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  • Triton Minerals Finds High Grade Large Flake Graphite At Ancuabe Project 0 comments
    Oct 31, 2013 1:50 AM

    Triton Minerals (ASX: TON) has identified high grade large flake graphite from initial reconnaissance rock chip sampling at its Ancuabe Project in Mozambique.

    Although early days, this demonstrates the prospectivity of Ancuabe to potentially host a high grade and large flake graphite deposit.

    Laboratory analysis returned up to 9.43% total graphitic content with petrographics confirming large flake graphite with flakes up to 4 millimetres in length.

    "These are very encouraging preliminary results and they provide the Company with a further insight into the overall potential of the Ancuabe project," managing director Brad Boyle said.

    "These results continue to support Triton's initial interpretation that the Anucabe project is highly prospective for graphite as the Company looks to undertake further mapping and sampling on the project."

    He added the company is keen to build on these initial results and has started planning to expand exploration activities and consider potential synergies with neighbouring land holders.

    "Taking into account the historical graphite production at the Ancuabe mine, these are very positive results which are helping demonstrate the potential of Ancuabe project to host a high grade, coarse-flake graphite deposit," he said.

    The samples were taken from two separate areas that are over 9 kilometres apart on Licences 5380 and 5336, which make up the project.

    Future work

    Triton's next stage of exploration will better refine the area of graphite mineralisation. This will include further mapping and trenching to expand the identified zones.

    This will be followed by a drilling program to provide additional information on the structure, orientation and grades of the graphite mineralisation.

    Analysis

    While the company is focused on its Balama North project, the discovery of large flake graphite at the Ancuabe Project adds another arrow to its quiver. While only limited samples have been collected, it is a promising start given the high grade tenor.

    Efforts to look at potential synergies with neighbouring land holders might also lead to joint ventures or other collaboration that could accelerate exploration of the Project.

    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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