Gold mineralisation associated with magnetite currently being developed as open pit Direct Shipping iron ore by IronClad Mining Ltd. Trafford to commence feasibility studies to become first gold producer on Eyre Peninsula, South Australia
if the gold ore will be initially mined with the IO how would that happen? Extraction of magnetite from mining via magnetic induction would produce piles of dirt with very high gold content.
Is that the case?
The BFS proposed in July covers this and other options. A low cost gold mining application means lots of profit and if it's from the DSO tailings.......wow.
Since there has been no ann re BFS commencement then we assume it has not commenced. TRF may not have the funds yet to go drilling for JORC compliancy but why not ann this instead of silence?
When the IO drilling program was in full swing gold concentrations were evident. Such are the drilling concentrations for the IO BFS there must be so many results for the gold.
Is this the holdup? Are we waiting for assays? Where is the ann.
Basically what the market needs is a more detailed assessment of the scale and profitability of the gold operation and this is easily done....if they want to.
That is why the troops are unhappy.
TRF Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held
