Horseshoe Metals Limited announced that a maiden 19-hole Reverse Circulation (RC) drilling programme has commenced at the Glenloth Goldfield, located in the Gawler Craton, South Australia. The programme is targeting historic workings not previously tested by drilling at Darleys, Blue Peter, Pork, Pioneer Extension, Royal Tiger/Searchlight, Golden Stairs, Ivanhoe and Specimen Flat prospects. In addition, highly kaolinised granite at Specimen Flat will be tested for near surface Rare Earth Element ("REE") mineralisation.EL6301 is comprised of two blocks 107 km2 in total area, located about 6km north and50km east of the 1.0 MOz Tunkillia Gold deposit respectively.

HIGHLIGHTS: Maiden 19 hole, 1500m, RC drilling programme underway at the Glenloth Goldfield Project in Gawler Craton; Samples will be routinely submitted to a laboratory in Adelaide - expected turnaround time approximately 6 weeks; EL6301 is 107 km², comprising two parts, covering the Glenloth Goldfield in the East, and the northern trend of the 1.0Moz Tunkillia deposit at Old Well to the West; Drilling will target key prospects considered highly prospective for gold in both areas of the Glenloth Goldfield - multiple targets remain undrilled; and Drilling will also target the southern part of the Glenloth granite at Specimen Flat which is highly kaolinised and will be assessed for near surface REE potential.