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Talga Resources Ltd.
Summary
| Project: | Vittangi | |
|---|---|---|
| Deposit: | Nunasvaara | |
| Location: | Sweden | |
| Commodities: | Graphite | |
| Date: | 12/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2016: Talga Resources Ltd. announces an Exploration/Drilling Update report for its Nunasvaara deposit at the Vittangi project. Drilling results incl. 37.2m @ 32.7% Cg from 34.8m. Talga Resources Ltd (ASX:TLG) (“Talga” or “the Company”) is pleased to | |
| Resources: | (Resource, I+I): 9.8Mt @ 25.3% Cg for 2.4Mt Graphite contained at Nunasvaara deposit | |
| 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 Vittangi graphite project (“Vittangi”)(Fig 2), 13 exploration diamond drillholes for 1,210m were completed at the Nunasvaara North deposit. Nunasvaara North is located 1,200 metres to the north of the main Nunasvaara graphite deposit which contains part of the current JORC (2012) total mineral resource of 9.8Mt @ 25.3% Cg (details see ASX:TLG 30th May 2016). Assay results have now been received for the majority of the drillholes with the balance of results expected within two weeks. Significant graphite assay intercepts are included in Table 1 below and demonstrate the very high grade graphite mineralisation at Nunasvaara North. | |
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