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Minco Silver Continues To Expand Mineralization At Fuwan
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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
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Average Grade
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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
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FW0168 28.57 46.00 17.43 0.29 185.35 0.07 0.20
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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
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FW0173 NSR
--------------------------------------------------------------------------
FW0174 NSR
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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
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87.50 91.04 3.54 0.04 80.72 0.01 0.01
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129.30 140.74 11.44 0.04 89.50 0.07 0.13
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159.20 159.74 0.54 0.08 144.00 0.22 0.42
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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
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156.44 156.90 0.46 0.09 169.00 0.11 0.56
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158.80 159.25 0.45 0.18 328.50 0.18 0.47
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182.70 183.70 1.00 0.25 115.50 0.08 0.18
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185.31 187.00 1.69 0.25 485.79 0.41 1.31
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193.80 196.80 3.00 0.21 159.67 0.07 0.16
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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
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280.80 281.20 0.40 0.02 361.50 0.25 0.11
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288.78 289.68 0.90 0.08 112.00 0.41 1.83
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FW0179 (i) 210.10 225.30 15.20 0.29 474.12 0.10 0.19
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FW0180 (i) 218.20 218.50 0.30 0.13 79.00 0.03 0.30
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222.82 226.36 3.54 0.09 218.54 0.13 0.69
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242.91 243.66 0.75 0.02 88.00 0.02 0.03
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251.64 253.80 2.16 0.04 185.42 0.04 0.05
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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
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FW0181 (i) 233.56 234.31 0.75 0.23 64.00 0.03 0.48
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235.80 236.70 0.90 0.05 66.00 0.04 0.05
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245.60 250.00 4.40 0.08 116.66 0.40 0.60
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267.75 267.97 0.22 0.10 76.00 0.21 0.35
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282.00 282.16 0.16 0.10 1,999.50 1.46 0.04
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300.90 301.85 0.95 0.04 258.50 0.80 0.92
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304.10 305.15 1.05 0.19 135.52 0.47 0.94
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340.93 341.26 0.33 0.18 205.50 0.19 0.67
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FW0182 (i) 189.50 195.50 6.00 0.64 304.50 0.17 0.32
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200.25 203.25 3.00 0.13 78.17 0.08 0.16
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FW0183 (i) 198.80 199.30 0.50 0.03 343.00 0.58 0.86
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250.85 251.30 0.45 0.08 513.50 0.44 2.06
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256.60 257.25 0.65 0.16 628.00 1.01 3.02
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263.80 264.20 0.40 less than 142.00 0.01 0.30
0.01
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277.75 278.70 0.95 less than 54.00 0.06 0.12
0.01
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288.50 289.25 0.75 0.02 72.00 0.06 0.30
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FW0184 25.35 27.35 2.00 0.39 117.25 0.02 0.02
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293.80 294.55 0.75 0.01 70.00 0.79 3.97
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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
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128.95 131.25 2.30 0.21 103.50 0.04 2.62
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137.33 138.45 1.12 0.07 79.00 0.10 0.52
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(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:
http://www.mincosilver.ca/i/pdf/NRApril8-08.pdf
48 KB in size, approx. 10 seconds to download at 56.6Kbps
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Copyright (c) 2008 MINCO SILVER CORPORATION (MNV) All rights reserved.
For more information visit our website at http://www.mincosilver.ca/
or send mailto:info@mincosilver.ca
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