Triton Minerals Ltd High Grade Vanadium Intersections at Cobra Plains Prospect, Balama North Project
Triton Minerals Limited (ASX: TON, „Triton‰, „the Company‰) advises in addition to the Company‚s announcement on 11 September 2013, about the high grade graphite interceptions, further analysis of the drilling results from the July drilling program on License 5365 in the Balama North Project, shows a number of high grade vanadium interceptions.
Triton Managing Director Brad Boyle said „Again these drilling results are very pleasing and it is great to see the high grade vanadium results following up from last weeks announcement about the high grade graphite results.‰
„As a first pass wide spaced drilling program these drilling results are very encouraging for both graphite and vanadium. These results continue to build the Company‚s confidence in the potential of strong multi-element mineralisation, along the north-east-trending graphitic zone which extends approximately 3km in length, identified on the Cobra Plains prospect in the Balama North Project. The drilling program has intersected numerous high and medium grade vanadium zones, extending over the 3km area. Vanadium can be economic to mine at a 0.05%, so intercepting numerous very high grades of vanadium mineralisation with grades of up to 0.36% is again an exceptional result.‰
„We look forward to results from the next stage of the drilling program which will consist of both reverse circulation and diamond drilling with the aim of better defining and increasing the known graphite zone in the Balama North Project,‰ Boyle adds.
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