Malachite Resources Limtied announced that the Company has received assay results for six diamond drill holes that were recently completed at the Conrad Silver Project, located about 25 km south of Inverell in northern New South Wales, Australia. Highlights include hole CMDD113 intersecting 1.6 m at 819 g/t silver, 0.59% copper, 0.71% tin, and 8.35% lead.
Malachite Resources announced a A$4 million funding to reactivate drilling at its Conrad project in NSW, Australia. The funds will be raised by the issue to Nanyang Mining Resources Investment Pty. Limited of two convertible notes, the first to the value of $1 million, and the second, which is subject to shareholder approval, to the value of $3 million.
Malachite Resources announced that recent surface exploration at the Conrad Silver Project, NSW, Australia, has enhanced the appeal of several targets along strike to the southeast of the existing resource and enlarged the overall target size. A strong silver-copper-tin elemental association has emerged in recent rock chip sampling results from the southeastern extension of the Conrad system, with good to very good grades in all three of these metals, at the expense of lead and zinc.
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