Triton discovers graphitic mineralisation at Nicanda Hill prospect, Australia

19 May 2014 (Last Updated May 19th, 2014 18:30)

Australia-based Triton Minerals has discovered graphitic mineralisation in the early stage of the RC drilling programme on Nicanda Hill prospect, in the Balama North project in Australia.

Triton_Minerals

Australia-based Triton Minerals has discovered graphitic mineralisation in the early stage of the RC drilling programme on Nicanda Hill prospect, in the Balama North project in Australia.

The RC drilling programme is designed to test the width and continuity of the interpreted graphitic zone.

Triton has so far completed six RC drill holes on the Nicanda Hill prospect as part of the initial phase, which is still underway.

Triton Managing Director Brad Boyle said the highly anticipated and prospective Nicanda Hill prospect continues to improve on the encouraging results obtained in 2013.

"This is an impressive beginning to the current drilling programme, with significant visual identification of graphite mineralisation in all drill holes completed to date," Boyle said.

The current drilling programme is focused around two diamond holes, TMBD0005 and TMBD0006, found in November 2013 at the Nicanda Hill prospect.

"The potential of the Nicanda Hill prospect continues to rapidly expand with the completion of each drill hole."

As per the current drilling results, the graphite mineralisation zone is around 750m-wide, more than 200m-deep, with a strike length of more than 5km.

Boyle said that discovering a 220m intersection of graphite mineralisation in a single drill hole with the true extent of the mineralisation yet to be fully tested is a very exciting outcome for the company.

"The potential of the Nicanda Hill prospect continues to rapidly expand with the completion of each drill hole. Triton believes these results are just a precursor to the true, untapped potential of this very large world-class graphite project, and is yet to be fully demonstrated and realised," Boyle added.

The RC drill samples are currently being complied and finalised, following which they will be transported to the SGS Laboratories in South Africa, which is expected to give results by the end of June.


Image: The Nicanda Hill prospect in Australia. Photo: courtesy of Triton Minerals Ltd.

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