Triton Minerals Limited Outstanding Graphite and Vanadium Results from Nicanda Hill

Perth, Australia (ABN Newswire) - Triton Minerals Ltd. (ASX:TON) ("Triton", "the Company") is pleased to confirm the next series of assay results from the RC and Diamond drilling program, that continues to confirm substantial graphite mineralisation and the extension of multiple high grade graphite zones, whilst showing a strong presence of vanadium over considerable distances throughout the graphite mineralisation zone at Nicanda Hill.

Triton Minerals Managing Director Brad Boyle said "Once again these are exceptional drilling results confirming Triton's belief in the Balama North project. With the presence of both high grade graphite and vanadium, the Nicanda Hill prospect continues to deliver on every front and is currently looking to grow into one of the largest graphite projects in the world and now appears to have additional potential in light of these recent vanadium results."


Diamond Hole (GBND0001) Results

On 4 June 2014, Triton announced that Diamond hole GBND0001 had intersected graphite schist for a cumulative drilled width of 316m, with narrow intervals of non-graphitic tonalite gneiss over the final drilled length of 372.7m.

The Company is pleased to advise that the key assay results have now been received over the priority 155-231m interval only for diamond hole GBND0001, showing some very good interceptions of the graphite mineralisation with weighted average graphite grades up to 18.3% GrC. Note that the compositing criteria currently utilized includes up to 2m of internal waste (grades below cut off) and thus reported average grades are diluted to this extent.

As interpreted and modelled by Triton, diamond hole GBND0001 has once again verified the presence of the target zone of HG1 (Figure 1 in link below). This high grade graphite zone contained a weighted average graphite carbon of 37.3m at 11% GrC, including higher grades including intersects of 2m at 20.3% GrC.


Vanadium Results

Triton confirms receipt of assay results that are testing for vanadium content in the drill core samples from the current RC drilling program. Only a limited number of samples have been analysed to date, with the rest of the drill samples yet to be tested.

The initial limited testing program consisted of 383 samples. The analytical results to date show, at 0.05%V cutoff grade, the weighted overall average for the vanadium is 0.13% which is an equivalent to 0.23% of V2O5 (Vanadium Pentoxide).

The vanadium results are very encouraging and some of the assay highlights obtained during this process include vanadium grades of up to 0.36%, which is equivalent to 0.64% of V2O5.

Triton confirms all drill cores from Nicanda Hill show the presence of roscoellite and as such the Company has undertaken a systematic multi-element assaying program to assess the potential for economic concentrations of vanadium in all drill samples obtained to date. Triton is keen to see whether these strong initial vanadium results can continue to be replicated in the rest of the drill core samples.

Due to these encouraging initial vanadium results, which in some cases occur over intervals of up to 80m (Appendix 3), Triton will expand the current metallurgical test work program to review and incorporate options, looking at whether the vanadium can be recovered economically from the Nicanda Hill prospect drill core samples and what extraction methods would be considered appropriate to achieve this outcome.

Exploration Drilling Highlights

The Company announced on 22 January 2014 that the diamond drilling results from November 2013, confirmed numerous occurrences of high grade graphitic mineralisation at the Nicanda Hill prospect at and just below surface and continuing to depth, with very high grades of up 28.6% graphite carbon intersected only 17m down hole in TMBD0005.

Triton confirms the graphite results received to date during this current RC and Diamond drilling program continue to be very encouraging. In the current drilling program there have been multiple intersections of high grade graphite of up to 20.3% (Table 3 in link below).

To date, the results from the current RC and Diamond drilling program have returned overall graphite grades of 12.6% GrC using a 10% cutoff grade. For further information please refer to Appendix 1 in link below.

The drilled graphite mineralization intersections continue to correlate well with the zone of high electrical conductivity defined by the VTEM survey data. The Company is yet to drill on the western slopes of the Nicanda Hill topographic high, which appears to give rise to an intense VTEM response. Recent survey data confirms that the peaks of the Nicanda Hill has an elevation of more than 90m above the height of collars of the current drilled holes.

These latest results confirm the Company's belief that the graphite mineralisation potential continues down dip to the northwest to far greater depths than already intersected in GBND0001 and the Company is excited by the fact that the zone still remains open to the northwest.

The results from GBND0001 reinforces the Company's belief that the Balama North project can potentially host a market-leading and world class graphite deposit.

Triton has already delineated a graphite zone at the Nicanda Hill prospect that is 1000m wide, over 400m deep and 3.2kms long with multiple high-grade graphite zones with several that have a true zone width of up to 90m.


Extension of RC Drill Hole GBNC0010

Triton confirms that RC drill hole GBNC0010 was drilled in the early stages of the RC drilling program, prior to the identification of HG1 zone at the Nicanda Hill prospect.

As previously announced 27 July 2014, GBNC0010 intersected 84m at 9.6% GrC. In order to test the interpretation of the various high grade graphite zones, including the continuation of the HG1, the Company undertook to extend the RC drill hole with a diamond tail from 150m to a total hole depth of 291m.

Triton confirms that, based on visual logging of the drill core, the hole has intersected a cumulative total of 237m graphite mineralisation from close to surface, finishing in graphite mineralisation and remains open at depth (Figure 3 in link below).

Based on the logging of the drill core the Company also verifies that RC drill hole GBNC0010 confirms the presence of the HG1-zone host-lithology in the predicted target zone. Assay results are still pending for the remainder of GBNC0010 diamond drill core.

To view all tables, figures and charts, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-686686.pdf


About Triton Minerals Limited:

Triton Minerals Ltd. (ASX:TON) is an ASX listed, responsible mineral explorer and resource management company headquartered in Perth, Australia.

Led by a highly experienced management team, Triton Minerals' vision is to grow shareholder's value through discovery or development of base metal, gold and other precious metal deposits.

Triton has made excellent progress with its three Graphite projects located in the Cabo Delgado Province in Mozambique, with the program successfully identifying a number of graphitic exposures.

It is the Company's belief that the Mozambique, Balama North Project could host multiple and very substantial world class graphite deposits.



Contact:

Triton Minerals Ltd.
Brad Boyle
T: +61-8-6489-2555
F: +61-8-9388-1252
www.tritonmineralsltd.com.au