africa commodities Economy FDI Graphite Mining Mozambique

Mozambique: Triton confirms continuity of graphite mineralisation at Ancuabe

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These positive results further confirms the quality of the Ancuabe project.

Triton Minerals Ltd (ASX:TON) has revealed further significant drilling results as part of the feasibility study for its flagship Ancuabe graphite project in Mozambique.

Importantly, five infill diamond drilling holes drilled across the centre of the deposit have all demonstrated continuity of graphite mineralisation with significant thickness and depth.

Standout results from the diamond drill holes are:

  • 14.4 mt at 9.3% total graphitic carbon from 34.8 metres downhole;
    12.0 mt at 10.0% total graphitic carbon from 55.9 metres downhole; and
    15.1 mt at 10.0% total graphitic carbon from 32 metres downhole.

Triton had delivered a maiden indicated and inferred resources in April 2017 of 8.4 mln tonnes at 7.8% total graphitic carbon for 659,000 tonnes of contained graphite.

The second phase drill programme is currently underway to extend the mineral resource and to upgrade some of the inferred to indicated category for use in the feasibility study.

Significantly, these positive results further confirm the quality of the Ancuabe project and the potential to produce high purity graphite for the expandable graphite market.

To date, the 2017 infill and exploration drilling program has comprised of 49 holes for 3,067 metres including 25 diamond drill holes for 1,935 metres and 14 reverse circulation holes for 1,132 metres.

The final phase of resource drilling will be completed in August 2017.

Source: ProactiveInvestors


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