Triton encouraged by Nicanda Hill intersections

THE DRILL SERGEANT: Triton Minerals (ASX: TON) has received assays from an ongoing RC and diamond drilling program being undertaken at the company’s Nicanda Hill prospect in Mozambique.

Triton said the drilling has continued to identify high-grade graphite mineralisation at the prospect.

“The continued interception of strong graphitic and vanadium mineralisation on the initial wide-spaced drilling grid reinforces the company’s belief that the Nicanda Hill prospect will become one of the world’s largest multi-element projects,” Triton Minerals managing director Brad Boyle said in the company’s announcement to the Australian Securities Exchange.

“Further, the interception of graphite mineralisation of grades up to 25.2 per cent, also continues to validate the extension of the previously identified high-grade zones that are present along the entire mineralisation strike length of 4.8 kilometres and can be seen from surface to depths in excess of 400 vertical metres.

“These latest drill results continue to provide a solid foundation for the rapid progression and creation of the JORC 2012 resource at Nicanda Hill.”

Triton said it has completed approximately 70 per cent of the exploratory drilling program on the Nicanda Hill prospect, with 45 RC drill holes and 23 diamond drill holes finished.

The company claimed diamond drill hole (GBND0017) on drill section N6 intercepted 275 metres of graphite mineralisation from surface, finishing in graphite mineralisation and the hole remains open at depth.

Other highlights from the drilling include:

GBNC0034
142m continuous at 10.2 per cent graphitic carbon (GrC), including 36m at 15.2 per cent GrC and 10m at 19.6 per cent GrC;

GBNC0026
137m total at 10.1 per cent GrC, including 22m at 12.6 per cent GrC and 8m at 15.9 per cent GrC; and

GBNC0029

144m continuous at 10.4 per cent GrC, including 20m at 15.5 per cent GrC.

 

Plan showing significant drilling results at Nicanda Hill on License 5966. Source: Company announcement

 

Triton said the drill results had confirmed its belief graphite mineralisation intensifies and strengthens towards the north of the mineralisation footprint.

The early validation of the northern exploration targeting model, has provide Triton with the impetus to declare subsequent drilling will continue to focus on the location and interception of the high-grade areas.

The company indicated the drilling results have returned multiple high-grade graphite intercepts across the whole of the Nicanda Hill mineralisation footprint of up to 25.2 per cent GrC (GBNC0026).

Triton considers these results continue to indicate the strong present of graphite and vanadium and is confident of encountering further high-grade interceptions.

Website: www.tritonmineralsltd.com.au