Rapid progress is
being made at the
nearby Balama
graphite project
 
Perth, Australia — 05 July 2012 – Australian company Triton Gold has started due diligence on five graphite mining licences in Mozambique after a four-day visit to the location by specialists from South African company Geo-Consult International.

In a statement issued here the company also said the initial report from Geo-Consult supported the company’s view that the licences were highly prospective for graphite and further stated that “the permit areas are well situated in relation to an existing graphite mine and exploration projects, and constitute high quality exploration targets hosting favourable lithologies and structures”.

The Geo-Consult review has verified good access to all licence areas via the bitumen and gravel roads, and this sound infrastructure will be very important to assist the company should the Board of Directors agree to move to the next stage to develop the project areas.

Source: Triton Gold. For more information, click here.