Horseshoe Metals kicks off drilling targeting copper at Kumarina, north of Doolgunna

Horseshoe Metals (ASX: HOR) has commenced a reverse circulation percussion drilling program testing multiple target areas over a four kilometres zone at its 100% owned Kumarina Copper project.

It is the first ever drilling of its kind undertaken at the project which is located about 95 kilometres north of Sandfire Resources NL’s (ASX: SFR) Doolgunna Copper-Gold project, in Western Australia.

Highlighting the prospectivity of the deposit, the Kumarina Project is adjacent to Horseshoe Metals' Horseshoe Light Project, where earlier in the year the company hit 15 metres at 5.1% copper.

Next door neighbour Sipa Resources (ASX: SRI) has also delivered some high-grade copper intersections recently.

The program consists of 40 holes, each between 50-100 metres deep, for a total of about 3,000 metres of drilling.

The drilling targets were generated from the March 2011 airborne magnetic and radiometric survey, from ground-based sub-audio magnetic and gradient array induced polarisation surveys and a reconnaissance soil and rock chip sampling program.

Many of the drill targets identified are associated with north-east trending shear zones and some coincide with old copper workings. The copper deposits at the Kumarina Project were discovered in 1913 and worked intermittently until 1973.

Records indicate that the Kumarina Copper mine was the second largest producer in the Bangemall Basin group of copper mines. Recorded production to the late 1960s is 481 tonnes of copper ore at a high-grade of 37.0% copper and 2,340 tonnes at a grade of 17.51% copper.

Horseshoe expects to receive the first laboratory analysis results from the program in late November 2011.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/21031/horseshoe-metals-kicks-off-drilling-targeting-copper-at-kumarina-north-of-doolgunna-21031.html