drilling intercepts silver 2330gt gold 23gt

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MACMIN SILVER LTD
(A.B.N. 53 056 776 160)
P.O. Box 7996 Telephone: (07) 5592 2274
Gold Coast Mail Centre Facsimile: (07) 5592 2275
Queensland 9726 Email: [email protected]
AUSTRALIA
Internet: www.macmin.com.au
7th June 2007
Australian Securities Exchange
Company Announcements Office
TALLY HO DRILLING INTERCEPTS SILVER TO 2330g/t, GOLD TO 23g/t,
AND ENHANCES RESOURCE POTENTIAL
Macmin Silver Ltd has received and assessed the assay results from the initial 10 holes of a 31
hole drilling campaign (5,742 metres) recently completed at the Tally Ho silver project near the
town of Mackay in Central Queensland. The results are very encouraging and continue to
highlight the near surface prospectivity of the Tally Ho breccia to host significant silver and
polymetallic mineralisation.
Highlights of the drill holes are as follows:
GRDD5 - 24m (12-36) @ 132g/t Ag, 0.10g/t Au, 2.79% Zn, 0.25% Cu
Including 4m (20-24m) @ 190g/t Ag, 0.05g/t Au, 8.11% Zn, 0.37% Cu
GRDD6 - 9m (28-37m) @ 662g/t Ag, 0.43g/t Au, 3.28% Zn, 0.67% Cu
Including 4m (28-32m) @ 1349g/t Ag, 4.8% Zn, 1.25% Cu and 0.70g/t Au
12m (39-51m) @ 67g/t Ag, 4.20% Zn, 0.22% Cu
1m (161-162) @ 317g/t Ag, 23.0g/t Au
GRDD7 - 4m (63-67m) @ 293g/t Ag, 11.73% Zn, 0.69% Cu, 0.46% Pb
GRDD8 - 23m (23-46m) @ 230g/t Ag, 2.64% Zn, 0.43% Cu, 0.43% Pb
Including 5m (30-35m) @ 704g/t Ag, 0.68g/t Au, 6.58% Zn, 1.19% Cu, 1.72% Pb
7m (55-62m) @ 233g/t Ag, 0.42g/t Au, 4.26% Zn, 0.39% Cu
GRRC37 - 4m (34-38m) @ 84g/t Ag, 11.15% Zn
2m (41-43m) @ 76g/t Ag, 12.65% Zn

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Drilling
The drilling programme which commenced in April 2007, at the Tally Ho Project near Mackay, in
Central Queensland, was completed at the end of May 2007. The programme consisted of 18
reverse circulation holes (2362mRC) and 13 reverse circulation pre-collared diamond holes
(1780mRC & 1600mNQ). Results for the initial portion of the programme have recently been
received, with the best intercepts shown in Table 1.
Results for the remainder of the drill holes (both reverse circulation and diamond drill holes) will be
progressively received over the coming months, with processing of the diamond drill core being on
going, and samples being dispatched for assay over the coming weeks.
The results received to date support that of the earlier drilling undertaken in 2006, and have again
enhanced the grade potential of both Ag (best result 1m (31-32m) at 2330g/t from GRDD6) and
Zn (best result 1m (64-65m) at 30.3% from GRDD7), and indicate greater down hole mineralized
intervals at these elevated levels than previously encountered. The results received to date
suggest that the upper central & northern areas of the breccia pipe / mineralized zone are the
most strongly mineralized.
These results also demonstrate the continuity of the silver-zinc mineralization previously
encountered and have enhanced the grade potential of the system in terms of both Ag & Zn and to
a lesser extent Cu & Pb.
Although gold results are erratic, the potential to locate areas rich in gold-silver mineralization had
been identified in the earlier drilling (previous ASX releases) :
GRRC3 - 4m (26-30m) @ 0.98g/t Au, 170g/t Ag, 1.68% Zn, 0.34% Cu, 2.04% Pb
GRRC11 - 6m (112-118m) @ 1.36g/t Au, 109g/t Ag, 2.18% Zn, 0.27% Cu
GRRC29 - 2m (76-78m) @ 1.07g/t Au, 507g/t Ag, 23.3% Zn, 0.72% Cu
GRDD1 - 1m (170-171m) @ 3.34g/t Au, 1010g/t Ag
GRDD2 - 1m (110-111m) @ 12.25g/t Au, 133g/t Ag
And the recent drilling has again supported this with one hole returning the following:
GRDD6 - 1m (161-162m) @ 23g/t Au, 317g/t Ag
The current round of drilling was undertaken on a regular sectional plan, with sections being 20m
apart, over a strike length of 180m, in order to infill the previous drilling data and to allow Macmin
to determine, with a degree of confidence, the orientation of the breccia pipe / mineralizing
system.
On receipt of all assay results, these will be reviewed fully in light of the intersected geology and
Macmin hopes to be able to establish the three dimensional ‘picture’ of the breccia pipe and
associated mineralization, allowing further evaluation of the Tally Ho project.
D.M. O’Neill
MANAGING DIRECTOR
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Denis O’Neill,
who is a Member of The Australasian Institute of Mining and Metallurgy. Denis O’Neill is a full-time employee of the company.
Denis O’Neill has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he
is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves’. Denis O’Neill consents to the inclusion in the report of the matters based on his information in the form and context in
which it appears.