6th Nov 2014 10:45
LONDON (Alliance News) - Horizonte Minerals PLC on Thursday said it has awarded a contract for a phase 4 drilling programme at the Araguaia nickel project in Brazil.
Horizonte did not name the contractor for the new diamond drilling programme, nor provide any financial details on the contract.
"We are pleased to announce the start of this seven rig diamond drilling programme at Araguaia, this work is a key component of the forthcoming Feasibility Study," said Jeremy Martin, chief executive officer of Horizonte Minerals.
Horizonte shares were down 3.2% to 3.51 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
HZM.L