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Triton Minerals Ltd.
Summary
| Project: | Ancuabe | |
|---|---|---|
| Deposit: | Ancuabe | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 12/16/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-12-2016: Triton Minerals Ltd. announces a Resource Estimation report for its Ancuabe deposit at the Ancuabe project. New Exploration Target for project: 25-40Mt @ 5-8% TGC at Ancuabe. Triton Minerals Ltd (ASX: TON) (Triton or the Company) is pleased to | |
| Resources: | (Resource, Inf.): 14.9Mt @ 5.4% TGC at T12 deposit | |
| CP/QP: | [Overall Report]: Dr. Andrew Scogings (CSA Global Pty Ltd.) | |
| ABSTRACT: | Triton Minerals Ltd (ASX: TON) (Triton or the Company) is pleased to announce that it has identified potential for significant resource growth of the flagship Ancuabe Graphite Project in Mozambique beyond the existing T12 deposit. Triton has recently conducted extensive drilling with a view to updating the T12 Mineral Resource (Inferred Mineral Resource of 14.9 Mt grading 5.4 % Total Graphitic Carbon reported in May 2016; refer to Triton, 2016a below) and will include results from drilling at the T16 prospect into any updated resource model early next year. The Company has also completed a review of VTEM data over the Ancuabe project area. This review, backed up by drilling of three targets, has resulted in the estimation of an Exploration Target of approximately 25 to 40 million tonnes grading approximately 5% to 8% Total Graphitic Carbon (TGC) mainly to the east of T12. This Exploration Target excludes the T12 deposit and its existing Inferred Mineral Resource. An Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Relevant background to the estimation of this Exploration Target is included in the text below and in JORC Table 1, attached as Appendix 1. | |
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