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Triton Minerals Limited (ASX:TON) provide the Quarterly Activities Report for the period ending June 2014. Significant highlights from the Graphite project in Mozambique are included.
MOZAMBIQUE - Cabo Delgado Province
- Triton executed an agreement with Grafex Limitada to acquire the remaining 40% interest in all of its Mozambique graphite projects.
- Reported results continue to demonstrate multiple high grade graphite zones of substantial widths along the entire length of all drill holes completed to date at the Nicanda Hill prospect.
- Recent results dramatically expand the known mineralisation zone and demonstrates good continuity and consistency in the graphite mineralisation over a considerable distance.
- Graphite mineralisation at Nicanda Hill prospect has shown a horizontal width at surface of an exceptional 1,000m and still remains open to the northwest.
- Further, the mineralisation is up to 500m downdip and open at depth with a proven strike length of 3.2km between the holes.
- The assay results to date are demonstrating average grades 13.7% Total Graphitic Carbon (TGC) using a 10% cut off.
- Assay results of HG1 demonstrate average grades above 17% TGC.
- Additional drilling results have delineated newly identified higher grade zones, such as HG2 and HG3.
- Drilling is now focused on testing the continuity of the multitude of interpreted high grade zones.
- Refined Scoping Study now expanded to include the recent Nicanda Hill results.
- Excellent correlation between the drilling results and the VTEM survey data anomaly.
- Additional metallurgical work underway to refine the graphite recovery process and reviewing options to see if graphite concentrate can be upgrade
- Further, additional testwork is underway to review the Vanadium potential at the Nicanda Hill prospect.
CORPORATE
- Mr Michael Brady appointed as a General Counsel & Company Secretary.
- Ms Paige Exley appointed as full time Chief Financial Officer & Company Secretary.
- Annual General Meeting of Shareholders held in May 2014.
- Attendance at Mining on Top: Africa, conference in London.
- Successful $8.5 million capital raising.
To view the full quarterly report and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-685679.pdf
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