Trafford Resources makes DSO hematite discovery

THE DRILL SERGEANT: Trafford Resources (TRF: ASX ) has claimed a high-grade direct shipping ore (DSO) hematite discovery on receipt of assay results from the first four drill holes of a drilling program on the company’s Twin Peak iron ore project northeast of Geraldton, Western Australia.

The company claimed it had encountered extensive widths of DSO hematite at the Woolbung Peak prospect, which is one of 15 prospects Trafford is targeting with the current drill program.

Initial results from first four holes include:

31 metres at 63.5 per cent iron, including 5 metres at 68.1 per cent iron;

17m at 64.3 per cent iron, including 6m at 67.7 per cent iron; and

22m at 59.6 per cent iron including 15m at 63.4 per cent iron.

“Geological mapping initially delineated the geometry of a faulted fold nose closure area of high-grade outcropping hematite rich zones,” Trafford Resources said in its ASX announcement.

 “Significant down hole hematite widths were intersected in all the four holes reported to date.

“Importantly the drilling has proven that the high-grade outcrop discovered by Trafford extends to a minimum depth of 80 metres and remains open beyond that depth.

“All high grade intercepts show low impurities with very low levels of sulphur, phosphorus and silica, which will be attractive to steel mills around the globe.”