HIGH: 0.87
LOW: 0.85
VOLUME: 23899
CHANGE: +0.02
C$ 0.87
News
RSS Feed
Email Request
SEDAR Profile
Show printable version of 'Minco Silver Continues To Expand Mineralization At...' in a New Window

Minco Silver Corporation

 April 08, 2008
Minco Silver Continues To Expand Mineralization At Fuwan

 
Minco Silver Corporation (the "Company" or "Minco Silver") (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 to1,999.50 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/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/NRApril8-08.pdf
 48 KB, approx. 10 seconds at 56.6Kbps
 
 

You can view the Next News item: Wed Apr 23, 2008, Minco Silver Initiates Bankable Feasibility at Fuwan

You can view the Previous News item: Thu Apr 3, 2008, Minco Silver Continues to Generate Excellent Step Out Drilling Results

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