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Triton Minerals Ltd.
Summary
| Project: | Ancuabe | |
|---|---|---|
| Deposit: | T16 | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 1/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-1-2017: Triton Minerals Ltd. announces an Exploration/Drilling Update report for its T16 deposit at the Ancuabe project. Drilling results incl. 45m @ 9.7% TGC from 12m . Triton Minerals Limited (TON or the Company) is pleased to advise that the first a | |
| 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 (TON or the Company) is pleased to advise that the first assays from recent drilling at the new Ancuabe deposit T16 have returned the highest ever grades seen at Ancuabe, over significant thickness from near surface. “The first drilling results at T16 are outstanding given the very high grade and mineralisation is near surface, which indicates the prospectivity of the T16 deposit and potential for low cost extraction. The drilling was undertaken under the supervision of CSA Global, a leading independent expert in the sector. Visual inspection of ore at surface indicates very large in situ flake size, which will be subject to metallurgical test work in the current quarter. These exceptional high-grade assay results make us highly confident that T16 could be developed alongside T12 into a high quality, easily extracted, low cost graphite project suitable for both the battery and expandable graphite markets. These high-grade results at T16 follow positive metallurgical testwork results from T12 (refer ASX announcement dated 19 December 2016), positioning Ancuabe very favourably in both grade and metallurgical recovery. We look forward to releasing an updated mineral resource for Ancuabe in Q1 2017. Triton is currently completing the necessary work in order to announce a maiden Mineral Resource for the T16 deposit at its Ancuabe Graphite Project in Mozambique. This follows the 2016 drilling programme, which intersected visually-logged high-grade graphite mineralisation over significant apparent thicknesses at T16. The latest assay results have confirmed the graphite content logged visually during both RC and diamond drilling programs. | |
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