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.
TON Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
