KINGS GAP PROJECT

The Kings Gap Project is located to the south and southeast of Conrad and just to the north of the small town of Bundarra. It comprises the southern block of EL7349 (83 units) and covers both outcropping Gilgai Granite (the host rock at the Conrad mine) and areas of older Sandon Beds, where the Gilgai Granite is interpreted to have intruded the Sandon Beds and be present at shallow depth. Malachite has begun to explore this area, seeking silver-base metal mineralisation like that exposed at Conrad. Work to date includes stream sediment geochemistry, ground magnetics, geological mapping and reconnaissance prospecting.

The focus has been on several aeromagnetic high zones, located within the Kings Gap EL about 25km southeast of Conrad, that are thought to represent buried Gilgai Granite cupolas. Two of these aeromagnetic anomalies are expressed at surface by large areas of alteration, comprising silicification and iron oxide staining. The iron oxides are thought to be derived from oxidation of sulphide minerals and this interpretation is supported by anomalous geochemistry in the limited rock chip sampling carried out to date.