Horseshoe Metals intersects copper mineralisation at Australian prospect

16 April 2012 (Last Updated April 16th, 2012 18:30)

Horseshoe Metals has intersected copper mineralisation at the first diamond hole drilled at its 100% owned Kumarina Copper project in Western Australia.

Horseshoe Metals has intersected copper mineralisation at the first diamond hole drilled at its 100% owned Kumarina Copper project in Western Australia.

The company's third drilling programme was finalised with the completion of seven diamond drill holes at the Rinaldi prospect, with the holes ranging in depth from 141.8m to 171.8m.

Assay results for the six remaining drill holes are expected to follow in the coming weeks.

Initial observations from KDD001 confirm that the copper mineralisation is quartz vein hosted mainly within an interpreted altered dolerite host.

The main concentration of quartz veins occurs as a stock work in the hanging wall zone of a westerly dipping dolerite dyke.

The dyke has intruded through thinly bedded siltstone, and shale sediments which dip gently to the north and quartz veins continue to a lesser degree with an interpreted sub-vertical orientation.

Horseshoe Metals said that copper mineralisation occurs mainly as chalcopyrite blebs and veinlets within quartz veins.

The company has moved the diamond drill rig from Kumarina to the Horseshoe Lights project 800km north of Perth, and expects to recommence drilling there before the end of this month.