Horseshoe Metals is undergoing a strategic review to “deliver best value” from its Horseshoe Lights copper-gold project in Western Australia.
Horseshoe Metals (ASX:HOR) is undergoing a strategic review to “deliver best value” for shareholders from its Horseshoe Lights copper-gold project in the Bryah Basin region of Western Australia.
As stated in the press release:
The Horseshoe Lights project includes the closed Horseshoe Lights mine, which operated up until 1994 to produce more than 300,000 ounces of gold and 54,000 tonnes of copper. The Horseshoe Lights orebody has a JORC Resource of 12.85 million tonnes at 1.00 percent copper and is interpreted as a deformed Volcanogenic Hosted Massive Sulphide (VMS) deposit and is hosted by quartz-sericite and quartz-chlorite schists of the Lower Proterozoic Narracoota Formation, which also hosts the DeGrussa mine.