sources at Olympic Dam and Prominent Hill, provides a potential
‘
Aladdin’s Cave’ of opportunities, whilst the gold associated
with some of the iron could be a beneficial by-product for Trafford.
The second incipient arm of Trafford’s growth strategy
recently appeared when the company announced that it had
taken a significant interest in a high grade gold project in Brazil
via its investment in Orinoco Resources Ltd.
The other arms of Trafford’s growth strategy will come from
the diverse commodity base the company is pursuing, ranging
across silver, copper, lead, zinc, manganese, uranium, magnetite
and iron ore.
Actually Trafford, which has considerable land holdings in
Western and South Australia, has already chalked up notable
success through its investment arm. It achieved a successful
return on investment when a $1.4 million investment in
Robust Resources was turned into a liquid asset of
approximately $17 million, with millions returned in dividends
back to shareholders.
Other projects Trafford is actively working on include
another South Australian joint venture, this time with
Kingsgate around the Challenger mine. Trafford now controls
5,653
square kilometres of highly prospective exploration
licences on South Australia’s Gawler Craton, following the
purchase of Southern Gold’s 51% share in the Challenger
joint venture with Dominion Gold Operations (a 100% owned
subsidiary of Kingsgate Consolidated).
Trafford is also developing the potential of its Telephone
Dam project, which is a lead, zinc and silver prospect that
Trafford has enlarged each time it has drilled since 2006, and
the Black Hill prospect, where a 5,000-metre aircore drilling
program was recently completed. Results from a soil survey
completed at Black Hill identified a number of discrete silver,
gold and copper geochemical anomalies. These are adjacent to
Investigator Resources’ Paris prospect, where intersections of
high-grade silver were reported.
Finally, another arm of exciting potential for Trafford is in
Western Australia, where Trafford has a joint venture with
Independence Group, providing the iron ore rights to two
projects north-west of Geraldton. Trafford geologists have
confirmed there is outcropping hematite of +60%Fe over a large
area at Twin Hills and Moorarie and these may become viable in
time, if future railway and port plans are developed.
“
The next chapter will be exciting as Trafford spreads
its wings, and we move the company in different directions
and increase cash flow into the company,” said Mr Finch.
“
Trafford will remain an exploration company, increasing in
size over time.”
Above: Original street signs on
Trafford’s Wilcherry Hill land
Below: Peterlumbo tenement on the
Eyre Peninsula in South Australia
BLACKHAM
RESOURCES LIMITED
•
Strategic position in the heart of
Western Australia with large regional
gold endowment
•
Resource upgraded to:
23.0
Mt @ 1.9g/t Au for 1.4 Moz
•
>2 Moz exploration target at Williamson
Project area from strike and depth
extensions
•
Assessing development options
•
Working towards building Reserves to
warrant stand-alone processing plant
•
Experienced management in gold
exploration and development
BLACKHAM
RESOURCES LIMITED
MATILDAGOLDPROJECT
www.blackhamresources.com.au