Good results continue from Conrad

Malachite Resources has received further positive results from drilling at its...

  Malachite Resources has received further positive results from drilling at its Conrad Silver Project, part of an ongoing drilling program, involving at least 10,000m of drilling in 2008.The latest assay results were received for a further four drill holes in the program, which is aimed at substantially upgrading the existing resource estimate for the project. The new results are expected to contribute significantly to that upgrade, especially with CMRD63 reporting high-grade mineralisation as much as 360m below the surface.Malachite Managing Director, Garry Lowder said the company was pleased with the latest results, which seem to be fairly typical of the Conrad Lode. “It is nice to see well-developed mineralised envelopes adjoining the high-grade lode in holes 63 and 64, enhancing the potential for relatively low-cost, mechanised underground mining of this lode,” Mr Lowder said.Most of the current drilling at the Conrad project is in widely spaced holes, nominally 100m apart along strike and down dip.As the 2008 drilling program proceeds, the best intersections, which are interpreted to be within discrete ore shoots, are followed up with more closely spaced drilling, allowing for the concentration of high-grade ore into shoots. Malachite’s current drilling is providing much encouragement, with a high rate of excellent intersections suggesting large and well-developed ore shoots.