Minco Silver Continues to Expand Mineralization at Fuwan
08 April 2008 - 3:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: MSV) is pleased to report the
assay results of 19 holes, for a total of 5,257.18 metres (m), from
exploration drilling on its Fuwan Silver Project located in
Guangdong Province, China. The program was predominantly designed
to expand the known resource base through step out drilling with
minor in-fill drilling (6 holes) in certain areas to increase the
resource confidence.
The step out drilling was successful in continuing to extending
the mineralization in the following areas:
1) The south-west mineralized zone was continued to be extended
along strike in a south-westerly direction and up and down dip
between sections 39W to 57W along 360 metres of strike length by 6
drill holes. The results ranged in grades from 74.33 to 1,468.25
grams per tonne (g/t) silver (Ag) over widths of 0.45 to 17.43
metres. Most of these drill holes intersected multiple zones of
mineralization.
2) Mineralization was extended along strike for 160 metres to
the south-west between sections 75W and 81W and up dip for
approximately 80 metres based on 3 positive drill holes. The
results ranged from 76.41 to 139.0 g/t Ag over widths from 0.75 to
7.00 metres.
The 6 in-fill holes that were completed between sections 21W to
31W again verified the consistency of the Fuwan deposit both in
grade and widths on intersection. The results ranged from 54.00 to
1,999.50 g/t Ag over widths from 0.16 to 15.20 metres. Almost all
these drill holes intersected multiple zones of mineralization.
The combined in-fill and step out drilling program occurred
between section lines 21W and 81W and the assay results are
highlighted by the following intersections:
- FW0167: 139.00 g/t silver over 2.20 m
- FW0168: 185.35 g/t silver over 17.43 m
- FW0171: 88.89 g/t silver over 7.00 m
- FW0176: 89.50 g/t silver over 11.44 m
- FW0177: 1,468.25 g/t silver over 2.00 m and 429.50 g/t silver
over 1.10 m
- FW0179: 474.12 g/t silver over 15.20 m
- FW0180: 218.54 g/t silver over 3.54 m and 448.99 g/t silver
over 2.39 m
- FW0181: 116.66 g/t silver over 4.40 m
- FW0182: 304.50 g/t silver over 6.00 m
- FW0183: 628.00 g/t silver over 0.65 m
--------------------------------------------------------------------------
Average Grade
----------------------------------
From To Intercept Au Ag Pb Zn
Hole No. (m) (m) (m) (g/t) (g/t) (%) (%)
--------------------------------------------------------------------------
FW0166 65.60 66.60 1.00 0.21 276.00 0.24 0.66
--------------------------------------------------------------
69.60 70.60 1.00 0.40 308.00 0.28 0.85
--------------------------------------------------------------------------
FW0167 96.50 98.70 2.20 0.16 139.00 0.10 0.31
--------------------------------------------------------------------------
FW0168 28.57 46.00 17.43 0.29 185.35 0.07 0.20
--------------------------------------------------------------------------
FW0169 NSR
--------------------------------------------------------------------------
FW0171 87.70 94.70 7.00 0.05 88.89 0.13 0.59
--------------------------------------------------------------
107.10 108.80 1.70 0.22 76.41 0.09 0.42
--------------------------------------------------------------------------
FW0173 NSR
--------------------------------------------------------------------------
FW0174 NSR
--------------------------------------------------------------------------
FW0175 38.35 41.35 3.00 0.10 74.33 0.02 0.09
--------------------------------------------------------------------------
FW0176 73.87 76.87 3.00 0.06 98.17 0.02 0.10
--------------------------------------------------------------
87.50 91.04 3.54 0.04 80.72 0.01 0.01
--------------------------------------------------------------
129.30 140.74 11.44 0.04 89.50 0.07 0.13
--------------------------------------------------------------
159.20 159.74 0.54 0.08 144.00 0.22 0.42
--------------------------------------------------------------------------
FW0177 139.30 141.30 2.00 0.37 1,468.25 0.16 0.27
--------------------------------------------------------------
144.80 145.90 1.10 0.29 429.50 0.22 1.32
--------------------------------------------------------------
156.44 156.90 0.46 0.09 169.00 0.11 0.56
--------------------------------------------------------------
158.80 159.25 0.45 0.18 328.50 0.18 0.47
--------------------------------------------------------------
182.70 183.70 1.00 0.25 115.50 0.08 0.18
--------------------------------------------------------------
185.31 187.00 1.69 0.25 485.79 0.41 1.31
--------------------------------------------------------------
193.80 196.80 3.00 0.21 159.67 0.07 0.16
--------------------------------------------------------------------------
FW0178 (i) 188.15 189.95 1.80 0.11 187.65 0.04 0.28
--------------------------------------------------------------
193.10 194.20 1.10 0.05 123.50 0.07 0.33
--------------------------------------------------------------
280.80 281.20 0.40 0.02 361.50 0.25 0.11
--------------------------------------------------------------
288.78 289.68 0.90 0.08 112.00 0.41 1.83
--------------------------------------------------------------------------
FW0179 (i) 210.10 225.30 15.20 0.29 474.12 0.10 0.19
--------------------------------------------------------------------------
FW0180 (i) 218.20 218.50 0.30 0.13 79.00 0.03 0.30
--------------------------------------------------------------
222.82 226.36 3.54 0.09 218.54 0.13 0.69
--------------------------------------------------------------
242.91 243.66 0.75 0.02 88.00 0.02 0.03
--------------------------------------------------------------
251.64 253.80 2.16 0.04 185.42 0.04 0.05
--------------------------------------------------------------
257.75 260.14 2.39 0.17 448.99 0.89 5.59
--------------------------------------------------------------
261.99 262.79 0.80 0.12 57.00 0.13 0.20
--------------------------------------------------------------------------
FW0181 (i) 233.56 234.31 0.75 0.23 64.00 0.03 0.48
--------------------------------------------------------------
235.80 236.70 0.90 0.05 66.00 0.04 0.05
--------------------------------------------------------------
245.60 250.00 4.40 0.08 116.66 0.40 0.60
--------------------------------------------------------------
267.75 267.97 0.22 0.10 76.00 0.21 0.35
--------------------------------------------------------------
282.00 282.16 0.16 0.10 1,999.50 1.46 0.04
--------------------------------------------------------------
300.90 301.85 0.95 0.04 258.50 0.80 0.92
--------------------------------------------------------------
304.10 305.15 1.05 0.19 135.52 0.47 0.94
--------------------------------------------------------------
340.93 341.26 0.33 0.18 205.50 0.19 0.67
--------------------------------------------------------------------------
FW0182 (i) 189.50 195.50 6.00 0.64 304.50 0.17 0.32
--------------------------------------------------------------
200.25 203.25 3.00 0.13 78.17 0.08 0.16
--------------------------------------------------------------------------
FW0183 (i) 198.80 199.30 0.50 0.03 343.00 0.58 0.86
--------------------------------------------------------------
250.85 251.30 0.45 0.08 513.50 0.44 2.06
--------------------------------------------------------------
256.60 257.25 0.65 0.16 628.00 1.01 3.02
--------------------------------------------------------------
263.80 264.20 0.40 less than 142.00 0.01 0.30
0.01
--------------------------------------------------------------
277.75 278.70 0.95 less than 54.00 0.06 0.12
0.01
--------------------------------------------------------------
288.50 289.25 0.75 0.02 72.00 0.06 0.30
--------------------------------------------------------------------------
FW0184 25.35 27.35 2.00 0.39 117.25 0.02 0.02
--------------------------------------------------------------
293.80 294.55 0.75 0.01 70.00 0.79 3.97
--------------------------------------------------------------------------
FW0185 NSR
--------------------------------------------------------------------------
FW0186 85.60 99.90 14.30 0.02 39.65 0.01 0.03
--------------------------------------------------------------
117.50 119.30 1.80 0.15 105.50 0.04 0.14
--------------------------------------------------------------
128.95 131.25 2.30 0.21 103.50 0.04 2.62
--------------------------------------------------------------
137.33 138.45 1.12 0.07 79.00 0.10 0.52
--------------------------------------------------------------------------
(i) In-fill holes.
True widths for the mineralized zones are typically from 75% 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 nine drills are currently on the
property completing further step out drilling to expand the overall
resource. The deposit remains open along strike to the southwest
and down dip to the south. A resource update is planned to be
completed in May, 2008.
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.
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 (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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