Triton Gold is
listed on the ASX
 
Sydney, Australia — 27 February 2013 – Australian mining company Triton Gold has hired Perth Jigsaw Geoscience in order to launch the first phase of a graphite exploration programme in the Ancuabe and Balama blocks of northern Mozambique. Triton Gold announced in a statement issued by the Australian Stock Exchange.

Macauhub News Agency reports that 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 licence and in areas that have already been shown to contain graphite.

Triton Gold announced in a statement issued by the Australian Stock Exchange here that the initial exploration programme would make it possible to gain a better understanding of the underlying geological structure and the amount of graphite that might be available. It would also help the company to prepare better for the test drilling programme due to begin later this year.

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

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

Source: Macauhub News Agency. For more information, click here.