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  • Triton Minerals Finds High Grade Graphite At Nicanda Hill Prospect 0 comments
    Nov 4, 2013 1:08 AM

    Triton Minerals (ASX: TON) has discovered graphite grading up to 17.6% total graphitic carbon from rock chip samples collected during the recent mapping program on Nicanda Hill Prospect in the Balama North Project in Mozambique.

    Intriguingly, the results could mean that Nicanda Hill is a potential continuation of the graphitic mineralisation zone intersected in drilling on the Cobra Plains prospect, recently.

    The laboratory results from the seven rock chip samples collected at Nicanda Hill returned medium and high grade graphite results, including the 17.6% total graphitic carbon.

    This would support an interpretation that the Nicanda Hill prospect is clearly highly prospective to support a high grade and large flake graphite deposit.

    As well, that the ongoing exploration results will lead to a definition of a JORC resource at Balama North Project in the near future.

    As Triton managing director Brad Boyle put it, "These are very positive results which assist the company to develop a better understanding of the overall composition of the graphitic mineralisation on the Nicanda Hill Prospect.

    "Triton has completed further reconnaissance geological mapping on the Nicanda Hill prospect. These rock chip results are significant.

    "They show high grades of graphitic mineralisation, of up to 17.6% total graphitic carbon and large graphite flake sizes up to 1mm in length confirmed by petrographic analyses."

    "These results continue to support Triton's initial interpretation that the Nicanda Hill prospect is highly prospective for graphite and the potential continuation of the graphitic mineralisation zone intersected in drilling on the Cobra Plains prospect."

    Background of results

    The samples were obtained over a single pass across graphitic exposures on Nicanda Hill on Licence 5966, on the Balama North Project.

    While there were a limited number of samples obtained and tested to date, these results are encouraging and help to support Triton's interpretation about the potential prospectivity of Nicanda Hill Propsect to host a high grade and large flake graphite deposit.

    With the approach of the wet season, Triton will drill two diamond drill holes on the southwest flank of Nicanda Hill which can be accessed immediately.

    The aim is of the drill program along with the mapping and trenching is to provide an initial test of the potential of the Nicanda Hill prospect and lead to a comprehensive exploration program in 2014.

    Inferred Resource and Scoping Study

    In conjunction with the drilling, mapping and trenching results, Triton confirms the petrographic, assay and metallurgical results will advance the project with the objective to seek to define an inferred resource and soon thereafter undertake a scoping study on the Balama North Project.

    These latest results would provide Triton with further confidence in the graphite prospectivity of both the Nicanda Hill and Cobra Plains prospects and continues to increase the overall potential of the Balama North project to host multiple high grade large flake graphite deposits.

    Follow up

    Further geological mapping, trenching and diamond drilling is planned to follow up these results. It will undertake metallurgical analysis of samples, to obtain a better understanding of the composition and recoveries for both graphite and vanadium from both the Nicanda Hill and Cobra Plains prospects on the Balama North Project.

    Analysis

    That the Nicanda Hill prospect is a potential continuation of the graphitic mineralisation zone intersected in drilling on the Cobra Plains prospect provides promise. With the aim of defining an inferred resource from all of the exploration work at Balama North provides a catalyst as does the objective to undertake a scoping study soon after.

    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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