Board Appointment

RNS Number : 0414I

Horizonte Minerals PLC

08 June 2011

 



Horizonte Minerals plc / Index: AIM / Epic: HZM / Sector: Mining

8 June 2011

Horizonte Minerals plc ('Horizonte' or 'the Company')

Board Appointment

Horizonte, the AIM quoted exploration and development company focused in Brazil, is pleased to announce the appointment of Mr. Bill Fisher as Non-Executive Director to the Board with immediate effect.  The appointment complements the Company's strategy of working towards dual listing on the Toronto Stock Exchange ('TSX').

Bill Fisher has over 30 years of extensive industry experience in both exploration and mining positions throughout Canada, Africa, Australia and Europe.  He was CEO from 2000 to 2008 of Globestar Mining Corp. and oversaw the development and finance of the Cerro de Maimon project, the Domincan Republic's first copper mine.  He also served as Chairman of Aurelian Resources Inc. which was acquired by Kinross Gold Corp. for US$1.2 billion after the discovery of the Fruta del Norte gold deposit in Ecuador.  Furthermore, Bill served as Vice President of Exploration for Boliden AB, a major European zinc and copper company where he was responsible for thirty-five projects over nine countries.  Currently he serves as an independent director of PC Gold (TSX: PKL), and Treasury Metals (TSX: TML), Gold Quest Mining Corp (TSX-V: GQC) and Karmin Exploation (TSX-V: KAR)

Horizonte's CEO Jeremy Martin said, "We are delighted to welcome Bill to the Board, his proven track record will be invaluable to Horizonte on a corporate level as we proceed with our dual listing on the TSX.  Bill brings a wealth of experience in developing projects through to production; he speaks Portuguese, and has worked extensively in Brazil being instrumental in the discovery of the Aripuanã base metal massive sulphide deposits.  All of this, combined with his nickel laterite experience, ideally places him to support Horizonte's primary growth strategy as we develop our flagship Araguaia nickel project in northern Brazil towards a Pre-feasibility study next year."

Bill Fisher, aged 53, is a director or has been a director of the following companies:

Current Directorships:

PC Gold

Treasury Metals

GoldQuest Mining Corp.

Karmin Exploration

Directorships held within the previous five years:

Aurelian Resources

Globestar Mining

RX exploration

There are no other matters which are required to be announced with regard to this appointment under paragraph (g) of Schedule 2 of the AIM Rules.

**ENDS**

For further information visit www.horizonteminerals.com or contact:

Jeremy Martin	Horizonte Minerals plc	Tel: [phone]
David Hall	Horizonte Minerals plc	Tel: [phone]
Dominic Morley	Panmure Gordon (UK) Limited (Nomad and Broker)	Tel: [phone]
Katherine Roe	Panmure Gordon (UK) Limited	Tel: [phone]
Hannah Woodley	Panmure Gordon (UK) Limited	Tel: [phone]
Joanna Weaving	finnCap Ltd (Joint Broker)	Tel: [phone]
Matthew Robinson	finnCap Ltd	Tel: [phone]
Ben Thompson	finnCap Ltd	Tel: [phone]
Felicity Edwards	St Brides Media & Finance Ltd (PR)	Tel: [phone]
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]

Notes

Horizonte Minerals plc is an AIM quoted exploration and development company with a portfolio of nickel and gold projects in the Carajas District of Brazil.  The Company is focused on creating value by generating and rapidly advancing exploration projects in tandem with joint ventures with major mining companies, providing mid-term cash flow which is then used to develop the business and pipeline projects.

Horizonte has two committed major mining partners: Teck Resources Limited, a major strategic shareholder in the Company, and AngloGold Ashanti Limited, a JV partner on the gold portfolio.

Horizonte owns 100 per cent of the advanced Araguaia nickel project located to the south of the Carajas mineral district of northern Brazil; the project has the potential to deliver a resource with size and grades comparable to other world-class projects in northern Brazil.  Horizonte also recently reached agreement with Lara Exploration to acquire the Vila Oito project also within the Carajas mineral district, which has the potential to host a resource of a 10 to 11 Mt grading 1.3 to 1.4% Ni, and further consolidates the Company's position in the greater Araguaia district.

In addition Horizonte and AngloGold Ashanti have a US$5.3 million exploration alliance to generate and develop new and existing gold targets within two areas of Brazil and a further JV with the major whereby AngloGold Ashanti can earn into 51% of the Falcao gold project by expending US$4.5 million over three years with the right to earn a further 19% by taking the project to Pre-feasibility Study.

Horizonte is well funded to accelerate the development of its core projects.

 

END

 

 

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