TRITON MINERALS LIMITED 
By 
Triton Minerals Managing Director Brad Boyle said "This diamond drill hole has again confirmed the world class potential of the Balama North project. To intercept an astounding 316m cumulative width of graphite mineralization in a single drill hole and this mineralisation remains open at depth is a very exciting result.
The potential of the Nicanda Hill prospect continues to rapidly expand as the drilling has already identified exceptional graphite widths and extents. The extents of the graphite mineralisation intersected in drilling, continues to correlate well with the zone of high electrical conductivity defined by the VTEM survey data.
If Triton is able to show continuity of graphite mineralization in this zone then this project could establish new benchmarks for world-class graphite deposits. The next question for Triton is just how big will the graphite mineralization zone at Nicanda Hill prospect become, as true extent of this zone is yet to be fully drill tested and realised?"
The current phase of the reverse circulation and diamond drilling on the Balama North project continues on the Nicanda Hill prospect in License 5966. The program is designed to test the width and potential continuity of the interpreted graphitic zone as suggested by the conductive zones identified in VTEM survey and as illustrated in Figure 3 below.
The recent drill results dramatically expand the depths and width of the defined graphite mineralization zone on the Nicanda Hill prospect, with the zone remaining open to the north, south and west.
Triton has completed nine (9) RC drill holes and one (1) diamond hole in the current drilling program on the Nicanda Hill prospect (Figure 1 in link below). Tables 1 and 2 provide the drill hole details and geology for all the RC and diamond drill holes completed to date at the Nicanda Hill prospect.
In November 2013, the Company completed two diamond holes TMBD0005 and TMBD0006 on drill line N2. In 2014, the Company has extended the drill coverage on line N2 with four RC holes (GBNC004 to GBNC007) and diamond hole GBND0001 (see Figure 1 in link below).
Diamond hole GBND0001 intersected graphite schist for a cumulative drilled width of 316m, with narrow intervals of non-graphitic tonalite gneiss over the total drilled length of 371.65m (Figure 1 and Table 2 in link below).
The drill hole was terminated in graphite schist leaving it open at depth. This deep intersection of graphite mineralization in GBND0001 builds on the 220m cumulative width of graphite mineralisation returned in the adjacent RC drill hole GBNC0005, and announced by Triton on 19 May 2014.
The oriented diamond core from holes TMBD0005, TMBD0006 and GBND0001 shows the graphite schist generally dips to the northwest with local folding evident. On this basis, the Company believes the graphite mineralisation potential continues down dip to the northwest to considerably greater depths than already intersected in GBND0001 (371.65m total hole depth).
Presently the drill holes on drill line N2 demonstrate 750m of graphite mineralisation at surface and over 300m vertically. Additional holes are planned to the northwest of hole GBNC0007, to close off the zone of graphite mineralisation on drill line N2.
Drill line N1 is located approximately 400m southwest of line N2, and drill line S1 is 800m southwest of line N2 (see Figure 3 in link below).
The drilled graphite mineralization intersections correlated well with the zone of high electrical conductivity defined by the VTEM survey data. The inversion modelling of the VTEM data interpreted the graphite mineralisation to extend beyond 150m depth below surface. The deep intersection of graphite mineralisation in GBND0001 lends further support to this interpretation. Graphite mineralisation to these depths exceed the Company's original target expectations and the Company is excited by the fact that the zone still remains open to the northwest.
Furthermore, the Company is yet to drill on of the ridge of Nicanda Hill, which has an elevation of more than 50m above the collars of the drilled holes.
To date the trenching and drilling at Nicanda Hill prospect has demonstrated graphite mineralization over 1.75km between drill line S1 and Trench 2 (Figure 3).
The Company is looking to extend the known extents of the graphite mineralisation on the Nicanda Hill prospect with further drill testing of the 5km long high electrical conductivity zone defined by the VTEM survey data.
The graphite mineralisation at Nicanda Hill has been previously shown to include high graphite grades of up to 28.6% graphite carbon (17m down hole in TMBD0005; announced by Triton on 22 January 2014). The RC and diamond core samples from the recent drilling are currently being prepared for delivery to the laboratory.
Initial comparisons of the graphite mineralisation intersected in the RC and diamond holes drilled in 2014 and the holes TMBD0005 and TMBD0006 drilled in 2013, suggest the graphite mineralization is visually very similar.
IMPLICATIONS
These latest drill results continue to confirm the Company's belief that the Balama North project can potentially host a market leading and world class graphite deposit. It is anticipated that this drilling will provide the necessary data to estimate a Mineral Resource for this prospect by early 2015.
Triton is optimistic that the current drill program will delineate various continuous high grade graphite mineralised zones at the Nicanda Hill prospect and in doing so could possibly make the Balama North project one of largest high grade graphite projects in the world.
Triton is extremely confident of continued exploration success and is looking forward to providing further exploration updates to the market, as the information becomes available.
To view tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-679803.pdf
About Triton Minerals Limited:
Triton Minerals Limited (ASX:TON) is an ASX listed, responsible mineral explorer and resource management company headquartered in Perth, Australia.
The Company applies innovative exploration techniques to geologically fertile areas in Australia and elsewhere in the world enabling quick and precise detection of the next generation of economic mineral resources.
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.
Source:
Triton Minerals Limited
Contact:
Triton Minerals Limited Brad Boyle T: +61-8-6489-2555 F: +61-8-9388-1252 WWW: www.tritonmineralsltd.com.au
