|
Triton Gold Ltd has selectively assembled a balanced portfolio of gold assets in the Albany-Fraser Province and Yilgarn Craton in Western Australia, and in the Tintina Gold Belt in Alaska.
Albany-Fraser Projects – Fraser Range North, Salmon Gums and Cundeelee
The Company’s Albany-Fraser Projects were selectively acquired because their positions overlap the intersections of major and historically productive faults of the Yilgarn Craton and the Albany-Fraser Province, which is deemed by the Company to be geologically significant. The Company’s surface geochemistry and early stage drill testing results at both Salmon Gums and Fraser Range North Projects are comparable to those returned at the early stage exploration of Anglogold-Ashanti-Independence Group’s Tropicana deposit (comparison from data made publicly available),. The acquisition of these Projects and application of exploration techniques culminated in an alliance with Teck Australia Pty Ltd (formerly Teck Cominco Australia Pty Ltd).
Yilgarn Craton Projects – Windarra Project and Sunday Project
Triton Gold Ltd has entered into an agreement with Poseidon Nickel Ltd to acquire the gold rights to the Windarra Project in the Laverton district in the Yilgarn Craton, Western Australia. This agreement includes acquisition of the Windarra tailings dam asset and first right to negotiate for gold rights in future tenement acquisitions made by Poseidon Nickel over a five year period. The Windarra area is the site of the original Poseidon Nickel Ltd discovery in 1969. As a result, the area has largely been explored for nickel only, with very little gold exploration known to have been completed immediately within the project area. This is despite the Laverton district being host to significant gold deposits such as Wallaby (greater than 5MOz resource) and Sunrise Dam (greater than 7MOz resource).
Triton Gold Ltd holds an option/earn-in agreement over the Sunday Project with Hannan’s Reward Ltd. The Sunday Project represents a low cost, mid-stage exploration project with well defined narrow high-grade vein style targets with existing results supporting this model. In particular, recent work by the Company suggests that mineralisation plunges to the south of the historic Sundat pit where only very shallow drilling has been completed to date. Additional targets with gold and lithogeochemical anomalism have been identified for drilling in the near term.
Tushtena Project (Alaska)
Triton Gold has an earn-in agreement with Tushtena Resource Inc. in respect to the Tushtena Project located at the edge of historic and currently productive Tintina Gold Belt in Alaska, which is host to such world class deposits as Pogo (greater than 5Moz – Teck Ltd). The early stage exploration on the Tushtena Project has identified a corridor of greater than 4km strike length of what the Company believes to be very significant gold anomalism in soils and rock chips. Within this corridor are coherent areas greater than 1km in length at above 250ppb gold in soils (with smaller coherent areas above 1g/t gold in soils) and numerous rock chip samples grading above 5g/t gold and up to 1450g/t gold. Limited diamond drilling has been completed (only 16 diamond drill holes) within portions of these anomalous gold zones and many of these holes were drilled in sub-optimal orientation. Triton Gold believes that the Project has the potential to host either, or both, a high-tonnage low-grade bulk mineable resource or low-tonnage, high-grade lode style gold mineralisation.
|