Minco Silver Corporation was formed to acquire and develop silver dominant projects. The Company has focused on China and its flagship project is the Fuwan Silver property located in Guangdong Province, China. Until its spin-off into a separately traded company on the TSX in December 2005, Minco Silver was a subsidiary of Minco Gold Corporation (TSX:MMM /AMEX:MGH). Minco Gold Corporation holds a 32.5% stake in Minco silver as at November 2009.
In addition to its Fuwan Silver property, Minco Silver, through Minco (China) Corporation (a wholly owned subsidiary of Minco Gold Corporation), has been granted three exploration licences, located in the Sanzhou Basin, by the Ministry of Land and Resources of China for a total land package in excess of 200 square kilometres. Two exploration licences, the Luoke-Jilingang and the Sanyatang, cover the major part of the northeast-trending Fuwan Silver Belt which hosts the known gold and silver occurrences in the Sanzhou Basin, including the Company's Fuwan Silver and Minco Gold's Changkeng Gold properties.
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Corporate Vision
Minco Silver's vision is to become a leading primary silver producer and to create long-term value for shareholders, customers, and employees. The Company will implement corporate growth through targeted acquisition of large silver dominant properties and by bringing advanced-stage projects to feasibility.
Corporate Strengths
Skilled senior management team with global track-record in major mining organizations
Important strategic and equity partner in Silver Standard Resources
Strong associations with premier Chinese mining organizations
Solid relationships with the Chinese government
Major Milestones
Completed IPO on the Toronto Stock Exchange in December 2005
Completed the acquisition of 100% of the Fuwan Silver Project
Completed preliminary metallurgical testing, hydrology testing and an independent Preliminary Economic Assessment in 2007
In May 2008, expanded the Fuwan Deposit indicated resources to 93.5 million ounces of silver which will serve as a basis for the ongoing International Bankable Feasibility Study (IBFS)
Corporate Development Plan
Acquire and explore large silver dominant projects
Undertake exploration and development programs on the Fuwan Property
