Horizonte Minerals the AIM quoted nickel and gold company focused on Brazil, says three new high grade intersections have been found at its Baio target.
The news comes in a positive assessment of its work at its 100% owned Araguaia project which the firm's Chief Executive Jeremy Martin says "is developing into a significant nickel deposit in terms of size and grade".
Horizonte says it will be able to give an updated mineral resource estimate - to tell people exactly how much nickel they think they have in Araguaia - by the end of the year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The news sent Horizonte shares up 1.84% in early trading although the company is 22% down in the year to date.
BS
-
Watch out for fake Steven Bartlett video – you could lose thousandsScammers are trying to tap into the Trump tariffs chaos, but knowing what to look out for could save you thousands of pounds, says Kalpana Fitzpatrick
-
Can Donald Trump fire Jay Powell – and what do his threats mean for investors?Donald Trump has been vocal in his criticism of Jerome "Jay" Powell, chairman of the Federal Reserve. What do his threats to fire him mean for markets and investors?
