High grade tin discovery beckons for Trafford Resources
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Robust drilling results from Trafford Resources Ltd’s (ASX:TRF) Zealous Tin Discovery project are showing promises of high grade tin extraction.
Preliminary results from the nine reverse circulation drill holes at the project in Wilcherry Hill, South Australia, show tin grades suitable for both open cut and underground extraction. Results have determined the potential to mine to a length of more than 300m and a minimum vertical depth of around 130m.
Quality of the minerals at Zealous
Results from drilling have also shown the minerals at the South Australian site are robust, with eight of the 17 holes drilled discovering high grade tin.
Prior drilling at Zealous has also found 44 tin intercepts of 0.5% and 26 tin intercepts at +1% in eight holes. Added to this, seven holes have been found that show continuous intersections with widths of more than 10m and having a cut off of 0.1% tin.
The tin discovered at Zealous has be identified as Cassiterite, which is the ‘mining-preferred oxide mineral’ according to TRF. The company says it will use the lithium borate fusion digest (IC4M) technique to process the tin. This method fuses a sample with lithium metaborate at high temperature before being digested in nitric acid.
TRF believes this process is the best way to dissolute Cassiterite and has already identified more than 9,000 samples at Wilcherry Hill for extraction.
Future developments for TRF
The company has decided to further explore the area in South Australia and will be conducting sequential and regional assaying alongside a re-assaying programme to test for further tin potential.
TRF says its latest drilling programme results ‘confirm and enhance the importance of this maiden discovery’.
The company has also scheduled further drilling to test the strike and depth extent in the area, with a more detailed metallurgical test to be carried out later in 2014.
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.