Quarterly Activities Report
Perth, Oct 30, 2014 AEST (ABN Newswire) - Triton Minerals Limited (
ASX:TON) provide the Quarterly Activities Report for period ending September 2014. The following highlights summarise the activity, and the full quarterly report can be obtained below.
MOZAMBIQUE - Cabo Delgado Province
Balama North project - Nicanda Hill
- Reported assay results continue to demonstrate multiple high grade graphite zones of substantial widths along the entire length of all drill holes completed to date at Nicanda Hill.
- Nicanda Hill mineralised footprint defined over 6.2kms strike length.
- 2014 drilling campaign completed (October 2014).
- Nicanda Hill Maiden Mineral Resource defined of 1.457 Bt at 10.7% TGC and 0.27% V2O5, containing 155.9 Mt of graphite and 3.93 Mt of V2O5.
- Nicanda Hill deposit confirmed as the world's largest known combined Graphite-Vanadium deposit.
- Approximately 50% of assays from 2014 drill program used in Mineral Resource, upgrade expected once remaining assays received.
- Hydrothermal Mutola zone (formerly referred to as HG 1) averaging nearly 12% TGC.
- Graphite mineralisation remains open along strike and at depth.
- Scoping Study expected for Nicanda Hill by end Q4 2014.
- Preliminary flotation test work has readily produced high grade graphite concentrate of up to 97.3% TGC
- Initial flotation test work has shown graphite recovery of up to 95% at a relatively course grind of 500µm
- Mineralogical study confirms 23% of the flake graphite in the samples tested were larger than 212µm
- Triton rapidly advancing Nicanda Hill towards production.
- Triton seeking to become a market leader in low-costproduction, high grade graphite.
Balama South project & Ancuabe project
- Geotech Airborne Limited awarded contract to complete VTEM surveys at both Ancuabe and Balama South.
CORPORATE
- Successful $8.5 million capital raising.
- Acquired 80% interest in Grafex Ltda.
- General Meeting of Shareholders held in August 2014.
- Mr Bradley Boyle appointed as CEO.
- Mr Alfred Gillman appointed as Executive Director.
To view the quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-697330.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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