Largo Undertakes New Drill Program at Northern Dancer Tungsten-Molybdenum Project, Yukon

Largo Resources Ltd. (TSXV:LGO) announced that two drill rigs have begun a 9-hole, 2,500-metre diamond drill program on the Company’s 1,500 hectare Northern Dancer Tungsten-Molybdenum property which straddles the Yukon-British Columbia border 290 kilometres east of Whitehorse.

The press release is quoted as saying:

The 9-hole diamond drill program will further test the higher-grade tungsten and molybdenum zones intersected in the 2006, 2007 and 2008 programs. This will be done through a series of angled drill holes across the deposit to test the higher-grade zones. This higher grade zone is estimated to contain a Measured and Indicated resource of 60.3 million tonnes grading 0.137% WO3 and 0.045% Mo (WO3 equiv 0.215%) and Inferred mineral resource of 5.4 million tonnes grading 0.134% WO3 and 0.047% Mo (WO3 equiv 0.214%) at a 0.17% WO3 equivalent cut-off grade (for details of resource estimate see Press Releases dated May 31, 2010 and March 12, 2009).

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