TRF trafford resources limited

musgrave minerals (mgv) next door

  1. 2,120 Posts.
    Musgrave minerals has released some large results at Menninie Damm directly next door to Trafford's Tenement.
    Notable Silver intercepts include 10m at 990 g tonne
    2m at 3942 g tonne

    More importantly they releasing more high grade lead and zincs results later in the month, which could bring Trafford back into the spotlight as a mineral play with its nearology. Nice to see Trafford have also added 3 more tenements last quarter, in increasing its future exploration prospectivity in the Wilcherry Hill area for Zinc, Lead, Gold, Silver, Copper, Tungsten and Graphite.

    On the 28/01 The Announcement they released " Musgrave intercepts lead zinc and Silver at Spare Rib target Menninie Dam.
    They released the first 4 hole results of
    20m Lead at 2.0% from 67m
    9m ZInc at 1.4% from 88m
    12m Zinc at 1.6% from 54m
    7m Lead at 1.2% from 14 m

    First paragraph, "Musgrave is pleased to announce it has intersected significant lead, zinc and silver at the Spare Rib Target, Menninie Dam."
    This appears to a be very high grade porphyry mineralisation system that could extend well into Trafford's tenement next door. I doubt very much for the system to be economic Zinc grades must be more than 4% as stated earlier by Blog. The key would be grades more than 1.5% with large depths to prove up large tonnage. Good Zinc and Lead deposits are extremely hard to find now. Is it a coincidence Canadian mining giant Teck has
    entered into a JV relationship with Rox Respurces for their Zinc & Lead
    project in the Northern Territory. And is it a coincidence Perilya Resources a Zinc producer in Broken Hill was recently taken over a couple of months ago by a Chinese consortium?

    Trafford could be bringing to the market some big drilling results at the end of the month with the very rare tin. If 6 to 8 holes come back with more than 1.5% hits, I suspect the buyers will buying in and the SP could be going past 20c soon. The long awaited rerating we have all been waiting for. The SP got to 13c recently with over 1.3 million shares traded on recent results.

    More notable intercepts of Manganese could also help the SP. A tonne of Manganese is around $350-$400 compared to around $120 a tonne of Iron Ore, which will further add valued upside to this project with further large revenue benefits. The Manganese price has been strengthening in recent months.








 
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