2008-11-10 07:22 ET - News Release
Mr. Mark Brennan reports
LARGO CONTINUES TO REPORT ENCOURAGING RESULTS FROM NORTHERN DANCER TUNGSTEN PROJECT, YUKON
Largo Resources Ltd. has received additional results for 10 additional drill holes that are part of the recently completed drill program of 38 holes totalling 11,500 metres at the company's Northern Dancer tungsten-molybdenum property in the Yukon.
These downdip and infill holes continue to upgrade and expand the limits of the higher-grade tungsten and molybdenum zones outlined during the 2007 drill program. The company believes that these results will support a further upgrade of a significant portion of the inferred and indicated resource reported previously (see April 10, 2008, news in Stockwatch), to a measured and indicated category in order to support a prefeasibility 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 79.4 metres grading 0.29 per cent WO3 and 0.032 per cent Mo. LT08-121, 123 and 126 all intersected narrower-but-higher-grade tungsten zones which are 40 per cent to 300 per cent higher grade than the deposit grade. Largo has received additional results for 10 holes totalling 1,379 samples. Results are still pending on the remaining six holes. Click here
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