Horizonte Minerals
Horizonte Minerals Plc is an international mineral resources exploration group focused on the discovery, appraisal and development of gold and base metal deposits in Brazil and Peru. Horizonte has recognised that the previous low levels of exploration investment in Brasil has resulted in a shortage of quality early stage mineral exploration projects. The objective is to exploit these opportunities as a focused Exploration & Development company, and to become a recognised supplier of quality exploration projects with potential for major economic discoveries, in South America.
Tuesday, December 02, 2008
Horizonte reports encouraging results from Parapa gold project sampling
Horizonte Minerals PLC reported encouraging results from reconnaissance samples taken at its Parapa gold project in southern Peru.
Channel sampling at the project under option from Barrick Gold Corp returned up to 14.3 grams per ton of gold and 1,230 g/t silver over 0.8 metre width.
The Southern Vein of Parapa was found to average 3.6 g/t gold and 419 g/t silver over a 700 metres surface exposure and the Northern Vein was mapped on surface for over 600m.
Work is now underway to map and sample the numerous underground workings to determine the vertical continuity on the veins.
Horizonte CEO Jeremy Martin said: “These results demonstrate that the main veins show good continuous gold and silver grades, with multiple zones containing bonanza silver values of up to 1,230 g/t and gold grades to 14.3 g/t. Work is now underway to map and sample the numerous underground workings to determine the vertical continuity on the veins.
“Importantly, the Pararapa project is within trucking distance of five or six producing mines operating on similar style low sulphidation vein systems. We believe that a quality resource in this region has a captive local market,” Martin added.
Horizonte Minerals is an AIM-quoted international mineral resources exploration group focused on the identification, appraisal and development of gold and base metal deposits in Brazil and Peru.
Channel sampling at the project under option from Barrick Gold Corp returned up to 14.3 grams per ton of gold and 1,230 g/t silver over 0.8 metre width.
The Southern Vein of Parapa was found to average 3.6 g/t gold and 419 g/t silver over a 700 metres surface exposure and the Northern Vein was mapped on surface for over 600m.
Work is now underway to map and sample the numerous underground workings to determine the vertical continuity on the veins.
Horizonte CEO Jeremy Martin said: “These results demonstrate that the main veins show good continuous gold and silver grades, with multiple zones containing bonanza silver values of up to 1,230 g/t and gold grades to 14.3 g/t. Work is now underway to map and sample the numerous underground workings to determine the vertical continuity on the veins.
“Importantly, the Pararapa project is within trucking distance of five or six producing mines operating on similar style low sulphidation vein systems. We believe that a quality resource in this region has a captive local market,” Martin added.
Horizonte Minerals is an AIM-quoted international mineral resources exploration group focused on the identification, appraisal and development of gold and base metal deposits in Brazil and Peru.
Register here to be notified of future Horizonte Minerals articles.
Other Horizonte Minerals articles
-
24/11/08 Horizonte Minerals to sharpen focus on precious metals
-
13/05/08 Audio Interview Transcript with Horizonte Minerals
-
22/04/08 Horizonte Minerals is punching above its weight
-
11/09/07 Horizonte Minerals is Making steady progress
-
05/03/07 Horizonte Minerals: Locating the lifeblood
-
31/10/06 Horizonte Minerals: Promises, promises!
-
13/05/06 Horizonte Minerals: Worth the wait
Other Horizonte Minerals news
-
23/09/08 Horizonte Minerals ‘midway through’ Lontra Nickel Laterite drill program
-
08/09/08 Major Nickel Discovery in Brazil boosts Horizonte Minerals
-
27/08/08 Anglo Pacific Group ups interest in Horizonte Minerals
-
22/07/08 Horizonte Minerals to explore Barrick Gold\'s Pararapa Gold Property
-
14/05/08 Horizonte pleased with results at Lontra Nickel Project
-
14/05/08 Landore receives a boost from B4-7 resource estimate
-
29/04/08 Horizonte Minerals Chairman sums up year of progress
-
22/04/08 Horizonte Minerals jumps 20% in nickel results
-
17/03/08 Horizonte Minerals reports more positive results from El Aguila
-
11/03/08 Horizonte Minerals reminds investors it has plenty of cash