HIGH: 0.68
LOW: 0.65
VOLUME: 1700
CHANGE: -0.02
C$ 0.65
News
RSS Feed
Email Request
SEDAR Profile
Show printable version of 'Minco Silver Releases Assay Results from Phase V D...' in a New Window

Minco Silver Corporation

 October 04, 2007
Minco Silver Releases Assay Results from Phase V Drilling Program on the Fuwan Silver Deposit

 
Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV) is pleased to report the assay results of 16 holes from the Phase V exploration program on its Fuwan Silver deposit located in Guangdong Province, China. The program was designed to further increase the level of confidence of the resource through in-fill and step out drilling, and encompasses a broad spectrum of detailed engineering work designed to investigate the geotechnical, hydrological, and metallurgical aspects of the project. Phase V drilling was completed in late September with a total of 18 holes being drilled for 3,650 metres.

The combined in-fill and step out drilling program over the Northeast area occurred between section lines 3 and 16. The holes are located at 40 metre centres, along section lines 40 metres apart, and decreases the distance between adjacent holes to approximately 60 metres by 60 metres. The in-fill drilling predominantly confirmed the consistency of north eastern mineralized zone. Two of the thirteen holes reported here (FW115 and FW0120) are step out holes that have extended the mineralization to the south. The deposit remains open in the southwest strike direction and down-dip to the south. FW0107, FW0113 and FW0116 did not completely test the targets before the holes were stopped. These targets will be re-drilled in the immediate future. Please visit the company's website at www.mincosilver.ca to view a map of the Phase V drill hole locations.

Zone widths for these 16 holes completed varied from 0.75 metres (m) to 7.90 m with silver grades ranging from 93.03 grams per tonne (g/t) to 1,456.50 g/t. The assay results are highlighted by the following intersections:
  • FW0110: 118.52 g/t silver over 6.00 m, 107.20 g/t silver over 4.30 m, 655.69 g/t silver over 4.70 m, and 216.16 g/t silver over 7.64 m
  • FW0111: 574.00 g/t silver over 2.00 m
  • FW0114: 372.58 g/t silver over 3.24 m
  • FW0115: 292.20 g/t silver over 7.90 m and 1,456.50 g/t silver over 1.07 m
  • FW0117: 233.92 g/t silver over 6.00 m, 209.41 g/t silver over 2.23 m, 353.90 g/t silver over 4.20 m and 412.67 g/t silver over 3.30 m
  • FW0118: 177.27 g/t silver over 4.63 m
  • FW0120: 190.67 g/t silver over 7.13 m, 265.46 g/t silver over 3.28 m
  • FW0122: 160.64 g/t silver over 5.92 m
  • FW0124: 1,166.00 g/t silver over 1.25 m

Hole
No.
From
(m)
To
(m)
Intercept
(m)
Average Grade
Au (g/t) Ag (g/t) Pb (%) Zn (%)
FW0107       NSR      
FW0110 281.50 287.50 6.00 0.41 118.52 0.06 0.44
  297.30 301.60 4.30 0.15 107.20 0.15 0.40
  315.00 319.70 4.70 0.08 655.69 0.71 0.60
  324.70 332.34 7.64 0.08 216.16 0.43 1.18
  353.50 355.30 1.80 0.07 168.11 0.49 1.11
FW0111 262.20 264.20 2.00 0.15 574.00 0.44 0.49
  295.10 295.85 0.75 0.05 267.50 0.30 1.98
  321.80 322.60 0.80 0.17 253.50 0.12 0.06
FW0112 258.20 259.50 1.30 0.05 165.00 0.06 0.13
FW0113       NSR      
FW0114 181.24 184.48 3.24 0.07 372.58 0.54 1.72
FW0115 98.70 106.60 7.90 0.09 292.20 0.46 0.36
  124.58 125.65 1.07 0.45 1,456.50 4.50 10.73
FW0116       NSR      
FW0117 92.81 98.81 6.00 0.24 233.92 0.15 0.52
  104.94 105.94 1.00 0.19 165.00 0.12 0.31
  113.98 116.21 2.23 0.06 209.41 0.48 0.93
  126.94 131.14 4.20 0.09 353.90 1.28 2.63
  153.59 156.89 3.30 0.04 412.67 1.08 2.05
FW0118 65.67 70.30 4.63 0.19 177.27 0.10 0.15
FW0120 116.70 123.83 7.13 0.19 190.67 0.64 0.45
  128.70 131.98 3.28 0.23 265.46 1.20 2.19
  145.01 146.06 1.05 0.11 356.00 0.59 2.10
FW0121 107.30 110.30 3.00 0.13 173.00 0.10 0.38
FW0122 100.33 106.25 5.92 0.17 160.64 0.78 1.40
FW0124 127.75 129.00 1.25 0.11 1,166.00 2.35 1.63
FW0125 165.95 170.18 4.23 0.10 93.03 0.33 1.77
FW0126 107.82 109.85 2.03 0.15 152.24 1.62 4.35

True widths for the mineralized zones are typically from 85% to 100% of the stated intercepts.

Minco Silver is encouraged by the Phase V drilling results and is continuing to work aggressively to advance the Fuwan Silver Project with further drilling. A total of 9 drills are currently on the property completing in-fill, step out, and hydrogeological drilling.

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.

This new release has been reviewed and approved for release by Mr. Dwayne Melrose, P. Geo, Vice President Exploration for Minco Silver, 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). For more information on Minco Silver, please visit the website at www.mincosilver.ca or contact Ute Koessler at 1-888-288-8288 or (604) 688-8002 info@mincosilver.ca.

ON BEHALF OF THE BOARD
"Dr. Ken Z. Cai"
Chairman & CEO

The Toronto Stock Exchange does not accept responsibility for the accuracy of this news release. 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.

View News Release in PDF Format:
File: http://www.mincosilver.ca/i/pdf/2007-10-04_NR.pdf
 44 KB, approx. 9 seconds at 56.6Kbps
 
 

You can view the Next News item: Mon Oct 15, 2007, Minco Silver Appoints Garnet Clark Chief Financial Officer

You can view the Previous News item: Mon Sep 17, 2007, Minco Silver Reports Over 97% Silver Recoveries from Initial Metallurgical Tests at the Fuwan Project

You can return to the main News page, or press the Back button on your browser.

Home
Corporate
Projects
News
Investors
QwikReport
Contact
Legal Information

Head Office


2060 - 1055 West Georgia Street
PO Box 11176
Vancouver, BC
Canada V6E 3R5
Tel: 604-688-8002
Fax: 604-688-8030
Toll Free: 1-888-288-8288
Email:

Minco Mining (China) Corporation


Suite 1706, Tower C, Global Trade Centre
36, East Beisanhuan Road
Dongcheng District, Beijing
Peoples Republic of China 100013
Tel: +86-10-59575377
Fax: +86-10-59575356