Triton Minerals confirms Nicanda Hill graphite

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THE DRILL SERGEANT: Triton Minerals (ASX: TON) has received assay results from an initial two hole diamond drill program conducted on the Nicanda Hill prospect at the company’s Balama North project in Mozambique.

Downhole intersections include:

14.7 metres at 18.7 per cent weighted average graphite carbon (WAGC) from 3.3 metres, including 1 metres at 24.9 per cent graphite and 1 metres at 28.6 per cent graphite;

40m at 14.2 per cent WAGC from 88.1m, including 7m at 18.9 per cent graphite and 10m at 20.1 per cent graphite;

12.3m at 12.3 per cent WAGC from 19.3m, including 1m at 25.5 per cent graphite; and

15.5m at 11.2 per cent graphite from 33.8m.

 

Location of holes TMBD0005 and TMBD0006 drilled on the Nicanda Hill
prospect, relative to the drilling completed earlier this year on the
Cobra Plains prospect and the generalised extents of the Black Hills and
Charmers prospects. Source: Company announcement

 

Triton claimed these results have confirmed multiple zones of high-grade graphitic material over substantial widths.

The drilling also identified mineralisation intersections of grades up to 28.6 per cent graphite near to surface.

“These are tremendous initial drilling results from the Nicanda Hill prospect, confirming Triton’s belief in the overall prospectivity of the Balama North project,” Triton Minerals managing director Brad Boyle said in the company’s announcement to the Australian Securities Exchange.

“These drilling results follow on from the previously announced rock chip sample results obtained from the Nicanda Hill prospect, which identified high-grade large flake graphitic mineralisation, with graphite flake sizes up to one millimetre, and continue to support Triton’s belief that the Balama North project has the potential to host multiple world-class graphite deposits.”

Triton said the pleasing aspect of the drilling were that the company was only able to access the southern edge of the main target area of the Nicanda Hill prospect as it rushed to complete the program before the wet season hit.

The company indicated it is now working on a more detailed exploration and drilling program, which it hopes will further delineate the graphite mineralisation on the Nicanda Hill prospect.

Website: www.tritonmineralsltd.com.au