Triton Minerals defines outcropping graphite

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THE DRILL SERGEANT: Current exploration work being undertaken by Triton Minerals (ASX: TON) has located graphitic mineralisation outcropping, with a strike length of approximately 3.75 kilometres within the company’s Target 1 area at the Balama North project in Mozambique.

The company said an initial mapping program conducted on the key Balama License had identified graphite mineralisation in the Target 1 Area OF Interest (AOI).

Triton considers this to suggest graphite mineralisation has developed along the same sub-structure, which extends in a north-east direction from the Balama East graphite deposit held by Syrah Resources (ASX: SYR).

 

Exploration priority targets defined for the Balama North project licenses. Source: Company announcement

 

Triton said the work it has completed to date indicates of the graphite mineralisation in the AOI is under cover of alluvial soils.

Further work will be required to test the depth of the cover and the Company aims to undertake this work in the next exploration program.

The company indicated graphite-rich rock is outcropping in a north easterly direction for approximately 3.75 kilometres before descending beneath cover.

“The company is excited with the discovery of the substantial graphite outcropping,” Triton Minerals managing director Brad Boyle said in the comppany’s announcement to the Australian Securities Exchange.

“This initial small exploration program was about a proof of concept and the outcropping has confirmed our original analysis that the graphite mineralisation extended, under cover, north east from the Syrah Resources deposits.

“The outcropping zone now provides the company very clear and large drilling targets.

“Triton has scheduled to commence the drilling stage of the exploration program as soon as possible.

“The information contained within this announcement relates to only a relatively small area of the total license areas held by Triton and the company is greatly encouraged by the results so far and we are hopeful of further positive results in the near future.”