TRF 0.00% 1.9¢ trafford resources limited

the company behind a major iron ore find..

  1. 24,765 Posts.
    "Zinifex backs further Kimba exploration

    The company behind a major iron ore find to the north of Kimba has signed an agreement with Zinifex to spend up to $8.5 million on further exploration in the area.

    Trafford Resources has signed the major zinc producer to an $8.5 million joint venture to explore for lead/zinc/silver at its mineral-rich Wilcherry Hill Project, 40km north of Kimba.

    Trafford is already exploring the 976 square kilometre Wilcherry Hill Project for Iron Ore with its 50 per cent owned subsidiary IronClad Mining, and for copper, gold, uranium and manganese in its own right.

    IronClad Mining is engaged in a major drilling program to extend the iron ore resource and develop a mining operation on the property.

    The Menninnie Dam project, 4km west of Trafford's tenement, was recently assessed as having 3.8 million tones of lead and zinc - Zinifex also has a share of this exploration site, along with Terramin."

    http://cleve.yourguide.com.au/news/local/general/zinifex-backs-further-kimba-exploration/1186661.html

    Now all we need is the market to value TRF and IFE appropriately for "a major iron ore find."

 
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