Talga Resources (ASX: TLG) has identified a new copper-gold target at its Kiskama project in Sweden, close to Europe’s largest operating copper-gold mine, Aitik, with 2,760 million tonnes at 0.17% copper and 0.1 grams per tonne gold.
Talga digitised and analysed historic drill records and assay data that were previously only in hard copy, revealing significant copper-gold grades over substantial widths.
This program represents the first substantial review of its copper-gold assets in the Kiruna mining district since acquiring the Swedish assets from Teck Resources (NYSE: TCK) 18 months ago.
The review also confirmed the presence of a potentially large iron ore-copper-gold system.
Currently producing mines in the vicinity are profitable at very low grades, and historic diamond drilling at Kiskama focused on only 1 kilometre of strike, with mineralisation is open in all directions.
A further 7 kilometres of strike remains largely untested and forms a high priority target zone.
Interestingly, Of the 13,836 metres of historic drilling, only 27% was assayed for copper and less than 2% for gold; intervals that were assayed included several broad near surface zones of copper-gold.
The proximity of the deposit to road and rail links to nearby mines offers potential synergies for development, and Talga is now better informed to accurately pursue divestment or joint venture opportunities for Kiskama project.
In addition, Talga is currently testing graphite ore from its Nunasvaara project, also in Sweden, for its ability to produce graphene.
Graphene is an emerging industrial derivative of graphite being increasingly researched worldwide for its unique properties and potential extensive application across a range of new era technologies.
Test results are expected in a few weeks’ time.
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