilling to reach an estimated depth of 1,200-1,300m.
