silver stock overview, page-5

Out to MMN and MAR, MMN has the largest ownership interest in River Tree project.



12 February , 2008

ROCK CHIP SAMPLES TO 1,660g/t SILVER, 8.19g/t GOLD AND 13.55% LEAD AT RIVERTREE

* Strongly anomalous gold stream sediment value of 256ppb to be followed up over the coming months.
* Rock chip samples returned best result of 1,660g/t silver, 13.55% lead and 3.1% zinc at the Phoenix North workings and best gold result of 8.19g/t on the Phillipines Lode.

Rivertree is located in northern NSW, Australia and forms part of a joint venture between Macmin (75%) and Malachite Resources NL (25%).

Stream Sampling

Results from the stream sediment sampling programme completed late last year have recently been received. The results highlight a north-east trending zone approximately 3km wide and 8km long of coincident metal anomalism associated with the historic lodes and workings of the Rivertree mineral field. Areas outside of this zone have returned low order metal values.

One stream on the southern margin of the northeast trending zone, which drains an area of no known historic workings has returned a very anomalous gold result of 256ppb (the next highest gold result being 61ppb coming from an area of historic workings). Within the dataset gold values greater than 10ppb are considered to be highly anomalous, and have only been returned (other than the above discussed sample) from streams which drain areas of known historic workings.

Follow-up stream sediment sampling, rock chip sampling and prospecting will be undertaken in this area over the coming months.

Rock Sampling

As part of the above stream sediment sampling programme, a number of rock chip samples were also collected; some from historic workings/lodes and others from previously un-sampled areas. The best results are displayed in Table 1, with the best silver result of 1660g/t coming from the Phoenix North workings and the best gold result of 8.19g/t coming from the Phillipines Lode.



There are at least 8 workings/diggings, over a strike length of 700m associated with the Phillipines Lode. All samples from these have returned very encouraging silver and gold values, with some samples also showing strong zinc and lead values (samples numbers 100206, 100207, 100209 & 100210).

One sample collected from the Phoenix North workings has returned an extremely strong silver value of 1660g/t, with a second sample returning strong values for both silver (701g/t) and gold (5.07g/t).

In the coming months further prospecting and mapping of these areas will be undertaken with the view to drill test these prospects and the Big Block prospect.