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Talga Resources Ltd.
Summary
| Project: | Jalkunen | |
|---|---|---|
| Deposit: | Jalkunen | |
| Location: | Sweden | |
| Commodities: | Graphite-Copper-Cobalt-Gold-Molybdenum | |
| Date: | 12/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2016: Talga Resources Ltd. announces an Exploration/Drilling Update report for its Jalkunen deposit at the Jalkunen project. Drilling results incl. 17.1m @ 16.6% Cg from 23.6m. Talga Resources Ltd (ASX:TLG) (“Talga” or “the Company”) is pleased to r | |
| Resources: | (Resource, Inf.): 31.5Mt @ 14.9% Cg for 4693500t Cg contained | |
| CP/QP: | [Overall Report]: Amanda Scott (Scott Geological AB.) | |
| ABSTRACT: | Talga Resources Ltd (ASX:TLG) (“Talga” or “the Company”) is pleased to report very high grades of graphite in the first assay results from the Company’s October drilling program across several 100%-owned graphite projects located in north Sweden. The new assay results, many at shallow depth, recorded outstanding high grade graphite, including zones grading over 40% graphitic carbon ("Cg") (Fig 1 and Table 1). These new results will be used to estimate an upgraded resource at Vittangi, expected to be completed in the coming quarter. Development of the deposits around the key Vittangi project is central to Talga’s growth strategy to source and control high quality graphite supply into its developing material partnerships in Europe, the UK and USA. Talga is currently developing new high-tech graphite and graphene applications for major industry sectors through a growing base of these collaboration partnerships. At the Company’s Nybrännan prospect (part of the Jalkunen graphite project, see Fig 5) located approximately 40km south-east of the Vittangi project, two maiden exploration diamond drillholes were completed for a total of 226m. The drillholes at Nybrännan were located approximately 100m south of historic graphite workings where previous Talga rock chip sampling returned high grades from surface (ASX:TLG 16th September 2014). Each of the two drillholes, located 50m apart on ground electromagnetic ("EM") targets, intercepted graphite mineralisation (Fig 6). The highest grade individual sample from NYB16001 was 1.3m @ 28.4%Cg from 96.7m which was the lower of three graphite zones intercepted in the hole (see Table 1). These results will be reviewed along with the associated geophysical data to determine future exploration activities at Nybrännan. | |
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