EXPLORATION RESULTS
ELSEWHERE AT TOOLOOM

To date Malachite has identified more than 15 separate gold prospects at Tooloom, scattered over a distance of at least 30km north to south and up to 10km east to west (see map).

These prospects exhibit various styles of gold mineralisation, including:

• stockwork quartz vein systems
  (e.g. Back Creek and Rise and Shine);
• sheeted quartz vein systems (e.g. Nine Mile);
• fissure veins (e.g. Republic and Wakey Wakey);
• tectonic breccia (e.g. Cullens and Pine Gully);
• intrusive-hosted (e.g. Frasers and Watsons); and
• intrusive-related (e.g. Phoenix and Joes Gully).

Limited drilling has been conducted at Frasers, Joes Gully, Watsons, Wakey Wakey and Cullens, without significant success as yet.

Apart from Phoenix, which has been the main target in recent periods, the best prospects for future work are currently thought to be:

• Frasers, where three diamond drill holes drilled in 2000 intersected long intervals of low grade copper-gold mineralisation, hosted mainly by a reduced dioritic intrusive;
• Nine Mile, where gold occurs in a sheeted quartz vein system about 20m across, hosted by Emu Creek Formation sediments;
• Back Creek, where coarse grained (visible) gold occurs in a quartz vein stockwork system, also hosted by Emu Creek Formation sediments;
• Joes Gully, where gold occurs in stockwork and bedding-controlled veins associated with an altered intrusive; and
• Watsons, where gold occurs with copper in felsic porphyry that intrudes the Cullens Creek Granite.
• Dividing Creek, where newly recognised intrusive related gold mineralisation is being investigated.

Gold and gold-antimony mineralisation is also present at Cheviot Hills and at Pretty Gully, in the southern part of EL 6263. Some drilling of narrow gold-antimony veins has been conducted by the Company at Cheviot Hills, without significant success. However, this area remains prospective for lower grade, bulk tonnage mineralisation and with further field work may become recognized as the sixth gold-bearing intrusive centre within the Tooloom tenements.

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