Talga Resources Limited (ASX: TLG) – $0.440 (-3%)
26 Feb 2015
Talga Resources Limited (ASX: TLG) will commence drilling on newly defined exploration targets at its graphite projects in northern Sweden (Figure 1).
Figure 1. Location of the company’s 100% owned graphite projects in Sweden
The exploration targets include new estimates for the Vittangi and Jalkunen prospects where graphite mineralisation is thought to have formed under near identical conditions. The targets are based on a number of assumptions and limitations with the potential grade and quantity being conceptual in nature.
The Vittangi prospect comprises a new combined exploration target ranging from 100Mt to 175Mt with average grades between 20% Cg and 28% Cg. The Jalkunen prospect located 50km southeast of Vittangi has a combined exploration target ranging from 50Mt to 100Mt with average grades between 19% Cg and 27% Cg. There has been insufficient exploration to estimate a mineral resource.
The exploration target estimates are based on the processing of airborne and ground based electromagnetic data, historic and recent drilling, rock chip sampling and mapping into new areas.
The company has planned a diamond drill program to test and confirm a number of the known high grade graphite occurrences. The program comprises approximately 1,500 metres of diamond drilling and is scheduled to commence in March 2015.
For further information, visit www.talgaresources.com
Resources Stocks to Watch (RSTW) is the leader in research on over 680 ASX listed micro to small-cap mining stocks and commodities. We are independent and do not accept commissions. We tell it like it is. Our reports are researched by experienced geologists and resources analysts, the experts in the field.