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Market: ASX
Sector: General Mining - Gold
EPIC: TON
Latest Price: A$0.04  (0,00%)
52-week High: A$0.07
52-week Low: A$0.03
Market Cap: A$4.51M
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Triton Gold Limited
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.

Full Triton Gold Limited profile here
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Triton Gold launches gold exploration program in Albany Fraser Province

18th Jan 2011, 5:29 am

With the commencement of geophysical surveys at the Lady Penrhyn prospect, Triton Gold (ASX: TON) has kicked off the field program on the Salmon Gums Project in Western Australia.

Targets found from geophysical surveys on the Lady Penrhyn prospect on Salmon Gums will be completed by mid February 2011. Drill targets will be tested in March.

Three untested surface gold anomalies on the Salmon Gums Project will also be reconnaissance drilled at end of January using low cost, wide spaced drilling.

Triton would have been very encouraged by the Hercules high grade gold discovery recently announced by Beadell Resources (ASX: BDR), as Triton was recently granted an Exploration License at the Neale Project (Exploration Licence E69/2764), 14 kilometres east of Hercules and 65 kilometres north east of the Tropicana Gold Project.

The Neale Project (186 sq km) has been added to the Triton portfolio under the Tropicana Gold Belt Alliance, an agreement between Teck Australia Pty Ltd. and Triton signed in 2007.

Likewise, the recent announcement of the go ahead for the $690M development of the +5Moz Tropicana Gold Project by AngloGold Ashanti / Independence Group adds impetus to Triton’s priority objective to discover similar gold mineralisation on the Salmon Gums, Fraser Range North, Cundeelee and Neale Projects.

Triton’s priority is to discover similar gold mineralisation on the Salmon Gums, Fraser Range North, Cundeelee and Neale Projects that are all located within the AngloGold dominated Albany Fraser Province.

The project has potential to host north-east striking shear zones parallel to the interpreted mineralised zones at Hercules and Tropicana.

Previous surface soil sampling by Iluka Resources (ASX:ILU) at Neale showed anomalous gold in open file data.

Planning for access to the Neale Project area will commence this quarter, including consultation with the traditional owners.

Triton's share purchase plan will invite shareholders to subscribe for ordinary shares at a price of 13 cents per share and will close Friday, 21 January 2011.

The funds will be used for working capital for the 2011 exploration programmes.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.