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Horizonte Minerals (TSX:HZM,LSE:HZM) reported an update on exploration activities at the Araguaia nickel project.
Horizonte Minerals (TSX:HZM,LSE:HZM) reported an update on exploration activities at the Araguaia nickel project.
As quoted in the press release:
Highlights
Araguaia advanced laterite nickel project (100% Horizonte)
- Continued fast-tracking development of flagship Araguaia Nickel Project (‘Araguaia’) – current defined National Instrument 43-101 inferred mineral resource of 76.6 million tonnes grading 1.35% nickel (‘Ni’)
- Revised upgraded resource estimate on schedule for January 2012
- Initial metallurgical test work to determine the ore characteristics for the production of ferronickel is near completion
Click here to read the Horizonte Minerals (TSX:HZM) press release.