Horseshoe Metals, die zweite Sandfire?

http://asx.com.au/asx/statistics/...do?display=pdf&idsId=01302585

- Horseshoe erhält eine Förderung von über 100k AUD vom Wester Australian Government um Bohrungen auf dem Kumarina Deeps Prospect vorzunehmen.

- Kumarina Deeps ist eine noch nicht bebohrte, bisher nur magnetisch auffällige Anomalie

- die 100k stammen aus einem Exploration Incentive Scheme (EIS), dass die Regierung in Aussicht gestellt hat, um die Exploration im Lande voranzutreiben.

Schön. :)  

Weiss schon gar nicht mehr wie's geht ... HOR ist einer der Werte, der sich noch in der Nähe meines EKs bewegt.

zumindest, wenn man noch in irgendwas da draussen Vertrauen hat. Sei es der Markt, die Rohstoffe, oder eben Horseshoe. :S  

hab ich mir gestern auch gedacht.. und hab mal ne order platziert.. die auch prompt zu biedient wurde.. heute wär ich vllt noch günstiger rangekommen.. naja..

denke der kurs ist hauptsächlich den vielen ausstehenden optionen geschuldet. die laufen ende des monats aus.. dann sollten auch bald die ersten ergebnisse von horseshoe lights kommen..
dann sollte es auch wieder aufwärts gehen.

gruß black.jack  

HORSESHOE METALS PROVIDES EXPLORATION UPDATE

http://stocknessmonster.com/news-item?S=HOR&E=ASX&N=593968

------------------

HORSESHOE METALS RECEIVES $2.75 MILLION EXPLORATION BOOST

http://stocknessmonster.com/news-item?S=HOR&E=ASX&N=593965


gruß black.jack  

Copper Intersected from Surface at Horseshoe Lights

http://stocknessmonster.com/news-item?S=HOR&E=ASX&N=594124  

Horseshoe Metals' near surface copper discoveries continue from Horseshoe Lights Project
Thursday, June 28, 2012 by John Phillips


Horseshoe Metals (ASX: HOR) in the second time in a week has delivered some very encouraging near surface copper discoveries at the Horseshoe Lights Project in Western Australia.

New highlights from diamond drilling at the Motters Zone are; 24 metres at 0.9% copper from 29 metres, including 1 metre at 3.9% copper and 2 metres at 2.6% copper, with weathered felsic tuffs and pyroclastic rocks intersected from surface.

What is essentially so important is that the data confirms previous drilling into shallow copper mineralisation at Motters. The hole was drilling to almost 100 metres and is close to historical hole RC863 which had previously recorded 23 metres and 1.1 % copper from 36 metres.

Highlighting the prospectivity of the area, earlier in the week Horseshoe announced results from Motters such as; 34 metres at 1.4% copper from the surface, which includes 5 metres at 2.2% copper and 1 metre at 6.9% copper. Highly weathered felsic pyroclastic rocks above dolerite was intersected.

All of the above results are from a recently completed nine hole program, with assays for the final four holes still pending.


Exploration continues at speed

Horseshoe is remaining busy on the exploration front with two reverse circulation percussion rigs currently onsite at the Horseshoe Lights Project, with the company outlining a clear plan of action for the second half of 2012, including:

- Drill gaps in the existing resource model to prove up additional near surface resources to the north of the existing open pit and at the Motters Zone;

- Drill deeper and step-out holes in areas where copper/gold mineralisation has previously been intersected in the North West Stringer Zone and the Main Zone;

- Drill test for deep, high grade copper/gold zones, potentially located down dip and down plunge of the Main Zone, which will be of sufficient grade to support underground mining; and

- Drill test shallow exploration targets outside of the immediate pit area which have not been adequately tested by previous exploration efforts.
Quelle proactivinvestor  

http://stocknessmonster.com/...m9QxC&E=ASX&S=HOR&N=595532  

was HOR so rauspumpt. allein der kurs spiegelt es nicht wieder.  

http://stocknessmonster.com/...YbWyD&E=ASX&S=HOR&N=596099  

http://www.asx.com.au/asxpdf/20120720/pdf/427hs7ch9vs6jl.pdf  

http://stocknessmonster.com/...QKrfC&E=ASX&S=HOR&N=597783  

Proactivinvestor:
Horseshoe Metals discovers more high grade near surface copper at Horseshoe Lights
Monday, July 30, 2012 by John Phillips
The continued very high grade copper intersections from Horseshoe Lights bode well for an upgraded resource at the end of 2012. Neil Marston, managing director, told Proactive Investors today results from another ten holes in the area are 'due within weeks'.

Horseshoe Metals (ASX: HOR) is continuing to unleash the power of the historic Horseshoe Lights open pit with a string of high grade near surface copper intersections.

New reverse circulation highlights include; 14 metres at 3.9% copper from 25 metres, including 3 metres at 6.2% copper.

Drilling continues to target copper mineralisation north of the existing open pit in the North West, Main and Motters zones.

The importance of the new discoveries is that the shallow copper mineralisation has been extended up to 300 metres north of the existing open pit, and they are supported by results from earlier in the month.

The first five holes of the current program delivered:

- 16 metres at 3.0% copper from 60 metres, including 10 metres at 4.4% copper and 0.1g/t gold and 1 metre at 14.6% copper and 0.3g/t gold;
- 18 metres at 1.5% copper, including 3 metres at 3.4% copper and 0.1g/t gold; and
- 14 metres at 0.5% copper.

Not lost on astute investors, more assays are forecast for delivery to the market in August.

Neil Marston, managing director, told Proactive Investors today results from another ten holes in the area are 'due within weeks'.

All of the new copper discoveries will support an increased Resource estimate to be delivered before the end of 2012, which will be followed by a Preliminary Feasibility Study.

Horseshoe Lights currently has a resource of; 8.6 million tonnes at 1.06% copper and 0.13g/t gold at 0.5% cut-off grade for 91,000 tonnes of copper and 37,400 gold ounces.


Future work program

The company has clearly outlines the plan for the remainder of the year at Horseshoe Lights, which includes:

- Prove up additional mineral resources to the north of the existing open pit, including under the North Waste Dump. The North Waste Dump lies immediately along strike to the north of the open pit and sits over a very broad alteration zone which extends approximately 400m in width from the North West Stringer Zone in the west to the Motters Zone in the east;

- Drill deeper holes in areas where copper/gold mineralisation has previously been intersected in the North West Stringer Zone and the Main Zone;

- Test for deep, high grade copper/gold zones, potentially located down dip and down plunge of the Main Zone, which will be of sufficient grade to support underground mining; and

- Follow up shallow exploration targets outside of the immediate pit area which have not been adequately tested by previous exploration efforts.


Major discoveries in the area

The region in which Horseshoe is currently operating continues to emerge as a major copper district in Australia, highlighted by the fact that Sandfire Resources’ (ASX: SFR) massive DeGrussa Copper-Gold mine is less than 100 kilometres away.

Add to the mix the location 90 kilometres north of Ventnor Resources' (ASX: VRX) Thaduna Copper Project, which recently announced some stellar results including: 37 metres at 2.61% copper from 111 metres, including 10 metres at 7.53% copper; and 62 metres at 2.19% copper from 125 metres, including 32 metres at 3.1% copper.


Analysis

Earlier in the year private investor, Investmet Limited, elected to invest up to A$4.1 million Horseshoe Metals. For investors in the know out there, Investmet was an early stage investor in Northern Star Resources (ASX: NST) at a few cents and it hit over $1.00.

Horseshoe Metals currently has $2.5 million in cash which is sufficient to conduct all the drilling programs through the end of 2012.  

Die "neue" Kapitalstruktur sieht wie folgt aus:

69,086,893 shares outstanding (undiluted)

options:
6,091,667 @ 0,2$  bis 30.06.2013
3,333,333 @ 0,35$ bis 25.05.2013
3,333,333 @ 0,45$ bis 25.05.2014
3,333,333 @ 0,6$  bis 25.05.2015

dazu kommen noch einige aogenannte "Incentive Rights" des MM.

PS: Sehe ich das richtig das die Option für Investmet Limited weitere 5M shares zu erstehen am 25.08.12 ausläuft? Es war von drei monaten nach dem meeting die rede..

---------

hier der quartalsbericht:
http://www.stocknessmonster.com/news-item?S=HOR&E=ASX&N=598801
http://www.stocknessmonster.com/news-item?S=HOR&E=ASX&N=598823

gruß black.jack  

Neil Marston - Horseshoe Metals
Thursday, July 26, 2012

Horseshoe Metals managing director Neil Marston called in this week on his way home from the company’s Horseshoe Lights project...
.
.
Das interview findet ihr hier:

http://www.resourcesroadhouse.com.au/_blog/...ton_-_Horseshoe_Metals/

gruß black.jack  

http://stocknessmonster.com/...trRrA&E=ASX&S=HOR&N=600372  

Old Horseshoe proving a good omen
Thursday, 16 August 2012
Ron Berryman

WHILE some copper hopefuls have fallen by the wayside with their De Grussa “nearology” projects, junior explorer Horseshoe Metals has continued to return very promising drill results from its exploration in the Peak Hill mineral field.
Quelle Mip  

Wahnsinn dieser Umsatz. Horseshoe Aktien gingen gestern weg wie warme Semmeln! Nach den gestrigen News wurde der Unternehmenswert erheblich gesteigert. Daher stehen die Chancen auf eine nachhaltige Aufwärtsbewegung nicht schlecht.  

So langsam muss HOR mal eine Neubewertung der Resourcen vornehmen. Nach den vielen Bohrergebnissen der letzten Monate ist die ungefähre Größe der Erzvorkommen wirklich interessant.  

Die Daten werden gesammelt und fließen in die neue Kalkulation mit ein.

Um nochmal aufden (guten) Threadtitel hinzuweisen, der Horseshoe mit der Sandfire vergleicht. Die Horseshoe Story gleicht der von Sandfire immer mehr. Sandfire hat seine Aktionäre reich gemacht. Ich denke, das ein nachhaltiger Kursanstieg einsetzt. Dann muss man einfach dabei sein. Das Potential ist enorm.  

Der Umsatz von heute Nacht: 28,912,154!  

ist verlass;)

das sind mal wieder klasse ergebnisse!
und ich denke sie erhöhen die chance das "Investmet Limited" sich dazu entscheidet und bis zum 25.08.12 ihre option ziehen weitere 5M shares für 0,275$ zu erwerben..

Mal ein interessanter artikel über Michael Fotios, Kopf von "Investmet Limited":
http://au.news.yahoo.com/thewest/business/a/-/...s-spreads-his-wings/

Das Volumen war diese Nacht riesig!! Leider ziemlich weit entfernt vom TH geschlossen aber in den nächsten monaten sollte uns weiter konstanter newsflow zu beiden projekten begleiten..

nur meine meinung ;)

gruß black.jack  

In Deutschland ist die Horseshoe völlig unbekannt. Von den 28 Mio Umsatz in Australien in D nur ein minimaler Bruchteil hiervon. Mal sehen was die Aussies machen. Kleinere Gewinnmitnahmen wären normal.  

Horseshoe Metals' unleashes near surface 23m at 4.2% copper hit at Horseshoe Lights
Thursday, August 16, 2012 by John Phillips
This hit is only one of many high grade results released today. Historical production at Horseshoe Lights is over 110,000t DSO, which draws comparisons to Sandfire Resources' De Grussa project - which is looking at producing 140,000t of DSO. Horseshoe Metals appears to have only scratched the surface at the project - and investors will be watching results from the next 4000 metres of drilling closely.

Horseshoe Metals (ASX: HOR) has delivered what can simply be referred to as outstanding copper intersections immediately north of the historic Horseshoe Lights open pit, which is part of the wholly owned Horseshoe Lights copper gold project in the Peak Hill Mineral Field of Western Australia.

Reverse circulation drilling highlights from the North West Stringer Zone include:

- 23 metres at 4.2% copper from 43 metres, including 8 metres at 8.6% copper;
- 24 metres at 3.1% copper from 39 metres, including 7 metres at 6.7% copper; and
- 11 metres at 2.0% copper from 52 metres, including 1 metre at 11.7% copper.

This zone is located immediately north - west of the Main Zone of high grade mineralisation which was the focus of mining in the historic Horseshoe Lights open pit.

The results don't stop there, and over at the Motters Zone highlights included; 39 metres at 1.6% copper from surface, including 4 metres at 3.7% copper and 2 metres at 3.9% copper; and 19 metres at 1.1% copper from 1 metre.

Motters is located just 100 metres north-east of the existing open pit and is considered to be a parallel zone of copper mineralisation to the Main Zone.

These high grade results continue to flow from the project, which around a fortnight ago delivered 14 metres at 3.9% copper from 25 metres, including 3 metres at 6.2% copper.

Drilling continues to target copper mineralisation north of the existing open pit in the North West, Main and Motters zones, with another 4000 metres of combined diamond and reverse circulation drilling to be completed before the end of 2012.

Neil Marston, managing director, spoke to Proactive Investors today and said that the new drilling will test down dip and down plunge of the Main Zone. Drilling will also include a follow-up of shallow exploration targets outside of the immediate pit area - which have not been adequately tested by previous exploration efforts.

All this data will lead to a highly anticipated updated minerals resource in early 2013, which currently stands at 8.6 million tonnes at 1.06% copper and 0.13g/t gold at 0.5% cut-off grade for 91,000 tonnes of copper and 37,400 gold ounces.

Horseshoe Metals will then be able to follow the resource update with a Preliminary Feasibility Study.

In other Horseshoe Metals news, drilling will re-commence at the highly prospective Kumarina project in September, which is located in the Bangemall Basin which already hosts several base metal projects.


Analysis: Comparisons to De Grussa

While comparisons are often difficult, Horseshoe Lights is demonstrating significant promise.

Historical production at the project is over 110,000 tonnes of direct shipping ore, which draws comparisons to Sandfire Resources' (ASX: SFR) massive De Grussa project - which is looking at producing 140,000 tonnes of direct shipping ore - at around the same grade as the historical production at Horseshoe Lights.

Now consider that Horseshoe Metals has a market cap of $12 million and cash of $2.5 million (June 30 2012), the market is placing a valuation of less than $10 million on the company's projects - which not only includes Horseshoe Lights - but another potential "company maker" in Kumarina.

With ongoing exploration success across two projects, the current share price of around $0.16 will not last for long.  

Moderate Gewinnmitnahmen mit schwachem Volumen nach einem stärkeren Anstieg mit hohem Volumen. Schaut nicht schlecht aus. Die Entwicklung eines Trends steht natürlich im Vordergrund. Die kommenden Wochen werden es zeigen.