Thema: LARGO RES. - Weltgrößtes Molybdän und Wolfram Vorkommen. ( 1 2 3 4 5 6 7 8 )
von vania (24.04.07 20:42:04)
betrifft Aktie: LARGO RES LTD
Largo Resources is a Canadian-listed company focused on natural resource development and exploration with two advanced-stage assets in the Yukon Territory and Brazil; and one very large, prospective land package in Ecuador
Northern Dancer (tungsten/molybdenum), Yukon Territory
World’s largest undeveloped tungsten-molybdenum project
Widespread mineralization
Recent successful drill program to form basis of NI 43-101 compliant resource estimate
Maracas (Vanadium/Platinum), Bahia State, Brazil
Advanced-stage high grade Vanadium PGE deposit
Can be quickly brought to feasibility
One of the world’s highest grade known deposits
Macuchi Gold-Copper project, Ecuador
Promising 5,000 hectare VMS epithermal belt
Optioned to AUR Resources Inc. (TSX.AUR)
Total LGO land package in Ecuador is over 60,000 hectares
Mit 3 Projekten:
1. Projekt:
Maracas Vanadium-PGE Project, Brazil
The Maracas deposit is hosted within gabbros and pyroxenites of the Jacare River mafic-ultramafic intrusion. This sheetlike linear intrusion extends for 70 kilometres along a north-south strike averaging about 1.2 kilometres in width. There are a number of striking similarities to the Great Dyke including age, rock types, platinum and palladium ratio and style of intrusion as well as the host rock that it intrudes. The PGMs are associated with vanadium-rich titaniferous magnetite both as disseminated and massive layers. This massive, titaniferous magnetite mineralization at Maracas ranges from 2.0 to 90 metres in thickness with an average true width of 25 metres.
The 2,000-hectare property is located 813 kilometres northeast of Brasilia, the capital of Brazil, and 250 kilometres southwest of Salvador, the capital of Bahia State. The vanadium deposit is hosted within the Jacare River mafic-ultramafic intrusion. The property has a reported historical mineral resource, estimated by the previous owners of 10.4 million tonnes of 1.37% Vanadium Pentoxide (V2O5) using a cut-off grade of 0.50% V2O5 to a vertical depth of 150 metres. This includes a higher grade core of 6.4 million tonnes grading 1.82% V2O5. The resource was estimated in 1990 using a block model and ordinary kriging; this estimate is not NI 43-101 compliant.
Maracas Vanadium-PGE Project, Brazil
Highlights
Historical resource of 10.4 million tonnes of 1.37% Vanadium Pentoxide (V2O5) to a vertical depth of 150 metres
Higher grade core of 6.4 million tonnes grading 1.82% V2O5 (Non NI 43-101 compliant)
Significant Platinum showings
250 kilometres southwest of Salvador
Good road access
Hydro electric power nearby
Advanced-stage, can be very quickly brought to feasibility
Hatch Associates to develop
2. Projekt:
Northern Dancer Properties
Largest undeveloped Tungsten-Molybdenum deposit in the world
Feasibility Study completed in early 1980s by AMAX Mining
51 Drill holes completed
496 meter underground workings
Metallurgical testing
Option to earn 100% interest
1500 Ha property
Permitted for exploration; mining friendly environment
No outstanding environmental issues
First Nation land claims settled
Photo of SE Side of Deposit and Portal Area
Widespread Tungsten/Molybdenum mineralization
51 diamond drill holes and 496m of underground workings by AMAX Minerals in the 1970s
Deposit is open to extension (laterally & at depth)
Published resource of 162 million tonnes grading 0.13% WO3 and 0.052% MoS2* (Non 43-101 Compliant)
4000 meter drilling program objectives:
Confirm historical resource
Improve recovery and grade
Access potential to expand the resource
Identify higher grade core
Successful results will form the basis of a NI 43-101 compliant resource estimate and
pre-feasibility study
Good early indication of tungsten mineralization adjacent to deposit
Soils from area SW of deposit avg. 1570 PPM WO3 compared to 240 PPM WO3 directly from Northern Dancer
Average samples from strongly anomalous soils exceeds average grade of deposit
3. Projekt
Macuchi Project Summary
Largo's Macuchi property covers over 5,000 hectares in north-central Ecuador, hosting a number of significant polymetallic (Au, Cu, Zn & Ag) volcanogenic massive sulphide deposits, including the past producing Mercedes mine (production 1940-1946 - 435,000 tonnes at 11.5g Au/t and 4.7% Cu). These types of deposits are typical of other major known precious metal rich VMS environments including Selbaie, Quebec, Eskay Creek, B.C. and Mount Read, Tasmania.
Largo optioned the Macuchi volcanogenic massive sulphide (VMS) property to Aur Resources Inc. in October 2006. The earn-in agreement gives Aur the right to earn a 75% interest in the property by making cash payments to Largo totalling US$1.025 million and expenditures on the property totalling US$3.5 million dollars over a five year period.
Promising VMS Epithermal Gold-Copper Belt under option to AUR Resources
Extensive geological time horizon identified
Large land package
Similar to world-class geology
Several identified mineralized zones
Favorable Infrastructure
von vania (24.04.07 20:43:22)
betrifft Aktie: LARGO RES LTD
April 23, 2007
LARGO RESOURCES ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
Largo Resources Ltd. (TSX VENTURE:LGO)(the "Company") is pleased to announce that it has completed its previously announced private placement of units (the "Units") for aggregate gross proceeds to the Company of $10,009,975 based on the issue and sale of 18,199,955 Units at a price of $0.55 per Unit (the "Offering"), including 9,099,955 Units that were issued pursuant to the exercise by the agency syndicate of an option to increase the size of the Offering. The Offering was completed by a syndicate of agents led by Pacific International Securities Inc. and including PowerOne Capital Markets Limited and Fraser Mackenzie Limited.
Each Unit consists of one common share in the capital of the Company and one half of one transferable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company at a price of $0.80, for a period of 18 months following the closing date.
The Agents were entitled to a commission of 6.0% of the gross proceeds raised pursuant to the Offering, which amounted to approximately $600,599. The Agents elected to receive $162,100 of this commission in cash and the remainder in the form of 797,270 commission units (the "Commission Units") at a prescribed value of $0.55 per Commission Unit. The Commission Units have identical terms as the Units. The Agents also received 1,091,997 compensation options (the "Compensation Options") equal to 6.0% of the number of Units issued in connection with the Offering. Each Compensation Option entitles the Agents to purchase one additional common share of the Company at a price of $0.65 per common share for a period of 18 months following the closing date of the Offering.
The net proceeds raised in the Offering will be used to further explore the Company's Northern Dancer Tungsten-Molybdenum deposit in the Yukon and the Maracas Vanadium-PGM deposit in Brazil.
About Largo Resources
Largo Resources is a Canadian natural resource development and exploration company. Largo holds interests in the Northern Dancer Tungsten-Molybdenum deposit in the Yukon and in the Maracas Vanadium-PGM deposit in Brazil. Largo also has a large (60,000 hectare) land position and prospective gold exploration properties in Ecuador; one of which, the 5,000 hectare Macuchi property, is under option to Aur Resources Inc. The company is listed on the TSX Venture Exchange under the symbol LGO. For more information please refer to Largo's website: www.largoresources.com.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
von vania (24.04.07 20:43:54)
betrifft Aktie: LARGO RES LTD
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