Trafford Resources encounters tin at Wilcherry Hill

THE DRILL SERGEANT: Trafford Resources (ASX: TRF) has announced that recent drilling conducted by its Joint Venture partner IronClad Mining (ASX: IFE) at the company’s Wilcherry Hill project in South Australia has intersected high-grade near-surface tin.

Results from the first of 10 holes drilled at the Zealous prospect include:

–    7 metres at 3.16 per cent tin with 0.42 per cent lead from 52 metres including, 1m at 5.49 per cent tin with 0.45 per cent lead and 1m at 5.15 per cent tin with 0.44 per cent lead.

Assays from the remaining nine holes are expected soon.

 

Wilcherry Hill regional map showing Zealous and tin/silver over magnetics. Source: Company announcement

 

Trafford owns 100 per cent of the rights to all minerals on the Wilcherry Hill tenements with the exception of iron – where it has a 20 per cent / 80 per cent JV with IronClad.
 
“Trafford’s Wilcherry Hill tenements are underlain by Hiltaba Granites and it has been noted in numerous references that the mineralising source of tin prospects in South Australia are the Hiltaba Suite Granites,” Trafford Resources explained inits ASX announcement.

“The findings strengthen the Southern Gawler Craton Hotspot in which Trafford is well placed with tenement holdings, multi commodity prospects and experience.”

The company explained its excitement in regards to the discovery by indicating tin to be the commodity which has the highest price amongst the mainstream London Metal Exchange (LME)-traded metals at a current price of around $20,000 per tonne.

Trafford said concentrate off-take terms for tin are amongst the best of the LME metals, which it claimed adds weight to the importance of the high-grade nature of the tin discovery at the Zealous prospect.