Talga Gold (ASX: TLG) expects to deliver a substantial upgrade to current Inferred Resources at its Nunasvaara graphite project in Sweden following the processing of core from its recent drilling program.
The assay results from the core that is currently being processed at ALS Minerals laboratory in Sweden, is expected to begin arriving in the next four to six weeks.
These are expected to upgrade by the size and JORC classification of the Nunasvaara Resource, which currently stands at 3.6 million tonnes at 23% graphitic carbon.
Talga expects the higher status resource and metallurgical testwork to be integrated into Scoping and Feasibility Studies that are expected to start in the fourth quarter of 2012.
The company has also recently completed a reconnaissance rock geochemistry program that confirms the Nunasvaara graphite unit extends north over more than 9 kilometres of strike.
The graphite-bearing schists have a typical true thickness of 5 to 20 metres with moderate to sub-vertical dips. Historic graphite exploration pits and trenches mark some prospects.
Talga expects to calculate a JORC exploration target following the receipt of the rock sample assays and a review of extensive geophysical datasets obtained in the acquisition of Teck Resources Limited’s former subsidiary, TCL Sweden Ltd.
The results will assist in developing targets to expand graphite resources at the project for drill testing during the winter period.
Talga has also acquired a tenement surrounding the Nunasvaara area, increasing its acreage to 488 square kilometres from 260 square kilometres.
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