Golden Horse Minerals (ASX:GHM) has identified multiple ‘high-priority’ targets following a prospectivity review of the Sorrel Copper Project in the Northern Territory.
The review identified numerous copper, cobalt, and uranium targets for follow-up exploration and was completed by third-party geological consultants.
Historical drill results from the project include 102m @ 2.2% copper from 100m at the Bluff deposit; 37m @ 8.4% copper from 5m, including 10m @ 20.7% copper, and 44m @ 7.1% copper from 5m, including 22m @ 13.2% copper from the Redbank deposit; and 17m @ 3% copper from 1m at the Azurite deposit.
These historical drill assays formed the bases of the Sorrel Project’s existing resource estimate of 8.4 million tonnes @ 1.1% copper, with 88,000 tonnes of contained copper.
Sorrel has a past production rate of 170,000 tonnes @ 4.6% copper, which Golden Horse says provides a ‘robust’ foundation for growth across copper oxide and copper sulphide mineralisation.
To date, only seven of the more than 50 identified breccia pipes have been drill tested at the project.
Managing Director Nicholas Anderson says the company has used its time wisely during the Northern Territory’s wet season by combining the results of an earlier site visit with an interrogation of the district-scale Sorrel Copper Project database.
“This has confirmed our view that Sorrel is a dark horse in our stable with massive upside both in known copper resources along with untapped and underexplored tenure across various mineralised systems,” Anderson says.
“The review has identified at least four mineralisation styles across multiple metals, with unique opportunities to explore for potential economic quantities of copper, cobalt, rare earths, uranium, and base metal mineralisation.
“These targets coexist across our large Northern Territory land package, reflecting Golden Horse’s dominant position in the northeastern corner of the Territory.
“While we are presently focused on our Southern Cross tenure, we will take advantage of the upcoming Northern Territory dry season to get some more ‘boots on ground’ time with soil and rock chip sampling being undertaken by a second exploration group, allowing us to progress both projects concurrently.”
Golden Horse is a near-term gold producer focused on its portfolio of assets in the Northern Territory and Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Golden Horse Minerals
