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Market: AIM
Sector: General Mining - Gold
EPIC: HZM
Latest Price: 0.00p  (2.90% Ascending)
52-week High: 19.38p
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Horizonte Minerals
www.horizonteminerals.com

Horizonte Minerals Plc. is focused on exploration and development of mineral projects in Brazil. It has a successful track record in partnering with major mining companies. The Group is led by a management team with over 50 years of combined experience in the South American exploration and mining industry.

Principal projects include the wholly-owned Araguaia nickel laterite project, located in the southern Carajas Mineral District in Brazil, acquired in August 2010 from Teck. Work is focussed on the delivery of a 100 million tonne resource with fast track to Feasibility Study stage. On the gold programme Horizonte operates in partnership with Anglo Gold Ashanti to generate new world class projects in both north and southern Brazil.

Full Horizonte Minerals profile here
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Horizonte Minerals adds second nickel project in Brazil near Vale’s Onca Puma Nickel Mine

9th Dec 2009, 8:47 am Horizonte Minerals adds second nickel project in Brazil near Vale’s Onca Puma Nickel Mine

 

Junior mineral exploration outfit, Horizonte Minerals (AIM: HZM) has added a second nickel project to its portfolio of precious and base metal projects in Brazil and Peru.  Horizonte, with its local joint venture partner, LGA Mineração e Siderugia Ltda ('LGA') have secured the Tucuma Nickel Project in the western end of the Carajas mineral district in northern Brazil.


The Tucuma Project covers an area of 100 square kilometres which was identified by Horizonte as “prospective ground, on the basis of favourable geology and geophysical data and previous exploration work in the region.” 
Codelco previously conducted work at Tucuma, including stream sediment, soil and electromagnetic (‘EM’) surveys, and also drilled four holes into an EM anomaly which returned anomalous copper. Horizonte stated this morning that they believe Codelco may have missed the major structure, and noted that previous exploration also identified a yet untested 3 kilometre by 600 metre wide nickel anomaly. This anomaly is only 7 kilometres from the Onca Puma nickel mine operated by Vale (NYSE: RIO).


"This new nickel sulphide project area is located in the prospective Carajas Mineral District and covers a large area with multiple target zones. The Tucuma target is a 3km long by an average 600m wide nickel anomaly at over 500ppm nickel in soils, with values as high as 4894ppm (0.5%Ni), which we believe warrants further exploration, particularly considering the location,” Jeremy Martin, CEO of Horizonte said.  “With this in mind we will advance the project area through to drill stage for early 2010.  This work demonstrates that the strategic association with LGA and Horizonte is generating new projects to feed into the development pipeline."

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