Initial diamond program will comprise a total of 20 drill holes to be spud to a depth of 1650m, which will form the first part of Talga’s Swedish summer drilling program which is expected to test five separate potential graphite and iron targets.
The entire program will see drilling for 5,000m targeting the upgrade of the current resource classifications and sizes of selected deposits.
First drill hole at Nunasvaara deposit, completed in June, defined downhole interval of graphite mineralisation at about 25m that were found to have grades greater than 20% carbon from 17.55m depth.
The Swedish Geological Survey and the state owned mining company Luossavaara -Kiirunavaara AB earlier explored Nunasvaara and identified a 700m long graphite deposit.
Talga’s consultant estimated a JORC-code inferred mineral resource of 3.60 million tons at 23% carbon, open at depth and along strike backing on the drill results of 17 holes for 1,677.2m.
The company also expects to undertake preliminary economic studies on several projects using the drill results.
Talga Gold managing director Mark Thompson said the objective of the drilling programme is two-fold; firstly the expansion and upgrading of the existing resources, and secondly, the commencement of preliminary economic studies on several deposits.
"Our immediate focus is advancing multiple graphite projects towards fast-track development."
"Nunasvaara’s 23%C graphite JORC-code compliant Inferred Resource is renowned as the highest grade graphite resource in the world and is also one of the most advanced graphite projects globally."
