TRF 0.00% 1.9¢ trafford resources limited

trafford the next big player in mining

  1. 114 Posts.
    Ian Finch and his team have set up an excellent platform which has made it hard for any takeovers to occur with the spin off of IronClad and Trafford being the major shareholder with a 60% stake. This structure will potentially allow Trafford to have significant cashflow as of September 2010 with IronClad to ship their first lot of Premium DSO to start with they will be potentially shipping 2mtpawhen Port Bonython is build and they can then ramp up their Herculies prospect which has the potential of 1 - 1.5 Billion Tons of Iron Ore.

    They will also be looking at Robust Resources to be taken over at a premium price in 2010 which will be a nice payout of at least $25millionTrafford will be cashed up ready to look at getting Lynas Find Gold mining underway with the gold price moving upwards.

    A JORC Code compliant resource of 49,515 oz Au has previously been defined at the Old Faithful prospect (Lynas Find).
    Most of the new gold mineralisation was intersected at shallow depths (to a maximum vertical depth of 45m).within the oxidised zone to the West of the known resource. These results are considered very encouraging since there are a number of other areas adjacent to Old Faithful which exhibit similar potential. Much of the mineralisation is also open at depth. Hole 08THRC010, drilled approximately 1km south of the Old Faithful resource on a fault structure connecting it with the mineralisation at the Iron Stirrup Pit (Tourmaline Hill prospect) returned a preliminary intersection of 4m @ 1.21g/t (12-16m). The one metre re-splits returned a best result of 1metre @ 1g/t (13-14m). Because of the potential significance of this intersection (on a connecting structure between two resources), re-assaying will be undertaken and it is likely that additional drilling will be needed.

    They will also be able to use this cashflow from IronClad and Robust Resoucres to continue the exciting drilling at Marwson which has the potential to be another Prominent Hill!!!

    At Marwson Trafford has delineated a large (approx 2 km long X 1 km wide) residual gravity anomaly of 0.8 mGals immediately to the west, and offset from, the main magnetic feature at its Mawson Prospect in the Wilcherry Hill Project area of the Gawler Craton, South Australia. The Company believes that the anomaly represents a first class iron oxide-copper-golduranium (IOCGU) exploration target and has commenced planning to drill this target at the earliest opportunitythey will have the money shortly to fast track drilling to prove up the area..

    Having this regular money flowing will mean they wont need to do a lot of capital raising which means that we wont have a lot of shares on issue to dilute the price!

    They may also use this money for further investments similar to their investment in Robust Resources..

    Below are some drilling results of both the IronClad DSO at Weednana and also gold intersections at Weednana Trafford own 100% of all gold extracted by IronClad and it looks as though this will be substantial which will be a bonus to their already 60% owning of IronClad;

    At the Weednana Prospect, excellent DSO grades with consistent low impurity levels are reported, including:
    - 28m @ 62.3 Fe% from 20m
    - 18m @ 64.1 Fe% from 26m
    - 16m @ 62.3 Fe% from 44m

    At the Weednana Prospect exceptional gold intersection of 36 metres @ 5.71g/t Au from 52m, including 12m @ 11.37g/t from 68m, from hole 06WDC007

    Mr Tan Ching Khoon Executive Chairman of Transview who will have a 13.04% in Trafford once he converts his options will be Traffords middle man for all dealings within AsiaThis is a major plus for Trafford and breaks any cultural barriers or hurdles that may have arisen..He is the founder of the Transview Group. Mr Tan holds a Masters degree in Marketing Management from Macquarie University Graduate School of Management. He has over 26 years of experience in international sales and global marketing.

    It is clear that we have a total asset base and capital structure that is the envy of most junior explorers the ground work has been set for an exciting 2010!
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