Historic drilling confirms Talga’s Swedish graphite

THE DRILL SERGEANT: Talga Gold has received analytical results from a program of historic assay verification and resampling it had carried out on selected historic drill cores for graphite.

The historic drill cores used in the program were drilled at five of Talga’s 100 per cent-owned Swedish graphite projects either by the Swedish Geological Survey (SGU) or Anglo America Group during the period 1958 – 2000.

 

Talga Gold’s graphite projects and established transport infrastructure, north Sweden. Source: Company announcement

 

Talga had selections of the historic drill core accessed and re-sampled in order to verify earlier reported grades and intersections of graphite mineralisation.

Highlights of historic assay verification and re-sampling include the following:

DH 4488: Nunasvaara deposit

–    26.7 metres at 23.6 per cent graphitic carbon from 41.8 metres;

DH 1A: Lautakoski prospect of the Jalkunen project

–    40.6m at 17.1 per cent graphitic carbon from 25.12m; and

–    9.4m at 24.6per cent graphitic carbon from 78.21m.

DH 00LIV004: Liviövaara prospect of the Pajala project

–    4.0m at 20.7 per cent graphitic carbon from 32.00m; and

–    12.2m at 13.7 per cent graphitic carbon from 65.84m.

“These assay results confirm the very high tenor of graphite mineralisation within our 100 per cent-owned projects in northern Sweden,” Talga Gold managing director Mark Thompson said in the company’s announcement to the Australian Securities Exchange.

“They not only support the current JORC-code compliant resource at Nunasvaara but also reveal high graphite grades over much greater strike length than previously thought at Liviövaara.

“While the presence of copper and gold in the Liviövaara system over significant widths is worthy of further attention our focus remains on the potential fast tracking of graphite production.

“Talga’s strategy to acquire high grade deposits in close proximity to infrastructure and end-user markets will likely ensure that as a potential first quartile cost producer, these projects would remain economically viable in an environment of weaker commodity prices.”

Talga Gold currently has drill programs underway on its Swedish graphite projects, which it said negates any need for it to continue working on the limited historic core material.

The company has completed some preliminary mineral size work and anticipates that will be reported when finalised.

Its focus now will be on new drilled core that will be subject to more comprehensive metallurgical testwork programs including graphite flake size estimations, distribution analysis and preliminary flotation tests with final concentrate recoveries.

These programs will commence as soon as Talga receives drill core from the drilling and will be integrated into the scoping studies, which the company expects to commence in the fourth quarter of this year.