Have a look at Ironclad's mining license submission. Trafford's gold at Wilcherry is mentioned in the same breath as the iron and discussed in detail about its existence, geology and recovery. It is good to see that it is being discussed in such detail, seems as though they may be producing gold shortly after the iron ore. They mention it will be stockpiled from the rejects of the high grade magnetite processing, low grade magnetite processing and overburden stripping. Then via sampling and assaying the stockpiles they can calculate a surface inventory of gold. That is the way I would have done it myself. IMO they may be able to calculate a gold resource through drilling but due to the spotty nature of the gold a reserve may not be possible and so the best way to handle it may be to just calculate exactly what they have mined in the stockpiles and put it through a simple gold plant, get the gold bars, and sell it to the benefit of all trf holders. Good gold prices...the cream on top of the iron ore profits...There will be more news about the gold project soon including the outcome of metallurgical studies.
TRF Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
