Naracoota has acquired an exciting tenement package immediately south of Horseshoe Metals Ltd Horseshoe Lights copper-gold mine and west of Sandfire Resources Ltd high grade copper-gold DeGrussa deposit in Western Australia.

Our focus is exploring and developing orogenic gold and high grade VHMS copper-gold deposits on our lease holding within the Naracoota Volcanics and overlying Horseshoe Formation rocks at the Horseshoe Range project. We will be using advanced electrical geophysics (IP and Resistivity, electro-magnetics e.g. VTEM) to identify targets that will be subsequently drill tested to depths beyond 250m.

The Horseshoe Range project has many old shafts and adits along a 4.5km strike that, when mined between 1897 and 1916, averaged 83.7 g/t Au ( Western Australia Dept of Mines & Petroleum records ). Total gold production was over 3,900oz. Drilling along less than 500m of that strike has intersected significant gold mineralisation e.g. 11m @ 18.1g/t Au; 20m @ 2.1g/t Au; 11m @ 3.15g/t Au; 4m @ 14.8g/t Au; 21m @ 1.7g/t Au----all from shallow depths (<110m).

There has been no modern exploration carried out since 1994, and there has never been any comprehensive geophysical surveys carried out over this exciting project area.

Media Releases

  • Sep 2011   09:38 AM
    Highlights: - Horseshoe Range IP Survey reveals 21 co-incident chargeable/resistive anomalies and highly prospective sub-surface structural features; - These features likely to be more
  • Jul 2011   12:02 PM
    HIGHLIGHTS Corporate - IPO closed early and oversubscribed in June 2011; - $5M raised at $0.20 per share; - Strong support from institutional and retail investors; and - Listed on ASX ( more
  • Jul 2011   11:07 AM
    Investment Highlights   - June IPO ($5M @ $0.20) closed early and oversubscribed   - Assembled 2,500+ ha tenement package for 1st time in the premier copper and gold Peak more
    Jun 2011   11:05 AM
    Highlights: - Appointment of consultant Exploration Manager & consultant Geophysicist; - IP geophysical survey and geological field work commenced to develop shallow and deep drill more
  • Jun 2011   10:32 AM
    Highlights: - Naracoota admitted to ASX under ticker code NRR; - Official quotation of shares to commence today, 11am (WST); - IPO closed early and oversubscribed raising $5 million; more

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