View
213
Download
0
Category
Preview:
Citation preview
ASX Code: TRF
Ian Finch
Managing Director
Neil McKay
Director
Mark Le Grange
Director
Allan Trench
Director
SHARE REGISTRY
Advanced Share Registry Services
150 Stirling Highway
Nedlands WA 6009
T: +61 (08) 9389 8033
F: +61 (08) 9389 7871
REGISTERED OFFICE
Level 2, 679 Murray St
West Perth, WA, 6005
P: +61 (08) 9485 1040
F: +61 (08) 9485 1050
14 May, 2013
Trafford plans 2000m drilling program targeting high grade
Tin, Tungsten and Silver Discoveries at Wilcherry Hill
New High Grade Silver - Tungsten at Golden Gate and Ultima Dam West Prospects include :
• 1m @ 7.2% (72,000 g/t) Tungsten with associated 41m @ 56.2 g/t Silver (including 5m @ 198.8 g/t Silver) at Golden Gate Prospect
• 28m @ 45.6 g/t Silver at Ultima Dam West Prospect
2000m drilling program planned for June 2013 to test Peterlumbo Epithermal Silver and the 7m @ 3.16% Tin at Zealous Prospect
Figure 1: Examples of Tungsten (scheelite) from Golden Gate diamond hole GG1 under UV light
Trafford Resources (ASX: TRF) is pleased to announce that recent exploration and research of
historical data has resulted in the identification of further, high grade skarn systems within the
Wilcherry Hill project. Trafford owns 100% of the rights to all minerals on the Wilcherry Hill
tenements with the exception of Iron - where it has a 20% / 80% Joint Venture with IronClad Mining
Limited (IFE). These new findings within Wilcherry Hill strengthen the Southern Gawler Craton
Hotspot in which Trafford is well placed with both tenement holdings and experience.
For
per
sona
l use
onl
y
New high grade skarn systems identified at Wilcherry Hill 2
Silver - Tungsten Skarns: New High Grade Drill Hits
Recent research into historical reports and the institution of a borehole re-assaying program have unearthed several high grade
Tungsten intersections within the Wilcherry area Veins at Ultima Dam West and Golden Gate assayed 1m @ 1.43% Tungsten
(W) and 1m @ 7.2 % Tungsten (W) as well as Tungsten associated with large Silver intersections at both Prospects: 28m @
45.6 g/t Silver (Ag) with 593 ppm W at Ultima Dam West and 41m @ 56.2 g/t Silver (Ag) with 0.11% Tungsten (W) including
5m @ 198.8 g/t Silver (Ag) with 0.15 % Tungsten (W) at the Golden Gate Prospect.
Tungsten has also been found in historical regional Rotary Air Blast (RAB) drilling within the Ultima Dam West Prospect -
associated with elevated Tin, Lead, Zinc, and Copper. In RUD 8 assaying returned 30m @ 0.2% W and 0.2% Tin (Sn) with
highs of 0.55 % W and 0.39 % Sn. This hole also included 18m @ 1,850 ppm Pb, 18m @ 1,411ppm Zn, and 8m @ 1,287ppm
Cu all of which is directly overlying an historical diamond hole, UD1, which shows large intersects of anomalous Silver –
Tungsten( 29m @ 12.7 g/t Ag with 471g/t W and 28m @ 11 g/t Ag with 224g/t W.
Re-assaying of the historic diamond hole at Golden Gate is currently underway with plans to re-assay 3 diamond holes at Ultima
Dam West as well as selections of RC holes scattered across both Prospects. A planned 2000m drill program in the Wilcherry
Hill / Peterlumbo tenements will be undertaken in June to test these targets. Details of this program will be released prior to
drilling being undertaken.
Figure 2: Wilcherry Hill regional map showing Tungsten and Silver over Magnetics
For
per
sona
l use
onl
y
New high grade skarn systems ident
Trafford well placed in Regional Hots
Regional trends are strengthening as more discoveries are made along strike
Hill and Challenger.
Figure 3: Regional trends of new discoveries on the Gawler Craton
entified at Wilcherry Hill
Trafford well placed in Regional Hotspot
Regional trends are strengthening as more discoveries are made along strike, around and in Trafford’s ground, both at Wilcherry
: Regional trends of new discoveries on the Gawler Craton
3
Trafford’s ground, both at Wilcherry
For
per
sona
l use
onl
y
New high grade skarn systems identified at Wilcherry Hill 4
Recent discoveries and findings have strengthened the regional hotspot trends within the Gawler Craton;
1. TRF: Golden Gate, Zealous, Ultima Dam West and Telephone Dam. The Golden Gate prospect historical data revealed
a tungsten hit of (1m @ 7.2 % W), considering an economic grade is around 0.5% this is highly encouraging. The
Zealous prospect was recently drilled by IronClad Mining (ASX: IFE), during routine QAQC on anomalous assay
results, a tin hit of (7m @ 3.16% Sn) was discovered. Just like tungsten, an economic grade is around 0.5%, which is
again encouraging. The Ultima Dam West prospect historical data has revealed silver grades of (28m @ 45.6 g/t Ag)
and highly anomalous Sn and W grades. The Telephone Dam advanced prospect has always displayed a strong silver
potential along with strong Pb-Zn grades (92m @ 2.28% Pb+Zn with 51g/t Ag including 1m @ 51.4% Pb+Zn with
750g/t Ag). These prospects show a rich endowment of silver along with high grade and anomalous tin, tungsten, lead
and zinc.
2. TRF: Black Hills, Oxy’s Bore and Death Adder. The Black Hills prospects were drilled during the middle of 2012 (see
ASX announcement dated 24th September2012), with grades in weathered material of (1m @ 65g/t Ag with 0.5% Cu
and 1m @ 12.5 g/t Ag, 0.11 g/t Au and 1610ppm Cu ). This drilling highlighted the exciting potential of the ground along
strike from IVR’s Paris silver project. Oxy’s Bore is a diffuse magnetic feature interpreted to be a potential porphyry
intrusive. Death Adder remains a very large and relevant target with crustal scale potential.
3. Investigator Resources (ASX: IVR). The Paris silver project houses the Paris silver deposit along with other Ag/Pb/Zn and
porphyry copper targets. The Paris silver deposit has a resource due out soon, while exploration of other targets is
much anticipated.
4. Musgrave Resources (ASX: MGV) and Terramin (ASX: TZN) JV. Advanced, large Menninnie Dam Pb-Zn-Ag project,
Mannequin Pb-Zn-Ag and Tank Hill Pb-Zn-Ag-Au. The Menninnie Dam deposit has an impressive resource of (7.7Mt
@ 27g/t Ag, 3.1% Zn and 2.6% Pb). While the recent discoveries of Tank Hill (6m @ 5.6% Pb+Zn with 62g/t Ag) and
Mannequin (20m @ 12.4g/t Ag with 1m @ 3.5% Zn) lie directly on Trafford’s doorstep.
5. Adelaide Resources (ASX: ADN). Recent drilling at Altona West produced impressive copper grades. The Altona West
prospect is one of several within ADN’s Moonta project.
6. Investigator Resources Roundabout IOCGU prospect is along strike from Rex Resources’ (ASX: RXM) Hillside deposit
(330Mt @ 0.6% Cu, 0.16g/t Au and 13.7% Fe).
These exciting projects all lie within the interpreted Moonta Corridor shown in Figure 3. Trafford has a significant landholding of
9770km2 within this Hotspot with two projects; the Wilcherry Hill Project and the Western Gawler Craton Project (WGCP)
surrounding the Challenger gold mine.
The Wilcherry Hill Project has always been known for its poly-metallic prospectivity and the recent discoveries on its doorstep
further express this.
The WGCP is a new project acquired by Trafford through keen tenement pegging and the purchase of Southern Gold’s package
in September 2012. Historic exploration is limited and has focused on gold. Trafford is looking forward to unlocking the exciting
potential of the area with a new approach combining new geophysical and geochemical techniques and interpretation of this
underexplored, poly-metallic region. The recent work by Marmota (ASX: MEU) and Apollo Minerals (ASX: AON) in the region
has shown the excellent polymetallic potential of the area left unrealised until now in the form of Durkin Ni-Cu (MEU) and Titan
project IOCG and Au (AON).
Ian Finch
Managing Director
Trafford Resources Limited Competent person statement: The information in this announcement that relates to Exploration Results is based on information compiled by Ian D. Finch, who is a Member of The Australasian Institute of Mining and Metallurgy and who has more than five years’ experience in the field of activity being reported on. Mr Finch is the Managing Director of the company. Mr Finch has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Finch consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
For
per
sona
l use
onl
y
Recommended