THE BOURSE WHISPERER: Trafford Resources has received results from a regional soil survey the company carried out over its 100 per cent-owned Peterlumbo tenement located in the north of the Eyre Peninsula, South Australia.
Trafford said the results have identified a number of discrete silver, gold and copper geochemical anomalies on its Black Hill prospect.
The results highlight the potential for an extension of Paris style mineralisation where the company hit intersections of high-grade silver, and reported up to 1 metre at 22,500 grams per tonne silver (2.25 per cent Silver).
The regional geochemical soil sampling program employed the same partial leach analysis method that was used by neighbouring ASX-listed company Investigator Resources in 2011 to delineate its Paris discovery located immediately to the northwest of Trafford’s Peterlumbo tenement.
The Black Hill prospect, within Peterlumbo, is approximately 15 kilometres from the Paris prospect.
Source: Company announcement
“The company will immediately follow up these successful results with further infill sampling, where necessary and a program of Rotary Air Blast (RAB) drilling,” Trafford Resources said in its ASX announcement.
“The success of this survey, alongside the 2011 Paris discovery, confirms this region of the Gawler Craton as one the most exciting, emerging exploration hot spots within Australia.”
In addition to the Black Hill prospect, Trafford indicated it is also expecting results from partial leach soil surveys undertaken at the Death Adder and Pier prospects in the coming weeks.