Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent en

Minco Silver Corp

Publié le 11 décembre 2007

Announces a 145% Increase in the Indicated Resource on the Fuwan Silver Project

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
Re: News - Tuesday, December 11, 2007
Minco Silver Announces a 145% Increase in the Indicated Resource
on the Fuwan Silver Project

Minco Silver Corporation (the "Company" or "Minco Silver")(TSX: MSV) is
pleased to report the results of 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% 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%) 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 permit holdings.

.. Estimate silver resources on Minco Silver's 51% interest in the
adjoining Changkeng licence area.

.. Upgrade inferred resources to the indicated classification.

Diamond drill data from a total of 350 holes was used for the resource
calculation of which 78 are new holes completed since the last resource
estimation. These programs were conducted on a 60m x 60m diagonal
spacing within the existing 80m x 80m rectangular drill grid spacing.
These recent drilling programs were designed primarily for the
upgrading of inferred resources to the indicated classification. The
Fuwan deposit remains open along strike to the southwest and up and
down its relatively flat dip to the northwest and southeast.

The resource estimate prepared on the Fuwan Deposit includes Au, Pb and
Zn credits and is reported as an Indicated Resource of 11,945,000
tonnes at 186g/t Ag, 0.21g/t Au, 0.10% Pb and 0.28% Zn and an Inferred
Resource of 11,633,000 tonnes at 191g/t Ag, 0.25g/t Au, 0.17% Pb and
0.48% Zn. Details of the resources residing on the Changkeng and Fuwan
properties are shown in table 1.

Table 1. Resource Estimate(1) @ 50g/t Ag Cut-Off Grade.
Resource Area & Ag Ag Au Pb Zn
Classification Tonnes (g/t) (oz) (g/t) (%) (%)
Fuwan Permits
Indicated 9,930,000 196 62,721,000 0.17 0.10 0.26
Changkeng Permit
Indicated(ii) 2,015,000 137 8,856,000 0.42 0.10 0.37
Total Indicated 11,945,000 186 71,577,000 0.21 0.10 0.28
Fuwan Permits
Inferred 10,571,000 191 64,972,000 0.21 0.18 0.49
Changkeng Permit
Inferred(iii) 1,062,000 187 6,391,000 0.60 0.14 0.39
Total Inferred(2) 11,633,000 191 71,363,000 0.25 0.17 0.48

(ii) The indicated resources reported on the Changkeng permit represent
51% of the actual indicated resources which reflects the proportion of
ownership by Minco Silver Corporation. Total Changkeng indicated silver
resources are 3,951,000 tonnes and 17,365,000 ounces of silver.

(iii) The inferred resources reported on the Changkeng permit represent
51% of the actual inferred resources which reflects the proportion of
ownership by Minco Silver Corporation. Total Changkeng inferred silver
resources are 2,082,000 tonnes and 12,531,000 ounces of silver.

(1) Mineral resources which are not mineral reserves do not have
demonstrated economic viability. The estimate of mineral resources
may be materially affected by environmental, permitting, legal,
title, taxation, sociopolitical, marketing, or other relevant issues.

(2) The quantity and grade of reported inferred resources in this
estimation are conceptual in nature and there has been insufficient
exploration to define these inferred resources as an indicated or
measured mineral resource and it is uncertain if further exploration
will result in upgrading them to an indicated or measured mineral
resource category.

For the purposes of the resource update report, the resource was
defined using October 2007 24 month trailing average metal prices of
US$11.96/oz Ag, US$625/oz Au, US$0.81/lb Pb and US$1.46/lb Zn. Costs of
$12.00/tonne for mining, $11.50/tonne for processing/tailings
management and $5.50/tonne for G&A for a total of $29.00/tonne and a
process recovery of 97% for Ag, along with Au, Pb & Zn credits of
approximately $10.00/tonne were utilized to derive a cut-off grade of
50 g/t Ag.

The mineral resources in this press release were estimated using the
Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM
Standards on Mineral Resources and Reserves, Definitions and Guidelines
prepared by the CIM Standing Committee on Reserve Definitions and
adopted by CIM Council December 11, 2005.

The resource update was prepared by Qualified Persons, Eugene Puritch,
P.Eng., Antoine Yassa, P.Geo. and Tracy Armstrong, P.Geo. of P & E
Mining Consultants Inc. of Brampton, Ontario. The authors of the
current resource estimate reviewed original assay certificates from
core samples and check samples and collected their own site visit
verification samples. It is the authors' opinion that the data have
been adequately verified for the purposes of an NI 43-101 resource
estimate and all historic and current data were found to be reliable,
with an acceptable level of reproducibility. An updated NI 43-101
resource estimate technical report will be issued within 45 days of
this press release.

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.


Minco Silver will host a conference call on Thursday, December 13, at
11:00 AM Eastern (8 AM Pacific Time). To participate, please dial
416-849-9626 for local and international callers, or 1-866-585-6398
toll-free within North America.

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 and our properties, please visit the
website at www.mincosilver.ca or contact Ute Koessler at
1-888-288-8288 or (604) 688-8002 info@mincosilver.ca.

"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:
39 KB in size, approx. 8 seconds to download at 56.6Kbps

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 Tue Dec 11, 2007 at 9:39:46 AM Pacific Time

Minco Silver Corp

ISIN : CA60254C1005
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
de Marché
Projets & res.
de Presse
Profile actifs
Contactez la cie

Minco Silver est une société développant des projet miniers d'argent basée au Canada.

Minco Silver est en développement de projets d'argent, d'or, de plomb et de zinc en Chine, et détient divers projets d'exploration en Chine.

Son principal projet en développement est FUWAN SILVER en Chine.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
Dans les médias de Minco Silver Corp
04/11/2006Last Train for China
Rapports annuels de Minco Silver Corp
Annual report 2007
Financements de Minco Silver Corp
03/03/2011Completes $45.22 Million Bought Deal Financing
14/04/2010Closes $3,372,975 in a Non-Brokered Private Placement
Nominations de Minco Silver Corp
26/05/2010Appoints VP of Operations and President of Foshan Minco Fuwa...
16/09/2009Appoints Chief Financial Officer and Vice President Finance
15/10/2007Minco Silver Appoints Garnet Clark Chief Financial Officer
20/02/2007Appoints Vice President, Operations
Projets de Minco Silver Corp
26/08/2011(Fuwan Silver)Receives Extension for the Fuwan Exploration Permit
25/01/2010(Fuwan Silver)Receives Land Use Permit on its Fuwan Silver Project
28/09/2009(Fuwan Silver)Positive Feasibility Study Results for Fuwan Silver Project
21/09/2009(Fuwan Silver)Update on The Project
22/05/2008(Fuwan Silver)Starts Regional Exploration Program Along the Fuwan Silver B...
23/04/2008(Fuwan Silver)Initiates Bankable Feasibility at Fuwan
08/04/2008(Fuwan Silver) Continues To Expand Mineralization At Fuwan
04/02/2008(Fuwan Silver)Expands Mineralization at Fuwan
11/12/2007(Fuwan Silver) Announces a 145% Increase in the Indicated Resource on the ...
18/10/2007(Fuwan Silver) has Started Phase VI Drilling at Fuwan
Communiqués de Presse de Minco Silver Corp
30/06/2016Minco Silver Announces Annual General Meeting Results
20/08/2015Minco Silver Provides Corporate Update
19/08/2015Minco Silver Provides Corporate Update
31/07/2015Minco Silver Announces Closing Of Purchase of the Changkeng ...
30/06/2015Minco Silver Announces Annual General and Special Meeting Re...
29/06/2015Minco Silver Announces Annual General and Special Meeting Re...
03/07/2014Minco Silver Announces Annual General Meeting Results
02/06/2014Minco Silver Provides Corporate Update
03/07/2013Announces Annual General Meeting Results
08/01/2013Provides Corporate Update
04/07/2012and Sterling Settle Break Fee
20/04/2012Receives Water Monitoring Report and Updates EIA Report for ...
31/01/2012Completes Field Work for the Water Monitoring Program
01/09/2011to Conduct Additional Water Monitoring Study for Finalizatio...
13/07/2011Provides Corporate Updates
02/02/2011Joins OTCQX
08/06/2010Received the Repayment of all Investments Made to Sterling
23/04/2010Expects to Receive the Repayment of All Investments Made to ...
09/12/2009Makes a Firm Offer to Acquire Sterling Mining Company
28/10/2009Announces Change of Auditor
06/03/2009Welcomes Wayne Spilsbury To The Board Of Directors
03/03/2009Provides an Update on Sunshine Mining Lease
26/01/2009Progress in 2008 and Plan for 2009
05/09/2008Commenced Drilling on Fuwan Silver Belt
02/09/2008Terminates Proposal for Sterling
12/03/2008Minco Silver Receives Letter Writer Coverage
24/01/2008Wins Project Development Award
21/01/2008Summary of 2007 Activities and Plans for 2008
21/11/2007Changes to Guideline Catalogue on Foreign Investments have N...
04/10/2007 Assay Results from Phase V Drilling Program on the Fuwan Si...
26/09/2007Cormark Securities Initiates Analyst Coverage on Minco Silve...
18/09/2007 Imparts excellent investment value with its world class Faw...
17/09/2007Reports Over 97% Silver Recoveries from Initial Metallurgica...
16/08/2007Continues to Expand Fuwan Deposit with the Completion of Pha...
16/07/2007Continues to Advance Hydro-Geological Studies at Fuwan
29/06/2007Initiates Phase V Drilling on Its Fuwan Silver Project
05/06/2007Starts Metallurgical Testing on its Fuwan Silver Deposit
28/05/2007Expands Fuwan Deposit from Phase IV Drilling
08/05/2007Intitiates Phase IV Exploration at Fuwan
17/04/200715% Increase in the Resource Estimate on its Fuwan Silver Pr...
03/04/2007the Remaining Assay Results from Phase III Drilling on the F...
22/03/2007Releases Excellent Assay Results from Phase III Drilling Pro...
Publication de commentaires terminée
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
CA$ 0,170
28/09 12:16 0,010
Cours préc. Ouverture
0,160 0,170
Bas haut
0,170 0,170
Année b/h Var. YTD
0,160 -  0,360 -50,72%
52 sem. b/h var. 52 sem.
0,160 -  0,470 -54,67%
Volume var. 1 mois
800 -2,86%
24hGold TrendPower© : -21
Développe Gold - Lead - Silver - Zinc
Interactive chart Add to compare
Imprimer Comparer Exporter
Dernière mise à jour le : 22/10/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
Variation annuelle
Graphique 5 ans
Graphique 3 mois
Graphique volume 3 mois
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
announces expected non-cash impairment
6,95 AU$+1,02%Trend Power :
Oceana Gold(Au)OGC.AX
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
3,06 US$+5,88%Trend Power :
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
Reduced Funding Requirement
0,57 GBX-2,05%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,10 CA$-9,09%Trend Power :
Closes Bridge Loan Financing
2,30 CA$+7,98%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
6,66 CA$+2,54%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,26 CA$+0,00%Trend Power :
Q A April 2017 Quarterly Report
0,29 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,11 CA$+7,11%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
58,51 US$+4,17%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
2nd Quarter Report
0,04 AU$+0,00%Trend Power :