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Re: News - Thursday, August 16, 2007
Minco Silver Continues to Expand Fuwan Deposit with the
Completion of Phase IV Drilling
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Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV)
is pleased to report the assay results of 30 holes from 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. Phase IV drilling was completed
in late June with a total of 45 holes being drilled for 11,451.8
metres.
The combined infill and step out drilling program over the Southwest
area occurred between section lines 43 and 15. 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. The infill drilling predominantly confirmed the consistency of
south western mineralized zone. Seven of the thirty holes reported
here (FW0074, 78, 80, 99, 103, 105 and 106) are step out holes that
have extended the mineralization to the Northeast and to the South up
to 40 to 80 metres in localized locations. 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 at www.mincosilver.ca to view a map of the Phase IV
drill hole locations.
Zone widths for these 30 holes completed varied from 0.20 metres to
14.25 metres (m) with silver grades ranging from 20.7 grams per tonne
to 10,429.0 grams per tonne (g/t). The assay results are highlighted by
the following intersections:
.. FW0072: 208.33 g/t silver over 6.66 m, 136.3 g/t silver over 3.2 m
.. FW0078: 434.32 g/t silver over 14.25 m
.. FW0081: 194.83 g/t silver over 7.50 m
.. FW0085: 293.90 g/t silver over 6.1 m
.. FW0090: 91.64 g/t silver over 7.0 m and 557.49 g/t silver over 7.81 m
.. FW0095: 204.51 g/t silver over 3.82 m and 99.67 g/t silver over 6.0 m
.. FW0096: 768.67 g/t silver over 5.4 m
.. FW0099: 149.09 g/t silver over 6.8 m and 200.63 g/t silver over 3.1 m
.. FW0102: 1,602.89 g/t silver over 3.33 m
.. FW0105: 1,165.28 g/t silver over 2.65 m
.. FW0106: 808.24 g/t silver over 2.05 m
.. FW0109: 282.27 g/t silver over 2.54 m
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Average Grades
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From To Intercept Au Ag Pb Zn
Hole No. (m) (m) (m) (g/t) (g/t) (%) (%)
------------------------------------------------------------------
FW0071 176.25 177.60 1.35 0.42 549.00 0.28 3.37
------------------------------------------------------
183.05 188.05 5.00 0.38 164.70 0.10 0.45
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207.84 209.51 1.67 0.19 193.34 0.23 3.15
------------------------------------------------------------------
FW0072 130.86 137.52 6.66 0.39 208.33 0.12 0.36
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172.47 175.67 3.20 0.12 136.30 0.04 0.18
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FW0073 190.86 191.21 0.35 0.35 10,429.00 4.00 5.72
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FW0074 No significant values
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FW0075 176.42 177.22 0.80 0.03 505.00 0.98 2.51
------------------------------------------------------------------
FW0078 172.90 187.15 14.25 0.16 434.32 0.23 1.43
------------------------------------------------------
194.82 196.98 2.16 0.11 153.00 0.10 0.80
------------------------------------------------------------------
FW0080 123.08 124.28 1.20 0.21 188.00 0.06 0.11
------------------------------------------------------------------
FW0081 188.87 196.37 7.50 0.06 194.83 0.10 0.43
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202.98 204.08 1.10 0.08 107.50 0.42 2.03
------------------------------------------------------------------
FW0082 217.39 218.52 1.13 0.07 118.50 0.12 0.41
------------------------------------------------------------------
FW0084 166.92 168.92 2.00 0.07 101.00 0.03 0.09
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191.12 193.00 1.88 0.15 95.61 0.20 0.31
------------------------------------------------------------------
FW0085 191.44 192.55 1.11 0.16 93.50 0.17 1.43
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205.60 211.70 6.10 0.28 293.90 0.21 0.39
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226.75 227.75 1.00 0.14 113.00 0.13 0.37
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245.88 246.88 1.00 0.25 108.00 0.12 0.43
------------------------------------------------------------------
FW0086 240.00 240.20 0.20 0.04 117.50
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FW0087 230.61 230.89 0.28 0.23 1,171.50 0.42 1.75
------------------------------------------------------------------
FW0088 302.63 303.52 0.89 0.11 32.00
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FW0090 158.93 165.93 7.00 0.28 91.64 0.03 0.11
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223.15 230.96 7.81 0.11 557.49 0.27 1.28
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250.20 251.50 1.30 0.10 177.00 0.06 0.17
------------------------------------------------------------------
FW0091 241.90 242.75 0.85 0.11 26.10
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FW0092 220.60 226.10 5.50 0.33 108.97 0.06 0.08
------------------------------------------------------
255.50 256.40 0.90 0.90 377.00 0.25 0.49
------------------------------------------------------------------
FW0093 230.40 230.85 0.45 0.06 455.50 0.22 0.15
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245.80 248.55 2.75 0.06 126.63 0.42 0.66
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272.40 274.00 1.60 0.06 109.50 0.58 2.28
------------------------------------------------------------------
FW0094 239.93 240.93 1.00 0.25 334.50 0.15 0.65
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249.33 253.68 4.35 0.05 107.85 0.22 0.32
------------------------------------------------------------------
FW0095 197.78 201.60 3.82 0.38 204.51 0.02 0.02
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240.40 246.40 6.00 0.12 99.67 0.09 0.16
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260.75 261.55 0.80 0.07 196.00 0.06 0.22
------------------------------------------------------------------
FW0096 241.70 247.10 5.40 0.07 768.67 0.49 0.82
------------------------------------------------------------------
FW0097 244.60 248.40 3.80 1.68 54.53 0.04 0.12
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270.15 270.60 0.45 0.34 663.50 0.37 0.42
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287.55 288.65 1.10 0.08 103.00 0.23 3.41
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290.80 291.65 0.85 0.11 231.00 0.42 4.04
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314.25 317.90 3.65 0.10 84.39 0.19 3.48
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322.80 323.90 1.10 0.20 117.50 0.26 5.18
------------------------------------------------------------------
FW0098 260.02 261.47 1.45 0.16 54.34 0.07 0.18
------------------------------------------------------------------
FW0099 243.75 250.55 6.80 0.12 149.09 0.26 1.77
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260.30 263.40 3.10 0.18 200.63 0.30 3.49
------------------------------------------------------------------
FW0102 122.43 125.76 3.33 0.37 1,602.89 0.42 1.16
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188.63 189.95 1.32 0.09 92.50 0.51 1.01
------------------------------------------------------------------
FW0103 218.65 219.65 1.00 less 26.30
than
0.01
------------------------------------------------------------------
FW0105 265.35 268.00 2.65 0.17 1,165.28 1.55 2.46
------------------------------------------------------------------
FW0106 242.45 244.45 2.00 0.09 57.00 0.30 0.42
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264.27 266.32 2.05 0.07 808.24 0.39 2.12
------------------------------------------------------------------
FW0108 235.97 237.13 1.16 0.12 50.00 0.05 0.05
------------------------------------------------------------------
FW0109 284.42 287.20 2.78 1.27 65.10 0.06 0.25
------------------------------------------------------
296.36 298.90 2.54 0.03 282.27 0.17 1.69
------------------------------------------------------------------
True widths for the mineralized zones are typically from 85% to 100% of
the stated intercepts.
Minco Silver is encouraged by the Phase IV drilling results and is
working aggressively to advance the Fuwan Silver Project with further
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.
Mr. Dwayne Melrose, P. Geo, Vice President Exploration for Minco
Silver, 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 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
"Ken Z. Cai"
President & 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/2007-08-16_NR.pdf
49 KB in size, approx. 10 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 Aug 16, 2007 at 9:15:19 AM Pacific Time
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