Quarterly Activities Report
Perth, July 30, 2014 AEST (ABN Newswire) - Triton Minerals Limited (
ASX:TON) provide the Quarterly Activities Report for the period ending June 2014. Significant highlights from the Graphite project in Mozambique are included.
MOZAMBIQUE - Cabo Delgado Province
- Triton executed an agreement with Grafex Limitada to acquire the remaining 40% interest in all of its Mozambique graphite projects.
- Reported results continue to demonstrate multiple high grade graphite zones of substantial widths along the entire length of all drill holes completed to date at the Nicanda Hill prospect.
- Recent results dramatically expand the known mineralisation zone and demonstrates good continuity and consistency in the graphite mineralisation over a considerable distance.
- Graphite mineralisation at Nicanda Hill prospect has shown a horizontal width at surface of an exceptional 1,000m and still remains open to the northwest.
- Further, the mineralisation is up to 500m downdip and open at depth with a proven strike length of 3.2km between the holes.
- The assay results to date are demonstrating average grades 13.7% Total Graphitic Carbon (TGC) using a 10% cut off.
- Assay results of HG1 demonstrate average grades above 17% TGC.
- Additional drilling results have delineated newly identified higher grade zones, such as HG2 and HG3.
- Drilling is now focused on testing the continuity of the multitude of interpreted high grade zones.
- Refined Scoping Study now expanded to include the recent Nicanda Hill results.
- Excellent correlation between the drilling results and the VTEM survey data anomaly.
- Additional metallurgical work underway to refine the graphite recovery process and reviewing options to see if graphite concentrate can be upgrade
- Further, additional testwork is underway to review the Vanadium potential at the Nicanda Hill prospect.
CORPORATE
- Mr Michael Brady appointed as a General Counsel & Company Secretary.
- Ms Paige Exley appointed as full time Chief Financial Officer & Company Secretary.
- Annual General Meeting of Shareholders held in May 2014.
- Attendance at Mining on Top: Africa, conference in London.
- Successful $8.5 million capital raising.
To view the full quarterly report and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-685679.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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