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  • Triton Minerals Commences Mozambique Graphite Exploration 0 comments
    Mar 18, 2013 9:25 PM

    Triton Minerals (ASX: TON) will commence a much heralded first pass exploration at its key graphite project in the Cabo Delgado Province of Mozambique.

    Triton managing director Brad Boyle said, "The company is extremely pleased with the commencement of this first phase of the exploration program in Mozambique.

    Obtaining equipment and staff on site in a timely manner was also pleasing, Boyle said.

    The initial focus is on the Balama North prospect (License 5365), considered to be highly prospective, given its close proximity to known graphite mineralisation at the Syrah Resources (ASX: SYR) Balama East deposit.

    This deposit is around three kilometres to the south-west of the Balama East license boundary.

    Representatives from both Jigsaw Geoscience Pty Ltd and the Triton's joint venture partner Grafex Ltd, are due to be on ground later this week.

    Jigsaw have been engaged to assist Triton with the initial mapping, soil sampling and trenching program, with an initial emphasis on the North Balama license and with partial focus on the high priority zones.

    Exploration Program

    Once Jigsaw have completed the activities on Balama North prospect, a smaller and refined program of soil sampling and mapping will be completed on the Ancuabe prospect, License 5380.

    The reduced program is due to limited ground access, resulting from the rapid growth of ground cover during the wet season.

    The company believes access to the Ancuabe prospect will improve substantially over the coming months as the dry season in the region sets in.

    Triton has been able to locate and obtain the relevant field supplies and equipment needed to undertake the current exploration program, including the use of a large excavator, which has now been mobilised from Tanzania and is due to be on site soon.

    Discussions with neighbouring license holders

    Triton has also been in discussions with neighbouring license holders about access to site, the potential to share exploration and drilling equipment to reduce overheads and time.

    Brad Boyle said, "Discussions are underway with neighbouring licenses holders about potential synergies which may benefit all parties.

    The sharing of exploration and drilling equipment would be a great way for the company to save time and money.

    Triton is optimistic about enhancing these established relationships and looks forward to further co-operation between the parties."

    Exploration objective

    The results from this initial exploration program will enable the company to better understand the underlying geological structure and prospectivity of the project.

    This essential information collected during this first phase, will provide the necessary knowledge to enable the company to further refine and categorise anomalous zones.

    It will subsequently help in the planning and execution of the drilling program which is due to commence later this year.

    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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