Horseshoe Metals Limited (ASX: HOR) has received results from resource drilling at its 100% owned Horseshoe Lights Copper Gold Project located approximately 800km northeast of Perth in Western Australia (Figure 1).

Figure 1. Project location on geological setting

Significant copper intersections include:

• 24 metres at 1.2% copper including 1 metre at 3.2% copper
• 15 metres at 1.6% copper including 2 metres at 8.2% copper
• 12 metres at 2.4% copper including 3 metres at 6.7% copper and 0.3g/t gold

The Horseshoe Lights Copper Gold Project is located approximately 75km northwest of Sandfire Resources NL’s (ASX: SFR) DeGrussa Copper Gold Mine with an Underground Mineral Resource of 9.5Mt grading 5.7% copper and 2.0g/t gold for 546,000 tonnes contained copper and 616,000 ounces contained gold.

The company has completed six drillholes for 957 metres of reverse circulation drilling. Assay results from the first two drillholes have now been received and the remaining results are expected late next week.

The drilling program aims to add copper tonnes and grade to the existing mineral resource block model with focus on optimising the pit shell from the 2014 Scoping Study. The drilling program is expected to be completed by 30 June 2015.

For further information, visit www.horseshoemetals.com.au

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