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Largo Resources (TSXV:LGO) reported that results from initial grab samples taken from its Capivara prospect have confirmed high-grade chromite and PGM showings in the area.
As quoted in the press release:
The initial 12 grab samples were collected from surface over the prospective area described further below. Samples were analyzed by both SGS Canada Inc. (8 samples), Lakefield, Ontario and ALS Mineral Division (4 samples), Vancouver, B.C. The results were as follows:
Chromite reporting as Cr2O3 ranging from 30.04 to 41.68%
Platinum values reported as ppbs (parts per billions) ranging from 110 to 2,500
Largo has recently announced the discovery of this new chromite showing on its Capivara (See press release dated November 10, 2014). The Capivara Prospect lies 32 km north of the Campbell pit at the Maracas Menchen Mine.
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