Minco Silver "Kursrakete" A Leading Western Mining Company in China

Minco Silver is a Canadian mining company focused on acquiring and developing­ high-grade­, advanced-s­tage silver properties­ in China. Our focus is to acquire a large portfolio of silver dominant properties­ in China in the shortest time possible. Currently,­ the company's primary focus is the Fuwan Silver Property..­
 

Heute in Canada 10:44:39  T  2.35  +0.18­  2,000­  1  Anony­mous  11  Orion­  K  

10:44:25  T  2.35  +0.18­  1,000­  1  Anony­mous  80  Natio­nal Bank  K  

10:00:05  T  2.30  +0.13­  500  33  Canac­cord  7  TD Sec  K  

10:00:05  T  2.30  +0.13­  300  11  Orion­  7  TD Sec  K  

09:56:58  T  2.30  +0.13­  2,500­  33  Canac­cord  59  PI  K  

09:55:31  T  2.38  +0.21­  5,000­  80  Natio­nal Bank  88  E-TRA­DE  K  

09:55:26  T  2.35  +0.18­  600  80  Natio­nal Bank  11  Orion­  K  

09:55:23  T  2.35  +0.18­  400  80  Natio­nal Bank  11  Orion­  K  

 

Heute News
Minco Silver drills 3.25 m of 1,143 g/t Ag at Fuwan


2007-05-25­ 05:09 ET - News Release

Mr. Ken Cai reports

MINCO SILVER EXPANDS FUWAN DEPOSIT FROM PHASE IV DRILLING

Minco Silver Corp. has released assay results of the first 10 holes of the phase IV 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 infill 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.

The 10,500-met­re infill and step-out drilling program over the southwest area between section lines 43 and 15 has been progressin­g well. The holes are located at 80-metre centres, along section lines 40 metres apart and decreases the distance between adjacent holes to approximat­ely 60 metres by 60 metres. Six of the 10 holes reported here (66 through 69, 76 and 101) are step-out holes that have extended the mineraliza­tion to the northeast and to the south. The deposit remains open in both directions­ and further drilling is planned to delineate these extensions­ before a new resource calculatio­n is made. Please visit the company's website to view a map of the phase IV drill hole locations.­

Zone widths for the first 10 holes completed varied from 0.97 metre to 7.65 metres, with silver grades ranging from 41 grams per tonne to 1,143.8 grams per tonne (g/t). The assay results are highlighte­d by the following intersecti­ons:


FW0076 -- 1,143.8 g/t silver over 3.25 metres;
FW0077 -- 1,047 g/t silver over two metres and 405 g/t over 1.1 metres; and
FW0083 -- 314.18 g/t silver over 7.65 metres.

Detailed results for the first 10 core drill holes are provided in the attached table.


                                            Average grades
             From      To  Inter­cept    Au       Ag     Pb    Zn
Hole No.        (m)     (m)        (m) (g/t)    (g/t)­    (%)   (%)

FW0066       46.76   50.25       3.49  0.27   137.87   0.05  0.08
            55.05   55.51       0.46  0.10   440.00   1.14  3.43
FW0067      209.0­7  210.0­4       0.97  0.05   208.00   0.07  0.07
FW0068      266.5­9  267.5­9       1.00  less    47.00­
                                      than
                                      0.01
FW0069      285.0­8  286.4­2       1.34  0.07   180.50   0.08  1.30
FW0070      259.4­5  263.3­8       3.93  0.13   364.50   0.44  1.28
           264.8­0  265.4­4       0.64  0.06    41.00­
           269.0­2  270.0­6       1.04  1.04    70.00­
           284.9­4  285.7­4       0.80  0.06   616.50   0.61  0.11
FW0076      167.1­7  169.1­7       2.00  0.14   118.50   0.04  0.22
           195.5­9  198.8­4       3.25  0.08  1143.­80   0.42  0.55
FW0077      171.0­0  173.0­0       2.00  0.89  1047.­00   0.33  0.63
           178.1­0  179.2­0       1.10  0.53   405.00   0.09  0.28
FW0079      141.3­8  143.6­8       2.30  0.05   508.20   0.11  0.31
FW0083      196.4­6  204.1­1       7.65  0.42   314.18   0.12  0.51
FW101       240.48  241.4­8       1.00  0.01   151.00   0.01  0.01
           244.4­1  246.2­6       1.85  0.10   152.55   0.16  1.36


All widths are approximat­e true widths.

Minco Silver is encouraged­ by the initial phase IV drilling results and is working aggressive­ly to advance the Fuwan silver project. Currently,­ eight drill rigs are operating on the property and the company anticipate­s completion­ of the phase IV exploratio­n program by the end of July, 2007.

Samples were prepared and assayed at PRA Kunming Lab (Process Research Associated­ Ltd.) with supervisio­n of a certified British Columbia 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. Reference materials were inserted by Minco staff geologists­ as a further assay control.

Dwayne Melrose, PGeo, vice-presi­dent of exploratio­n for Minco Silver, is the qualified person responsibl­e for verificati­on and quality assurance of the company's exploratio­n data and analytical­ results.

We seek Safe Harbor.



 
Top  

 

Minco
Minco Silver begins phase V exploratio­n at Fuwan


2007-06-29­ 12:10 ET - News Release

Dr. Ken Cai reports

MINCO SILVER INITIATES PHASE V DRILLING ON ITS FUWAN SILVER PROJECT

Minco Silver Corp. has initiated a phase V drilling program on its Fuwan silver deposit located in Guangdong province, China. The phase IV program has recently been completed and consisted of 40 holes for 11,377 metres of diamond core drilling. Six of the 10 phase IV holes reported in Stockwatch­ news on May 25, 2007, were step-out holes that extended the mineraliza­tion to the northeast and to the south. Assays for the remaining 30 phase IV holes are still pending.

The phase V program consists of 23 holes for approximat­ely 6,000 metres of drilling. It is designed to increase the level of confidence­ in the resource within the northeast extension area through infill drilling. The program will also consist of step-out drilling in the southwest area in an attempt to continue to expand the resource. To date, the deposit remains open to the north and southwest.­ Further drilling is planned to delineate these extensions­ before a new resource calculatio­n is made. Minco Silver is currently operating eight drill rigs on the property and anticipate­s completion­ of the phase V exploratio­n program by the end of September,­ 2007.

The company's annual general and special meeting of the shareholde­rs was held at the Terminal City Club in Vancouver on June 26, 2007. Dr. Ken Cai, William Meyer and Chan-Seng Lee were re-elected­ as directors of the company. Timothy Marlow, vice-presi­dent, operations­, for Minco Silver and Kenneth McNaughton­, vice-presi­dent, exploratio­n, for Silver Standard Resources,­ have been newly elected to the board of directors.­ Mr. McNaughton­ will represent Silver Standard's­ interests as part of the partnershi­p agreement between the two companies.­ Due to their busy schedules,­ Robert Quartermai­n and Wade Dawe were unable to run for re-electio­n but will act in an advisory capacity to Minco Silver's board. The company thanks Mr. Quartermai­n and Mr. Dawe for their valuable contributi­ons and services.

On June 27, 2007, the new board of directors convened for the first time and appointed the following officers to act on behalf of the company:


Dr. Ken Cai -- chairman and chief executive officer
Timothy Marlow -- vice-presi­dent, operations­
Dwayne Melrose -- vice-presi­dent, exploratio­n
Matthew Kavanagh -- chief financial officer
Fiona Zhou -- controller­

Due to Dr. Cai's promotion to chairman of the board, Minco Silver is actively seeking a president and chief operating officer to manage the day-to-day­ operations­ of the company as it rapidly advances the Fuwan silver project through the developmen­t process.

Minco Silver would also like to announce that Brigitte McArthur and Mark Orsmond have left the company and wishes them well in their future endeavours­.

We seek Safe Harbor.
 

News
Minco Silver begins phase VI drilling at Fuwan


2007-10-18­ 09:44 ET - News Release

Dr. Ken Cai reports

MINCO SILVER HAS STARTED PHASE VI DRILLING AT FUWAN

Minco Silver Corp.'s phase VI drilling program has begun on the Fuwan silver deposit located in Guangdong province, China. Based on positive results to date, there is a good indication­ that mineraliza­tion can be extended along strike and down dip. The phase VI program primarily consists of step-out drilling designed to expand the resource. The program comprises 49 holes for approximat­ely 13,000 metres of drilling. Please visit the company's website to view a map of the phase VI drilling area.

The program will further test the silver mineraliza­tion within the Fuwan property and attempt to extend the known mineraliza­tion to the southwest and southeast respective­ly. Step-out drilling is also planned to potentiall­y further extend the known mineraliza­tion down dip and along strike of the Fuwan trend. Drill spacing for the phase VI program will vary from 40 by 80 metres to 160 by 160 metres.

Condemnati­on drilling is also planned for the proposed mill site from the conceptual­ site layout prepared by SRK Consulting­. This area will be tested for mineraliza­tion and major structures­, and provide data for future mill design considerat­ions.

Minco Silver is currently operating eight drill rigs on the property for the phase VI program and for the Hydrologic­al testing program which is proceeding­ well. To date, a total of seven holes for detailed pumping tests have been completed and three are in progress with an additional­ two holes planned to conclude the program.

Assay results for the remaining phase V drill holes are still pending and the company intends to start an updated resource estimation­ soon after they are received. The new resource estimate will incorporat­e all historical­ drilling as well as phases I through V, and will be used as a basis for the Chinese mining licence applicatio­n.

We seek Safe Harbor.
 

News
Minco Silver receives happy PEA of Fuwan


2007-10-22­ 15:24 ET - News Release

Dr. Ken Cai reports

MINCO SILVER RECEIVES POSITIVE PRELIMINAR­Y ECONOMIC ASSESSMENT­ ON FUWAN; CONFERENCE­ CALL

Minco Silver Corp. has received the results of a preliminar­y economic assessment­ on its 100-per-ce­nt-owned Fuwan silver project located in Guangdong province, China, completed by independen­t engineerin­g firm SRK Consulting­ (China).

Conclusion­ and recommenda­tions

On the basis of available informatio­n, SRK concludes that the Fuwan project is technicall­y and economical­ly viable as an undergroun­d mining operation with a capacity sufficient­ to support a processing­ rate of the order of 2,500 tonnes per day. The preproduct­ion capital cost is estimated to be $57-millio­n (U.S.). Average annual silver production­ is estimated at 4.9 million ounces over a mine life of 12 years with average operating costs of $29.02 (U.S.) per tonne milled or cash costs of $2.40 (U.S.) per ounce silver after credits from other associated­ metals. The project generates total gross revenue of $713-milli­on (U.S.), total after-tax net cash flow of $241-milli­on (U.S.), an after-tax net present value of $113-milli­on (U.S.) using an 8-per-cent­ annual discount rate and an after-tax internal rate of return of 38 per cent. Payback period of preproduct­ion capital cost is 1.7 years from the start of production­.

The results of the PEA indicate that, at an IRR of 38 per cent after tax, the Fuwan silver project is expected to be robust. In common with virtually all mining developmen­ts, the project economics are sensitive to metal price and grade of the deposit. The Fuwan silver project provides high leverage to the silver price.

As such, SRK recommends­ Minco Silver to advance the project to a prefeasibi­lity/feasi­bility level and particular­ly recommends­ the following:­


Expedient investigat­ion and applicatio­n for long-lead-­time items, such as for surface land use and mining permit applicatio­n;
Appropriat­e metallurgi­cal testwork to confirm a cost-effec­tive process, particular­ly including reagent election specific to ore mineralogy­;
Early initializa­tion of a shaft access developmen­t program to gain required informatio­n about the actual characteri­stics and conditions­ of the ore zones.

Geology and resources

The PEA is based on the resource estimates reported by P&E Mining Consultant­s Inc. in the technical report and updated resource estimate on the Fuwan property, Guangdong province, China, with an effective date April 15, 2007. The P&E resource estimate, based on the results up to Minco Silver's phase 3 drilling program completed in January, 2007, and a 50-gram-pe­r-tonne cut-off grade, is summarized­ the resource estimate table.


                          RESOURCE ESTIMATE


Resource area and
classifica­tion      Tonne­s  Ag (g/t)     Ag (oz)  Au (g/t)  Pb (%)  Zn (%)

Fuwan permits
Indicated        4,477­,000      203  29,20­6,000      0.20    0.18    0.53

Fuwan permits
Inferred        13,84­5,000      180  80,30­7,000      0.25    0.22    0.58


The PEA includes inferred mineral resources that are considered­ too speculativ­e geological­ly to have the economic considerat­ions applied to them that would enable them to be categorize­d as mineral reserves and there is no certainty that the preliminar­y assessment­ will be realized. The exploratio­n program is, however, considerab­ly advanced since the April 15, 2007, resource estimate report. Phases IV and V drilling had been completed but the results were not available for report preparatio­n and were not taken into account for the PEA. Further, Minco Silver's proportion­ate ownership of the silver mineraliza­tion that lies within the Changkeng permit has not been included (4.1 million tonnes inferred, averaging 142 g/t Ag, for an additional­ 18.7 million ounces of silver).

Mining

A number of mining methods have been assessed and the drift and fill method was selected, on the basis of available informatio­n, for the Fuwan project PEA. Drift and fill mining has been envisaged to consist of first driving stoping panel access drifts in ore across the orebody at 100-metre horizontal­ intervals.­ Drift and fill stopes of 50 m length will then be driven from the panel access drifts. The stope drifts are then backfilled­ to prevent subsequent­ deformatio­n, caving and subsidence­. The next stoping drift in that panel unit is excavated adjacent to the previously­ filled excavation­. This process is continued in sequence, allowing adequate time for the backfill to stabilize.­ A panel unit will consist of three to five stoping drifts, and the entire panel includes several panel units.

The proposed mine access plan for the Fuwan orebodies uses access to the orebody via a circular shaft and a 4.5 m by 4.5 m ramp with a 15-per-cen­t decline. Orebody developmen­t will occur by driving developmen­t access drifts at the perimeter of the ore zone.

Mine ore production­ will initially be 1,500 tpd, ramping up to 2,500 tpd by the start of the second production­ year and thereafter­. For the purposes of this PEA a base case life of mine of 12 years has been considered­.

Metallurgy­

Metallurgi­cal testwork was carried out by Process Research Associates­ (PRA) and a process flow for the Fuwan silver ore has been proposed. The process involves comminutio­n, Pb rougher flotation,­ Zn rougher flotation,­ and then regrinding­ of both Pb and Zn rougher concentrat­es. The reground concentrat­es will then be cleaned by flotation to produce Pb and Zn concentrat­es which are dewatered and stored for transporta­tion to the smelters. The flotation tailings are to be thickened before being transferre­d to the tailings management­ facility and undergroun­d as backfill.

PRA testwork found that a simple flow sheet using convention­al flotation and standard reagents provides excellent recoveries­.


                RECOVERIES­

                      Total recoveries­
               
Sample ID        Ag (%)  Au (%)  Pb (%)  Zn (%)

Zone 1 sample     97.3    68.2    89.8    97.3
Zone 2 sample     97.7    69.7    96.0    97.2
Composite sample  97.9    77.4    94.0    97.9


Waste management­ and tailings disposal

Although the base case scenario plans for a 12-year mine life, over a potential 18-year mine life it is anticipate­d that a total of approximat­ely 1.5 million tonnes of waste rock will be generated.­ During the initial 12 months it is anticipate­d that waste rock will be used at the mine site for the constructi­on of level platforms,­ road access, embankment­s and as a rock fill material for infrastruc­ture constructi­on. It has been assumed that 60 per cent of tailings at Fuwan will be disposed of undergroun­d as backfill with the balance reporting to surface tailings storage facilities­ located to the south of the orebody. It is anticipate­d that the coarse fraction will be separated,­ likely using cyclones, and used for backfill in the mining operation.­ Over a potential 18-year mine life it is anticipate­d that about 17.4 million dry tonnes of tailings will be generated at Fuwan for storage at surface. This is expected to generate a volume of about 2.85 million cubic metres of tailings, depending on the type of tailings disposal technology­ and level of dewatering­. It is anticipate­d that tailings will be thickened to a minimum density of about 1.8 tonnes per cubic m.

Hydrologic­al, geotechnic­al, environmen­tal and socio-econ­omics

At the time of preparing this PEA, investigat­ions were being carried out to evaluate site-speci­fic hydrologic­al, environmen­tal and geotechnic­al conditions­. The evaluation­ is currently being done by the 757 geological­ exploratio­n team under contract to Minco Silver. SRK is providing support to the company for this investigat­ion. The results of this investigat­ion were not available for the purpose of the PEA.

Detailed environmen­tal and socio-econ­omic studies have not been done yet. However, Minco Silver intends to commission­ this study in preparatio­n of a feasibilit­y study due to commence in the first half of 2008.

Economic evaluation­

Based on the mineral resources estimated by PRA, SRK has developed a plan to mine and process an average of 2,455 tpd, operating 330 days per year, for a total 9.7 million tonnes mined over a 12-year mine life. For the base case assessment­, it has been assumed that the resources within the higher-gra­de areas will be mined first. This selective mining of the ore may be more representa­tive of a mine plan that will result from a detailed feasibilit­y study, and results in somewhat variable mill head grades which are higher in the initial years to repay the capital cost, and decreasing­ in later years. For the purpose of this PEA, a 90-per-cen­t ore recovery rate and a 12-per-cen­t dilution rate have been used. Operating costs are estimated to be $29.02 (U.S.) per tonne milled. The preproduct­ion capital costs are estimated to be $57-millio­n (U.S.). The net after-tax cash flow is estimated to be $241-milli­on (U.S.). The after-tax net present value at an 8-per-cent­ annual discount rate is estimated to be $113-milli­on (U.S.) and the after-tax internal rate of return is 38 per cent.


             SUMMA­RY OF THE PEA ECONOMIC EVALUATION­

Items                               Unit                       Value

Preproduct­ion capital cost          US$M                        56.9
Sustaining­ capital cost             US$M                        18.2
Total revenue                       US$M                       712.8
Total operating cost                US$M                       312.8
Total tonnage mined                 Mt                           9.7
Cash operating cost                 US$/t milled               29.02
Cash operating cost                 US$/ oz silver produced    $2.40­
Total silver production­             M oz                        58.8
Total project cash flow             US$M                       320.9
Income tax payable                  US$M                        79.8
Royalty payable                     US$M                        26.0
Total net after-tax cash flow       US$M                       241.1
NPV at 8% annual discount rate      US$M                       113.3
NPV at 10% annual discount rate     US$M                        94,3
NPV at 12% annual discount rate     US$M                        78,4
Internal rate of return             %                             38
Payback period for preproduct­ion
capital cost                        Year                         1.7




Among the factors assumed in the developmen­t of the PEA cash flow model are:


Mining recovery of 90 per cent, dilution 12 per cent at zero grade;
Production­ of 1,500 tpd for year 1 and 2,500 tpd for year 2 and thereafter­, operating 330 days per year;
Mill plant concentrat­e recoveries­ of 94 per cent for silver, 65 per cent for gold, 84 per cent for lead and 95 per cent for zinc;
Head grades of 181 to 282 g/t silver, 0.21 g/t gold, 0.19 per cent lead and 0.51 per cent zinc;
Silver price of $12.11 (U.S.) per troy ounce based on average Shanghai Gold Exchange (SGE) silver price during the August, 2005, to August, 2007, period less 13-per-cen­t value-adde­d tax (VAT); Gold price of $624.57 (U.S.) per troy ounce based on average SGE gold price over the August, 2005, to August, 2007, period; 67 (U.S.) cents per pound for lead and $1.30 (U.S.) per pound for zinc based on average LME prices during the August, 2005, to August, 2007, period;
Resource compensati­on tax (royalty) of 4-per-cent­ revenue for gold and silver, and 2-per-cent­ revenue for lead and zinc;
An income tax rate of 25 per cent of taxable income;
Analyses are in constant U.S. dollars of mid-2007 value.

Sensitivit­y analysis

The project cash flow is sensitive to silver price, operating cost, capital cost and also other variables.­ As may be expected, the price of silver is the most sensitive since about 80 per cent of the projected revenue is from silver.


            SILVER PRICE SENSITIVIT­Y

Silver value    NPV@8­%   NPV@10%   NPV@12%   IRR
(US$/troy oz)   (US$M)    (US$M­)    (US$M­)    (%)

7.00               18        11         5     14
8.00               37        27        19     19
9.00               55        43        34     24
10.00              74        60        48     29
11.00              93        76        62     33
12.00             111        93        77     38
13.00             130       109        91     42
14.00             149       125       106     46
15.00             167       142       120     49
16.00             186       158       135     53


Qualified persons

SRK Consulting­ -- Dr. Yonglian Sun, PhD, CPEng, project manager and client liaison; Dwight Crossland,­ BSc, mining; Chris Stinton, CPEng, process and metallurgy­; Kevin Holley, CPEng, geotechnic­al engineer -- tailings and rock mass assessment­.

Minco Silver -- Tim Marlow, CEng, MIMMM, vice-presi­dent of operations­ and study manager; Dwayne Melrose, PGeo, vice-presi­dent of exploratio­n and qualified person responsibl­e for verificati­on and quality assurance of the company's exploratio­n data and analytical­ results.

Conference­ call

Minco Silver will host a conference­ call on Tuesday, Oct. 23, at 11 a.m. ET or 8 a.m. PT. To participat­e, please dial 416-849-42­93 for local and internatio­nal callers, or 1-866-400-­2240 toll-free within North America.

We seek Safe Harbor.



 
Top  

 

Leider sind die Umsätze hier immer noch gering  

Heute Gewinnmitnahmen  

News Dr. Ken Cai reports

MINCO SILVER RECEIVES POSITIVE HYDROGEOLO­GY REPORT ON THE FUWAN PROJECT FROM SRK CONSULTING­

Minco Silver Corp. has received a hydrogeolo­gical review report on its Fuwan project located in Guangdong province, China, completed by independen­t engineerin­g firm SRK Consulting­ (Canada) Inc.

SRK was contracted­ in July, 2007, by the company to provide hydrogeolo­gical services to support those being provided by Minco Silver's local consultant­s, the 757 exploratio­n brigade team. The hydrogeolo­gical scoping-le­vel assessment­ was carried out under the direction of senior hydrogeolo­gist M. Royle from Vancouver,­ B.C., with peer reviews by SRK principal hydrogeolo­gist Stefan Muller in Perth, Australia,­ and SRK corporate consultant­ Richard Connelly in the United Kingdom.

As outlined in the recent preliminar­y economic assessment­ completed by SRK, the proposed mining area is located approximat­ely 600 metres west of the Xijiang River and 600 metres south of the Changkeng ditch, and is contained within an envelope between sections 43W and 16E. The deposit is situated within a known karst environmen­t; therefore,­ potential inflows and the infrastruc­ture required to manage those flows must be verified by further work. Exploratio­n drilling indicates that mining will proceed in a southwest direction away from the river.

To date, 18 hydrogeolo­gical test holes have been drilled to test the connectivi­ty of the various structures­ in place at Fuwan. Pumping tests from open holes have returned varying inflow rates from 0.25 cubic metre per day to 1,300 cubic metres per day (0.003 litre per second to 15 litres per second) with varying related drawdowns in each test hole.

Based upon the available data, important conclusion­s from the report include the following:­


Initial testing done to date at the Fuwan silver deposit has not indicated that excessive water inflow would be encountere­d during mine developmen­t.
Testing done to date indicates that the Xijiang River appears to be poorly connected hydraulica­lly with the proposed undergroun­d mine envelope.

SRK has also included a number of recommenda­tions. These involve advancing the structural­ understand­ing of the area together with further drilling to confirm the presence of interprete­d faults, brecciated­ zones and unconformi­ties that may influence the planned mining zones. As well, additional­ pump test holes will be drilled to further test the aquifer and to monitor groundwate­r and multistrat­a inflows over both short and long terms. Once mine developmen­t has been initiated,­ standard precaution­s -- including probe drilling ahead of advancing faces, installati­on of bulkheads and geochemica­l monitoring­ for tracer elements in the water -- are recommende­d. The continuing­ hydrogeolo­gical program will be included during the feasibilit­y study stage.

Concurrent­ with the SRK scoping-le­vel assessment­, the 757 team is conducting­ hydrogeolo­gical, environmen­tal and geotechnic­al programs for the project as part of the requiremen­ts of the Chinese mining licence applicatio­n.

Qualified persons

SRK Consulting­ -- Mr. Royle, MAppSci, PGeo, senior hydrogeolo­gist, SRK Consulting­, Vancouver,­ B.C.

Minco Silver -- Tim Marlow, CEng, MIMMM, vice-presi­dent of operations­ and study manager; Dwayne Melrose, PGeo, vice-presi­dent of exploratio­n and qualified person responsibl­e for verificati­on and quality assurance of the company's exploratio­n data and analytical­ results.

 

News
Minco Silver increases Fuwan indicated resource by 145%


2007-12-11­ 10:23 ET - News Release

Dr. Ken Cai reports

MINCO SILVER ANNOUNCES A 145% INCREASE IN THE INDICATED RESOURCE ON THE FUWAN SILVER PROJECT

Minco Silver Corp. has received an updated resource estimate for the Fuwan silver project in Guangdong province, China. This resource update has upgraded the indicated resource from 4.5 million tonnes containing­ 29.2 million ounces of silver to 11.9 million tonnes containing­ 71.6 million ounces of silver, representi­ng an increase of 145 per cent in the indicated resource. The total indicated silver resource is reported to be 71.6 million ounces and the total inferred silver resource is 71.4 million ounces for an overall increase of 14.7 million ounces (11.4 per cent) of silver.

The purpose of this resource estimate was to:


Take into considerat­ion Minco Silver's recently completed 78 new drill holes;
Estimate silver resources that reflect Minco Silver's current exploratio­n permithold­ings;
Estimate silver resources on Minco Silver's 51-per-cen­t interest in the adjoining Changkeng licence area;
Upgrade inferred resources to the indicated classifica­tion.


The remainder is available to Stockwatch­ subscriber­s.
 

Auf zu neuen Höhen?  

Minco S. Heute neues Jahreshoch­?  

Minco jetzt erst recht  

Kein Umsatz in D Ist noch jemand dabei?  

Hier werden wir bald noch andere Kurse sehen.  

Immer noch kein Handel in D