Largo Resources Ltd. (CVE:LGO) reports that drilling has began at its advanced-stage Maracas Vanadium project in Bahia, Brazil.
Largo Resources Ltd. (TSXV:LGO) reports that drilling has began at its advanced-stage Maracas Vanadium project in Bahia, Brazil.
The press release is quoted as saying:
The 11,000 meter exploration drill program (see press release dated April 26, 2011) is targeting several high priority vanadium targets and has been designed with the goal of doubling the existing Mineral Resources Estimate at the project.
Largo’s President and CEO, Mark Brennan says:
“With the recent completion of the $115 million equity financing, the soon to be completed debt financing and the subsequent start of construction we anticipate that this exploration program will provide Largo the potential opportunity to expand the current scope of the project as we become a significant player in the Vanadium market. We believe there is excellent potential based on results to date that our highly skilled exploration team, led by Andy Campbell, will be successful.”