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Horizonte Minerals Reports Mineral Resource for Araguaia Project
Jan. 10, 2012 03:05PM PST
Base Metals Investing Horizonte Minerals (TSX:HZM,LSE:HZM) announced its new mineral resource estimate for the Araguaia nickel project in Brazil.
Horizonte Minerals (TSX:HZM,LSE:HZM) announced its new mineral resource estimate for the Araguaia nickel project in Brazil.
Horizonte’s CEO, Jeremy Martin said:
This is excellent news for the Company and we are delighted that our target tonnage has been achieved with this new resource estimate at Araguaia. We have converted 39% of the resource to the Indicated category and demonstrated the existence of higher grade zones which are vital for early mine life economics, as shown by the current Indicated Resource of 24.2Mt grading 1.6% Ni using a 1.2% cut-off.
Click here to read the Horizonte Minerals (TSX:HZM) press release.
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