The first hole drilled by partners Sharpe Energy and Resources (VSE) and Freewest Resources Canada (TSE) on their Horseshoe property in Wisconsin has yielded a significant base metal intersection.
Hole HS-94-4, drilled to test a prospective zone on the western portion of the property, intersected 55.3 ft. grading 2.21% copper, 0.44% lead, 6.8% zinc, 0.61 oz. silver and 0.03 oz. gold per ton from between 846.1 and 901.4 ft.
An interval from 873.2 to 901.4 ft. encountered 2.72% copper, 0.71% lead, 11.72% zinc, 0.82 oz. silver and 0.028 oz. gold over 28.2 ft. A 3.3-ft. interval from 830 to 833.3 ft. assayed 0.132 oz. gold, and a repeat on the same section returned 5.49 oz.
Previous drilling on the Horseshoe deposit has indicated a nearly vertical, easterly plunging, polymetallic, massive sulphide deposit which is estimated to contain slightly fewer than 1 million tons grading 1.95% copper, 4.35% zinc, 0.78% lead, 0.06 oz. gold and 1.07 oz. silver. The eastern lens has an average thickness of 12.5 ft.
The companies are drill-testing an area west of hole HS-94-4. Sharpe and Freewest can earn a 60% interest in the project from Cyprus Amax Minerals (NYSE).
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