StockMarketWire.com - Horizonte Minerals is encouraged by the significant number of high grade drill results from phase 4 drilling at its 100% owned Araguaia nickel project in Brazil.

Horizonte says the drill programme is now complete and has demonstrated consistent high grade drill intersections.

Highlights

· High grade nickel intersections from infill resource drilling on the Pequizeiro deposit include: - 11.30 metres grading 2.95% Ni

- 9.21 metres grading 2.50% Ni

- 11.82 metres grading 2.39% Ni

- 14.05 metres grading 2.33% Ni

- 18.99 metres grading 2.27% Ni

· High grade nickel intersections from infill resource drilling on the Jacutinga deposit include:

- 4.44 metres grading 3.04% Ni

- 12.13 metres grading 2.43% Ni

- 17.44 metres grading 2.38% Ni

- 19.67 metres grading 2.07% Ni

- 17.30 metres grading 2.07% Ni

Chief executive Jeremy Martin saidL "It's encouraging to report a significant number of high grade drill results (greater than 2% nickel) from our phase 4 mineral resource drilling programme at Araguaia. The full set of results have now been received for the drilling across the Pequizeiro and Jacutinga deposits, and these two areas will support the initial 8 to 10 years mine life.

"These results further support the high grade zones within the current NI 43-101 Mineral Resource Estimate, so we have an increased degree of confidence that we will not see any significant reduction in the planned nickel grades over the early period of mine life. "We are making good progress on other areas of the Feasibility work at Araguaia. The full scale Rotary Kiln Electric Furnace pilot campaign is progressing to schedule and we look forward to providing updates on this work in due course."






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