Some information from last Tuesday's ASX release by the TRF...

Some information from last Tuesday's ASX release by the TRF controlled IFE:

"Numancia Prospect

Initial drilling at the recently identified Numancia prospect has delivered very encouraging results. Broad intersections of magnetite mineralisation have been intersected in 4 holes on the first section drilled on the 8 kilometre (km) long western magnetic anomaly at the prospect.

The magnetite is relatively coarse grained and similar in style to the resources identified at Weednanna and Ultima Dam East, hence good mass and metal recoveries are expected from Davis Tube testwork which will commence shortly. Magnetic susceptibility results indicate the presence of significant magnetite and samples are being submitted to the laboratory, however no analytical results are available at this time. Magnetite intersections of note include:

08NMRC005 61 m of magnetite mineralisation from 140m
08NMRC008 39 m of magnetite mineralisation from 109m
08NMRC013 110m of magnetite mineralisation from 105m
08NMRC015 48m of magnetite mineralisation from 96m.....


Hercules Prospect

... Recently completed surface sampling programme at Hercules designed to augment that completed by Trafford Resources in 2007 has extended the strike length of the iron (haematite with >50% Fe) mineralization to at least 5 km..."

Comment:
It seems the market in its negativity has not taken appropriate notice of the excellent iron ore prospects the TRF controlled IFE has.