Best results so far at Conrad

New results from Malachite Resources’ Conrad Silver Project in NSA are the best so....

  New results from Malachite Resources’ Conrad Silver Project in NSA are the best so far generated in the on-going resource delineation drilling program at Conrad.Assays for mineralised intersections in drill holes CMDD39 to CMDD45 at the project have been received and collated.Several holes intersected more than one lode, best exemplified by drill hole CMDD43, which produced three excellent intersections, the high grade core zones of which assayed as follows:· King Conrad Lode: 1.0m at 137g/t Ag, 0.2% Cu, 3.5% Pb, 3.6% Zn, 0.2% Sn & 28g/t In;  Conrad Lode: 1.7m at 539g/t Ag, 1.1% Cu, 5.8% Pb, 5.6% Zn, 1.4% Sn & 48g/t In· Allwell’s Lode: 0.8m at 692g/t Ag, <0.1% Cu, 17.9% Pb, 0.7% Zn, 0.1% Sn & 6g/t InGary Lowder, the company’s managing director, said that the latest drilling is concentrated to the southeast of the King Conrad Shaft, close to and beneath historic underground workings, where it is noted that grades and overall widths have increased significantly over those intersected northwest of the King Conrad shaft. “Not only are the silver grades very high but also the values for copper, lead, zinc, tin and indium are substantial, turning many of these intersections into quite spectacular results,” he said. “A particularly pleasing aspect of the latest results is that in most cases the mineralised envelopes to the high grade lodes are well developed, with attractive grades in themselves. When added to the high grade cores they enclose, the whole package looks promising for mechanized underground mining, over true widths of up to 6 metres. “Another very positive feature of the new results is the consistently coarse grained nature of the mineralisation, which augurs well for the future production of separate metallic concentrates. Furthermore, indium, which at this time is only being assayed in the high grade lodes, correlates very well with zinc (correlation coefficient of 0.95), which suggests that indium would be recovered successfully into a zinc concentrate,” Mr Lowder added.The rig is currently drilling CMDD48 and a further two or three holes will be needed at King Conrad to complete this first stage of the resource delineation program.The rig will then move about 1.3km southeast to begin the next stage of resource drilling, which will be in the Davis Shaft area. Upon completion and assaying of the remaining holes near King Conrad the company’s resource consultants will prepare an initial estimate of resources in this part of the system. That estimate should be available in the September Quarter.The company has engaged a mining engineering consultant to commence a scoping study at Conrad in August. This will assist the company to optimise ongoing resource definition and will provide an indicative target for economic evaluation of the project.