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banjine

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  1. banjine

    TRF

    $8.5 Million Lead/Zinc/Silver Agreement with Zinifex ABN 93 112 257 299 Level 2, 679 Murray Street WEST PERTH WA 6005 Ph 08 9485 1040 Fax 08 9485 1050 admin@traffordresources.com ASX/MEDIA Release 21st February 2007 TRAFFORD SIGNS $8.5 MILLION LEAD/ZINC/SILVER AGREEMENT WITH ZINIFEX FOR WILCHERRY HILL ?? Trafford to Manage First $4.5 Million of Exploration ?? Magnetite And Gold Discoveries Not Included The Directors of Trafford Resources Limited (ASX Code:TRF) wish to advise that the Company has signed a letter of agreement for the establishment of a joint venture in which Zinifex Australia Limited (Zinifex) may spend $8.5 Million to explore for and develop Lead / Zinc / Silver within Trafford’s Wilcherry Hill Project and contiguous tenements in South Australia’s Gawler Craton. Under the agreement Zinifex can earn up to a 75% interest in all Lead / Zinc / Silver discoveries within the project area over a 5 year period by the expenditure, in three stages, of $8.5 Million. The major conditions are: ?? During phase 1, Zinifex must spend $500,000 within the first year, before equity earning can commence. ?? Zinifex must then spend a further $4.0 Million over the next 2 year period to earn a 51% position in all Lead / Zinc / Silver projects. ?? Zinifex must then spend a further $4 Million over the next 2 year period to earn an additional 24%. ?? Zinifex may withdraw at any time after the phase 1 expenditure has been completed. Trafford will be the manager and administrator of the eventual joint venture during the first three years and $4.5 million of expenditure (phases 1 and 2) on the lead / zinc / silver exploration programme. Trafford currently has 5 (five) identified Lead / Zinc prospects within the Wilcherry Hill Project area and its contiguous South Australian tenements, Including: a) Telephone Dam – best intersection of 6m @ 8.9% Pb & 6.4% Zn from 279m b) Olympic Hill :– 4m @ 0.38% Zn from 72m in reconnaissance drilling c) Mitchells : - Pb / Zn Soil anomaly d) Death Adder : - 8m @ 0.22% Zn from 22m in reconnaissance drilling e) Pier : Soil anomaly. The agreement with Zinifex, which is one of the world’s major zinc producers, applies specifically to lead, zinc and silver within Trafford’s tenements at Wilcherry Hill and contiguous areas. It does not apply to the Wilcherry Hill Magnetite discovery which is currently the subject of a desk-top study for potential development, the recently drilled gold prospect or the Golden Gate uranium prospect which is currently being drilled. . Ian Finch Managing Director Tel: 08 9485 1040 Trafford Resources Limited (TRF) is a Perth-based multi commodity mineral exploration company which has been listed on the ASX since June 2006. Trafford’s primary focus is exploring for Iron Oxide/Copper/Gold/Uranium (IOCGU) deposits at the Wilcherry Hill Project in South Australia’s Gawler Craton. Trafford has confirmed 44 million tonnes of premium quality magnetite iron at Wilcherry Hill and has commissioned a desktop study by ProMet into the economics of a commercial iron mining and processing operation. Future gold exploration in the area will focus on extensions of known mineralisation. The information in this announcement that relates to Exploration Results, is based on information compiled by Ian D. Finch, who is a Member of The Australasian Institute of Mining and Metallurgy and who has more than five years experience in the field of activity being reported on. Mr. Finch is a full-time employee of the company. Mr. Finch has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Finch consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
  2. banjine

    TRF

    44 Million tons of Iron ore confirmed.. that's got to be good! Low market cap ABN 93 112 257 299 Level 2, 679 Murray Street WEST PERTH WA 6005 Ph 08 9485 1040 Fax 08 9485 1050 admin@traffordresources.com ASX/MEDIA Release 9th February 2007 TRAFFORD CONFIRMS 44 MILLION TONNES OF PREMIUM QUALITY IRON AT WILCHERRY HILL – LARGE UPSIDE POTENTIAL IDENTIFIED. The directors of Trafford Resources Limited (ASX code: TRF) are pleased to announce that the independent quantitative study of the Wilcherry Hill (South Australia) iron deposits, undertaken by Maprock Pty Ltd has been completed. Maprock report that at the Weednanna, Weednanna North and Ultima Dam prospects there exists a total JORC compliant, indicated and inferred iron resource of 44 Million tonnes to a depth of 150m at an average grade of 36.4%Fe. The resource was calculated utilising a 15% Fe lower cut off – arrived at after study of metallurgical properties highlighted by Promet Engineers in earlier reports. (See Table 1). Maprock have also identified an exploration target potential, within EL3095, in the range of 300 to 600 Million tonnes of iron rich, magnetite bearing material. (See methodology below). Target Area Resource Category Tonnage Grade % Fe Comments Weednanna 1 Indicated and Inferred 27Mt 35% Associated with significant gold credits Weednanna North 2 Inferred 5Mt 35% Ultima Dam East 1 Inferred 12Mt 40% Total Indicated and Inferred 44Mt 36.4% Table 1: Wilcherry Hill – Current JORC Indicated and Inferred Resource Status Maprock identified and studied 93 (ninety three) strong magnetic anomalies in 19 separate areas, contained within EL3095 - part of the Wilcherry Hill Project. The investigation looked at over 21,000 iron assays from a total of 533 boreholes, most of which were drilled as part of earlier gold exploration. None of the boreholes were believed to have deliberately targeted the iron bodies and, as a result, the drilling has not fully tested the limits of the iron mineralisation at any of the prospects. A number of regional and localised aeromagnetic surveys were also studied in detail. Three of the 93 magnetic anomalies( Weednanna, Weednanna North and Ultima Dam East) were considered to have sufficient drill coverage for iron assays to estimate resources in compliance with the requirements of the 2004 Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (The JORC Code), specifically continuity of the iron units. Where drill data for iron are available the magnetic units are shown to be caused by one or more sub -parallel, magnetite-rich ironstone units dipping between 45 and 60 degrees to the east or west. The thickness of these ironstone units ranges up to 65 metres. The most significant intersection is in borehole 98WDDH004 (Weednanna) where 46 metres averaging 41% Fe was intersected between 76m and 122m. Exploration Tonnage Potential In their extensive study of the available data base Maprock have reported on the exploration potential as follows: “Indications from the presently known geology, drilling results and airborne magnetic data suggest that the exploration targets within Trafford’s EL 3095 in the Wilcherry Hill project area, defined by more than 90 strong discrete airborne magnetic anomalies with generally short strike length signatures similar in nature to those with already drill defined resource estimates at Weednanna, Weednanna North and Ultima Dam East, amount to an exploration target potential in the range of 300 to 600Mt of iron-rich, magnetite-bearing material down to a vertical depth beneath surface of 150 metres. This potential quantity is only conceptual in nature as there is insufficient exploration data currently available to calculate a defined Mineral Resource and it is uncertain whether further exploration will actually result in the determination of a Mineral Resource. A small number of additional magnetic anomalies present elsewhere within the Wilcherry Hill Project tenements have a further but as yet unquantifiable exploration potential for similar magnetite - rich deposits.” Maprock comment on the importance of the significant gold mineralisation within, or adjacent to, the iron units, such as the 11m @ 7.8 g/t Au within the most significant iron intersection of 46 metres in 98WDDH004 at Weednanna. Similarly the iron unit in 98WDDH001, which averaged 33% Fe over 34 metres (2 – 36m), also contained 18m @ 12.4 g/t Au. Some of the gold mineralisation appears to be located in the fold hinges of the iron units The coincidence of the iron and gold mineralisation suggests that - subject to further test work – the gold will report to the tailings following the magnetic separation process and may then be recovered separately. This is likely to impact favourably on overall project costs and the viability of a mining project, should one be developed. Trafford announced on February 5th that it had engaged ProMet to carry out a desk-top study of the potential of the Wilcherry Hill magnetite to provide the basis for the development of an economically attractive mining and processing operation. ProMet’s report is expected in mid-March and Trafford’s directors will base their future course of action for Wilcherry Hill on its findings. Ian Finch Managing Director Tel: 08 9485 1040 Trafford Resources Limited (TRF) is a Perth-based mineral exploration company which has been listed on the ASX since June 2006. Trafford’s primary focus is exploring for Iron Oxide/Copper/Gold/Uranium (IOCGU) deposits in South Australia’s Gawler Craton. The information in this announcement that relates to Mineral Resources, is based on information compiled by Ian D. Finch, who is a Member of The Australasian Institute of Mining and Metallurgy and Mr. Fritz Fitton also a Member of The Australasian Institute of Mining and Metallurgy as well as a Member of The Australian Institute of Geoscientists. Both of whom have more than five years experience in the field of activity being reported on. Mr. Finch is a full-time employee of the company and Mr. Fitton is employed by Maprock Pty. Ltd. Mr. Finch and Mr. Fitton have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Finch and Mr. Fitton consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.
  3. I'm not sure where to now Bradk, It has so far been an eventful ride up. I'd like to see the rest of the results on the copper assays which are due now or next week according to the ceo. Yesterdays announcement regarding the Uranium stake was a Surprise: There was lot's of large buys yesterday (hundred thousands not thousands) at a premium to the closing price, so someone was keen. I'm still holding and I'd love to see the results from Greenvale today! Wishful thinking? BJ
  4. QUOTE (loric @ Tuesday 16/01/07 04:01pm) Hi Loric, Great to see someone else holding these. I actually bought yesterday on the anouncement, I'd not heard of Beacon Minerals before and after a further look, small cap/potential I figured it was a buy and hold for further results and most likely upside to come. There's been mention of a two for one option issue (loyalty options for share holders) do you know anything about this? I've not read the float prospectus being way to busy to take my reading that far. I do know that Ell and Ggy aren't to far away from these guys. so they are worthy of keeping a close eye on as well. There's Great potential with only 4% of the total area represented. We'll see what the market thinks of it today. Cheers BJ
  5. UP 90% now! Does anyone else hold these? ANY comments at all....? All results from the RC drilling programme completed at the Cockie Prospect in late 2006 are also expected in the next 1-2 weeks. A total of eleven (11) holes are outstanding. Results including 34m @1.0% Cu from 8 metres were reported to the market on 27th November from the first three drill holes (CRC0001-003). The area drilled represents only 4% of the total target area.[/b]
  6. WoW Up 59% since the announcement came out! opps 54% now.. Cheers BJ
  7. Looks good to me, more results to follow within weeks. POTENTIAL FOR LARGE MINERALISED SYSTEMS AT GREENVALE CONFIRMED HIGHLIGHTS • Cockie Trend highly prospective for large Cu-Au-Ag mineralised systems, • New zinc-cobalt-copper discovery at Corella anomaly, • Regional exploration program highly encouraging Beacon Minerals Ltd (ASX Code: BCN) is pleased to announce that the results from a regional soil sampling program at its Greenvale Project (Beacon 100%) in North Queensland, confirms that the Cockie mineralised trend has the potential to host a significant copper-gold-silver (Cu-Au-Ag) mineralised system, as well as being highly prospective for Balcooma-style base metal deposits (zinc, copper). These early results, were taken from 990 regional soil samples on a 200m x 50m grid include; Cockie Trend Anomaly - A 4.5km long copper, gold, silver (Cu-Au-Ag) soil anomaly to the north and south of the Cockie Prospect, open along-strike. o Peak soil results included 800ppm Cu, 117 ppb Au and 600 ppb Ag. Corella Anomaly - A 2.6km long zinc, cobalt, copper (Zn-Co-Cu) anomaly east of Cockie, the area is a new discovery and appears to be hosted in felsic volcanics of the Lucky Creek Group, similar to those that host the Balcooma Zn-Cu deposits 15km to the west. The anomaly is open to the south. o Peak soil test results include 300ppm Zn, 600ppm Co and 300ppm Cu. This anomaly also contained sporadic elevated silver, gold and uranium values. Beacon Minerals has over 22km of potentially mineralized strike along the Cockie Trend to explore. www.beaconminerals.com The anomalies are presented in Map 1. They have been contoured +100ppm Cu, 10ppb Au, 50ppm Zn and 50ppm Co. These values are at least two to five times greater than background. The Cockie Trend soil anomaly occurs proximal to and within the porphyritic Cockie Springs Tonalite. Rock chip samples collected by Beacon in October 2006 that returned values to 5.4% Cu also lie within the soil anomaly. In all, a total of over 3000 samples comprise the initial regional program, and exploration has recommenced after the Christmas break. The current program includes both regional and infill sampling designed to further define the Cockie Trend and Corella soil anomalies prior to drilling. All results from the RC drilling programme completed at the Cockie Prospect in late 2006 are also expected in the next 1-2 weeks. A total of eleven (11) holes are outstanding. Results including 34m @ 1.0% Cu from 8 metres were reported to the market on 27th November from the first three drill holes (CRC0001-003). The area drilled represents only 4% of the total target area. Attachments: 1. Map of Greenvale Soil Sampling Results 2. Map of Greenvale Project For further information contact Lyle Thorne on 08-9476 9200 or visit the Company’s website at www.beaconminerals.com. Lyle Thorne Managing Director In accordance with Listing Rules 5.6 of the Australian Stock Exchange, the technical information contained in this report has been compiled by Mr. Lyle Thorne, a full time employee of Beacon Minerals Ltd. Mr. Thorne is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and has the relevant experience with the mineralisation reported on to qualify as a Competent Person as defined by the Australasian Code for Reporting of Mineral Resources and Reserves. Mr. Thorne consents to the inclusion in the report of the matters based on the information in the form and context in which it appears. www.beaconminerals.com www.beaconminerals.com
  8. In reply to: Zaitech on Tuesday 04/04/06 09:53pm http://www.sharescene.com/html/emoticons/biggrin.gif I wonder if we can expect an update from the company this week? It looks like something is in the pipeline with people continuing to take positions in the stock and the options. It's lovely being in positive territory!
  9. In reply to: Zaitech on Wednesday 29/03/06 08:04pm Yes! The most volumn this stock has ever seen, EVER! I feel so good inside. dyor BJ
  10. In reply to: Zaitech on Monday 20/02/06 07:54pm Well I am still in of course as I bought at .031 a couple of years ago. It was nice to see it reach my buy price a week ago and slightly reach for the sky. I'm glad your in Zaitech , Hold tight the Zinc may be a minable comodity.
  11. QUOTE (trade4profit @ Thursday 09/02/06 06:48am) Yes it seems he's shot himself in the foot, with the view you are taking t4p. I'm calculating the Free part like this: Bought 1000000 on the 1st @.005 = $5000 Bought 1000000 on the 3rd@ .007 = $7000 Total = $12000 Sold 1500000 on the 6th@ .008 = $12000 Total Cost = Broker fees Hence the 500 000 still be held for Free !
  12. In reply to: banjine on Saturday 04/02/06 02:36am Yesterday a change of shares notice was recieved, I did think it strange that a director was trading the options and not just buying them to hold on for conversion at the 2 cents price. So I went and read the 2005 annual report to see how many share Mr Zuckerman held . Here's what found: According to the annual report Mr. David Zuckerman doesn't have any shares in Aul fpo or options 06 AT ALL! I figure he really wanted to acquire 500 000 convertable options for 2 cents (june 06) For Free~ He did this by making the trade as we've been informed. It's important to note that Mr Majteles increased his holding in the company in September 2005 he now has a total of 1950 000 ordinary shares and 1 000 000 June 06 options. I'm probably talking to myself here, but I thought it worth noting for future reference. BJ
  13. In reply to: banjine on Friday 03/02/06 11:16am The Zinc price rising and the company stating that the results are in and will be due for release shortly is certainly the reason for all the excitement ...! Julles
  14. In reply to: Sportback on Wednesday 01/02/06 10:26am I don't know why this one was over looked on the 7th of November announcement Sport back It's sure getting some interest in the past week and lots of large buys today! Bring home the bacon I say about time! BJ
  15. In reply to: trader10 on Tuesday 08/11/05 09:42am Good drilling results for Pdn Trader with a significant upgrade to their resources this bodes well for AUL and it's future in the Namibian area! BJ
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