www.tritongold.com.au
Triton Gold (ASX: TON) is a mineral explorer and resource management company headquartered in Perth, Australia. The Company applies exploration techniques to geologically fertile areas in Australia and elsewhere in the world that enable quick and precise detection of the next generation of economic mineral resources.
They hold the rights to explore for gold on Poseidon Nickel’s Windarra project tenements (Laverton WA), which have historically had a nickel focus.
Triton Gold readies for much anticipated exploration work at Salmon Gums
With the go ahead for the $690 million development of the +5Moz Tropicana Gold Project by AngloGold Ashanti / Independence Group, Triton Gold's (ASX: TON) Albany Fraser Province exploration program in January 2011 has gained new impetus following completion of the local grain harvest.
Work to date by Triton has identified large scale gold in soil anomalies, with gold values similar to or greater than those at the Tropicana deposit.
Triton's main objective is to discover mineralisation similar to Tropicana in the Salmon Gums, Fraser Range North, Cundeelee and Neale gold projects.
Salmon Gums initial deep drilling completed had indications of primary gold mineralisation, intersecting up to 5.4 g/t gold at Lady Penrhyn. Interestingly, this drilling only covered a small part of the aircore and soil gold anomalies.
Triton has one of largest land positions in the Albany Fraser Province behind AngloGold Ashanti & Independence Group.
Triton will kick off an exploration programme in January 2011 including electrical geophysics and spectral mapping to target the next round of drilling. Electrical geophysics can be used to define areas of deeper weathering, which are often associated with alteration zones.
Triton will will trial electrical geophysical methods over a 12skm area at the Lady Penrhyn and Sirius prospects that was the focus of widely spaced air core drilling, and a limited reverse circulation and diamond drilling program earlier in the year.
If the trial surveys are successful, Triton said the area will be covered with a more detailed infill survey to define targets for follow-up reverse circulation drilling, which potentially could commence in mid-February 2011, followed by confirmatory diamond drilling if required.
Concurrently, rotary air blast drilling will be undertaken on a previously untested calcrete gold soil anomaly, Titanic, located 45km north of Lady Penrhyn near the northern limit of the Salmon Gums project area.
An infill soil sampling program at Titanic will also commence shortly, with results expected before year.
Neale Project
A new project north east of Tropicana, the 186skm Neal project has been added to the portfolio managed by Triton under the Tropicana Gold Belt Alliance, an agreement between Teck Australia and Triton Gold, signed in 2007. Neale is strategically located just 65 kilometres north east of Tropicana.
Neale was last explored by Iluka Resources Limited for mineral sands in Tertiary age sediments overlying Proterozoic basement.
Triton believes that the tenement is located in broadly the same structural domain that hosts the Tropicana deposits. The tenement is also transected by a significant cross structure that is considered to enhance the prospectivity of the area.
