The drill results provide a platform for the rapid progression and creation of the JORC 2012 resource at Nicanda Hill, the company said.
Around 70% of the exploratory drilling program, including 45 RC drill holes and 23 diamond drill holes, has been completed.
Diamond drill hole GBND0017 on drill section N6 has intercepted 275m graphite mineralization from surface, and the hole remains open at depth.
Among the identified mineralized holes, drill holes GBNC0026, GBNC0029 and GBNC0022 returned high grade mineralization of 137m, 144m and 41m at 10.1%, 10.4% and 10.7% graphitic carbon respectively.
Triton Minerals managing director Brad Boyle said: "The continued interception of strong graphitic and vanadium mineralization on the initial wide-spaced drilling grid reinforces the company’s belief that the Nicanda Hill prospect will become one of the world’s largest multi-element project.
"Further, the interception of graphite mineralisation of grades up to 25.2%, also continues to validate the extension of the previously identified high grade zones that are present along the entire mineralization strike length of 4.8kms and can be seen from surface to depths in excess of 400 vertical meters."
