Not a bad result at all in a very tough ASX market for junior explorers, even though the TRF SP disappointingly continues to lag. They are continuously hitting rare tin which is open in all directions. Tin is at crucially low levels since 2009, with only 8000 tonnes being stockpiled in London Metal Exchange warehouses. The Tin price has rallied from $22200 to $23200 from 2 weeks ago.
Notable intercepts include.
14ZLRC004 6m @ 1.15% including 2m 1.71 14ZLRC005 30m at .43% including 5m at .59% 14ZLRC009 4m at .57%
They need to begin another drilling campaign shortly, around these holes directly drilling straight out to the East following the Red Arrow, to prove up potential more tonnage. I also like the fact in Figure 3, they have mapped other potential strike prospectivity in the Zealous area, and have mentioned the Tin mineralisation zone may also be open for 1.5-2km. More importantly historical assaying of Tin in the Wilcherry Hill area, have been using the old inadequate XRF method, and Trafford will be following up other potential targets with the newer Lithium Borate method. More news to follow with this project for sure, as many old assays were inaccurately measured.
There is no doubt Trafford need to see one arm of the tentacle, go into production, the sooner the better. Im happy with the direction Orinoco Gold are heading and with its recent high grade tenement acquisition with Troy Resources announced yesterday. And there has been a large rally for all gold producers in the last week with Gold now topping $1324.
More news to follow. Step by Step. Arlberg1
TRF Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held
