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 raises A$1.3m in placement for Salmon Gums, launches A$1.7m SPP
To advance exploration at the Salmon Gums Gold project in the highly prospective and proven Albany Fraser Province, Triton Gold (ASX: TON) has completed a A$1.3 million placement, and has launched a $1.7 million SPP.
The placement comprised 10 million shares at $0.13 to raise $1.3 million.
The SPP will be offered at the same price, to raise a maximum of $1.7 million, equivalent to around 13 million new shares.
Triton's Salmon Gums exploration target has strong potential to identify gold, due to the location within the Albany Fraser Province, which hosts the AngloGold Ashanti-Independence Tropicana deposits which hold over 5 million gold ounces, with development imminent after the $690 million development was given the go-ahead recently.
Also, Triton has one of largest land positions in the Albany Fraser Province behind AngloGold Ashanti & Independence Group.
The next phase of work by Triton at Salmon Gums will include geophysics and continued drilling.
BGF Equities is the lead manager of the capital raising.
