Triton Minerals Ltd. (ASX:TON) announced that visual logging from holes completed during its current reverse-circulation and diamond drilling program confirm “further substantial graphite and vanadium” at the Mozambique-based Nicanda Hill prospect.
Other highlights include:
- Interpretation of geophysics and mapping expands the mineralisation target footprint to 6.2kms long and 1.1kms wide (5.2km²)
- Target footprint substantially exceeds Triton’s original exploration targets
- Continuous graphite and vanadium mineralisation confirmed over 4.8kms strike length between drill sections N14 and S10
- Substantial visable flake graphite identified in all drill holes along entire strike length
- Rapidly advancing towards a JORC 2012 Inferred Resource
- Transitioning into feasibility and development stages
- Additional metallurgical studies being undertaken in support of feasablity work
- Additional deep diamond holes to test the full stratigraphic thickness of northern mineralisation zone planned
- Heavy earth moving equipment now onsite to provide access to Nicanda Hill and Charmers Prospect
Brad Boyle, Triton’s managing director, commented:
These observations continue to reaffirm Triton’s belief in the Nicanda Hill prospect becoming a world class graphite and vanadium project. The fundamentals of this quality project continue to improve with the completion of each and every drill hole.