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Re: News - Monday, February 04, 2008
Minco Silver Expands 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 22 holes, for a total of
5,904.56 metres, from exploration drilling on its Fuwan Silver Project
located in Guangdong Province, China. The program was designed to
further increase the level of confidence of the resource through
in-fill and to expand the known resource base through step out
drilling.
A significant width of mineralization was intersected in hole FW0147
where multiple intercepts ranged from 0.75 metres (m) to 40.30 m and
silver grades ranged from 199.00 grams per tonne (g/t) to 926.33 g/t.
The 40.30 m intersection is the widest mineralized intersection to date
for the entire Fuwan Deposit and could be a potential feeder zone or
source for the Fuwan mineralization. Typically, feeder zones from
other world class deposits are generally the highest grade and the
widest zone of the overall deposit. Mineralization of the Fuwan
deposit was previously thought to end at line 43W and this step out
hole, located at line 47W, has extended mineralization to southwest,
opened up a new area for continued exploration, and further
demonstrates the potential for expansion of the Fuwan deposit. This
intersection will be followed up with further drilling to define its
extent.
The combined in-fill and step out drilling program occurred between
section lines 24E and 75W and the assay results are highlighted by the
following intersections:
- FW0119: 354.13 g/t silver over 3.68 m
- FW0131: 2,867.50 g/t silver over 1.08 m
- FW0136: 203.27 g/t silver over 4.96 m
- FW0139: 851.08 g/t silver over 1.50 m
- FW0140: 286.81 g/t silver over 3.40 m
- FW0144: 482.83 g/t silver over 6.00 m
- FW0147: 241.40 g/t silver over 40.30 m, 926.33 g/t silver over
4.90 m and 893.19 g/t silver over 3.90 m
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From To Intercept Average Grade
Hole No. (m) (m) (m) Au(g/t) Ag(g/t) Pb(%)
Zn(%)
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FW0119 101.28 103.23 1.95 0.20 472.95 0.84 3.30
-----------------------------------------------------------------------
107.69 109.33 1.64 0.04 80.00 0.03 0.05
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116.72 120.40 3.68 0.21 354.13 0.71 1.41
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FW0127 NSR
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FW0128(i) 128.10 129.77 1.67 0.14 81.01 0.40 1.43
-----------------------------------------------------------------------
153.13 154.35 1.22 0.08 192.00 0.36 0.91
-----------------------------------------------------------------------
FW0129 NSR
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FW0130 233.93 234.33 0.40 0.07 93.00 0.26 1.02
-----------------------------------------------------------------------
236.50 238.10 1.60 0.04 173.44 0.55 0.54
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265.83 267.97 2.14 0.09 251.00 0.47 3.17
-----------------------------------------------------------------------
283.06 284.00 0.94 0.07 346.00
-----------------------------------------------------------------------
FW0131 162.35 163.49 1.14 5.24 196.00 0.09 0.05
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168.61 171.44 2.83 0.28 130.31 0.13 0.20
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209.27 210.35 1.08 0.26 2,867.50 1.24 11.31
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FW0132 NSR
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FW0133 76.06 84.74 8.68 0.13 125.83 0.14 0.64
-----------------------------------------------------------------------
114.35 115.45 1.10 0.14 409.50 1.12 3.26
-----------------------------------------------------------------------
134.56 135.40 0.84 0.08 90.00 0.07 0.03
-----------------------------------------------------------------------
152.00 155.40 3.40 0.05 95.28 0.73 0.19
-----------------------------------------------------------------------
188.83 189.15 0.32 0.05 163.00 0.34 0.64
-----------------------------------------------------------------------
211.00 211.70 0.70 0.09 238.00 0.89 1.32
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213.70 214.70 1.00 0.10 53.00 0.08 0.06
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FW0134 185.65 186.30 0.65 0.09 1,196.00 1.69 2.19
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FW0136 170.80 175.76 4.96 0.11 203.27 0.08 0.72
209.70 211.70 2.00 0.11 74.00
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FW0137 164.07 167.03 2.96 0.16 253.41 0.14 0.85
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214.05 214.76 0.71 0.07 502.50 0.74 0.66
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261.47 262.57 1.10 0.22 125.00 0.16 0.57
-----------------------------------------------------------------------
296.15 296.46 0.31 0.10 119.50 0.07 0.28
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FW0138 129.65 130.65 1.00 0.14 208.50 0.57 1.85
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FW0139 135.10 136.10 1.00 0.45 56.00 0.01 0.04
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199.40 200.90 1.50 0.10 851.08 0.39 0.85
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FW0140 119.05 122.45 3.40 0.17 286.81 0.16 0.32
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204.77 206.10 1.33 0.04 178.50 0.21 0.59
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208.45 210.18 1.73 0.12 116.36 0.61 1.83
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FW0141 NSR
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FW0142 193.71 194.71 1.00 0.07 91.50 0.06 0.18
-----------------------------------------------------------------------
FW0143 184.85 185.22 0.37 0.10 169.50 0.14 0.13
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254.87 255.72 0.85 0.03 193.50 0.15 0.38
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FW0144 128.45 134.45 6.00 0.19 482.83 0.55 1.25
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142.45 143.45 1.00 0.06 75.00 0.19 0.32
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175.11 175.45 0.34 0.11 50.00 0.41 6.46
-----------------------------------------------------------------------
220.54 221.54 1.00 0.02 65.00 0.23 0.28
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223.30 224.30 1.00 0.11 59.00 0.09 2.70
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229.45 229.85 0.40 0.07 218.50 0.25 2.44
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236.85 238.45 1.60 0.02 61.50 0.66 0.46
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265.25 265.95 0.70 0.15 54.00 0.34 3.64
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FW0145 117.00 118.00 1.00 0.05 351.00 0.68 1.27
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FW0147 43.00 83.30 40.30 0.14 241.40 0.09 0.29
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96.70 101.60 4.90 0.11 926.33 2.35 9.31
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104.60 108.50 3.90 0.07 893.19 1.72 9.79
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145.55 146.30 0.75 0.01 199.00 0.14 0.45
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150.14 152.00 1.86 0.00 284.13 0.38 0.33
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163.20 164.20 1.00 0.00 293.50 0.09 0.32
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FW0148 NSR
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CK 2002(i) 184.42 188.3 3.88 0.18 152.37 0.03 0.07
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205.4 213.3 7.9 0.16 264.55 0.13 0.25
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(i) The indicated holes are part of the hydrology study completed by
SRK Consulting and released on December 4, 2007.
True widths for the mineralized zones are typically from 60% 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 eight drills are currently on the property
completing step out and in-fill drilling. The deposit remains open
along strike to the southwest and down dip to the south.
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.
Minco Silver would also like to announce the appointment of Mrs. Sharon
L. Howatt as the Company's Corporate Secretary. Mrs. Howatt has over
21 years experience relating to management of public and private
companies in Canada and the U.S. She has extensive experience in
managing compliance and communications for public listed companies
listed on the TSX, TSX Venture Exchange and the US Exchanges as well as
maintaining corporate records, and the preparation of securities,
corporate and commercial documents. She has also worked as a
corporate/securities legal assistant for a variety of law firms
throughout her career.
Additionally, the updated NI 43-101 resource estimate technical report
from the updated resource estimate announced on December 11, 2007, has
been filed on SEDAR.
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 (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/2008-02-04_NR.pdf
47 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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