- The first batch of Talga Resources diamond drill assay results from its Vittangi Graphite Project have been revealed
- 28 holes were drilled for 3046.5 metres, and assay results from 12 holes have been received and revealed high-grade graphite intercepts at the Niska prospect
- The mineralisation at Niska is understood to be direct extensions of the Nunasvaara North graphite units that are home to the higher-grade portions of the Nunasvaara deposit
- Following the results, Talga is considering the whole strike of graphite at Vittangi for potential to scale up
Talga Resources Ltd has revealed the results from the first batch of diamond drill hole assays at its Vittangi Graphite Project in Svappavaara, Sweden.
As part of the recently-completed drilling campaign, 28 holes were drilled for 3046.5 metres at the Niska prospect in the Vittangi Graphite Project area. The drilling was focussed on the Niska North and Niska South area, which are separated by roughly 1300 metres of land that is yet to be tested.
Talga Managing Director Mr Thompson said the recent results confirm the extension of the Nunasvaara deposit, which has a Mineral Resource Estimate of 12.3 million tonnes at 25.5 per cent graphite.
“Following resource work we would like to consider the whole strike of graphite at Vittangi for potential to scale up to become a significant graphite province, for Sweden and Europe, and provide the basis for a long term technology mineral industry far greater in scope than the recent PFS considers,” he said.
Talga management said the mineralisation revealed at Niska is understood to be direct extensions of the Nunasvaara North graphite units that are home to the higher-grade portions of the Nunasvaara deposit.
Talga is an advanced mineral company with a headquarters in Perth, WA. The company’s wholly-owned subsidiaries, Talga Batter Metals AB and Talga Graphene AB, operate the company’s Swedish mines.
Talga shares rose to 61 cents per share earlier today before settling at 58 cents each as at 2:51pm AEST. The company has a market cap of $127.97 million.