Horizonte Minerals Reports Continued High-Grade Nickel Drill Results at Araguaia Project

Horizonte Minerals (TSX:HZM,LON:HZM) reported results from the infill resource drilling program at its Araguaia nickel project in Brazil.

The press release is quoted as saying,

The results include a high grade intersection of 9.1 metres grading 2.74% nickel (Hole PCA-DD-0635V) from the Pequizeiro target. Several notable wide grade intersections are reported from the Baião target including 15.1 metres grading 1.82% nickel (Hole PCA-DD-0710), 19.7 metres grading 1.63% nickel (PCA-DD-0724) and 19.9 metres grading 1.56% nickel (PCA-DD-0733).

Horizonte’s CEO, Jeremy Martin said,

These latest drill results covering the Baião and Pequizeiro targets continue to demonstrate the consistent high nickel grades and excellent lateral continuity of mineralisation delineated at Araguaia to date. The continued expansion of these high-grade zones will be important for the overall project economics. The multi rig-drilling programme is running to schedule and we are on target to announce a resource upgrade in Q4 2011 at Araguaia.

For the complete press release, click here.