(MENAFN- ProactiveInvestors - Australia) Triton Minerals (ASX:TON) has found more high grade graphite from current drilling with assays returning up to 30.5% Total Graphic Carbon as more results are received from the program at Nicanda Hill in Mozambique.
The RC and Diamond drilling program is providing ongoing success, which continues to validate substantial high grade graphite mineralisation at the Nicanda Hill prospect.
One diamond hole (GBND0005) returned strong and continuous graphitic mineralisation over 379 metres, including 334.7 metres at an average 7.3% TGC and ending in strong mineralisation.
Notably, the High grade zone HG1 has been extended further south to drill section S3 by drilling assay results.
Significant graphite interceptions having weighted average of TGC grades include:
- 334.7m at 7.3% TGC (GBND0005), including 82.1m at 10.3% TGC including: 8.9m at 14.4% TGC, 44.8m at 11.1% TGC, 37m at 12% TGC and 10.6m at 15.1% TGC.
Another saw 128m at 9.4% TGC (GBND0010), including 44m at 12.3% TGC.
While yet another returned 51m at 12.5% TGC (GBND0011), including 21.2m at 16.4% TGC, 10.5m at 18.2% TGC, 5m at 22.8% TGC and a 1.9m at 30.5% TGC.
The final hole saw 152m at 8.7% TGC (GBNC0035), including 16m at 13.3% TGC and 50m at 12% TGC.
All new drill holes continue to show substantial visible flake graphite and roscoellite from surface to end of hole holes and open at depth.
Overall drilling assay results were at 6.0% TGC cut-off, average 10.24% TGC.
Triton Minerals managing director Brad Boyle said: "The multiple interceptions of high grade graphitic mineralisation that are close to surface and grades of up to 30.5% TGC, once again confirms the Company's belief the Nicanda Hill prospect will become one of the world's largest graphite and vanadium deposits.
"Further, these latest drill results have continued to validate the extension of the previously identified multiple high grade zones, that are present along the entire mineralisation strike length of 4.8kms and have been identified at surface to depths in excess of 400 vertical metres.
"The fundamentals of this quality multi-element project continue to improve with the completion of each and every drill hole."
Nicanda Hill
Triton has completed approximately 75% of the current exploratory drilling program on Nicanda Hill with 50 reverse circulation and 30 diamond drill holes finished.
The majority of these holes have finished in strong graphitic mineralisation and are open at depth.
The company confirms during this drilling program the average hole depth for the reverse circulation drill holes was 150 metres and 200 metres for the diamond drill holes.
It noted that a number of the graphitic intercepts in these latest drill results are above 15% TGC and close to surface, including 11.8m at an average of 16.8% TGC in diamond drill hole GBND0010 and 21.2m at an average of 16.4% TGC, 10.5m at an average 18.2% TGC, 5m at an average of 22.8% TGC and 1.9m at an average of 30.5% TGC in diamond drill hole GBND0011.
All high grade intercepts at depth can be projected to either surface or to the base of overburden that on average is only 2 metres thick.
These strong drill results continue to reaffirm Triton's belief that the graphite mineralisation intensifies and strengthens towards the north of the mineralisation footprint.
The drilling results have also returned multiple very high grade graphite intercepts close to surface from across the whole of the Nicanda Hill mineralisation footprint of up to 30.5% TGC.
These results continue to indicate the strong presence of graphite and vanadium and Triton is confident of further high grade interceptions.
So far, just 35% of the reverse circulation and diamond drilling assay results have been received back from the laboratory.
A full-suite ICP analyses including vanadium on all samples are now in progress in laboratories in both South Africa and Australia.
A total of 1,767 assay results have so far resulted in an overall average grade of 10.24% TGC for the Nicanda Hill prospect at the 6% TGC cut-off.
These drilling results once again continue to reaffirm the Triton's interpretation of the strong and continuous graphite and vanadium mineralisation over a strike-length of 6.2 kilometres.
Current and Future Work
The current drilling program continues to focus on the northern section of the mineralisation footprint and to the ridges where the highest VTEM response was received.
Triton confirms these latest reverse circulation and Diamond drill holes continue to show substantial visible flake graphite and roscoellite from surface to the end of hole with many holes over 200 metres deep and open at depth.
These drilling results reaffirm and show strong graphitic mineralisation from surface in the northern section of the mineralisation footprint and with less internal dilution from a reduced number of gneiss (non-graphitic) bands.
The assay and visual drilling results continue to confirm strong graphite and vanadium occurrences over substantial thicknesses across the entire mineralisation footprint.
Within the Nicanda Hill footprint, continuous graphite and vanadium mineralisation has been further demonstrated, both by assay, costean trenching and the logging of drilling samples, over the 4.8 kilometres strike-length.
This mineralized strike-length is expected to increase with further drilling to the north.
Initial metallurgical and mineralogical testwork is almost complete with the company now waiting for the graphite flake size distribution analysis from ALS Laboratory Group (Adelaide).
A further bulk sampling program of at and near-surface higher grade material has also commenced to provide a better representation of the overall Nicanda Hill graphite-vanadium mineralised material.
Analysis
Drilling at Nicanda Hill is proving a bountiful catch indeed. All new drill holes continue to show substantial visible flake graphite and roscoellite from surface to end of hole holes and open at depth which is significant. While it would be easy to become blasé about the ongoing results, the program is proving its mettle.
A number of the graphitic intercepts in these latest drill results are above 15% TGC and close to surface. In fact, all high grade intercepts at depth Triton has projected to be either surface or to the base of overburden that on average is only 2m thick.
Promisingly, latest drill results confirm the presence of multiple high grade graphite zones that are continuous and extend along the entire length of the mineralisation footprint for a several kilometres from surface to depths in excess of 400 vertical metres.
With only 35% of RC and Diamond drilling assay results received back from the SGS South African laboratory to date, there looks to be more upside in store based on drilling to date.
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