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Horizonte Awarded Three New Concession Areas at Araguaia Nickel Project
Jul. 26, 2016 09:14AM PST
Base Metals Investing Horizonte Minerals (TSX:HZM), a nickel development company focused in Brazil, has announced the award of three new concession areas adjacent to its recently acquired Glencore Araguaia Project. As quoted in the press release: Highlights Three new concessions, totalling 3,142 hectares, are located south of the Glencore Araguaia project ‘GAP’ area acquired last year by Horizonte …
Horizonte Minerals (TSX:HZM), a nickel development company focused in Brazil, has announced the award of three new concession areas adjacent to its recently acquired Glencore Araguaia Project.
As quoted in the press release:
Highlights
- Three new concessions, totalling 3,142 hectares, are located south of the Glencore Araguaia project ‘GAP’ area acquired last year by Horizonte containing the advanced Vale dos Sonhos nickel laterite deposit Further applications for 5,998 hectares are also filed with the Mines Department for three additional concessions near the southern limit of the acquired GAP.
Horizonte CEO Jeremy Martin said, “Following on from the recent award of the Preliminary Licence (‘LP’) at Araguaia, I am pleased to announce the award of three new exploration concessions. The areas cover extensions of the ultramafic rocks that host the nickel laterite deposits which we acquired as a part of the Glencore Araguaia Project transaction in Q4 2015. We will undertake a reconnaissance exploration programme to evaluate the potential of these new areas for additional nickel mineralisation. In addition, based on generative work recently completed, we have applied for three further licence areas, which is in line with our strategy to consolidate our land position in the district.