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Largo Resources

Largo Resources continues to report encouraging results from Northern Dancer tungsten project

Largo Resources Ltd said it continues to upgrade and expand the limits of the higher-grade tungsten and molybdenum zones at the Northern Dancer project outlined during the 2007 drill program.

The Toronto-listed company said it believes that the latest results from 10 holes drilled at the project in the Yukon will support a further upgrade of a significant portion of the ‘inferred and indicated’ resource reported in April 2008 to a ‘measured and indicated’ category in order to support a pre-feasibility study.
Wide zones of mineralization continue to be intersected consisting of numerous quartz veins and veinlets containing varying amounts of scheelite and molybdenite. LT08-119 was an exceptional hole, intersecting a higher grade tungsten and molybdenum zone which returned 79.40 metres grading 0.29 percent WO3 and 0.032 percent Mo.

Results are still pending on the remaining 6 holes of the recently completed drill program of 38 holes totalling 11,500 metres at Northern Dancer.

Andy Campbell, Vice President, Exploration said: "We continue to intersect and report some very wide widths of mineralization which continue to underscore this large mineralizing system. Reported drill results are better than expected and continue to confirm the higher-grade tungsten and molybdenum zones. We expect that these results will have a positive impact on an updated resource estimate and the modelling of the higher-grade zones."

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