Australia’s Triton Gold launches graphite exploration in Mozambique

27 February 2013

Australian mining company Triton Gold has hired Perth Jigsaw Geoscience in order to launch the first phase of graphite exploration in the Ancuabe and Balama blocks, in northern Mozambique, Triton Gold announced in a statement issued by the Australian Stock Exchange.

Under the terms of the contract, Jigsaw Geoscience will provide support to Triton Gold in its cartography, sample collecting, and excavation programme focusing initially on the Balama Norte license and in areas that have already bee shown to contain graphite.

In the statement Triton Gold sad that the initial exploration programme will make it possible to gain a better understanding of the underlying geological structure and the amount of graphite that may be available.

It will also help the company to better prepare for the test drilling programme due to begin this year.

Triton Gold has five mining licenses for graphite exploration, and Balama Norte is just 3 kilometres from the huge Balama Este graphite deposit, which is explored by Australia’s Syrah Resources.

A report drawn up last year by South Africa’s Geo-Consult International noted that the licenses had good prospects for discovering new graphite deposits as they had geological structures that were favourable for the mineral. (macauhub)