Toronto, Ontario-(market wire)-17/05/11-Editors Note: there are three maps associated with this release.
Largo resources Ltd. (TSX Venture: LGO) ("Largo") is pleased to announce that drilling has begun at vanadium project advanced-stage his maracas, Bahia, Brazil, with two active Derech haosher magazine on the property.
A fork of Orion 11,000 m (see press release dated 26 April 2011) is targeting purposes a number of vanadium high priority, designed with the goal of doubling existing resources estimate of the mineral in the project.
In addition, to extend the classification of vanadium on maracas, Largo also intends to continue to explore the potential for platinum group metals (PGMs "") on the property. Previous exploration programs resource ID matches the NI 43-101 of ounces of 208,000 PGMs with significant Platinum Palladium relative of four to one.
Drill program is expected to take nine months a year to complete and release Largo drill results are received.
Andy Campbell, Vice President for research Largo, said: "there is tremendous potential project maracas for additional discoveries of vanadium and PGMs and Largo optimistic program drill present significantly expands the resource maracas. Although the main focus of the campaign served remains vanadium, the PGM are quite exciting as well, we expect to continue to determine the potential projects in this area. "
Mark Brennan, President and CEO stated: "with the recent completion of capital funding for 115 million dollars, soon to be completed financing construction begins, we anticipate that this research program will provide Largo chance to expand the scope of the current project we become a significant player in vanadium successors. We believe there is great potential based on our skilled team results date exploration society, led by Campbell, Andy will be successful. "
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 three maps, please click the link below:
Http://media3.marketwire.com/docs/Figures1-3.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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