13 December, 2006	ENTITLEMENTS ISSUE OVERSUBSCRIBED / OPTIONS EXERCISED
05 December, 2006	PRICE QUERY
01 December, 2006	REVISED EPA APPROVAL DATE FOR TWIN HILLS
28 November, 2006	OUTCOME OF ANNUAL GENERAL MEETING
28 November, 2006	CHAIRMAN'S ADDRESS - MACMIN SILVER LTD
10 November, 2006	ALLOTMENT OF SECURITIES
10 November, 2006	ALLOTMENT OF SECURITIES
30 October, 2006	LODGEMENT OF PROSPECTUS / INITIAL ADVICE OF NON-RENOUNCEABLE ENTITLEMENTS ISSUE
25 October, 2006	APPENDIX 5B - SEPTEMBER QUARTERLY REPORT
25 October, 2006	TECHNICAL REPORT - QUARTER ENDED 30TH SEPTEMBER 2006
20 October, 2006	MACMIN TO RECOMMENCE DRILLING AT TALLY HO SILVER PROJECT
12 October, 2006	NEW GUINEA GOLD CORPORATION - MT PENCK PROJECT
24 September, 2006	ANNUAL REPORT FOR YEAR ENDED 30 JUNE 2006
14 September, 2006	NEW GUINEA GOLD CORPORATION - 438g/t Gold & 485g/t Silver in Drill Core At Imwauna, PNG
13 September, 2006	TALLY HO PROJECT PURCHASED - VENDORS OPT FOR MACMIN SHARES
13 September, 2006	ALLOTMENT OF SECURITIES
04 September, 2006	MACMIN DRILLS FURTHER SILVER MINERALISATION AT TALLY HO
04 September, 2006	CORRECTION TO RELEASE ON TALLY HO OF 30 AUGUST 2006
31 August, 2006	MACMIN DRILLS INTO SILVER MINERALISED SYSTEM AT TALLY HO
31 August, 2006	TWIN HILLS SILVER MINE - UPDATE
14 August, 2006	ALLOTMENT OF SECURITIES
14 August, 2006	ALLOTMENT OF SECURITIES
04 August, 2006	MACMIN COMMENCES DRILLING AT TALLY HO SILVER PROJECT
28 July, 2006	JUNE QUARTERLY REPORT
19 June, 2006	CHANGE OF SHARE REGISTER ADDRESS NOTIFICATION
13 June, 2006	PRICE QUERY
09 June, 2006	NEW GUINEA GOLD CORPORATION REPORTS HIGH GRADE GOLD RESULTS AT IMWAUNA PROJECT, PNG
08 June, 2006	AUDIO BROADCAST – EUROPEAN INVESTOR ROADSHOW UPDATE
05 June, 2006	TWIN HILLS SILVER MINE PROGRESS REPORT
05 June, 2006	ALLOTMENT OF SECURITIES
22 May, 2006	MACMIN SILVER UPDATE
09 May, 2006	MACMIN SIGNS OPTION TO PURCHASE AGREEMENT OVER TALLY HO SILVER PROJECT
28 April, 2006	TECHNICAL REPORT - QUARTER ENDED 31ST MARCH 2006
13 April, 2006	ALLOTMENT OF SECURITIES
07 April, 2006	MACMIN PURCHASES DRILL RIG
31 March, 2006	ALLOTMENT OF SECURITIES
16 March, 2006	MACMIN STARTS DRILLING AT RIVERTREE PROJECT
16 March, 2006	ALLOTMENT OF SECURITIES
08 March, 2006	HALF-YEARLY REPORT - FOR THE PERIOD ENDED 31 DECEMBER 2005
06 March, 2006	PRIVATE PLACEMENT
01 March, 2006	ALLOTMENT OF SHARES
23 February, 2006	TEXAS SILVER PROJECT UPDATE
22 February, 2006	PRICE QUERY
22 February, 2006	ALLOTMENT OF SHARES
17 February, 2006	APPENDIX 3Y - CHANGE OF DIRECTOR’S INTEREST NOTICE
15 February, 2006	ALLOTMENT OF SHARES
14 February, 2006	AvW INVEST AG PURCHASES 1.5% INTEREST IN MACMIN SILVER LTD
31 January, 2006	ALLOTMENT OF SHARES
27 January, 2006	TECHNICAL REPORT - QUARTER ENDED 31ST DECEMBER 2005
25 January, 2006	MACMIN CONFIRMS SILVER-GOLD MINERALISATION AT STAR OF HOPE LODE, BOONOO BOONOO PROJECT
16 January, 2006	SHARE PURCHASE PLAN COMPLETED / EXERCISE OF OPTIONS
12 January, 2006	CHANGE OF DIRECTOR'S INTEREST NOTICE
06 January, 2006	BPAY PROBLEM
04 January, 2006	SHARE PURCHASE PLAN

13 December, 2006

ENTITLEMENTS ISSUE OVERSUBSCRIBED
OPTIONS EXERCISED

Entitlements Issue

The 1 for 15 Entitlements Issue which closed last Friday 8 December was oversubscribed and a small number of applicants will not receive all the additional shares for which they applied. The Entitlements Issue is the largest ever undertaken by the Company and raised $8.62 million before costs. The total of 28,736,427 shares and 14,368,214 free attaching MMNO listed options are scheduled to be issued on Monday 18 December 2006 following the clearing of funds received.

The success of the issue demonstrates the support that exists for the Company among its shareholders. The Board is very pleased by the result and extend their thanks to all participants for their continued commitment to the growth of the Company and development of its silver projects.

Funds raised will be used for an aggressive exploration plan in 2007, including an extensive programme of drilling at Mt Gunyan (1.5km north of Twin Hills) to determine the viability of applying for a mining licence at that prospect. If a suitable orebody can be defined at Mt Gunyan it is likely that the ore can be trucked to the existing processing facility at Twin Hills.

The Company's newest project at Tally Ho, via Mackay, will also be fast-tracked using funds from the issue for an ambitious campaign of surface exploration and drilling commencing early in 2007.

Appendix 3Y "Change of Directors Interest Notices" for 5 directors are attached.

Exercise of Unlisted Options

An Appendix 3B is attached in respect of the issue of 210,000 fully paid ordinary shares pursuant to the exercise of 210,000 unlisted options at 20 cents.

Yours faithfully,
MACMIN SILVER LTD

Garry Edwards
Company Secretary

 

 

5 December, 2006

PRICE QUERY

Please find below a response to the questions in letter of today's date.

1.	Q.	Is the Company aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company?
	A.	No.
2.	Q.	If the answer to question 1 is yes, can an announcement be made immediately? If not, why not and when is it expected that an announcement will be made?
	A.	N/A
3.	Q.	Is there any other explanation that the Company may have for the price change and increase in volume in the securities of the Company?
	A.	The Company is currently in the commissioning phase of its Twin Hills Silver Mine at Texas, Queensland. Once production starts in early 2007, the Company will join the worldwide ranks of a small number of primary silver producers. In recent days, the Australian dollar silver price (AUD$17.70 per ounce) has reached levels not seen since its highest price in May 2006 (AUD$19.00 per ounce) when the Company's share price reached AUD$0.44. The current level of investor interest in the Company may be related to the rising silver price and may have contributed to the recent price and volume changes in the securities of the Company.
4.	Q.	Please confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1.
	A.	Macmin Silver Ltd takes a very serious approach to it obligations under the disclosure requirements and we confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1.

Yours faithfully


Denis O'Neill
Managing Director

 

1 December, 2006

REVISED EPA APPROVAL DATE FOR TWIN HILLS

The Chairman's address to the Company AGM on Tuesday stated "We believe we have now complied with all requirements of the EPA and expect final approval by the end of 2006". This was based on a decision date of 2 December 2006 previously advised by the EPA in respect of the draft Environmental Authority.

We have today received a ‘Notice of extension of time for decision', which moves the decision date to 2 March 2007. In that notice the EPA advise that "additional time is necessary to allow for the preparation and review of the draft Environmental Authority".

Along with the Notice, the EPA have supplied a preliminary draft Environmental Authority and advise that they are working on further non-standard conditions to be included in the final draft Environmental Authority. The EPA also advise "it is anticipated this entire period (to 2 March 2007) will not be required to finalise the Environmental Authority".

The Company is actively working with the EPA and our environmental consultants to finalise requirements and ensure that the delay (if any) in silver production will be minimal. In the meantime, we are confident that staff and equipment at the site can be productively employed in ongoing site works and commissioning activities.


G.M. Edwards
COMPANY SECRETARY

 

 

28 November, 2006

OUTCOME OF ANNUAL GENERAL MEETING

In accordance with Listing Rule 3.13.2, I advise that all motions as per the Notice of Meeting were carried without amendments.

The table below lists the proxies received in respect of each motion. All resolutions were decided by a show of hands.

Motion	Result	Proxy Details
		For	Against	Abstain	No Direction Given	Total
Re-election of R.D.McNeil as Director	Carried	20,097,850	44,000	10,000	28,000	20,179,850
Re-election of G.G. Lowder as Director	Carried	19,501,350	40,500	610,000	28,000	20,179,850
Re-election of E.G. Newman as Director	Carried	20,066,842	28,000	57,008	28,000	20,179,850
Ratification of Previous Issues of Securities	Carried	19,771,850	335,000	45,000	28,000	20,179,850
Increase in Fee Pool for Non-Executive Directors	Carried	16,192,157	801,427	2,870,354	315,912	20,179,850
Advisory/Non-binding Vote on Remuneration Report	Carried	17,634,496	248,000	2,269,354	28,000	20,179,850

Yours faithfully,

MACMIN SILVER LTD



G.M. Edwards
Company Secretary

 

28 November, 2006

CHAIRMAN'S ADDRESS

Welcome to the 14^th AGM of Macmin Silver Ltd.

I am pleased to be able to report to you that we are on track to produce silver in the first quarter 2007. 2006 has been a successful year in terms of the share price with the price rising from 15 cents in November last year to a high of 44 cents in July when silver peaked at just under $US15/oz and is now sitting around 30 cents with silver over US$13/oz. When silver exceeds its high of US$15/oz I believe we can expect the share price to test its previous high of 44 cents.

In terms of mine development, 2006 has been difficult and we have to note with regret that production has been delayed until early 2007.

The delays in proceeding to production were many and largely caused by three factors - initially the weather, then difficulty in obtaining some equipment due to the high level of activity in the industry and finally due to more rigorous requirements and studies by the Environmental Protection Agency (EPA) than we had expected. As of today the construction is nearing completion with only construction of the storm water dam wall and waste rock dump drainage system to be finished to EPA requirements.

Plant commissioning of the crushing, agglomerating and heap stacking system have commenced. The electrowinning circuit is ready for wet commissioning.

We believe that we have now complied with all requirements of the EPA and expect final EPA approval by the end of 2006. This will allow us to almost immediately commence processing of silver ore with silver production thereafter.

Over the succeeding few months we expect that silver production will gradually be increased to the initial expected annualised rate of 2.5M ozs/year. If silver exceeds US$15/oz next year we will look at increasing production further.

There are some unresolved points - notably whether we choose to sell our silver product directly or whether we decide to have it refined to silver bullion or a combination of both. We have formed a sales committee to follow this through but it probably cannot be resolved until we produce sufficient powder to allow end users to determine if it suits their needs.

Exploration has been fairly low key throughout 2006, but we had a very significant discovery at Tally Ho in central/east Queensland. As a result of this discovery and our desire to fully optimise exploration opportunities in the Texas area we recently decided that we should very substantially increase exploration in the near term - thus the reason for the current Rights Issue. We also have zinc potential we would like to pursue at the Silver Spur prospect at Texas. We take the view that the silver price is likely to be higher in 2007. We want to have a much greater exploration program in progress when this happens to take advantage of the likely enthusiasm for silver at that time. We considered we should not wait until mid 2007 to be able to substantially increase our exploration budget. With the funds raised by the Rights Issue we will also be able to look at other opportunities to expand your company.

In terms of investments, New Guinea Gold, Malachite and Frontier are all generating positive exploration results with New Guinea Gold looking especially attractive.

The final point I would like to make is the very substantial backing the company gets from European investors. Over 40% of our shares are held by shareholders who reside in Germany and Switzerland.

Before closing I would like to introduce Bill Guthrie who is the General Manager of the Texas Project and extend my thanks to director Ed Newman who has worked tirelessly at Texas and to our Managing Director Denis O'Neill for his excellent leadership.

In closing I wish all shareholders a Prosperous 2007 and thank you for your support over the past years.




R.D.McNeil
Chairman

 

 

10 November, 2006

ALLOTMENT OF SECURITIES

In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 57,500 fully paid ordinary shares at $0.25 per share pursuant to the exercise of MMNO options.

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.

Yours faithfully,
MACMIN SILVER LTD


Garry Edwards
Company Secretary

 

 

 

10 November, 2006

ALLOTMENT OF SECURITIES

In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 141,202 fully paid ordinary shares at $0.25 per share pursuant to the exercise of MMNO options.

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.

Yours faithfully,
MACMIN SILVER LTD


Garry Edwards
Company Secretary

 

 

30 October, 2006

LODGEMENT OF PROSPECTUS

Macmin Silver Ltd has lodged a prospectus with ASX and ASIC for a 1 for 15, non-renounceable Entitlements Issue of shares at 30 cents, with one free option accompanying every two New Shares allotted, to raise up to a maximum of approximately $8.64 million. The record date is 10 November 2006 and the issue will close on 8 December 2006.

The purpose of the issue is to significantly upgrade our exploration activities during the coming year, with the purpose of increasing the silver resources base of the Company.

The attached initial advice to shareholders and optionholders contains further details and will be mailed to each shareholder and optionholder on 31 October 2006.

An appendix 3B in respect of the issue is also attached.



Yours faithfully,
MACMIN SILVER LTD


Garry Edwards
Company Secretary

 

 

Dear Shareholder / Optionholder,

INITIAL ADVICE OF NON-RENOUNCEABLE ENTITLEMENTS ISSUE

Macmin Silver Ltd (Macmin) is pleased to inform you of a non-renounceable Entitlements Issue to raise up to a maximum of approximately $8.64 million.

The purpose of the issue is to significantly upgrade our exploration activities during the coming year, with the purpose of increasing the silver resources base of the Company.

The Board is committed to a policy of increasing the silver resources base of the Company through further exploration and acquisitions to provide a pipeline of advanced projects to secure the long-term future of the Company. While some might argue that the cashflow from Twin Hills should be applied to this strategy, the Board considers that the expansion of the resources base at Twin Hills and the upgrading of annual production rates will utilise much of the early cashflow from the Twin Hills project. The Board considers that the most appropriate way to create shareholder value is to pursue an aggressive strategy to seek to increase the resource base of the Company. The rise in the price of silver over the course of the last two years and its predicted continued rise has encouraged the Board to pursue this aggressive growth strategy.


The Entitlements Issue

Macmin is making a non-renounceable Entitlements Issue of up to 28.8 million fully paid ordinary shares at 30 cents per New Share. Every two New Shares are accompanied by a free New Option exercisable at 25 cents on or before 30 October 2008. If fully subscribed, the Issue will raise up to a maximum of approximately $8.64 million. The offer does not require shareholder approval.

Shareholders registered or entitled to be registered at 5pm on 10 November 2006 are offered 1 New Share for every 15 Shares then held, at an issue price of 30 cents per New Share. The "ex" date for entitlements is 3 November 2006, therefore shares purchased after 2 November will not provide the buyer with entitlements in the issue. Where fractions arise in the calculation of Entitlements, they will be rounded up to the next whole number of New Shares. Entitlements will be shown on the personalised Entitlement and Acceptance Form which will accompany the Prospectus when it is mailed to shareholders.

The New Shares and New Options will rank equally in all respects from the date of issue with existing securities. There are no entitlements to New Shares for options currently held. An Optionholder who exercises options and becomes registered as the holder of the shares issued on exercise of the options by 5pm on 10 November 2006 will be entitled to participate in the Entitlements Issue in respect of those shares.

A Prospectus detailing the non-renounceable Entitlements Issue was lodged by Macmin with the Australian Securities & Investments Commission on 30 October 2006. A copy is available on the Macmin website www.macmin.com.au. The Prospectus, with personalised Entitlement and Acceptance Form, is expected to be mailed on 14 November 2006.

Before making a decision whether to take up any of these entitlements to shares, please carefully read the Prospectus. The offer closes at 5pm on 8 December 2006.

Eligible shareholders wishing to participate in this offer should either pay by BPAY (if you have an account with an Australian financial institution) or complete the Entitlement and Acceptance Form in accordance with the instructions set out on the form and forward it together with an Australian dollar cheque or bank draft to Link Market Services, Macmin's share registry.

Shareholders not wishing to take up their entitlements may not dispose of those entitlements.

Key Dates

SUMMARY OF PRINCIPAL DATES
"Ex" Date for entitlements	3 November 2006
Record Date to determine Entitlements	10 November 2006
Prospectus and Entitlement and Acceptance Forms despatched	14 November 2006
Offer closes - last date for lodgement of Entitlement and Acceptance Forms and payment of application money	8 December 2006
New Shares issued and holding statements despatched	18 December 2006

If you have any questions regarding your entitlements or the mailing of the Prospectus and the accompanying Entitlement and Acceptance Form, please contact Macmin's share registry on (02) 8280 7454 or +61 2 8280 7454 for overseas callers.


Yours faithfully,


Garry Edwards
Company Secretary

 

 

20 October, 2006

MACMIN TO RECOMMENCE DRILLING AT TALLY HO SILVER PROJECT

The success of the first ever drilling programme to test for silver mineralisation at the Tally Ho Silver Project near Mackay in Central Queensland has encouraged the Company to embark on a further drilling programme prior to the onset of the ‘wet' season. The programme consists of 1,000 metres of reverse circulation (RC) drilling and 1,000 metres of diamond drilling and commences on or about October 25th.

During September, the Company acquired a 100% interest in the Tally Ho Silver Project tenements. In addition, two further exploration areas for silver were applied for in the Mackay region. In light of our assessment of the initial findings at Tally Ho, we believe this region displays significant potential to host Intrusion Related Mineralising Systems (silver, gold, zinc, lead, copper).

The final results from the 18 hole RC drilling programme (2,313m) carried out in August have now been received and a table of all significant results is presented. Results from holes GRRC1 to GRRC11 have previously been reported on. Drill hole GRRC8 encountered the best intercept of 20m (downhole) @ 292g/t silver, 1.74% zinc and 0.25% copper or 503g/t silver equivalent.

The drilling has demonstrated that silver and base metal mineralisation is hosted in a ‘breccia pipe' unit within the Tally Ho Intrusive Complex (THIC). Although the ‘breccia' occurs in outcrop, the initial drilling has shown that it is more extensive at depth.

Diamond drilling will be undertaken to test the depth extent of silver mineralisation, as several holes terminated in silver mineralisation in the initial RC programme. In addition, drill testing (RC) will also be aimed at extending the strike extent of the mineralised system.

The tenor of the silver values coupled with the consistent zinc and copper credits shows the signs of a very promising project.


Table 1

				• Assays				*In ground Value
Hole No.	From To (m)	Downhole Interval (m)	Silver (g/t)	Gold (g/t)	Zinc (%)	Copper (%)	Lead (%)	Silver Equiv. (g/t)
GRRC1	12-40	28	77	-	1.71	0.19	0.49	287
GRRC3	26-58 (incl. 26-30) (incl. 50-52) 70-78	32 4 2 8	65 170 118 241	0.24 0.98 0.41 -	- 1.68 1.73 -	- 0.3 0.34 -	- 2.04 0.11 -	77 498 367 241
GRRC4	24-40 (incl. 24-26)	16 2	134 535	- 0.22	1.55 2.13	0.23 0.51	- 0.42	325 860
GRRC5	60-62	2	49	-	-	-	0.49	64
GRRC7	10-30 (incl. 12-14)	20 2	107 512	- 0.17	0.6 4.38	0.22 1.09	1.0 0.91	238 1,177
GRRC8	36-44 56-76 88-92	8 20 4	46 292 72	- - -	0.43 1.74 1.20	- 0.25 -	0.25 - -	92 503 191
GRRC9	100-108 114-116 126-130	8 2 4	20 39 120	- - -	1.12 1.30 2.47	- - 0.25	- - -	122 157 398
GRRC11	60-66 70-80 106-108 112-118 146-154	6 10 2 6 8	41 115 195 109 76	- 0.14 - 1.36 -	0.12 1.42 - 2.18 -	0.22 0.16 - 0.27 0.17	0.23 0.33 - - -	99 231 195 437 112
GRRC12	146-150	4	38	-	0.92	-	0.17	126
GRRC13	116-120	4	10	0.2	0.15	-	-	35
GRRC14	40-44	4	11	-	0.14	-	-	24

Notes:

1. *The silver equivalent grades are tabulated, as silver is the metal of major economic significance encountered in the drill intercepts. The following metal prices were used in the calculation. Silver AUD$15/oz, copper AUD$4.66/lb, zinc AUD$2.00/lb, lead AUD$0.66/lb, gold AUD$800/oz. Silver equivalent values will change over time as any one or more metal prices change.
   
   
2. • True widths of the intervals quoted are not listed, as the orientation of the mineralised zone is uncertain.

Table 2 Co-ordinates (Datum GDA94)

Hole No.	Easting MGA	Northing MGA	RL	DIP	AZI MAG	Depth (m)
GRRC1	688752.0	7632751.0	260	-50	357	40
GRRC3	688752.0	7632745.0	260	-75	357	108
GRRC4	688765.0	7632751.0	260	-50	330	154
GRRC5	688757.0	7632705.9	245	-48	307	154
GRRC6	688758.0	7632705.0	245	-58	317	154
GRRC7	688746.0	7632744.0	260	-51	246	106
GRRC8	688784	7632805	300	-60	205	154
GRRC9	688747	7632840	300	-51	75	154
GRRC10	688745	7632839	300	-64	75	150
GRRC11	688756	7632829	300	-60	105	154
GRRC12	688735	7632841	300	-60	322	154
GRRC13	688726	7632837	300	-70	265	154
GRRC15	688790	7632808	300	-60	150	154

DRILLING AND SAMPLING DETAILS

All samples were collected as percussion chips/dust from the reverse circulation drilling rig. Assay samples were collected over 2m intervals through the mineralised zones and over 4m intervals through the visually non-mineralised zones.

As part of the Company's quality control programme, a duplicate sample is collected about every 20 samples and submitted under a different sample number providing a check on repeatability.

Assaying is carried out by ALS Chemex in Brisbane using the ICP technique for silver, copper, lead, zinc, arsenic, antimony, bismuth and molybdenum. Gold is assayed by the ICPMS technique.

 

D.M. O'Neill
MANAGING DIRECTOR

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Denis O'Neill, who is a Member of The Australasian Institute of Mining and Metallurgy. Denis O'Neill is a full-time employee of the company.
Denis O'Neill has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Denis O'Neill consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 

 

 

12 October, 2006

NEW GUINEA GOLD CORPORATION

MT PENCK PROJECT

New Guinea Gold Corporation, in which Macmin Silver Ltd holds 17.7 million shares, or approx. 18% equity interest, issued the following press release in Canada on 11^th October 2006.

Sincerely,


D.M. O’Neill
MANAGING DIRECTOR

This report is based on & accurately reflects information compiled by a competent person as defined in Appendix 5A of the ASX Listing Rules

 

 

 

24 September, 2006

ANNUAL REPORT FOR YEAR ENDED 30 JUNE 2006

We enclose the Annual Report for the year ended 30 June 2006.

The Annual General Meeting of Shareholders will be held at the Hall of the Anglican Church of the Holy Spirit, 73 Salerno Street, Isle of Capri, Queensland on Tuesday 28 November at 2.00pm.

Yours faithfully
MACMIN SILVER LTD


G.M. Edwards
Company Secretary

 

 

14 September, 2006

NEW GUINEA GOLD CORPORATION

438g/t Gold & 485g/t Silver in Drill Core At Imwauna, PNG

Macmin Silver Ltd attaches the following release by associated company, New Guinea Gold Corporation (NGG), in which it holds an 18% equity interest.

These recent drill intercepts of high grade gold mineralisation in the Imwauna Project on Normanby Island continue to build on very good results achieved in drilling earlier in 2006 and are expected to help provide a substantial resource base.

It should be noted that Macmin is to receive a 1% Net Smelter Return on all production by NGG and if NGG produces in excess of 50,000 ounces of gold in any year, Macmin will receive a "one-off" issue of shares in NGG equivalent to 9% of issued equity of NGG at the time.


Yours faithfully



D.M. O'Neill
MANAGING DIRECTOR

This report is based on & accurately reflects information compiled by a competent person as defined in Appendix 5A of the ASX Listing Rule

 

 

 

13 September, 2006

TALLY HO PROJECT PURCHASED - VENDORS OPT FOR MACMIN SHARES

Encouraged by initial drilling results, the Company has moved to exercise its option over the Tally Ho project near Mackay. The Company announced that it had secured an option to purchase the project on 9^th May 2006.

The vendors had the right to receive cash or equivalent shares for the $300,000 purchase consideration. The Company is pleased to advise that the vendors opted to receive shares and 937,500 fully paid ordinary shares have been issued today to complete the transaction.

• The Tally Ho silver project is located approximately 50 km south west of Mackay in Central Coastal Queensland and consists of 2 granted Mining Leases (ML's 4770 and 4727), a surrounding Mineral Development Licence Application (MDL272) and a 24 sub-block (78sq.km) Exploration Permit for Minerals (EPM15168).

• Macmin's initial test drilling of the Tally Ho workings has given, as recently reported, a best downhole intercept of 20m at 292g/t silver, 1.74% zinc and 0.25% copper or 502g/t silver equivalent.

In addition, Macmin has applied for 2 further exploration areas for silver in the Mackay region. The Pisgah tenement comprising 23 sub-blocks (69km²) covers the northern part of the Tally Ho Intrusive Complex (THIC). In light of our assessment of the initial findings at Tally Ho, we believe the THIC has significant potential to host Intrusion Related Mineralising Systems (silver, gold, zinc, lead, copper).

A second area comprising 86 sub-blocks (258km²) - Mt Scott - is situated 75km south of Mackay and covers the Mt Scott Granite. This area has been the subject of previous exploration with stream geochemistry and prospecting, which located a number of prospects. At the Mt Scott South prospect, a 1.2km² sulphide system containing up to 5% pyrite occurs in a series of quartz stringer and quartz vein zones approximately 100m in aggregate width and a strike length of 500m. These veins occur near a breccia body (100m long by 80m wide) with porphrytic granite clasts within a sulphide matrix.

Once these tenements are granted, an intensive programme of exploration will be undertaken to evaluate their potential to host Tally Ho style mineralisation.


D.M. O'Neill
MANAGING DIRECTOR

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Denis O'Neill, who is a Member of The Australasian Institute of Mining and Metallurgy. Denis O'Neill is a full-time employee of the company.

Denis O'Neill has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Denis O'Neill consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 

 

 

13 September, 2006

ALLOTMENT OF SECURITIES

In accordance with Listing Rule 3.10.5 we advise that the Company has issued a total of 1,827,500 fully paid ordinary shares. The shares were issued as follows:

Consideration for Tally Ho Silver Project

• 937,500 shares at $0.32 per share in consideration for exercising the option to purchase the Tally Ho Silver Project.
  
  The Company seeks to rely on case 1 in Section 708A(5) of the Corporations Act ("Act") in respect of the issue of those shares.
  
  The Company gives notice under paragraph (5) (e) of Section 708A of the Act to confirm that:
  

1. The Company issued the above shares without disclosure to the placees under Part 6D.2 of the Act.
2. As at the date of this notice the Company has complied with:
   (a) The provisions of Chapter 2M of the Act (as applicable to the Company); and
   (b) Section 674 of the Act.
3. At the date of this notice there is no excluded information (as defined in paragraph (7) of Section 708A of the Act) which is required to be disclosed by the Company.

Exercise of Options

• 600,000 at $0.20 per share pursuant to the exercise of director options;
• 40,000 at $0.20 per share pursuant to the exercise of employee options; and
• 250,000 at $0.15 per share pursuant to the exercise of employee options.

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue and Appendix 3Y Change of Directors Interest Notice are attached.

Yours faithfully,
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary

 

 

 

04 September, 2006

MACMIN DRILLS FURTHER SILVER MINERALISATION AT TALLY HO

Macmin has completed an 18 hole Reverse Circulation (RC) drilling programme at the Tally Ho project in Central Queensland over which it has an option to purchase agreement with the current owners. The results from the first 6 holes were released 31 August. Assay results from holes GRRC8, GRRC9, GRRC10 and GRRC11 have now been received.

Highlights of the latest holes are as follows (downhole intercepts):

GRRC8	-	8m @ 46g/t silver, 0.25% lead, 0.43% zinc
	-	20m @ 292g/t silver, 1.74% zinc and 0.25% copper
	-	4m @ 72g/t silver, 1.2% zinc
GRRC9	-	8m @ 20g/t silver, 1.12% zinc
	-	4m @ 120g/t silver, 2.47% zinc, 0.25% copper
GRRC11	-	10m @ 115g/t silver, 0.14g/t gold, 1.42% zinc
	-	2m @ 195g/t silver, 0.16% copper
	-	6m @ 109g/t silver, 1.36g/t gold, 2.18% zinc, 0.27% copper
	-	8m @ 76g/t silver, 0.17% copper

Drill hole GRRC8 was drilled in to the breccia ‘pipe' from the east towards Adit 1 and intersected the highest silver values encountered to-date: 20m @ 292g/t silver, 1.74% zinc and 0.25% copper or 502g/t silver equivalent.

Lower grade silver mineralisation was encountered above and below this intercept.

Hole GRRC9 was drilled beneath a breccia ‘pipe' outcrop approximately 150m north east of Adit 1 and encountered a best intercept of 4m at 120g/t silver, 2.47% zinc and 0.25% copper, with lower grades of silver mineralisation above and below the intercept.

Hole GGRC10 was drilled at a steeper angle beneath GRRC9 but terminated as it entered the breccia ‘pipe'.

Hole GRRC11 was drilled midway between the Adit 1 area and the intercept in GRRC9. There was no surface expression of the breccia ‘pipe' above where the drill hole penetrated. Between 70 and 80m downhole, a 10m intercept of 115g/t silver, 0.14g/t gold, 1.42% zinc, 0.33% lead and 0.16% copper was encountered. At 112m downhole, an intercept of 6m at 109g/t silver, 1.36g/t gold, 2.18% zinc and 0.27% copper was located. The hole terminated in an 8m interval of 76g/t silver and 0.17% copper. These intercepts have extended the area over which the silver mineralisation occurs and the intercept recorded in GRRC8 confirms the tenor of values obtained in the historical sampling carried out in Adit No. 1 and Adit No. 2.

Table 1.

				• Assays				*In ground Value
Hole No.	From To (m)	Downhole Interval (m)	Silver (g/t)	Gold (g/t)	Zinc (%)	Copper (%)	Lead (%)	Silver Equiv. (g/t)
GRRC8	36-44 56-76 88-92	8 20 4	46 292 72	- - -	0.43 1.74 1.20	- 0.25 -	0.25 - -	92 503 191
GRRC9	100-108 114-116 126-130	8 2 4	20 39 120	- - -	1.12 1.30 2.47	- - 0.25	- - -	122 157 398
GRRC11	60-66 70-80 106-108 112-118 146-154	6 10 2 6 8	41 115 195 109 76	- 0.14 - 1.36 -	0.12 1.42 - 2.18 -	0.22 0.16 - 0.27 0.17	0.23 0.33 - - -	99 231 195 437 112

Notes:

1. *The silver equivalent grades are tabulated, as silver is the metal of major economic significance encountered in the drill intercepts. The following metal prices were used in the calculation. Silver AUD$15/oz, copper AUD$4.66/lb, zinc AUD$2.00/lb, lead AUD$0.66/lb, gold AUD$800/oz. Silver equivalent values will change over time as any one or more metal prices change.
   
   
2. • True widths of the intervals quoted are not listed, as the orientation of the mineralised zone is uncertain.

Drilling and Sample Details

All samples were collected as percussion chips/dust from the reverse circulation drilling rig. Assay samples were collected over 2m intervals through the mineralised zones and over 4m intervals through the visually non-mineralised zones.

As part of the Company's quality control programme, a duplicate sample is collected about every 20 samples and submitted under a different sample number providing a check on repeatability.

Assaying is carried out by ALS Chemex in Brisbane using the ICP technique for silver, copper, lead, zinc, arsenic, antimony, bismuth and molybdenum. Gold is assayed by the ICPMS technique.

Table 2. Co-ordinates (Datum GDA94)

Hole No.	Easting MGA	Northing MGA	RL	DIP	AZI MAG	Depth (m)
GRRC8	688784	7632805	300	-60	205	154
GRRC9	688747	7632840	300	-51	75	154
GRRC10	688745	7632839	300	-64	75	150
GRRC11	688756	7632829	300	-60	105	154

D.M. O'Neill
MANAGING DIRECTOR

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Denis O'Neill, who is a Member of The Australasian Institute of Mining and Metallurgy. Denis O'Neill is a full-time employee of the company.

Denis O'Neill has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Denis O'Neill consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 

 

 

04 September, 2006

CORRECTION TO RELEASE ON TALLY HO OF 30 AUGUST 2006

The text and table of drill results in the above release were correct, however, I wish to advise of an incorrect assay value on a drill cross section which accompanied the release on Tally Ho drill results of 30th August.

A figure “28m @ 77g/t Au” should have read “28m @ 77g/t Ag”.

A cross section with the correct assay interval is attached.


D.M. O’Neill
MANAGING DIRECTOR

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Denis O’Neill, who is a Member of The Australasian Institute of Mining and Metallurgy.

Denis O’Neill is a full-time employee of the company. Denis O’Neill has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Denis O’Neill consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 

 

31 August, 2006

MACMIN DRILLS INTO SILVER MINERALISED SYSTEM AT TALLY HO

Macmin has completed an 18 hole Reverse Circulation (RC) drilling programme at the Tally Ho project in Central Queensland over which it has an option to purchase agreement with the current owners. The results of the first six holes have been received.

Highlights are as follows (downhole intercepts):

GRRC1	-	28m @ 77g/t silver, 1.71% zinc, 0.19% copper, 0.49% lead
		Or 287g/t silver equivalent*
GRRC3	-	4m @ 170g/t silver, 0.98g/t gold, 1.68% zinc, 0.34% copper, 2.04% lead
		Or 498g/t silver equivalent*
	-	8m @ 241g/t silver
GRRC4	-	16m @ 134g/t silver, 1.55% zinc, 0.23% copper
		Or 325g/t silver equivalent*
GRRC7	-	20m @ 107g/t silver, 0.6% zinc, 0.22% copper, 1.0% lead
		Or 238g/t silver equivalent*
		(includes 2m @ 512g/t silver, 0.17g/t gold, 4.38% zinc, 1.09% copper, 0.91% lead or 1,177g/t silver equivalent*)

*Silver equivalent values are calculated using metal prices shown in Note 1 of Table 1.

Drill holes GRRC1, GRRC2, GRRC3, GRRC4 and GRRC7 intersected a brecciated altered granite as a ‘pipe-like' body, cemented by open-spaced quartz veining containing vugs and clots of sulphides. The ‘apparent' width of the breccia is approximately 13m in Adit 1 and drilling beneath the adit indicates a 15-20m apparent width over the 80 vertical metres drilled thus far (Figure 1). The size, shape and depth extent of this ‘pipe-like' zone will require further drilling to delineate.

Hole GRRC 2 drilled into a shaft at 21m and was abandoned and not sampled.

Hole GRRC7 was drilled from the Adit 1 entrance towards Adit 2 and intersected the breccia above Adit 2. Holes GRRC5 and GRRC6 failed to intersect the breccia beneath Adit 2.

Silver mineralisation appears confined to the breccia unit and is dispersed throughout, from low grade values (10g/t) to high grade (535g/t). Two different silver mineralisation styles are present in hole GRRC3 with a silver plus base metal zone in the upper part of the hole (26-30m; 4m @ 170g/t silver, 0.98g/t gold, 1.68% zinc, 0.3% copper and 2.04% lead) and a silver only zone lower in the hole (70-78m; 8m @ 241g/t silver). The upper zone is part of a 32m downhole intercept of 65g/t silver and 0.24g/t gold.

Drill hole assays are set out in Table 1 and drill hole data in Table 2. Figure 1 presents a diagrammatic cross-section of the drilling below Adit 1.

Considering that no previous drilling has been undertaken on the project, we are highly encouraged by the tenor of silver values plus base metal credits intersected in these first holes. The fact that the breccia is present at surface and extends to undetermined depths certainly makes the breccia ‘pipe' an attractive target to evaluate.

A comprehensive report on this programme will be compiled once all assay results have been received and evaluated.

Photo 1. Breccia ‘pipe' in Adit 1

Figure 1.

Table 1.

Notes:

1. *The silver equivalent grades are tabulated, as silver is the metal of major economic significance encountered in the drill intercepts. The following metal prices were used in the calculation. Silver AUD$15/oz, copper AUD$4.66/lb, zinc AUD$2.00/lb, lead AUD$0.66/lb, gold AUD$800/oz. Silver equivalent values will change over time as any one or more metal prices change.
2. • True widths of the intervals quoted are not listed, as the orientation of the mineralised zone is uncertain.

Drilling and Sampling Details

All samples were collected as percussion chips/dust from the reverse circulation drilling rig. Assay samples were collected over 2m intervals through the mineralised zones and over 4m intervals through the visually non-mineralised zones.

As part of the Company’s quality control programme, a duplicate sample is collected about every 20 samples and submitted under a different sample number providing a check on repeatability.

Assaying is carried out by ALS Chemex in Brisbane using the ICP technique for silver, copper, lead, zinc, arsenic, antimony, bismuth and molybdenum. Gold is assayed by the ICPMS technique

 

Table 2. Co-ordinates (Datum GDA94)

 

D.M. O’Neill

MANAGING DIRECTOR

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Denis O’Neill, who is a Member of The Australasian Institute of Mining and Metallurgy.

Denis O’Neill is a full-time employee of the company. Denis O’Neill has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Denis O’Neill consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 

 

31 August, 2006

TWIN HILLS SILVER MINE - UPDATE

SENIOR MINE EXECUTIVE APPOINTMENTS

Macmin is pleased to announce the appointment of Mr Bill Guthrie to the position of General Manager - Operations, responsible for the management of the Twin Hills Silver Mine. Bill held a number of senior management positions including Process Manager and Research Manager within Queensland Magnesia, based at Rockhampton, over a 15 year period from 1990 to 2005. The appointment is effective from 21 August 2006.

Mr Norman Davidson has accepted the position of Senior Mining Engineer with responsibility for the oversight of mining services at both Twin Hills and associate company, New Guinea Gold's Mt Sinivit gold project (PNG), currently under construction. Norman has over 35 years' experience, having worked in Indonesia, Papua New Guinea, Australia and more recently (since 1990) as a Consulting Mining Engineer in New Zealand and Canada.

These appointments broaden the management skills base of the Company as it moves towards a more production based focus.

CONSTRUCTION / COMMISSIONING ACTIVITIES

• A total of 403 drill holes to an average depth of 26m were completed on the grade control drilling to the end of July. These holes were in addition to the close-spaced drilling carried out prior to the grade control programme, and have now completed coverage on a 6 x 6m block basis to the 490 level within an area of 250 x 150m over the initial pit area. The programme was successful in providing geological data for mine planning purposes and has supported the block model of the Twin Hills orebody.

• The final equipment supplied by Mearns Environmental Contracting required for the mining fleet arrived on-site in mid-August and now includes:
  • 3 Caterpillar 773B rear dump trucks
  • 1 Komatsu PC1000 excavator
  • 1 D9 dozer
  • 1 grader
  • 1 roller
    
    In addition, Macmin owns the following equipment on-site:
    
    
  • 1 water truck
  • 1 PC300 excavator
  • 1 WA470 loader
  • plus ancillary maintenance vehicles

• The Company is now preparing to commence mining at Twin Hills i.e. drill and blasting waste and ore; digging and trucking waste to the waste dump and trucking ore to the crushing circuit in readiness for heap building.

• Low grade ore is currently being crushed, using the mobile crushing equipment, and laid as the drainage layer prior to heap construction.

• Commissioning of the fixed crushing circuit, including agglomerator and overland conveyors, is scheduled for the first week in September.

• Work is continuing on the storm containment dam.

As part of the process for Macmin to be granted the Twin Hills Mining Lease in 2001, an Environmental Management Overview Strategy (EMOS) document was compiled detailing all development and mining related environmental aspects of the project. The statutory reporting body in 2000 was the Department of Natural Resources and Mines which granted the Mining Lease and approved the EMOS.

In 2001 the EPA took over responsibility for all mining environmental issues under a new Environmental Protection Act and issued the Company with a "Transitional Authority", which allowed us to continue activities on the Mining Lease under the previous EMOS conditions while conditions for an Environmental Authority (EA) were determined. Now that draft conditions for the EA are being finalised by the EPA, ongoing requests for additional engineering related input into site activities, never foreseen in the original EMOS document, could continue to affect the mine production schedule. This is in part due to time constraints in consulting and engineering availability in the current resources economic upturn. However, the schedule as per the last quarterly report is still targeted by the Company.

It should be noted that at a recent on-site meeting with officers of the EPA it was agreed that there were no fundamental environmental impediments to the advancement of the Twin Hills mining operation.

The Company will now prepare regular monthly updates to shareholders and investors on all aspects affecting the mine start-up timeframe.



D.M. O'Neill
MANAGING DIRECTOR

This report is based on & accurately reflects information compiled by a competent person as defined in Appendix 5A of the ASX Listing Rules

 

 

 

14 August, 2006

ALLOTMENT OF SECURITIES

The Directors advise that a total of 8,525,000 unlisted options, exercisable at 45 cents on or before 14 August 2011 were today issued to 49 staff members. The options have been issued in accordance with the Macmin Silver Ltd Employee Incentive Option Scheme.

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.

Yours faithfully,
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary

 

 

14 August, 2006

ALLOTMENT OF SECURITIES

In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 300,000 fully paid ordinary shares (200,000 at $0.15 and 100,000 at $0.20 per share) pursuant to the exercise of employee options.

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.

Yours faithfully,
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary

 

 

 

04 August, 2006

MACMIN COMMENCES DRILLING AT TALLY HO SILVER PROJECT

Macmin commenced drilling today at the Tally Ho Silver Project in Central Queensland. A contract for 3,000 metres of Reverse Circulation (RC) drilling was let to United Drilling Services Pty Ltd, Gympie.

Macmin has entered an Option to Purchase Agreement (dated 9th May 2006) with the holders (Fayworth Pty Ltd and N F Stuart) of the tenements at Tally Ho, which will allow Macmin to exclusively evaluate for the project for a twelve month period.

The Tally Ho workings consist of two short adits, a shaft and further afield, numerous shallow pits and trenches. The mine area was discovered around the turn of the century and selectively mined in a very small way from then until about 1915. The current mining leases have been privately held since 1974 and there has been no systematic surface exploration activity for silver, and no drilling has ever been carried out.

The tenement holders believe that the most comprehensive report on the property is that of Blanchard (Chief Geologist MIM, 1937), who examined and mapped some of the ‘greisen' ('dogstooth' quartz vein) outcrops in the area and carried out detailed channel sampling of the mineralisation along the 1.8m level (i.e. Adit No. 1), the 14.2m level (i.e. Adit No. 2) and the 19.4m level. Blanchard's best results came from Adit No. 2 where he recorded 13.1m at 273g/t silver, 2.69% zinc, 2.6% lead and 0.68% copper (refer ASX Release of 9th May 2006).

Macmin drilling programme will test below the adits where mineralisation is known to be present and will also target other identified outcrops of ‘dogtooth quartz' breccia.



D.M. O'Neill
MANAGING DIRECTOR

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Denis O'Neill, who is a Member of The Australasian Institute of Mining and Metallurgy. Denis O'Neill is a full-time employee of the company.

Denis O'Neill has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Denis O'Neill consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 

 

19 June, 2006

Change of Share Register Address Notification

Please be advised that effective start of business Monday, 19 June 2006, the Brisbane street address of our share registrar – Link Market Services Limited (Link) – is changing as follows:

To	Level 12 300 Queen Street BRISBANE QLD 4000
From	Level 22 300 Queen Street BRISBANE QLD 4000

The associated postal address, facsimile number, investor telephone numbers, as well as Internet details remain unchanged.

Lodgement of documentation by member organisations, securityholders, and other interested parties must be made at the new address from Monday, 19 June 2006.

Should you have any questions regarding the change of details, please direct them to Diane Patruno, Communications Manager at Link on 02 8280 7965.


Yours sincerely,


Garry Edwards
Company Secretary

 

 

13 June, 2006

PRICE QUERY

Please find below a response to the questions in your letter of today's date.

1. Q. Is the Company aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company?
   
   A. No.
   
   
2. Q. If the answer to question 1 is yes, can an announcement be made immediately? If not, why not and when is it expected that an announcement will be made?
   
   A. N/A
   
   
3. Q. Is there any other explanation that the Company may have for the price change and increase in volume in the securities of the Company?
   
   A. The recent pull-back in precious metal prices from a very strong run-up in the March/April period may be a factor contributing to the fall in the Company's share price.
   
   
4. Q. Please confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1.
   
   A. Macmin Silver Ltd takes a very serious approach to it obligations under the disclosure requirements and we confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1.

 

Yours faithfully


Denis O'Neill
Managing Director

 

 

09 June, 2006

NEW GUINEA GOLD CORPORATION REPORTS HIGH GRADE GOLD RESULTS AT IMWAUNA PROJECT, PNG

New Guinea Gold Corporation, in which Macmin Silver Ltd holds 17.8 million shares, or approx. 18% equity interest, has reported high grade gold results at its Imwauna project in Papua New Guinea. A copy of the NGG release is attached.

Yours faithfully
MACMIN SILVER LTD


D.M. O’Neill
MANAGING DIRECTOR

This report is based on & accurately reflects information compiled by a competent person as defined in Appendix 5A of the ASX Listing Rules

 

 

 

08 June, 2006

AUDIO BROADCAST – EUROPEAN INVESTOR ROADSHOW UPDATE

Macmin Silver Ltd wishes to advise that an audio broadcast will be conducted with Denis O’Neill, Managing Director, who will be discussing the activities of Macmin Silver Ltd. The Company’s activities are also currently being presented on a European Investor Roadshow by the Chairman, Mr Bob McNeil.

The broadcast will be available at “www.boardroomradio.com” at 11.00 a.m. E.S.T. on Friday, 9th June 2006 and a copy of the slideshow which accompanies the broadcast is attached.

Yours faithfully
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary

 

 

05 June, 2006

TWIN HILLS SILVER MINE PROGRESS REPORT

Macmin Silver Ltd has signed a contract with Mearns Environmental Contracting Pty Ltd for an equipment fleet to commence mining at Twin Hills. The equipment comprises one Komatsu PC 1000 Hydraulic Excavator and three Caterpillar 773 off highway Rear Dump Trucks, which will be on site from July 1. This agreement provides that Mearns supplies the equipment and maintenance services whilst Macmin will supply the operators.

The arrival of the mining fleet will permit the Company to speed up its earthmoving activities on site. These activities initially include moving recently blasted rock from the storm containment dam; shifting and stockpiling alluvium in readiness for the next round of heap leach area preparation; and commencing the digging of waste and ore from the pit.

The Company has commenced discussions with Inglewood Shire Council on the possible use of ‘grey' water from the Texas townsite sewerage treatment plant. The water would be used in the processing plant and would serve as an alternate supplementary water supply in conjunction with the currently identified water resources on the site.

The water feasibility study is being undertaken by a consultant group, Wide Bay Water Corporation, on behalf of the Council and Macmin. Results of the study, which is to provide cost estimates, preliminary designs and business arrangements, should be available in four weeks.

The benefits of a guaranteed permanent water supply to site would very positively impact the project, particularly during periods of drought and when production rate expansions are considered. The project can be seen as a further example of the excellent relationship the Company enjoys with the local community of the Inglewood Shire.

The recently released (ASX May 26 Update) brochure shows photographs of the construction progress on the crushing and processing circuits and I would recommend shareholders and investors view these on our website www.macmin.com.au. These photos highlight the significant progress that has been achieved over the last few months as we come towards the completion of the construction phase at Twin Hills.

Silver Price
The price of silver has moved ahead strongly this year and has substantially added to the economic strength of the Twin Hills Project. Although the recent pull back in the silver price from US$15 per oz to US$12 per oz highlights silver's increasing volatility, the Company believes that fundamental supply and demand issues will underpin an ongoing increase in silver price in the coming years.

Yours faithfully
MACMIN SILVER LTD

D.M. O'Neill
MANAGING DIRECTOR

This report is based on & accurately reflects information compiled by a competent person as defined in Appendix 5A of the ASX Listing Rules

 

 

 

05 June, 2006

ALLOTMENT OF SECURITIES

In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 4,100 fully paid ordinary shares at $0.25 per share pursuant to the exercise of MMNO options.

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.

Yours faithfully,
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary

 

 

09 May, 2006

MACMIN SIGNS OPTION TO PURCHASE AGREEMENT OVER
TALLY HO SILVER PROJECT (CENTRAL QUEENSLAND)

Macmin's prime focus is currently the development of the Twin Hills Silver Mine at the Texas Silver Project in Southern Queensland, which should see the start of silver production in the third quarter of 2006. The long term corporate strategy of Macmin is to expand its silver resources base in keeping with its stated aim of becoming a significant ‘primary silver' explorer/developer in Australia.

To meet this strategy, the company continues to seek out high calibre silver projects and the Tally Ho Silver Project certainly provides us with such an opportunity.

Tally Ho is located 45 kms south-west of Mackay in central coastal Queensland, and consists of two (2) granted Mining Leases (ML's 4770 and 4727), a surrounding Mineral Development Licence (Application MDL272) and a twenty-four (24) sub-block (78 sq. km) Exploration Permit for Minerals EPM 15168.

The Tally Ho workings consist of two short adits, a shaft and further afield, numerous shallow pits and trenches. The mine area was discovered around the turn of the century and selectively mined in a very small way from then until about 1915. The current mining leases have been privately held since 1974 and there has been no systematic surface exploration activity for silver, and no drilling has ever been carried out.

The tenement holders believe that the most comprehensive report on the property is that of Blanchard (Chief Geologist MIM, 1937), who examined and mapped some of the ‘greisen' ('dogstooth' quartz vein) outcrops (Photo 1 & 2) in the area and carried out detailed channel sampling of the mineralisation along the 6 ft level (i.e. Adit No. 1), the 47 ft level (i.e. Adit No. 2) and the 64 ft level. Blanchard's best results came from Adit No. 2 where he recorded 13.1m at 273g/t silver, 2.69% zinc, 2.6% lead and 0.68% copper. He also recorded significant gold values but these could not be substantiated from re-sampling by the current tenement holders.

A table (Table No 1) is presented of the results of the Blanchard sampling and re-sampling carried out by the current tenement holders in 1991.

TABLE 1

PREVIOUS SAMPLING OF TALLY HO MINE WORKINGS
(as reported by Australian Geoscientists Pty Ltd Report for EPM 8166 in 1992 & 1997)

			Grade
Location	Level	*Interval Sampled	Silver g/t	Zinc %	Lead %	Copper %
Adit No 1	(6 ft level)
Blanchard (1937)		13.7m (true width) 10m	246	1.90	3.22	0.61
Dalton (1991)			222	4.07	2.23	0.50
Adit No 2	(47 ft level)
Blanchard (1937)		13.1 (true width ~ 9m)	273	2.69	2.6	0.68
Dalton (1991)			413	3.79	1.15	0.71
Shaft	(65 ft level)
Blanchard		9.1m	98	2.88	0.64	0.21
Dalton (1991)			112	2.28	2.55	0.35
	(35 ft level)
Dalton (1991)	(Drive along hanging wall)	2.1m	319	8.63	3.55	0.69

* The same interval was sampled by both Blanchard and Dalton and it should be noted that Adit No. 1 is approximately 50 metres from Adit No. 2 on the same breccia lode and the shaft is located adjacent to Adit No. 1.

The near surface mineralisation is composed of brecciated granite that has been sericite altered and cemented by comb quartz and sulphides. The two adits provide ideal exposure of the breccia texture and nature of the mineralisation. In Adit No. 1, the mineralisation is 10m wide (true) and dips 70º to the east with well developed ‘shear planes' marking the foot wall and hanging wall contacts of the mineralisation with the host granite. The adit sampling by Blanchard and later confirmed by the current tenement holders reveals that areas of higher grade mineralisation occur within a couple of metres of the hanging wall and foot wall contacts.

Macmin believes the Tally Ho area is significantly under-explored for its silver potential and will commence a systematic exploration programme to evaluate the area. A preliminary drilling programme is currently being designed which will initially test the extent of mineralisation near the two adits and shaft.

Macmin has made an option payment of AUD$20,000 to Fayworth Pty Ltd and N.F. Stuart (beneficial holders of the tenements) which will allow Macmin to exclusively evaluate the project for a period of twelve months. Should Macmin elect to continue to evaluate the project for a further twelve months, an additional payment of AUD$30,000 will be made prior to the expiry of the initial option period. The option can be exercised at any time by the payment of AUD$300,000, either in the form of cash or Macmin shares, whichever is the tenement holder's request.



D.M. O'Neill
MANAGING DIRECTOR

This report is based on & accurately reflects information compiled by a competent person as defined in Appendix 5A of the ASX Listing Rules

 

 

 

13 April, 2006

ALLOTMENT OF SECURITIES

In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 434,153 fully paid ordinary shares. The shares were issued as follows:

• 34,153 at $0.25 per share pursuant to the exercise of MMNO options; and
• 400,000 at $0.20 per share pursuant to the exercise of employee options;

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.


Yours faithfully,
MACMIN SILVER LTD



Garry M. Edwards
Company Secretary

 

 

 

07 April, 2006

MACMIN PURCHASES DRILL RIG

Macmin has finalised the purchase of a truck-mounted drilling rig (Investigator Mark IV) which has percussion and diamond drilling capabilities. The rig, purchased from Roger Hall Drilling Pty Ltd, has been the mainstay of our drilling effort around the Twin Hills silver deposit and Texas silver project over the last ten years.

Roger Hall, currently training a company employee as a driller, will maintain an association with Macmin Silver Ltd as a drilling consultant.

During 2006, the rig has been carrying out grade control drilling over the Twin Hills silver deposit prior to mining. Once this programme is completed, it will be utilised on further resource definition drilling at Twin Hills and on other areas within the Texas project.

An update on construction progress at the Twin Hills Silver Mine will be included in the Quarterly Report to the ASX due by end of April, 2006.



D.M. O'Neill
MANAGING DIRECTOR

This report is based on and accurately reflects information compiled by a competent person as defined in Appendix 5A of the ASX Listing Rules

 

 

 

31 March, 2006

ALLOTMENT OF SECURITIES

In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 610,437 fully paid ordinary shares. The shares were issued as follows:

• 10,437 at $0.25 per share pursuant to the exercise of MMNO options; and
• 200,000 at $0.15 per share pursuant to the exercise of employee options; and
• 400,000 at $0.20 per share pursuant to the exercise of employee and director’s options.

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.


Yours faithfully,
MACMIN SILVER LTD



Garry M. Edwards
Company Secretary

 

 

 

16 March, 2006

MACMIN STARTS DRILLING AT RIVERTREE PROJECT

Macmin Silver Ltd (Macmin) advises that a drilling programme comprising 2,300 metres of reverse circulation (RC) drilling has commenced at the Rivertree Project, north-east of Tenterfield in northern New South Wales. The Rivertree Project forms part of a Joint Venture Agreement with Malachite Resources NL (Malachite) whereby Macmin can increase its interest from 60% to 75% interest by funding on-going exploration of $500,000 by November 2007.

The Rivertree silver field was discovered in 1887 and underground mines were established at Wongabah and Silver King, with extensive shafts, adits and pits also developed at Boulder-Dunlop. The Rivertree veins, typically composed of quartz and polymetallic sulphide, are usually narrow (up to 1.8m in width) but often persistent along the strike.

Sampling of historic mine dump material by Malachite personnel returned very high grade silver values (up to 1,150g/t silver) and zinc values (up to 24.4% zinc). A limited programme of RC and diamond drilling was carried out by Malachite in 2003 and 2004 at Wongabah, Silver King and Dunlop. It was reported that most of the holes intersected mineralised veining and/or alteration in discrete lode structures up to 4m in width, but only two (2) holes intersected potentially economic grades of silver mineralisation. At Wongabah, a narrow massive sulphide vein was encountered which assayed 755g/t silver and 3.0g/t gold. At Silver King, the best intercept was 1m at 291g/t silver and 0.17g/t gold.

Macmin's drilling programme will focus on the Silver King and Spring Gully lodes which are hosted by the Rivertree Granite. Drilling will also be undertaken on the previously untested Big Block lode hosted by the Razorback Creek Mudstone, where dump sampling by Malachite had given silver assays of up to 1,150g/t and zinc assays to 8.4%.

It is anticipated the programme should be completed before the end of April.

Yours faithfully
MACMIN SILVER LTD



D.M. O'Neill
MANAGING DIRECTOR

This report is based on & accurately reflects information compiled by a competent person as defined in Appendix 5A of the ASX Listing Rules

 

 

 

16 March, 2006

ALLOTMENT OF SECURITIES

In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 19,030,981 fully paid ordinary shares and 8,624,928 MMNO listed 25 cent options raising $6,349,291.75 The securities have been issued as follows:

Placement

• 17,249,856 shares at $0.36 per share and 8,624,928 MMNO options pursuant to the private placement announced on 6 March 2006.
  
  The Company seeks to rely on case 1 in Section 708A(5) of the Corporations Act ("Act") in respect of the issue of those shares.
  
  The Company gives notice under paragraph (5) (e) of Section 708A of the Act to confirm that:
  

1. The Company issued the above shares without disclosure to the placees under Part 6D.2 of the Act.
2. As at the date of this notice the Company has complied with:
   (a) The provisions of Chapter 2M of the Act (as applicable to the Company); and
   (b) Section 674 of the Act.
3. At the date of this notice there is no excluded information (as defined in paragraph (7) of Section 708A of the Act) which is required to be disclosed by the Company.

Exercise of Options

• 37,375 shares at $0.25 per share pursuant to the exercise of MMNO options by 3 optionholders.

• 650,000 shares at $0.20 per share pursuant to the exercise of employee options by 4 employees.

Consideration for Drilling Business

• 1,093,750 shares in consideration for the purchase of the business and assets of Roger Hall Drilling Pty Ltd currently located at Macmin's Texas Silver Project in Queensland.

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.


Yours faithfully,
MACMIN SILVER LTD



Garry M. Edwards
Company Secretary

 

 

 

 

06 March, 2006

The Company has reached agreement to raise approximately $6M through a private placement to a number of professional investors. The terms of the placement are 1 share and ½ option at 36 cents. Subject to receipt of cleared funds, the placement is expected to be completed by the end of this week.

These funds will be used for working capital at the Twin Hills Silver Mine once production starts up from mid-year. Also, an expanded exploration programme will be initiated on the Company's silver prospects, along with evaluation of other silver resource opportunities with the aim of adding to the silver resource base of Macmin Silver Ltd.

These funds see the cash balance of the Company stand at approximately $11.5M. Additional access to funding remains in place via the Cornell equity facility where a further $8.6M drawdown remains from the original $10M negotiated in 2003.

An Appendix 3B will be lodged once the placement is finalised.

Yours faithfully
MACMIN SILVER LTD



D.M. O'Neill
MANAGING DIRECTOR

 

 

 

01 March, 2006

ALLOTMENT OF SHARES

In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 850,000 fully paid ordinary shares at $0.20 per share pursuant to the exercise of director and employee options.

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue and Appendix 3Y Change of Directors Interest Notice are attached.

Yours faithfully,
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary

 

 

 

23 February, 2006

TEXAS SILVER PROJECT UPDATE

Twin Hills Silver Mine

Progress towards silver production is well advanced.

• Topsoil stripping has commenced in mid-February over part of the open pit at the Twin Hills Silver Mine . The topsoil is being stockpiled for future rehabilitation work on site. Grade control drilling for the first two mining benches will be completed by the end of February.

• The electro-winning circuit (EM-EW) is currently under installation by engineers from Electrometals Technologies Ltd. The 180 cell plant will produce silver powder from the leach solutions, which drain the heaps. The building housing the EM-EW circuit is currently under construction and is situated beside the leach ponds (reference photos - Macmin website - www.macmin.com.au).

• The concrete foundations for the crushing circuit have been laid and installation will commence on the 27th February. As was mentioned in the January Quarterly Report, the non-delivery of a cone crusher from a UK manufacturer after a five month delay resulted in the cancellation of the order and a replacement unit sourced and delivered to site in January. The replacement cone crusher has now been commissioned by the supplier.

• Installation of the power plants for both the crushing circuit and the processing circuit will commence in March.

• A storm containment dam is required to collect overflow from the process area in the event of a major storm event (100 year event). The dam construction and completion is subject to approval by the Environmental Protection Agency (EPA). The storm containment dam is undergoing construction with the ‘key-way' in the floor of the dam, beneath the proposed dam wall, being prepared (i.e. grouting of weak points in the bedrock floor/walls), prior to the dam wall construction taking place. Successful compaction tests have been carried on the clay, which will be used in the wall. Coarse rock to construct the exterior of the walls will be sourced from the waste rock to be blasted prior to the start of mining of ore at Twin Hills. Continual intermittent rain since November 2005 has impeded the dam construction and continues to do so. The rainfall however has replenished water supplies in dam storage and in the subsurface aquifers.

• The current schedule sees the crushing circuit assembled and ready for commissioning in April and the agglomerator and stacking conveyors assembled and commissioned in May. Heap construction will commence soon thereafter.

The current production plan proposed in the Mining Feasibility Study indicated that 2.5 million ounces of silver equivalent would be achieved from the first year of full production from the heap leach and dump leach operation.

As the price of silver has continued to increase since the completion of the Feasibility Study, a further review will be undertaken by an outside consultant to determine whether by lowering the cut-off grade for silver, more tonnage might be available to increase the production rate (possibly up to four (4) million ounces AgE per annum).

Silver Spur

The Silver Spur mining lease is located about 1.5km south east of the Twin Hills mine.

• Slag
  
  Macmin has initiated a pre-feasibility study to determine the optimum route to follow to extract value from the Silver Spur slag dump, in light of the continuing rise in the price of metals, particularly zinc. In 1997 Rimfire Pacific Ltd (the previous holder of the Mining Lease) sampled the slag dump and estimated that 90,000 tonnes was present. Semi bulk samples gave an average grade of 15.8% zinc, 158g/t silver, 3.17% lead, 0.34% copper and 0.5g/t gold.
  
  The pre-feasibility study will examine the following avenues and make recommendations:

1. The leachability of the slag, with possible treatment on the Twin Hills Mine lease;
2. The shipping of slag to smelters inside/outside Australia
3. The outright sale of slag to third parties.

• Underground Resource
  
  An extensive programme of drilling by Rimfire Pacific Ltd at the historic Silver Spur mine resulted in the definition of the following in-situ resource. At a 7% zinc equivalent cut-off Combined Indicated and Inferred Resources of 369,000 tonnes at 6.47% zinc, 5.79oz/t silver, 2.89% lead and 0.35% copper and 0.26g/t gold.
  
  A mineralisation model is being compiled by an independent consultant to determine how to explore the remnant mineralisation and its possible further extensions. An evaluation of the possibility of extracting the remnant zinc ore from the mine will also be undertaken.
  

Yours faithfully


Denis O'Neill
Managing Director

 

 

 

22 February, 2006

RE: PRICE QUERY

Please find below a response to the questions in your letter of today's date.

1.	Q.	Is the Company aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company?
	A.	No.
2.	Q.	If the answer to question 1 is yes, can an announcement be made immediately? If not, why not and when is it expected that an announcement will be made?
	A.	N/A.
3.	Q.	Is there any other explanation that the Company may have for the price change and increase in volume in the securities of the Company?
	A.	The Company is currently in the construction phase of its Twin Hills Silver Mine at Texas, Queensland. The Company will soon join the worldwide ranks of a small number of primary silver producers once production starts mid-year. The current interest in the world price for silver is surmised to be the focus for investor interest in these primary silver companies, which may have contributed to the recent price and volume change in the securities of the Company.
4.	Q.	Please confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1.
	A.	Macmin Silver Ltd takes a very serious approach to it obligations under the disclosure requirements and we confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1.

Yours faithfully


Denis O'Neill
Managing Director

 

 

22 February, 2006

ALLOTMENT OF SHARES

In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 350,000 fully paid ordinary shares at $0.20 per share pursuant to the exercise of employee options.

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.

Yours faithfully,
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary

 

 

17 February, 2006

APPENDIX 3Y CHANGE OF DIRECTOR’S INTEREST NOTICE

Mr McNeil advises that these sales for the McNeil Superannuation Fund do not in anyway reflect on the Company’s future performance but was made for two reasons:

1. on the advice of the Superannuation Fund auditor, who recommended that the Superannuation Fund assets were too focussed on one company, Macmin, and should be diversified; and
2. to enable the Superannuation Fund to participate in the Private Placement by Bolder Investment Partners for TSX Venture Exchange listed company, New Guinea Gold Corporation (Macmin holds approx. 18,000,000 shares in New Guinea Gold Corporation).

Yours faithfully,


Garry Edwards
Company Secretary

 

 

15 February, 2006

ALLOTMENT OF SHARES

In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 456,125 fully paid ordinary shares. The shares were issued as follows:

• 6,125 at $0.25 per share pursuant to the exercise of MMNO options; and
• 450,000 at $0.20 per share pursuant to the exercise of director and employee options.

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue and an Appendix 3Y (Change of Director’s Interest Notice) are attached.

Yours faithfully,
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary
Encl.

 

14 February, 2006

AvW INVEST AG PURCHASES 1.5% INTEREST IN MACMIN SILVER LTD

Austrian listed investment company AvW Invest AG has purchased a 1.5% interest, on market, in Macmin Silver Ltd at a cost of approximately AUD$1 million dollars.

AvW Invest AG is a company of the AvW Group (www.avw.at) listed on the Vienna Stock Exchange in the ATX Prime Market. The company specialises in the field of financial services, participations and real estate.


Yours faithfully
MACMIN SILVER LTD


D.M. O’Neill
MANAGING DIRECTOR

This report is based on & accurately reflects information compiled by a competent person as defined in Appendix 5A of the ASX Listing Rules

 

 

 

31 January, 2006

ALLOTMENT OF SHARES

In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 100,000 fully paid ordinary shares at $0.20 per share pursuant to the exercise of employee options.

Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) is attached detailing the issue.

Yours faithfully,
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary
Encl.

 

 

25 January, 2006

MACMIN CONFIRMS SILVER-GOLD MINERALISATION AT STAR OF HOPE LODE, BOONOO BOONOO PROJECT

Macmin has completed a preliminary programme of percussion drilling on the Boonoo Boonoo project, which forms part of the Joint Venture Agreement with Malachite Resources N.L.

Significant results were obtained from the Star of Hope lode where ten (10) holes were drilled for a total of 403m drilled. The highest intercept occurred in hole BBP4 where 3m at 5.34g/t gold and 212g/t silver were encountered from 31m downhole (Fig 1). A table of intercepts greater than 0.5g/t Au is presented below.

Hole No.	Co-Ords		Interval (m)	Width (m)	Gold (g/t)	Silver (g/t)
BBP004	414,814	6,803,799	31 - 34	3	5.34	212
BBP005	414,816	6,803,814	27 - 29	2	0.75	22
BBP006	414,816	6,803,313	41 - 45	4	0.76	69
BBP008	414,828	6,803,830	18 - 20	2	1.75	17
BBP009	414,878	6,803,910	22 - 24	2	2.26	37

Samples were collected at 1m intervals and chemical analyses were undertaken at the ALS Chemex Laboratory in Brisbane.

It is encouraging to see that these results confirm the presence of gold/silver mineralisation at potentially economic levels at the Star of Hope lode. It should be noted that the percussion drilling technique may not lend itself to providing accurate widths of mineralisation, when testing vein systems which host gold, due to potential downhole sample contamination. Consequently, a reverse circulation (RC) drilling rig will be used to further assess the Star of Hope lode in the coming months.

Percussion drilling was attempted at three other lodes (i.e. Specimen Gully, Demonstration and Golden Crown) and was largely unsuccessful due to the presence of water at shallow depths, which prevented adequate testing of the lodes. When a Reverse Circulation rig is brought back to evaluate the Star of Hope lode, testing of these other lodes will also be undertaken.

In February, drilling will commence on the Rivertree Project, the other project in Northern NSW subject to the Malachite Resources Joint Venture.


D.M. O'Neill
MANAGING DIRECTOR

This report is based on & accurately reflects information compiled by a competent person as defined in Appendix 5A of the ASX Listing Rules

 

 

 

16 January, 2006

SHARE PURCHASE PLAN COMPLETED
EXERCISE OF OPTIONS

The Company will today issue 25,536,000 shares pursuant to 1,208 applications received for the Share Purchase Plan which closed on 10 January 2006. The issue raised $5,107,200 before costs. An additional 28,440 shares will be issued in respect of the exercise of MMNO listed 25 cent options.

An Appendix 3B in respect of the exercise of options is attached.


Yours faithfully,
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary

 

12 January, 2006

CHANGE OF DIRECTOR'S INTEREST NOTICE

 

 

 

06 January, 2006

BPAY PROBLEM

Due to a problem with the BPay facility for the Share Purchase Plan, the attached letter will today be sent to eligible shareholders from whom we have not yet received an application.


Yours faithfully
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary

 

 

 

04 January, 2006

SHARE PURCHASE PLAN

The attached letter will be sent to all eligible shareholders in Australia and New Zealand tomorrow as a follow-up regarding the current Share Purchase Plan.


Yours faithfully,
MACMIN SILVER LTD


Garry M. Edwards
Company Secretary

 

4 January 2006


Dear Shareholder,

RE: MACMIN SILVER LTD (MACMIN) SHARE PURCHASE PLAN (PLAN)

We recently wrote to you re the above Plan and the opportunity to acquire additional Macmin shares at a discount to market and without brokerage costs.

It has come to our notice that because of the Christmas/New Year holiday period some shareholders have mislaid their Application Forms. If you fall into this category please call Macmin's Share Registry at (02) 8280 7454 to obtain a new application form or for further information on the Plan call Garry Edwards at (07) 5592 2274.

The funds raised by this Plan are important to the Company to allow it to implement its strategy for 2006, as outlined in Garry Edwards' previous letter. See www.macmin.com.au "Latest News" for details. We believe the offer is attractive to all eligible shareholders, and at the time of writing, the shares were trading at 26.5 cents, 6.5 cents higher than the Plan price of 20 cents.

Yours faithfully,
Macmin Silver Ltd


R.D.McNeil
CHAIRMAN