Many of those that are interested in Gold also have a liking for Silver. Silver is both a monetary and industrial metal. Australia has in essence only a couple of silver producers. I have been following Malachite Resources ASX Code MAR for some time and have held it for several years…

This latest report shows why:

Silver sparkle on show at Conrad

A NEW mineral resource estimate has been prepared for the Conrad silver project in northern New South Wales, with Malachite Resources upgrading to 19.2 million ounces of silver equivalent.

The new estimate is based on drilling results to date, amounting to over 25,000m in 107 drill holes.

Of the 19.2 million ounces, 9.6Moz is silver, with the balance made up of tin, copper, lead and zinc.

Indium is also present, but has not been included in the calculations as its metallurgical recovery and net smelter return have not yet been investigated.

The company said the estimate was made up of Conrad’s three principal components: Conrad Lode; King Conrad Lode and Greisen Zone.

High-grade zones of mineralisation identified in the Conrad and King Conrad Lodes are expected to be the initial targets for future mining.

The company said to emphasise the significance of the high-grade zones within the lodes, mineral resource estimates have been reported applying defined shapes and a cut-off of 300 grams per tonne silver equivalent and demonstrate 458,000 tonnes at 424gpt silver equivalent for 6.2Moz of silver equivalent, including 3.4Moz of silver.

Read the full story http://www.cnmining.org/news/?id=785

(MAR also has gold, silver, tin, uranium, indium, copper)