Home / Metal News / Copper / Horizonte Minerals Receives Positive Results From Araguaia Project
Horizonte Minerals Receives Positive Results From Araguaia Project
Feb 22,2011 10:07CST
industry news
Source:SMM

LONDON, Feb. 22 -- Horizonte Minerals PLC (HZM.LN), the AIM quoted exploration and development company focused in Brazil, reported Monday positive initial results from the infill resource drilling program on its Araguaia Nickel Project located in Para Sate in the Carajas Mineral District of northern central Brazil.

MAIN FACTS:

-Results from first 15 holes from the Araguaia infill drilling program at the Pequizeiro West target returned best intersections of 15.9 meters grading 1.56% Ni.

-High grades zones include 6.9 meters grading 2.10% Ni.

-75 drill holes completed to date with maiden resource from Araguaia due to be announced imminently.

-Fourth drill rig now active on the project with a fifth planned for delivery to fast-track resource drilling program to build upon initial maiden resource.

-Shares on Friday closed at 26 pence.

 

Macro control policy

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn