Horseshoe Metals Ltd - Strategic Review Underway on Old Well Gold Target in South Australia

About this update from Horseshoe Metals Limited

Horseshoe Metals Ltd (ASX:HOR) (Horseshoe or Company) is pleased to provide an exploration update and advise that a Native Title Mining Agreement (NTMA) for the Glenloth Gold Project has been successfully negotiated with the Gawler Ranges Aboriginal Corporation (GRAC) and registered with the South Australian government's Department for Energy and Mining . The NTMA signed with the Gawler Ranges People, as represented by the GRAC Registered Native Title Body Corporate, covers the entirety of Company's Glenloth Gold Project , allowing for expanded access for future exploration activities. The Company's lease over EL 6301 was renewed for a further six-year term last year. Horseshoe is currently undertaking a detailed technical review of prospective gold targets at the 'Old Well' portion of the project, which takes in the northern strike of Barton Gold's (ASX:BGD) Tunkillia deposit of approx. 1.6Moz Au (52.2Mt @ 0.94 g/t Au) and is immediately south of Sipa Resources (ASX:SRI) Tunkillia North project Old Well Gold Prospect Overview Previous operators have completed exploration in the Old Well project area that included detailed airborne magnetic surveys, calcrete geochemical sampling, Air Core (AC) assisted bedrock geochemical drilling and Reverse Circulation (RC) drilling. This historic exploration was wide spaced and part of larger regional programmes. Historic Calcrete Geochemistry Auger assisted calcrete geochemistry has been completed at various spacings along the 5 km long structural corridor that is interpreted to be the northern extension of the shear zone that hosts the Tunkillia deposit to the south. The southern boundary of the Old Well tenement is about 3km north of the Area 51 deposit located at the north end of the Tunkillia group of deposits and/or targets. The sample spacing of the calcrete geochemistry in various areas of the tenement is as follows: Contact: Kate Stoney Non-Executive Director Tel: +61 (0) 8 6241 1844 Email: [email protected] (C) 2025 Electronic News Publishing, source ENP Newswire

View stock analysis, news, and events for Horseshoe Metals Limited