Triton Managing Director Brad Boyle said “The Company is excited with the discovery of the new graphitic outcropping in the Balama South project. This initial small exploration program was about a proof of concept that the Balama South project was a long strike potential from our key Balama North project.
The outcropping has once again confirmed our original analysis and it appears that both projects are situated on the same north east trending substructure, with both project areas hosting large flake graphite and roscoellite. The outcropping zone now provides the Company with very clear exploration target areas in the Balama South project.
Airborne geophysical (VTEM) surveys are an effective exploration method when delineating graphite mineralisation. The Company has seen a very strong correlation at the Balama North project between the VTEM data anomaly and the positive drilling results confirming and delineating the very large graphite mineralisation zone. Triton will undertake an airborne geophysical survey over the very large Balama South and Ancuabe project areas with the objectives of confirming larger trends of graphitic mineralisation. Given the rough terrain and sometimes limited access in parts of the project areas, the Company feels this method will help Triton to quickly and cost-effectively refine current and identify new potential graphite mineralisation zones.”
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