Horizonte Reports Update on 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.