The Fraser Range North project is held 100% by Triton Gold and is subject to the terms of the Tropicana Gold Belt Alliance Agreement between Triton Gold and Teck Australia Pty Ltd. The project covers 354 square km over the juncture between the Kurnalpi Terrane, which include the large-scale Claypan and Pinjin Faults in the Yilgarn Craton, with the Albany-Fraser Province.

Imaged gravity data of the greater Fraser Range North area. Triton Gold tenements shown in pink. Prospects shown include Nimpkish, Kicking Horse and Similkameen (Triton); Socrates, Theofrastus and Hericlitus (Sipa Resources); and Beachcomber (Anglogold Ashanti).

Soil samples shaded by gold value on the Fraser Range North project.

Calcrete soil sampling has been completed over the project area on a variable grid spacing of between 2km and 250m. Seven discrete coherent gold–in-soil anomalies have been tested by air core drilling between 2008 and 2010. Those prospects with negligible gold or alteration detected in the basement rocks have subsequently been dropped from the project.

The Company is currently focussing exploration efforts on the Nimpkish prospect, following the definition of an approximately 4.5km by 3km coherent surface gold anomaly from infill soil sampling completed in 2010. The anomaly includes a local high gold soil sample value of 0.4g/t.

Broad spaced air core drilling (60 holes for 1,895 metres at 1000m x 250m hole spacing) was conducted in mid-2010 as first-pass testing for a gold mineralisation system in the Nimpkish basement rocks. This drilling intersected greenstone rocks believed to be part of the Yilgarn Craton that was deformed during the convergence of the Albany-Fraser Province. Reworked parts of the Yilgarn Craton are considered highly prospective for significant gold mineralisation based on the relative position of the Tropicana deposit, and other major gold deposits globally.  The drilling also intersected alteration typically associated with gold mineralisation and an encouraging gold intersection of 4m @ 113ppb Au (including 1m @ 376ppb Au) was returned from hole FRA0533. Further exploration planned for 2011 will include infill drilling around areas of detected alteration, and to extend the drill coverage to test the western and northern limits of the Nimpkish soil anomaly which terminate at the transition to surficial sediment cover related to salt lakes.