Horizonte Minerals up on positive update

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".

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The news sent Horizonte shares up 1.84% in early trading although the company is 22% down in the year to date.

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