Horseshoe Metals follows up high grade copper intersections with next round of drilling at Kumarina

Horseshoe Metals (ASX:HOR) has begun its second drilling program at the Kumarina Copper Project, which is strategically located in what is rapidly becoming a significant emerging copper region in Australia.

The program, which comprises 25 reverse circulation percussion drill holes for a total of about 2,100 metres, will test the down dip extension of high grade copper mineralisation intersected from the first drilling program at the Rinaldi Prospect, where the company recently uncovered a peak intersection of 1 metre at 13.4% copper.

The maiden drilling program at Rinaldi of 12 reverse circulation percussion holes returned broad highlights of 28 metres at 2% copper from 56 metres, which included the much higher grade 2 metres at 5.3% copper, 2 metres at 3.5% copper, and 2 metres at 5.7% copper.

This next program, which is scheduled for completion before Christmas with assays expected in early 2012, will also include the drilling of infill lines at the prospect and drilling of test targets in the vicinity of the old Kumarina Copper Mine.

The Kumarina project is 95 kilometres north of Sandfire Resources (ASX: SFR) massive DeGrussa Copper-Gold mine, 90 kilometres north of Ventnor Resources (ASX: VRX) Thaduna Copper Project, and 35 kilometres southwest of Montezuma Mining Company (ASX: MZM) Butcherbird Copper project.


Kumarina to feed future Horseshoe Lights production

The current plan for the project is to be a potential satellite operation to feed into future Horseshoe Lights production, and the results from the maiden drilling program are starting to deliver on this potential.

Kumarina was historically worked for copper for around six decades up to the early 1970's, yet there has been little exploration since.

Historical workings extend over nearly 3 kilometres including a 50 metre deep shaft and drives, with recorded production of 481 tonnes of copper ore at 37% copper, and 2,340 tonnes at 17.51% copper.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/23227/horseshoe-metals-follows-up-high-grade-copper-intersections-with-next-round-of-drilling-at-kumarina-23227.html