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  • Triton Minerals To Begin Graphite Hunt With New Name 0 comments
    Feb 28, 2013 5:33 PM

    Triton Minerals' (ASX:TON) shareholders have approved the change of name from Triton Gold. The ticker symbol will remain the same at TON.

    This reflects the changed exploration focus for the company.

    Triton is preparing to begin the first phase of graphite exploration at the Ancuabe and Balama prospects in Mozambique with the appointment of Jigsaw Geoscience.

    Triton's Exploration Licence 5365 at North Balama (EL5365) is located just 3 kilometres North-East of Syrah Resource's (ASX: SYR) large Balama East graphite deposit.

    Jigsaw, a Perth-based consultancy, will begin work shortly at the North Balama licence and should be in the field by mid to late March 2013.

    Brad Boyle, managing director said this week, "The company is keen to progress the project to the next stage, namely drilling, and the commencement of this first phase of the exploration program with Jigsaw is exciting.

    "This initial stage is an essential step towards helping the company to understand the underlying geological structures beneath the highly prospective land of the project licenses in the prolific graphite region of the Cabo Delgado Province.

    "The focus of the first program is to get a better understanding of our assets relative to the known graphite mineralisation in wider Balama and Ancuabe areas."

    Triton has identified target zones following detailed analysis of the aeromagnetic and radiometric data, as well as regional geology of the North Balama licence.

    The results suggest that graphite mineralisation is continued on the North-East trend, extending up from the high grade graphite deposits at Syrah Resources' tenements.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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