Toronto, Ontario-(market wire)-07/21/11-Largo resources Ltd. (TSX Venture: LGO) ("Largo") is pleased to announce that it is ramping up to full scale production with initial processing of tailing material its 100% owned by do Currais automatically tungsten project in Rio Grande do Norte, Brazil. Soon pass material processing capacity of mill tailings on, and will continue to accumulate materials that add up to full capacity is reached in the near term.
Mark Brennan, President and CEO, stated: "this is a very exciting milestone for Largo. Our team, Canada, Brazil, worked diligently to bring this project during production, the budget and we believe this major achievement also demonstrates the ability of our staff to promote the project to the production of vanadium maracas in the same way. With prices of tungsten remains around all-time highs, we automatically feel Currais has potentially lucrative endeavour and Largo, its shareholders. "
Potential exploration society and expanding again
Largo believes in Currais automatically, once the major producing tungsten, which is the District project automatically Currais, has great potential for significant expansion of the historic mines making, as well as new discoveries of Orion. Largo continues to seek actively to acquire additional properties to extend and expand a Largo tungsten base, similarly the life of the project.
Appointment of Director
Largo also announces the appointment of its Chairman Pardo. Mr. Pardo, Director of investment portfolios, joined the watch restricted management in 2006 where he was mdoitsha a bank based in New York, was responsible for strategy, execution and generation of business transactions for clients in the energy, utilities and chemicals. Mr. Perdue has also worked in M & A for two Co & of Sachs Goldman, Salomon Brothers Inc., New York. He has a degree in business administration from Harvard Business School and double BBA/BS degrees in business administration and political science from the Universidad de Los Andes in Bogotá.
Quality control
Mr. Tim Mann, p. Eng chief operating officer., is a qualified person as defined under national instrument 43-101 responsible for scientific and technical work on the program.
About Largo
Largo is a Canadian-based mineral resource exploration and development company focused on creating a world leading company strategic metals. The company currently holds a 90% interest in the project vanadium maracas, a 100% interest in the project automatically Currais tungsten Tailing, a 100% interest in Campo Alegre de Lourdes iron-vanadium project, all 100% in Brazil and tungsten-molybdenum located Northern Dancer Yukon, Canada. The immediate goal of the company is to develop a project vanadium maracas by 2013 in the first quarter to start a full scale production WO3 concentrate from ??????? tungsten tailings from Currais automatically until the end of July, 2011. Largo has very skilled management team are Canada and Brazil with the ability to promote those projects.
Largo listed on TSX Venture Exchange under the symbol "LGO".
For more information please see the Web site of the Largo: www.largoresources.com.
Disclaimer
This press release contains information for the future under Canadian securities legislation. The future of information including, but not limited to, statements regarding future production tasks automatically for Currais and profitability, potential expansion, implications from Currais automatically for the development of the maracas, and likelihood of completing purchases of properties more attractive. In General, you can identify the future for information about using the future terms such as "plans", "expects" or "expects", "unexpected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "anticipate", or "believe" or variations of words, phrases or statements, actions, events or results "may" certain, "was", "was", "may" or "will", "Awakening" or "available". The future of information based on estimates of such declarations are made from management opinions. Future information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, level of activity, performance or achievements to be materially different from those in the Largo, or implied by such statements regarding the future, including but not limited to those described in the annual information of Largo public documents filed on SEDAR and periodically. Although managing Largo attempted to identify important factors that could cause actual results to vary materially from those contained in the statements about the future, there may be other factors that may cause unintended consequences be of, estimated or intended. There is no guarantee that would prove the statement be precise, the actual results, events, futures was expected such statements than substantial. Accordingly, readers should be placed more reliance on statements about the future. Largo does not undertake to update any statements regarding future except in compliance with applicable securities.
No EXCHANGE TSX Venture (rather than regulatory services provider) accepts responsibility for adjustment or accuracy of this release.
Contacts: Largo resources Ltd., Darcie LaddBusiness Development416-861-5938dladd@largoresources.comwww.largoresources.comSource: Largo resources Ltd.
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