Triton Minerals Ltd. (ASX:TON) announced preliminary findings from the next section of the initial drilling program at its Balama North project, stating that they are significant because they confirm that the graphite mineralization intersected is part of the same rock succession extending northeast from Syrah Resources Ltd.’s (ASX:SYR) Balama graphite-vanadium property.
Brad Boyle, managing director at Triton, commented:
These second drill results are again encouraging and continue to exceed our expectations. The drilled intersection of a further 50 cumulative metres of graphite mineralisation and having an approximate tested down-dip extent of 100m on Drill Section 2, some 900m north east from the previous intersection, provides Triton further confidence in the prospectivity of the Balama North project and the potential to locate high grade graphitic mineralisation over a considerable strike length.
Investing in graphite? Eagle Graphite Incorporated (TSXV:EGA) owns one of only two natural flake graphite production facilities in North America. Eagle Graphite recently achieved 99.995% purity from flake graphite produced from the processing plant of the Black Crystal project in BC.
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