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Re: News - Thursday, October 04, 2007
Minco Silver Releases Assay Results from Phase V Drilling Program
on the Fuwan Silver Deposit
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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
--------------------------------------------------------------------
Inter- Average Grade
Hole From To cept --------------------------------
No. (m) (m) (m) 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:
http://www.mincosilver.ca/i/pdf/2007-10-04_NR.pdf
44 KB in size, approx. 9 seconds to download at 56.6Kbps
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Copyright (c) 2007 MINCO SILVER CORPORATION (MNV) All rights reserved.
For more information visit our website at http://www.mincosilver.ca/
or send mailto:info@mincosilver.ca
Message sent on Thu Oct 4, 2007 at 10:36:08 AM Pacific Time
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