Make Kitco Your Homepage

Atlantic Nickel touts nickel drilling results

Kitco News

Atlantic Nickel said today it confirmed the discovery of new zone at the Palestina intrusive Ni-Cu-PGM complex.

Palestina is located within 26km from the Santa Rita mine and processing facility, well within trucking distance.

The company said the deposit is an open pit target with underground potential. The new drilling has highlighted the potential to confirm additional resources upon follow-up infill and extensional drilling.

Atlantic Nickel is the owner and operator of Santa Rita, an open-pit nickel-copper-cobalt sulphide operation located in Bahia, Brazil. Santa Rita is a fully permitted, past-producing nickel mine currently undergoing an operational restart. The Mine benefits from US$1bn of prior investment and has an estimated production capacity of 6.5 Mtpa. One of the largest open pit nickel sulphide mines in the world, Santa Rita is a high-quality asset operating with a first quartile cost position.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.