Horseshoe South Project
The tenement is located in the Bryah Basin which is the Murchison District of Western Australia and is 4km to the south of the Horseshoe Lights Mine. Horseshoe Lights which was mined in the 1980-90’s, is a VMS style high grade copper deposit much like other major deposits in the Bryah Basin such Sandfire’s DeGrussa and Monty Mines.
The proximity of E52/2569 to the Horseshoe Lights Mine and the Horseshoe Range workings has ensured a steady stream of interest from both prospectors and exploration companies throughout its history. A number of companies have conducted extensive exploration in and around the tenement area over the last forty years, focusing predominantly on gold, copper, lead and zinc.
The association of VMS mineralisation with volcanic activity at the time of deposition of the Narracoota Formation is well established in the Bryah Basin. The geology, magnetics and previous drilling within the E52/2569 has focussed on two anomalies, the M1 (also known as Saturn) and Western Anomaly.