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  • Triton Minerals Intersects 105m Of Graphite At Cobra Plains, Extends Strike To 5 Kilometres 0 comments
    Oct 14, 2013 1:05 AM

    Triton Minerals' (ASX: TON) reverse circulation drilling has intersected up to 105 metres of graphite mineralisation on Drill Section 1.5 of the Cobra Plains Prospect in its Balama North Project in Mozambique.

    Notably, drilling has also extended Cobra Plains mineralisation to a 5 kilometre strike length with substantial thicknesses of up to 350 metres.

    "The Cobra Plains Prospect continues to deliver significant findings of graphite mineralisation. The intersection of a further 105 cumulative metres of graphite mineralisation is a very positive outcome and continues to rapidly expand the potential of this project to become a very large graphite deposit," managing director Brad Boyle said.

    "Additional graphitic outcropping located east of Drill Section 1.5 also continues to expand the known mineralisation zone.

    "These results give Triton further confidence in the prospectivity of the Cobra Plains Prospect as a stand alone graphite deposit, as the Company continues to delineate high grade graphitic mineralisation, now over a strike length of up to 5 kilometres."

    Triton has now completed the second phase drilling program designed to confirm the relative positions of the graphitic zone.

    It will now move to limited diamond drilling to confirm the results obtained from the RC drilling programs and to obtain a better understanding of the orientation and structural composition of the graphitic mineralisation zone.

    This current drilling program will be used in preparation for resource definition drilling, which will rely mostly on diamond drilling results.

    Balama North

    Triton has now completed 59 drillholes along the entire length of the 5 kilometre with drillhole TMBC0059 intersecting multiple zones containing graphite for a cumulative drilled width of 105 metres, including a 100 continuous metres of graphitic material.

    Initial interpretation of these drill results appears to be replicating what was seen on the other drill sections throughout the identified graphitic mineralisation zone.

    The reverse circulation drilling program has confirmed the graphitic mineralisation between the previous Drill Sections and has managed to substantially widen the known mineralisation zone between Drill Sections 1 and 3.

    Additional drilling is required to further define the perimeters of the mineralised zone and the new mineralisation located to the east and running parallel to the current zone.

    Analysis

    With continued good graphite intersections and mineralisation now stretching over a 5 kilometre strike length, Triton Mineral's Cobra Plains Prospect is shaping up to become a stand-alone, large, high-grade flake graphite deposit.

    Upcoming diamond drilling will give the company a better understanding of the mineralisation and pave the way for resource definition drilling.

    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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