TON - Triton Minerals

[Miner]

Re: TON - Triton Gold

You really should drill into the results a little more to get a true understanding of what they have proven here.

Just down the page they go on:


3.9 t/n over 0.5m from 155m depth, is quite frankly, pitiful.

Again, poor really.

And why not mention the width of these great results like in the previous paragraph?

Well, if you look at the results table below. These are the lab results for hole SGR006.

See, 5.4 g/t over ? What? There's no 5.4g/t at all. LOL

What they are actually saying is 5.4 g/t is a 'field duplicate',and it's over a massive 1m.

I mean, really.

They're going to have to come up with some much much wider and higher grade results than that to ever get any where near finding an economic deposit.

Good analysis Kennas as always.

I do not hold TON any more.

Notwithstanding I always wonder how could the companies produce such results in the market and there is no queries from so called captive geologists withing the company board or the major shareholders challenging the depth (or lack of) of result

Cheers

 

[noirua]

Re: TON - Triton Gold

Excellent post kennas 180, seems to sum it all up really, "not commercial'. Another company has 13.8% uranium, but only in a small rock chip. Finds need to be good to be worth that much in these markets.

I remember comments about Poseidon NL in 1969 that an engineer kicked a rock and it looked like solid nickel. It may have been one of those rock chips. These days it's difficult to get away with false information though I suppose it depends what a company chooses to leave in or out of a report.

 

[hdin015]

Re: TON - Triton Gold

1. Fast tracking of tailing's operation hoping to generate solid cash flow first half of new year, low cap ex and op ex due to metallurgical studies done to date, announcement due in the next 2 weeks as company is collating info and working out best process methods......very confident of $100m revenue over 2 year period.

2. Tushtena/Alaska - 1st hole drilled and core in for sampling in US labs, 3 more to go and geo's on ground confident of some good show's in the first hole. Truly elephant country here. Partnership with Panoramic will see US$300k refunded to TON for work done to date and a solid funding partner if new discovery is made.

3. Salmon Gums still a prime project, just demoted to third on the ladder while Teck Cominco JV is either consumated or terminated, decision due mid September. Company has been approached by a number of parties to fund and work on uncovering a Tropicanna style deposit.....geo's are still very keen and next round of drilling when farmers allow access(Dec/Jan) will be comprehensive and will hopefully give us the discovery hole we are all praying for.

Sorry for the long post, over 100 investors showed for what was a good list of company's that all had solid game plans and near term production hope.

Article below, regards Eyeknow.

Triton Gold and Panoramic Resources close farm-in deal on Tushtena Gold Project in Alaska

In a ringing endorsement of the potential prospectivity of Triton Gold's (ASX: TON) Tushtena Gold Project in Alaska, $500 million-market capped Panoramic Resources (ASX: PAN) has agreed to fund US$2.6 million of drilling at the Tushtena Project and reimburse Triton US$0.3 million of previously committed funds.

The attraction for Triton (and now Panoramic) is clearly evident as Tushtena covers an area of 41.4 square kilometres in the 1,200 km long Tintina Gold Belt, a metallogenic province stretching from Northern British Columbia to SW Alaska and adjacent to the region of the famous Klondike Gold Rush. The province is host to world class gold deposits such as Pogo (5 Moz), Fort Knox (7 Moz), and Livengood (6.8 Moz) and remains a prime area for gold exploration.

Under the deal between Panoramic Resources wholly owned subsidiary Pindan (USA) Inc., Triton and Tushtena allows Panoramic the right to farm in to a 51% interest by funding the balance of approximately US$2.6 million to satisfy a total of US$3.0 million in exploration expenditure required before June 2013.

Triton had spent US$400,000 on the project and will manage exploration during the earn in phase by Panoramic. Thereafter the parties would contribute to a Joint Venture in proportion to their respective interests of Panoramic Resources 51% (as manager), Triton Gold 29% and Tushtena Resources 20%, subject to normal dilution provisions and minimum holding levels.

Triton has commenced diamond drilling at the Discovery Zone prospect targeting potentially high grade gold mineralization below extensive surface showings of gold in veins and soils.

The first of four holes has been completed with the 1,600 metre program scheduled for completion in August, weather permitting. The initial core appears to contain significant sulphide mineralization and has been sent for assaying.

Triton expects to release results in the next few weeks.

Prior to ASX listing in 2009 Triton had completed two field seasons at Tushtena including geological mapping, surface sampling, multi-spectral alteration mapping and resampling of shallow historic drill holes.

High-grade rock chips with peak value of 1,450g/t Au (Discovery Zone), 163 g/t Au (RS Zone) and coherent areas of greater than 1g/t gold in soils occur within a target zone extending for over three kilometres. Historic drilling intersected up to 2.9m @ 24.6 g/t Au and 1.8m @ 49.6 g/t Au.

The targets at Tushtena in the current program were modelled in 3D from structural and lithological mapping. While the primary objective is to discover high grade lodes at depth it is possible that bulk tonnage low grade mineralisation could occur at shallow depth. Drilling activity at site is limited to a relatively short three month northern summer.

 

[kgee]

Re: TON - Triton Gold

I've been off this thread awhile but does anyone ever see a correlation between overdue drill results and average drill results?
I have no statistical analysis to back me up but as a gambling man doesn't it seem good risk analysis to jump ship when companies can't stick to drillling program deadlines?
I know guys working in Fire assay labs in WA and they're running 2 furnaces out of eight....ok probably should have being on general thread but still after all the hype given to this company earlier on this year???
I hear talk about reinvigorating ASF...would love to hear some senior members comments on wether they see a correlation as well or if I'm imagining things?

 

[King EU]

Re: TON - Triton Gold

Starting to recover a bit today, maybe there's some good news coming?
Then again the volumes are pretty thin so it might just be a short term blip.

Anyone else still interested in this?

 

[noirua]

Re: TON - Triton Gold

Fell to very low levels and gave us, those not risk adverse, a chance to jump-in on those gold tailings. Fair enough, they're left overs, but better technological know-how should reap rewards for this low cost miner, imho.

 

[hdin015]

Re: TON - Triton Gold

6 reasons to buy TON
1)rising gold price(going higher and higher)
2)Farm-in agreement with Panoramic. it means Panoramic knows that Triton has world class gold deposit at Tushtena\canada
3)near term production at windara
4)new gold deposit at windara
5)world class gold at Albany-Fraser project
6)very limited shares and they are held by big investors

 

[So_Cynical]

Re: TON - Triton Gold

6 reasons to buy TON
1)rising gold price(going higher and higher)

Surely for this to be a valid reason to buy TON they would actually have to have some gold...i mean you mite as well say 'Hey buy TON because the price of wheat is going up'

 

[hdin015]

Re: TON - Triton Gold

Triton Gold (ASX: TON) has gained full control of the Salmon Gums Gold Project, which comprises a number of granted exploration licenses along the southern margin of the Fraser Ranges, 500 km southwest of the AngloGold Ashanti / Independence Group's Joint Venture Tropicana Discovery.

Teck Australia Pty Ltd declined its option to farm-in to two key exploration licences at Salmon Gums, which effectively presents an opportunity for Triton.

The two key licences contain most of the surface gold anomalies defined by Triton including the Lady Penrhyn and Sirius prospects, where primary gold mineralisation has been intersected in the preliminary reverse circulation and diamond drilling programs, completed earlier this year.

Triton's manging director Lance Govey stated that the Board is pleased to have full control and the flexibility to continue exploration, with planning for future programmes currently in progress, with funding options under consideration.

The two exploration licences subject to the Teck farm-in option, E63/1093 and E63/1095, are now excluded from the 2007 Tropicana Gold Belt Alliance Agreement.

The Tropicana Agreement still governs the three remaining tenements at the Salmon Gums project and the tenements at Fraser Range North and Cundeelee projects, until its expiry at the end of 2011.

A number of soil anomalies remain untested, or have been investigated with wide-spaced shall drilling only

 

[Sean K]

Re: TON - Triton Gold

27 July Presentation:

Windarra Tailings Cap and Opex estimates due late August

Initial results from Tushtena due late August


Must be due soon....

 

[hdin015]

Re: TON - Triton Gold

Western Australia based Triton Gold (ASX: TON) has completed a diamond drilling program at the Tushtena Gold Project, based in Alaska.

The program included a four hole diamond drilling campaign for 1,600 metres, within the Tintina Gold Belt of Eastern Alaska, host to many famous multi-million ounce gold deposits including Fort Knox (7 Moz), Pogo (5 Moz) and Livengood (>7 Moz).

This is the first area drilled by the current partners with the holes located at the southern end of the Discovery Zone, one of two prospects within a three kilometre long by one kilometre wide target with strong soil gold geochemistry and high gold grades in surface rock chips.

This drilling, ranging from 194m to 610m depth, was focussed on structural targets, with the northern Discovery Zone and a separate prospect, the RS Zone, remain to be tested at depth.

Triton expects first results from this drilling program to be received within a week, after the programme was completed within budget and seasonal time constraints.

Triton manages the joint venture on behalf of property owner Tushtena Resources Inc, an Alaskan subsidiary of unlisted, Vancouver based Tushtena Resources Limited, and Panoramic Resources (ASX: PAN) that is funding the current work.

Should Panoramic spend US$2.6 million prior to June 2013 it will earn a 51% interest in the project, with Triton 29% and the balance of 20% with Tushtena Resources.

Panoramic is required to fund the first phase of exploration, up to US$1.0 million, before it can withdraw from the joint venture. If Panoramic withdrew Triton will retain a right to earn 80% of the project from Tushtena.

 

[Sean K]

Re: TON - Triton Gold

Nimpkish results out!

Directors are 'encouraged' by the drill results.

None of the RC holes returned significant gold assays.

Which planet did these guys just get off?

 

[Sean K]

Re: TON - Triton Gold

Western Australia based Triton Gold (ASX: TON) has completed a diamond drilling program at the Tushtena Gold Project, based in Alaska.

......

Triton expects first results from this drilling program to be received within a week, after the programme was completed within budget and seasonal time constraints.

Ho hum, at least they informed the market, albeit a bit late...


TUSHTENA GOLD PROJECT

Triton Gold Limited (“Triton”, ASX: TON): wish to advise with regard to the announcement of 30 September 2010, that release of results from the initial diamond drilling program at Tushtena has been delayed due to final QAQC checks on the assay results.

 

[basilio]

Re: TON - Triton Gold

Another Graphite explorer jumps into the market.

Triton has bought into the graphite exploration business securing licenses in the Balama area where Syrah has made extensive finds.

It has opened 122% higher this morning.

Just wondering how many of these graphite mines there'll be in the next 12 months

http://www.proactiveinvestors.com.a...yrah-resourcess-mozambique-deposit-30339.html

 

[chakvetadze]

Re: TON - Triton Gold

I'd avoid this stock like the plague. This project is a failed BGF float being drummed up again through TON. I've done hundreds of hours of research over the past six months in the graphite space and there's only one stock in my opinion that will make it in a big way. SYR. The market is waking up to it as well with a current market cap of $350M although I think in time that will prove very conservative. I see no reason why a major wont take them out for a MUCH MUCH higher price after the JORC is released later in 2012.
SYR tick ALL the boxes and have a massive portfolio of mineral sands as well. I can see them selling the graphite for multiples of the current price and then they will develop the mineral sands which in itself is a company maker.

 

[basilio]

Re: TON - Triton Gold

Interesting perspective Chakv. I can see why SYRs graphite interest would be bought out by companies currently in the market who don't want to see the price of graphite fall and their SP destroyed.

However what if there are another half dozen SYR's ? As I am watching it the interest in graphite has turned up a number of high value mines. Can they all be bought out ?

On the other hand I think the mineral sands and the vanadium in the graphite mines (as mentioned elsewhere..) also offer excellent value to the equation.

I'd like to hear how quickly the graphite can be brought to production.

 

[pixel]

Re: TON - Triton Gold

Technically, I can't see why this one should be avoided.
Today's announcement has created sufficient interest to push it higher - possibly above 10c within days.
Anyone interested in leverage may also take a look at TONO: 25c options maturing December 2013.
I hold.

 

[pixel]

Re: TON - Triton Gold

This could turn into a nice recovery story
... or into the exact opposite.
Whatever it is though, I've taken a Long view and picked up a few heads to go with my TONOs



target 10c+; stop Close Below 6.3c

 

[pixel]

Re: TON - Triton Gold

... another Selley's (ignoring Friday's 35,000 trade, there are "no more gaps" )


I'm Long.

 

[noirua]

Re: TON - Triton Gold

TRITON GOLD LIMITED - Triton Gold's graphite project continues to impress. - BRR Media webcast
http://www.brrmedia.com/event/109737

Get ready: Starts at 10.15am