Trafford claims confirmation of tin discovery

THE DRILL SERGEANT: Trafford Resources (ASX: TRF) has received results of diamond drill hole 13ZLDH001, which was drilled in late December, 2013 at the company’s Zealous tin prospect, at Wilcherry Hill in South Australia.

The wide diameter diamond hole was the first hole of a current 1500m drill program Trafford announced it was commencing late last year.

Results from hole 13ZLDH001 included 12.3 metres at 1.10 per cent tin from 119 metres, including 1.3m at 4.8 per cent tin.

Trafford explained the hole was drilled to intersect the down dip extension it had encountered with its first discovery hole, which returned 7m at 3.28 per cent tin from 52m, including 1m at 6.81 per cent tin in hole 12ZLRC007.

Trafford claims it is confident it has discovered a near surface, high-grade tin deposit with a total of four high-grade intercepts defining a strike extent of over 200m extending from surface to a vertical depth of approx. 100m.

 

Position of drill holes defining high-grade tin intercepts at Zealous prospect. Source: Company announcement

 

The extent of the body remains open in all directions.

“High grade, near surface hard rock tin deposits are rare and grades reported in projects targeted for open pit development are generally less than 0.5 per cent tin,” Trafford Resources said in its ASX announcement.

“Drilling at Zealous is producing consistent plus-1 per cent tin intersections with widths in excess of five metres.”

The company alluded to the demand for tin worldwide, which it said is growing steadily.

According to Trafford the forecasted decrease in production of tin from alluvial mining and the limited number of new developing mines has tin achieving the highest price amongst the mainstream London Metal Exchange (LME)-traded metals at a prevailing price of around $21,700 per tonne.

“A combination of these facts makes this maiden discovery by Trafford a very important target for further exploration and development,” the company said.

“Wide diameter HQ diamond core has been drilled in order to obtain samples for metallurgical test work.

“Initial mineralogy identified Cassiterite as the main tin bearing mineral which may be concentrated by gravity separation.”

Trafford has drilling of an additional 1300m of reverse circulation (RC) drilling scheduled to commence on 12 January, 2014.

The company anticipates results by the end of February 2014.

Website: www.traffordresources.com