Afternoon all, Still can't get today's "Age" article to copy, but the ASX release below summarises it. Drilling program commencing this Saturday. Good luck to all holders, on a hot day where MAR finished up 1 cent and MARO was up 2 cents at the close.
MEDIA RELEASE 15 January 2003
SILVER SEARCH UNDERWAY
Following successful listing on the ASX in late 2002, Malachite Resources NL has launched its program of exploration for silver in the New England region of NSW with commencement of the company’s drilling program at the Rivertree silver project, northeast of Tenterfield.
Managing Director, Garry Lowder, said today:
“The initial drilling at Rivertree is targeting three of the more than 40 old silver mines in the district and will involve approximately 1700 m of both diamond core and reverse circulation percussion drilling. The former Wongabah mine is our first priority and we hope to obtain results similar to those of historic underground sampling of Wongabah workings just above our drill target zone.”
Drilling will also take place at the Silver King mine, where there seems to be multiple veins, and along the Boulder-Dunlop structure, which has good strike extent and significant old workings.
Dr Lowder added:
“Rivertree has never been drilled before so we are looking forward to obtaining the first modern sub-surface data on these intriguing silver-bearing veins.”
For more information please contact:
Garry Lowder on (02) 9416 0642
or visit the company’s web site at www.malachite.com.au
MAR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
