THE DRILL SERGEANT: Triton Minerals (ASX: TON) has received results of drilling undertaken at the company’s is Balama North project in Mozambique.
The drilling targeted a three kilometre-long graphite mineralised zone known as Cobra Plains.
Overview of the intrepreted distribution of graphite prospects of Cobra
Plains and Nicanda Hill on the Balama North project in relation to Syrah
Resources’ Balama deposit. (approximate extent shown). Source: Company
Triton said it had encountered a number of drill hole intersections of high-grade graphite the Cobra Plains prospect during its July drilling program, these included:
– 44 metres at 6 per cent Weighted Average Graphite Carbon (WAGC) from 23 metres;
– 17m at 9.8 per cent WAGC from 2m;
– 23m at 6.6 per cent WAGC from 44m; and
– 12m at 7.4 per cent WAGC from 12m, including 2m at 16.2 per cent Graphite Carbon.
“At this early stage of the drilling program these are very positive results which are helping the company to develop a better understanding of the composition of the north-east-trending graphite zone of approximately 3km in length, identified on the Cobra Plains prospect in the Balama North project,” Triton Minerals managing director Brad Boyle said in the company’s announcement to the Australian Securities Exchange.
“In many countries around the world, two per cent total graphitic carbon is considered economic to mine, so intercepting numerous very high grades of graphitic mineralisation with grades of up to 16.2 per cent total graphitic carbon, in our secondary target is an exceptional result.
“The initial wide space drilling program consisting of four drill sections spaced approximately one kilometre apart, has intersected numerous high and medium grade graphite zones, extending over the three kilometre area.
“This is a very positive outcome and the results demonstrate the potential for the company to delineate a large volume of high-grade graphitic mineralisation and increases the overall general potential of the Balama North project.”
Triton said the first phase of RC drilling it has completed demonstrated the potential of the Cobra Plains prospect to host both cumulative and continuous drilled widths of graphite mineralisation and zones of relatively high graphitic carbon grades.
The company is now preparing to undertake further RC and diamond drilling to test the strike continuity and tenor of the graphite mineralization within and beyond the current 3km long zone.