Minco Silver Expands Mineralization at Fuwan
04 Februar 2008 - 3:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: MSV) is pleased to report the
assay results of 22 holes, for a total of 5,904.56 metres, from
exploration drilling on its Fuwan Silver Project located in
Guangdong Province, China. The program was designed to further
increase the level of confidence of the resource through in-fill
and to expand the known resource base through step out
drilling.
A significant width of mineralization was intersected in hole
FW0147 where multiple intercepts ranged from 0.75 metres (m) to
40.30 m and silver grades ranged from 199.00 grams per tonne (g/t)
to 926.33 g/t. The 40.30 m intersection is the widest mineralized
intersection to date for the entire Fuwan Deposit and could be a
potential feeder zone or source for the Fuwan mineralization.
Typically, feeder zones from other world class deposits are
generally the highest grade and the widest zone of the overall
deposit. Mineralization of the Fuwan deposit was previously thought
to end at line 43W and this step out hole, located at line 47W, has
extended mineralization to southwest, opened up a new area for
continued exploration, and further demonstrates the potential for
expansion of the Fuwan deposit. This intersection will be followed
up with further drilling to define its extent.
The combined in-fill and step out drilling program occurred
between section lines 24E and 75W and the assay results are
highlighted by the following intersections:
- FW0119: 354.13 g/t silver over 3.68 m
- FW0131: 2,867.50 g/t silver over 1.08 m
- FW0136: 203.27 g/t silver over 4.96 m
- FW0139: 851.08 g/t silver over 1.50 m
- FW0140: 286.81 g/t silver over 3.40 m
- FW0144: 482.83 g/t silver over 6.00 m
- FW0147: 241.40 g/t silver over 40.30 m, 926.33 g/t silver over 4.90 m
and 893.19 g/t silver over 3.90 m
--------------------------------------------------------------------------
From To Intercept Average Grade
Hole No. (m) (m) (m) Au(g/t) Ag(g/t) Pb(%) Zn(%)
--------------------------------------------------------------------------
FW0119 101.28 103.23 1.95 0.20 472.95 0.84 3.30
--------------------------------------------------------------------------
107.69 109.33 1.64 0.04 80.00 0.03 0.05
--------------------------------------------------------------------------
116.72 120.40 3.68 0.21 354.13 0.71 1.41
--------------------------------------------------------------------------
FW0127 NSR
--------------------------------------------------------------------------
FW0128(i) 128.10 129.77 1.67 0.14 81.01 0.40 1.43
--------------------------------------------------------------------------
153.13 154.35 1.22 0.08 192.00 0.36 0.91
--------------------------------------------------------------------------
FW0129 NSR
--------------------------------------------------------------------------
FW0130 233.93 234.33 0.40 0.07 93.00 0.26 1.02
--------------------------------------------------------------------------
236.50 238.10 1.60 0.04 173.44 0.55 0.54
--------------------------------------------------------------------------
265.83 267.97 2.14 0.09 251.00 0.47 3.17
--------------------------------------------------------------------------
283.06 284.00 0.94 0.07 346.00
--------------------------------------------------------------------------
FW0131 162.35 163.49 1.14 5.24 196.00 0.09 0.05
--------------------------------------------------------------------------
168.61 171.44 2.83 0.28 130.31 0.13 0.20
--------------------------------------------------------------------------
209.27 210.35 1.08 0.26 2,867.50 1.24 11.31
--------------------------------------------------------------------------
FW0132 NSR
--------------------------------------------------------------------------
FW0133 76.06 84.74 8.68 0.13 125.83 0.14 0.64
--------------------------------------------------------------------------
114.35 115.45 1.10 0.14 409.50 1.12 3.26
--------------------------------------------------------------------------
134.56 135.40 0.84 0.08 90.00 0.07 0.03
--------------------------------------------------------------------------
152.00 155.40 3.40 0.05 95.28 0.73 0.19
--------------------------------------------------------------------------
188.83 189.15 0.32 0.05 163.00 0.34 0.64
--------------------------------------------------------------------------
211.00 211.70 0.70 0.09 238.00 0.89 1.32
--------------------------------------------------------------------------
213.70 214.70 1.00 0.10 53.00 0.08 0.06
--------------------------------------------------------------------------
FW0134 185.65 186.30 0.65 0.09 1,196.00 1.69 2.19
--------------------------------------------------------------------------
FW0136 170.80 175.76 4.96 0.11 203.27 0.08 0.72
209.70 211.70 2.00 0.11 74.00
--------------------------------------------------------------------------
FW0137 164.07 167.03 2.96 0.16 253.41 0.14 0.85
--------------------------------------------------------------------------
214.05 214.76 0.71 0.07 502.50 0.74 0.66
--------------------------------------------------------------------------
261.47 262.57 1.10 0.22 125.00 0.16 0.57
--------------------------------------------------------------------------
296.15 296.46 0.31 0.10 119.50 0.07 0.28
--------------------------------------------------------------------------
FW0138 129.65 130.65 1.00 0.14 208.50 0.57 1.85
--------------------------------------------------------------------------
FW0139 135.10 136.10 1.00 0.45 56.00 0.01 0.04
--------------------------------------------------------------------------
199.40 200.90 1.50 0.10 851.08 0.39 0.85
--------------------------------------------------------------------------
FW0140 119.05 122.45 3.40 0.17 286.81 0.16 0.32
--------------------------------------------------------------------------
204.77 206.10 1.33 0.04 178.50 0.21 0.59
--------------------------------------------------------------------------
208.45 210.18 1.73 0.12 116.36 0.61 1.83
--------------------------------------------------------------------------
FW0141 NSR
--------------------------------------------------------------------------
FW0142 193.71 194.71 1.00 0.07 91.50 0.06 0.18
--------------------------------------------------------------------------
FW0143 184.85 185.22 0.37 0.10 169.50 0.14 0.13
--------------------------------------------------------------------------
254.87 255.72 0.85 0.03 193.50 0.15 0.38
--------------------------------------------------------------------------
FW0144 128.45 134.45 6.00 0.19 482.83 0.55 1.25
--------------------------------------------------------------------------
142.45 143.45 1.00 0.06 75.00 0.19 0.32
--------------------------------------------------------------------------
175.11 175.45 0.34 0.11 50.00 0.41 6.46
--------------------------------------------------------------------------
220.54 221.54 1.00 0.02 65.00 0.23 0.28
--------------------------------------------------------------------------
223.30 224.30 1.00 0.11 59.00 0.09 2.70
--------------------------------------------------------------------------
229.45 229.85 0.40 0.07 218.50 0.25 2.44
--------------------------------------------------------------------------
236.85 238.45 1.60 0.02 61.50 0.66 0.46
--------------------------------------------------------------------------
265.25 265.95 0.70 0.15 54.00 0.34 3.64
--------------------------------------------------------------------------
FW0145 117.00 118.00 1.00 0.05 351.00 0.68 1.27
--------------------------------------------------------------------------
FW0147 43.00 83.30 40.30 0.14 241.40 0.09 0.29
--------------------------------------------------------------------------
96.70 101.60 4.90 0.11 926.33 2.35 9.31
--------------------------------------------------------------------------
104.60 108.50 3.90 0.07 893.19 1.72 9.79
--------------------------------------------------------------------------
145.55 146.30 0.75 0.01 199.00 0.14 0.45
--------------------------------------------------------------------------
150.14 152.00 1.86 0.00 284.13 0.38 0.33
--------------------------------------------------------------------------
163.20 164.20 1.00 0.00 293.50 0.09 0.32
--------------------------------------------------------------------------
FW0148 NSR
--------------------------------------------------------------------------
CK 2002(i) 184.42 188.3 3.88 0.18 152.37 0.03 0.07
--------------------------------------------------------------------------
205.4 213.3 7.9 0.16 264.55 0.13 0.25
--------------------------------------------------------------------------
(i) The indicated holes are part of the hydrology study completed by SRK
Consulting and released on December 4, 2007.
True widths for the mineralized zones are typically from 60% to
95% of the stated intercepts. Please visit the Company's website at
www.mincosilver.ca to view a map of the drill hole locations.
Minco Silver is encouraged by these drilling results and is
continuing to work aggressively to advance the Fuwan Silver Project
with further drilling. A total of eight drills are currently on the
property completing step out and in-fill drilling. The deposit
remains open along strike to the southwest and down dip to the
south.
Samples were prepared and assayed at PRA Kunming lab (Process
Research Associated Ltd.) with supervision of a certified BC
assayer. Silver was assayed with fire assay and AAS or gravimetric
finish. Assay results were further checked at PRA's Vancouver lab
as an external check. Samples have also been sent to ASL Chemex
Laboratories in Guangzhou, Guangdong Province, PRC for additional
check analysis. Reference materials were inserted by Minco staff
geologists as a further assay control.
Minco Silver would also like to announce the appointment of Mrs.
Sharon L. Howatt as the Company's Corporate Secretary. Mrs. Howatt
has over 21 years experience relating to management of public and
private companies in Canada and the U.S. She has extensive
experience in managing compliance and communications for public
listed companies listed on the TSX, TSX Venture Exchange and the US
Exchanges as well as maintaining corporate records, and the
preparation of securities, corporate and commercial documents. She
has also worked as a corporate/securities legal assistant for a
variety of law firms throughout her career.
Additionally, the updated NI 43-101 resource estimate technical
report from the updated resource estimate announced on December 11,
2007, has been filed on SEDAR.
Mr. Dwayne Melrose, P. Geo, Vice President Exploration for Minco
Silver, has reviewed this news release and is the Qualified Person
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)(FSE: 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 (604) 688-8002
or Toll Free: 1-888-288-8288 Email: info@mincosilver.ca Website:
www.mincosilver.ca
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