Exceptional Graphite Interceptions at Nicanda Hill
Perth, May 19, 2014 AEST (ABN Newswire) - Triton Minerals Limited (
ASX:TON), ("Triton", "the Company") is very pleased to confirm that in this early stage of the RC drilling program, Triton has already intersected very substantial graphitic mineralization over a considerable distance on Nicanda Hill prospect in the Balama North Project.
Triton Managing Director Brad Boyle said "The highly anticipated and prospective Nicanda Hill prospect continues to improve on the encouraging results already obtained late in 2013. This is an impressive beginning to the current drilling program, with significant visual identification of graphite mineralisation in all drill holes completed to date.
The intersection of 220 metres of graphite mineralization in a single drill hole with the true extent of the mineralisation yet to be fully tested is a very exciting outcome for the Company.
The potential of the Nicanda Hill prospect continues to rapidly expand with the completion of each drill hole. Triton believes these results are just a precursor to the true untapped potential of this very large world class graphite project and is yet to be fully demonstrated and realised."
The initial phase of the reverse circulation drilling program is well underway on the Nicanda Hill prospect in License 5966 of the Balama North Project. The program is designed to test the width and potential continuity of the interpreted graphitic zone as defined by geophysics. The Nicanda Hill anomaly is further and better illustrated in Figure 1 in link below.
To date Triton has completed six (6) RC drill holes of the current program on the Nicanda Hill prospect (Figure 2 in link below). Refer to Tables 1 and 2 in link below for a summary of the location, orientation details and geology for RC drill holes GBNC001 to GBNC006.
RC drill holes GBNC004 to GBNC006 were drilled to West on the same drill section as the original two (2) diamond holes TMBD0005 and TMBD0006, which were completed by the Company on the prospect in November 2013.
The current drilling program is focused in the area around these two (2) diamond holes at the Nicanda Hill prospect, because, as previously announced by the Company on 10 December 2013, drill hole TMBD0006 intersected multiple zones containing graphite for a cumulative drilled width of 156m and the hole was terminated in graphite-bearing rocks due to the deteriorating weather conditions and, as such, the graphite mineralisation remained open at depth.
Observations from the current RC drilling support the original diamond hole results, confirming the presence of the substantial graphitic mineralisation across the a very wide anomalous zone on Nicanda Hill.
Further, this area is a high priority for the Company as announced on 22 January 2014. The diamond drilling results confirmed numerous occurrences of high grade graphitic mineralisation at and just below surface and continuing to depth, with very high grades of up 28.6% graphite carbon intersected only 17m down hole in TMBD0005.
Additionally, the Company is very encouraged by the fact the graphite mineralisation in the RC holes are showing numerous physical similarities to the graphitic material identified in the previous diamond drill holes.
The current drilling program was undertaken to delineate the hanging wall contact of the graphitic schist zone defined by the VTEM data last year and the full width of the zone bearing graphitic mineralisation at the Nicanda Hill prospect is still to be fully defined. Based on current drilling results is the graphite mineralisation zone is approximately 750m wide.
Drill hole GBNC005 has intersected multiple zones containing graphite for a cumulative drilled width of 220m. The entire intersection appears to be graphite bearing material other than several small intervals low or non-graphitic material. These thin intervals appear to be too narrow to pose any difficulties going forward (Figure 3 in link below).
The drill hole was terminated in graphite-bearing rocks at a total depth of 220m, as this was maximum depth capability of the RC drill rig.
Drilling results to date provide a strong correlation with the conductivity anomaly defined by the VTEM survey data. However, the eventual scale of the deposit may exceed the Company's target expectations. These findings provide Triton with further confidence in the scale and continuity of graphite mineralization along the overall long strike potential of the Nicanda Hill prospect.
Based on the previous surface mapping and drilling the Company is confident that this newly-identified graphitic zone will extend substantially deeper beneath the surface of the Nicanda Hill prospect. Triton will endeavour to demonstrate this in the forthcoming diamond drilling program, which is now underway on the Nicanda Hill prospect.
These initial drilling results have now delineated that the graphite- zone on the Nicanda Hill prospect is at least 750m wide, over 200m deep and appears to have a strike length of over 5kms. These dimensions are consistent with the Company's original interpretation of the VTEM data.
Drill core samples are currently being complied and finalised and will be transported to the SGS Laboratories in South Africa. Initial laboratory results from these RC drill samples are expected by the end of June 2014.
HIGHLIGHTS:
- RC drill hole (GBNC0005) intercepts 220m of graphite mineralisation from surface
- Hole ended in graphite mineralisation and is open at depth
- Based on surface mapping and drilling the mineralised zone is likely to continue for some depth beyond the 220m
- Graphite mineralization visually similar to previous Nicanda Hill diamond drilling
- The horizontal width of the graphite mineralization zone is approximately 750m wide
- Excellent correlation of drilling results with the VTEM survey data anomaly
- Drilling provides Triton further confidence in the long strike potential and graphite mineralization continuity on Nicanda Hill
- Diamond drilling program now underway to drill test full depth of the mineralization zone
- Assays results expected by end of June 2014
- Drilling results confirm world class potential of Balama North Project
- JORC Resource for Nicanda Hill anticipated by early 2015
To view pictures, tables and the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-678151.pdf
About Triton Minerals Ltd
Triton Minerals Limited (ASX:TON) is an ASX listed, responsible mineral explorer and resource management company headquartered in Perth, Australia.
Led by a highly experienced management team, Triton Minerals' vision is to grow shareholder's value through discovery or development of base metal, gold and other precious metal deposits.
Triton has made excellent progress with its three Graphite projects located in the Cabo Delgado Province in Mozambique, with the program successfully identifying a number of graphitic exposures.
It is the Company's belief that the Mozambique, Balama North Project could host multiple and very substantial world class graphite deposits.
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