ASX ANNOUNCEMENT
27 October 2022
Broad Zones of Shallow Copper Mineralisation up to 8.3% Confirmed at Main Zone • Review of historic RC and diamond drilling at 0.3% Cu cut-off confirms additional shallow, wide zones of copper mineralisation • Significant copper results include: o 47m @ 8.35% Cu from 37m
(RC-846 – Drilled 1993)
o 98m @ 2.54% Cu from 58m
(RC-368 – Drilled 1987)
o 44m @ 3.98% Cu from 158m
(RC-420 – Drilled 1987)
o 47m @ 3.43% Cu from 39m
(RC1152 – Drilled 1993)
o 32m @ 3.11% Cu from 43m, and
(RC1068 – Drilled 2012)
35m @ 2.80% Cu from 160m o 51m @ 1.92% Cu from 38m
(RC1091 – Drilled 2012)
o 28m @ 3.39% Cu from 72m
(RC-666 – Drilled 1988)
o 28m @ 3.28% Cu from 9m
(RC1135 – Drilled 2015)
o 72m @ 1.11% Cu from 32m
(RC1180 – Drilled 2022)
• Mineralisation remains open at depth plus along strike and down plunge to the north • Review of the North Dump historic drilling is underway and will be reported in November •
Confirmation of broad zones of copper mineralisation has prioritised follow-up drilling at Main Zone scheduled to commence imminently
• Additional near-term follow up drilling is also scheduled to be completed at: o Motters along strike and down plunge to the south o North Dump and Southern Stockpile infill o Oxide zone (surface to ~30m depth) Main Zone and Motters • Review of historic scoping study results well advanced – oxide heap leach followed by SXEW being included as part of the review _______________________________________________________________________ Horseshoe Metals Limited (ASX: HOR) (the ‘Company’) is pleased to provide an update on further encouraging results received from a recently completed review of historic Reverse Circulation (‘RC’) and diamond drilling targeting the Main Zone within the Company’s Horseshoe Lights Copper-Gold Project in Western Australia. Importantly, the review identified a significant increase in width to the Main Zone at a 0.3% Cu cut-off, which given the current copper price, is considered the appropriate cutoff grade and better reflects the size and scale of the Horseshoe Lights ore body.
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