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Horseshoe is located in Itasca County, Minnesota. This lake is 142 acres in size. It is approximately 60 feet deep at its deepest point. When fishing, anglers can expect to catch a variety of fish including Black Bullhead, Bluegill, Brown Bullhead, Largemouth Bass, Northern Pike, Rock Bass, Smallmouth Bass, Walleye, Yellow Bullhead, Pumpkinseed and.