Horizonte Minerals Plc Provides Brazil Update

By Midnight Trader,  January 08, 2013, 08:14:08 AM EDT

Horizonte Minerals Plc (HZM.TO) announced continuing positive results from the on-going infill resource drilling programme at its 100% owned Araguaia Nickel Project in Para State, north central Brazil.

Highlights:

- 81 holes (2,653 metres) of the infill drill programme completed to date (commenced on 18 September 2012) targeting the Jacutinga, Vila Oito, Vila Oito East and Pequizeiro West targets at Araguaia

- New high grade intersections at the Jacutinga target include:

- 23.2 metres grading 2.09% Ni (including 10.1 metres grading 2.91% Ni)

- 9.1 metres grading 2.11% Ni

- 16.2 metres grading 1.73% Ni

- 14.1 metres grading 1.62% Ni




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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