Largo Resources (CVE:LOG) announced that it has signed an LOI to acquire four new tungsten properties.
The press release is quoted as saying:
The properties have interesting exploration potential and provide an opportunity to increase Largo’s tungsten reserve base within the Currais Novos District. Acauã is a promising target with good underground showings. Cafuca is an old mine that was worked by Anglo American in the 1980s. Galo is immediately adjacent to Cafuca and has the down dip continuation of the mineralization mined on Cafuca. Recanto is a good early stage exploration target in the same belt.