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Horseshoe Metals Limited ( (AU:HOR) ) has issued an announcement.
Horseshoe Metals has outlined a new copper Exploration Target for the Motters Zone at its Horseshoe Lights Copper-Gold Project, estimating 2.6–3.6 million tonnes grading 1.0–1.5% Cu to a depth of 600 metres, covering oxide, transitional and sulphide mineralisation in a steeply dipping, south-plunging zone. The company views this target as evidence of continuity and predictability of mineralisation that could support expansion of the existing Mineral Resource and underpin future development options.
Planned Phase 2 drilling will focus on shallow oxide mineralisation at Motters, infill of north dump and southern stockpiles, and extensions of both the Main and Motters zones along strike and down plunge. In parallel, rising copper prices and strong market interest are supporting discussions with multiple potential international offtake partners, while newly reported high-grade gold and silver assays from DSO stockpiles suggest additional revenue potential and improved project economics from near-term stockpile sales.
More about Horseshoe Metals Limited
Horseshoe Metals Limited is an Australian exploration and development company focused on copper and gold, with its flagship Horseshoe Lights Copper-Gold Project in Western Australia’s Bryah Basin. The project is an established volcanogenic massive sulphide (VMS) Cu/Au deposit located about 60 km west of Sandfire Resources’ DeGrussa Copper Mine and hosts both historical production and a current in situ copper and gold resource.
YTD Price Performance: -30.23%
Average Trading Volume: 543,360
Technical Sentiment Signal: Hold
Current Market Cap: A$22.47M
See more data about HOR stock on TipRanks’ Stock Analysis page.