Horizonte Minerals complete bulk sample collection work for Araguaia nickel project

PUBLISHED: Apr 27 2015 @ 15:44 | Comments (0) |

Horizonte Minerals Plc, (LSE:HZM) the nickel development company focused in Brazil, has completed of the bulk sample collection ahead of the full scale pilot plant campaign for its 100% owned Araguaia nickel project in Para State, north central Brazil.

Highlights:

· High grade nickel intersections received from bulk sampling drilling include:

o 11.45 meters grading 2.68% Ni
o 8.38 meters grading 2.42% Ni
o 12.51 meters grading 2.14% Ni

· Successful collection of bulk sample using wide diameter auger drilling of 23 holes totalling 260.6 metres to collect 261 tonnes (wet) of selected material from three sites on the Pequizeiro deposit
· 240 tonnes (wet) of selected material has now been transported to the Rotary Kiln Electric Furnace Pilot Plant at Morro Azul, Minas Gerais State

Horizonte CEO Jeremy Martin said, “The completion of the bulk sample collection is another milestone as part of the on-going Feasibility work at Araguaia.

“The bulk sample has now been transported from site in eight articulated lorries to the south of Brazil where the pilot plant is located at Morro Azul. The next stage is very exciting as we start the commercial pilot campaign to produce nickel, which is targeted to commence at the end of April 2015. We will feed this bulk sample for approximately 18 and 20 days, 24 hours a day, through the plant and produce ferronickel using the proven Rotary Kiln Electric Furnace process. This is last de-risking step in demonstrating the project is amenable to the RKEF process, and the data and results will then be used to finalise the flow sheet for the commercial RKEF processing plant as part of the Feasibility study. I look forward to keeping shareholders updated during this exciting phase.”

Drill Testing of Selected Bulk Sample Sites:

Drilling was completed in 64 holes totalling 944 metres on 4 metre drill grids across the four selected bulk sample sites. The aim of this drilling was to ensure that the in-situ grade of the bulk sample is well understood and that the sample can be blended to match the chemistry of the commercial mining operation.

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