StockMarketWire.com - Horizonte Minerals has appointed Geotechreserves Do Brasil - Servi├žos De Perfuracees E Sondagens Ltda to conduct the diamond drilling associated with the feasibility study for the Araguaia nickel project in Brazil.

Horizonte said drilling started on 27 March and would comprise approximately 1,500 metres and be focused on:

- Providing an estimation of in situ ore tonnes for an area selected for trial excavation

- Undertaking geotechnical drilling over the pit areas, the site of the Rotary Kiln Electric Furnace plant and cooling water dam site

- A number of holes will be drilled to monitoring water levels around the plant site and pits as part of larger on-going hydrogeology and hydrology studies

Chief executive Jeremy Martin said: "The Feasibility Study at Araguaia is now fully under way.

"Having successfully completed the project kick-off meeting on site which was attended by all of our consulting groups during the second week of March, the drill programme will provide data which will form an integral part of the Feasibility Study.

"This includes detailed information of the trial excavation programme as well as geotechnical information over the planned process plant site which will be used to design the foundations and the main structures that support the electric furnace and kiln.

"We look forward to providing updates on this programme, as well as in respect to our other work streams including site engineering, mining, and the permitting progress, in the coming months."








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