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TRAFFORD RESOURCES LIMITED - ASX: TRF
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Description
Trafford Resources Limited is a Perth-based mineral exploration company which has been listed on the Australian Stock Exchange since Mid June, 2006.
Trafford’s primary focus is exploring for Iron Oxide, Copper, Gold and Uranium (IOCGU) deposits at the Wilcherry Hill Project in South Australia’s Gawler Craton. Trafford recently discovered large quantities of high grade magnetite iron and is currently investigating the feasibility of establishing iron ore operations at Wilcherry. Gold associated with some of the iron could be a major beneficial by-product.
Trafford also owns the Lynas Find Gold Project in the Pilbara region of Western Australia where it believes that significant gold reserves may remain from past mining.
WILCHERRY HILL, South Australia
Trafford Resources has commenced a 14-hole, reverse circulation (RC) drilling programme of approximately 2000 metres at the Weednanna Gold Prospect in South Australia. The system which is associated with a linear, crystalline magnetite occurrence remains open to the north and south, as well as at depth. The gold occurs in steeply dipping, North West orientated veins, associated with retrograde alteration and sulphide deposition. Potential, therefore, exists for more extensive, epithermal style gold accumulations at depth. Previous drilling has not specifically tested this potential.
LYNAS FIND PROJECT, Western Australaia
The Lynas Find Project is located on the Wallareenya Pastoral lease, approximately 100 kilometers south of Port Hedland within the Marble Bar Mineral Field, in the east Pilbara region of Western Australia.
The Lynas Find Project is comprised of ten granted Prospecting Licenses. The tenements form two contiguous blocks, which have been termed the Iron Stirrup and the Mount York blocks. The Iron Stirrup block comprises tenements P45/2557 – P45/2560 and includes the Iron Stirrup, Old Faithful, Darius and Cleopatra prospects. The tenements were granted on 14 October 2005 and cover a total area of 792 hectares.
The Mount York block comprises tenements P45/2562 –P45/2567 and includes the Main Hill, Breccia Hill, Gossan Hill, Western Granite Margin, and Zakanaka prospects. These tenements were granted on 14 October 2005 and cover a total of 1,031 hectares. All tenements are held by Cazaly Resources Limited.
Trafford entered into an option agreement with Cazaly Resources Ltd. to acquire an 80% interest in the Lynas Find Project, subject to payment of a certain consideration which includes an undertaking of 3,000 metres of diamond or RC drilling within 24 months.
Mine For
iron oxide, copper, gold, uranium, iocgu
Location of operation(s)
South Australia, Western Australia
Address
Level 2 , 679 Murray Street
WEST PERTH, WA, AUSTRALIA
Phone
(61 8) 9485 1040
Website
http://www.traffordresources.com
Last Updated
20/01/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
