  Malachite Resources releases assay results from Standon Tin Prospect, NSW
Reported by Proactive Investors on Friday, 20 November 2009 (on November 20, 2009)
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Malachite Resources (ASX: MAR) has received assay results for a program of reverse circulation percussion drilling at the Standon Tin Prospect, part of the company’s Delungra Project in New South Wales.
In all, 26 holes were drilled for a total of 1,605 metres, targeting a large, well defined tin‐in‐soil geochemical anomaly at Standon, one of several prospects identified to date within Malachite’s EL7011.
The soil anomaly is underlain by poorly outcropping Dumboy‐Gragin Granite, with evidence of quartz‐tourmaline‐cassiterite veining and greisen within the granite.
The results included 1m @ 612 ppm Sn from 49m, 7m @ 1152 ppm Sn from 28m, including 1m @ 4460 ppm Sn, and 2m @ 606 ppm Sn from 48m.
The objective of the drilling was to ascertain whether the soil tin anomaly reflected a broad zone of stockwork veining, implying a low grade, bulk tonnage style of mineralisation, or was due to a more limited number of narrow, higher grade veins that are shedding into the soil.
Malachite managing director Garry Lowder said the results indicated that the latter interpretation was more likely in this case.
“We did not find the bulk tonnage target we were hoping for, but there are some quite significant tin intersections in many of the holes and these will encourage us to persevere in this very much underexplored district," Mr Lowder said.
He said the tin mineralisation at Standon was clearly associated with strong tourmaline alteration of the granite host, serving as a guide when evaluating prospects elsewhere at Delungra.
Stream sediment geochemistry within EL7011 has identified a further two anomalies with signatures similar to that at Standon and these will be followed up in the field early in 2010.
Malachite, is a Sydney-based resources company, listed on the ASX in November 2002 and is an active explorer for silver, tin, gold, copper and associated base metals in eastern Australia.
The company recently announced the formation of a strategic alliance with Nanyang Mining Resources Investment that will underpin Malachite’s future growth.
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