News

September 09, 2008

Horizonte Comes On Leaps And Bounds At The Lontra Nickel Deposit In Brazil

By Alastair Ford

It’s less than eighteen months since the boys at Horizonte Minerals first walked a grass roots nickel exploration play in Brazil called Lontra. Now, as the company starts to report the results of an ongoing drilling campaign, and with the best grades coming in at more than 1.5% nickel over 11 metres, Lontra is moving rapidly away from its former status as moose pasture. In short order Horizonte is turning Lontra into a fully fledged resource.

Of course, that was always the plan, given the right grades. As is Horizonte’s way as a fully paid up explorer, the original idea was to have a sniff around, see if anything promising showed up, and then work up a resource with a view to parceling out development to someone with deeper pockets and greater tolerance of risk. That focus on early stage properties, something Horizonte chief executive Jeremy Martin calls “generative exploration” is a model that’s already worked for the company in...