Toronto, Ontario-(market wire)-05/26/11-Largo resources Ltd. (TSX Venture: LGO) ("Largo") is pleased to announce that it plans to begin the drill exploration society 11,000 meters in Project vanadium maracas ("project") its imminently. Number of high priority goals identified through ongoing land research program of the Largo, the program was designed with the goal of the drill multiplying estimates of mineral resources exist on the project.
An existing mineral reserve estimate for the project of 13.1 million tonnes grading vanadium pentoxide 1.34%, which includes 8.7 million tonnes grading vanadium pentoxide as 1.94% (see press release of August 12, 2008 mineral reserve estimate for details), was set solely in Glucari "a." deposit, consisting of 400 meters by 150 meters of the property, remains open along strike and depth. Some of the drill program aimed at expanding resource 2011 be Glucari "A" and transmission covers more known nearby deposit (see figures 1 and 2).
In addition, the program for the study of ground magnetic survey has identified a number of similar occurrences concessions Largo acquired in 2010 (see press release dated November 22, 2010). Largo's increased the Earth on location over forty kilometers property totals along the beat (see Figure 3). These new targets have already prioritised based on results from high was a field examination, then with drilling.
The project is expected to take a drill program nine months a year to complete.
Andy Campbell, Vice President for research Largo, said: "the program for the Largo won for three months on 40 kilometers of strike length which controls the belt, as well as Largo is known more broadcasts several high-priority goals identified. Our goal is to double the current estimate of mineral resources with this program. "
Quality, quality control
The scientific information discussed in this press release, approved by Andy Campbell, p. Geo., Vice President for research Largo, a person qualified as defined by national instrument 43-101
About Largo
Largo is a Canadian-based mineral resource exploration and development company focused on creating a world leading company strategic metals. Largo currently holds 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 Brazil and 70% in Northern Dancer tungsten-molybdenum located in Yukon, Canada. The immediate goal of the company is to develop a project vanadium maracas by 2013 in the first quarter to start production of WO3 concentrate of ??????? tungsten tailings from Currais automatically by July, 2011. Skilled management team of Largo are Canada, Brazil, confident in their ability to advance these 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 the declarations with respect to the potential development and project schedule; Estimation and classification; Realization of mineral resource assessments; The timing and amount of estimated exploration society in the future; Costs of future activities; Capital and operating expenses; And success of activities the exploration society. In General, you can identify future declarations regarding future use of the 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". Future statements regarding management's estimates are based on the date such declarations are opinions. Future statements about the 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.
To view the illustrations accompanying this press release, please visit the following link:
Http://media3.marketwire.com/docs/692022.pdf
No EXCHANGE TSX Venture (rather than regulatory services provider) accepts responsibility for adjustment or accuracy of this release
Contacts: Largo resources Ltd., Darcie LaddManager business Development416-861-5938dladd@largoresources.comwww.largoresources.comSource: Largo resources Ltd.
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