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Talga Resources Ltd.
Summary
| Project: | Vittangi | |
|---|---|---|
| Deposit: | Niska | |
| Location: | Sweden | |
| Commodities: | Graphite | |
| Date: | 7/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-7-2019: Talga Resources Ltd. announces an Exploration/Drilling Update report for its Niska deposit at the Vittangi project. Drilling results incl. 106.4m @ 25.5% Cg from 24.8m. Advanced materials technology company, Talga Resources Ltd (“Talga” or “the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Amanda Scott (Scott Geological AB) | |
| ABSTRACT: | Advanced materials technology company, Talga Resources Ltd (“Talga” or “the Company”) (ASX:TLG), is pleased to announce the balance of the diamond drillhole assay results from the recently completed drilling campaign (see ASX:TLG 4th April 2019 & 5 June 2019) at its Vittangi Graphite Project. A total of 28 exploration diamond drillholes for 3046.5m were completed at the Niska prospect, targeting a series of electro-magnetic and outcropping targets located 1-2km northeast along strike of the Nunasvaara Mineral Resource of 12.3Mt @ 25.5% Cg (see ASX:TLG 27 Apr 2017). Exceptionally wide and high grade graphite downhole intercepts were returned including 72.0m @ 29.9% graphite (“Cg”) from 105.5m in NUN19023 (inc. 32.0m @ 41.9% Cg), 73.0m @ 29.7% Cg from 112.1m in NUN19026 (inc. 18.0m @ 41.4% Cg) and 106.4m @ 25.5% Cg from 24.8m in NUN19015. Significant assay intercepts are summarised in Table 1 and Drillhole Sections in Fig 1-3 below, with drill hole details in Table 2 and Fig 4. Detailed graphite assay results are in Table 3. Talga Managing Director, Mr Mark Thompson: “These are world class graphite results of a grade and width rarely seen, if ever, in a global context. The Vittangi project already contains the largest, highest grade graphite mineral deposit in Europe and these new zones add potential for numerous larger scale and longer life development options. We look forward to exploring how this discovery can add even more value to our planned integrated graphite anode production facility in northern Sweden, to be built on the doorstep of the Li-ion battery mega-factories underway in Europe.” Work on defining the maiden JORC-compliant mineral resource estimate for Niska will now commence, along with metallurgical and anode product testwork. This will result in Niska being included with the other Nunasvaara resources in future feasibility studies. | |
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