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Triton Minerals Ltd.
Summary
| Project: | Ancuabe | |
|---|---|---|
| Deposit: | T16 | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 2/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-2-2017: Triton Minerals Ltd. announces an Exploration/Drilling Update report for its T16 deposit at the Ancuabe project. Drilling results incl. 34m @ 7.36% TGC from 12m. Triton Minerals Limited (Triton or the Company) is pleased to advise that the secon | |
| 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 Limited (Triton or the Company) is pleased to advise that the second set of assays from recent drilling at the new Ancuabe T16 deposit have returned excellent grades over significant apparent thicknesses downhole, from near surface. Commenting on the results, Triton Managing Director, Peter Canterbury, said “Thissecond set of assay results confirm that T16 is an outstanding discovery with high grade graphite mineralisation from near surface. Visual inspection of mineralisation at surface indicates very large in situ flake size, which will be subject to metallurgical test work in the current quarter. The nature of the discovery being near surface and close to the Port of Pemba highlights the potential for low cost extraction. These exceptional assay results ensure strong exploration progress and momentum at Ancuabe following the release of maiden T16 drilling results in January 2017 (see ASX announcement dated 25 January 2017). Triton is highly confident that T16 could be developed alongside T12 to produce a high quality, easily extracted, low cost graphite project suitable for both the battery and expandable graphite markets. Triton is entering a busy period of operational activity and high impact news flow. Over the next two months we will release further assay results and metallurgical test work from T12 and T16, which will be followed by a new mineral resource for Ancuabe in Q1 2017 and a scoping study. In addition to current exploration activity, Triton is progressing wet season environmental studies to ensure development studies can be fast-tracked.” | |
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