Minco Silver Receives Positive Hydrogeology Report on the Fuwan Project From SRK Consulting
04 Dezember 2007 - 6:43PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: MSV) is pleased to announce
receipt of a hydrogeological review report on its Fuwan Project,
located in Guangdong Province, China, completed by independent
engineering firm SRK Consulting (Canada) Inc.
SRK was contracted in July 2007 by the Company to provide
hydrogeological services to support those being provided by Minco
Silver's local consultants, the 757 Exploration Brigade Team. The
Hydrogeological Scoping Level Assessment was carried out under the
direction of Senior Hydrogeologist M. Royle from Vancouver with
peer reviews by SRK Principal Hydrogeologist Stefan Muller in
Perth, and SRK Corporate Consultant Richard Connelly in the UK.
As outlined in the recent Preliminary Economic Assessment,
completed by SRK, the proposed mining area is located approximately
600 m west of the Xijiang River, and 600 m south of the Changkeng
Ditch and is contained within an envelope between sections 43W and
16E. The deposit is situated within a known karst environment,
therefore potential inflows and the infrastructure required to
manage those flows must be verified by further work. Exploration
drilling indicates that mining will proceed in a southwest
direction away from the river.
To date, 18 hydro-geological test holes have been drilled to
test the connectivity of the various structures in place at Fuwan.
Pumping tests from open holes have returned varying inflow rates
from 0.25m3/day to 1,300m3/day (0.003 L/s to 15 L/s) with varying
related drawdowns in each test hole.
To view map outlining the above features please click on the
following link: http://www.ccnmatthews.com/docs/msv1204.pdf
Based upon the available data, important conclusions from the
report include the following:
- Initial testing, done to date, at the Fuwan Silver Deposit has
not indicated that excessive water inflow would be encountered
during mine development.
- Testing done to date indicates that the Xijiang River appears
to be poorly connected hydraulically with the proposed underground
mine envelope.
SRK has also included a number of recommendations. These involve
advancing the structural understanding of the area together with
further drilling to confirm the presence of interpreted faults,
brecciated zones, and unconformities that may influence the planned
mining zones. As well, additional pump test holes will be drilled
to further test the aquifer and to monitor ground water and
multi-strata inflows over both short and long terms. Once mine
development has been initiated, standard precautions including
probe drilling ahead of advancing faces, installation of bulkheads,
and geochemical monitoring for tracer elements in the water are
recommended. The ongoing hydrogeological program will be included
during the feasibility study stage.
Concurrent with the SRK Scoping Level Assessment, the 757 team
is conducting hydrogeological, environmental, and geotechnical
programs for the project as part of the requirements of the Chinese
Mining Licence application.
Qualified Persons
SRK Consulting - Michael Royle, M.App.Sci., P.Geo., Senior
Hydrogeologist, SRK Consulting - Vancouver
Minco Silver - Tim Marlow, C. Eng., MIMMM, VP Operations and
Study Manager; Dwayne Melrose, P. Geo., VP Exploration and QP
responsible for verification and quality assurance of the company's
exploration data and analytical results.
About Minco Silver
Minco Silver Corporation (TSX: MSV) is a TSX company focusing on
the acquisition and development of silver dominant projects in
China. The Company is the exclusive vehicle for pursuing silver
opportunities in China pursuant to a strategic alliance agreement
between Minco Gold Corporation (formerly "Minco Mining & Metals
Corporation") (TSX: MMM)(AMEX: MGH)(FRANKFURT: MI5) and Silver
Standard Resources (TSX: SSO).
ON BEHALF OF THE BOARD
Dr. Ken Z. Cai, Chairman & CEO
Certain terms or statements made that are not historical facts,
such as anticipated advancement of mineral properties or programs,
productions, sales of assets, exploration plans or results, costs,
prices, performance are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
and involve a number of risks and uncertainties that could cause
actual results to differ materially from those projected,
anticipated, expected or implied. These risks and uncertainties
include, but are not limited to; metals price volatility,
volatility of metals production, project development risks, and
ability to raise financing. The Company undertakes no obligation
and has no intention of updating forward-looking statements.
The Toronto Stock Exchange does not accept responsibility for
the accuracy of this news release.
Contacts: Minco Silver Corporation Ute Koessler 1-888-288-8288
or (604) 688-8002 Email: info@mincosilver.ca Website:
www.mincosilver.ca
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