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Re: News - Thursday, October 18, 2007
Minco Silver has Started Phase VI Drilling at Fuwan
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Minco Silver Corporation (the "Company" or "Minco Silver")(TSX: MSV) is
pleased to announce that the Phase VI drilling program has begun on the
Fuwan Silver deposit located in Guangdong Province, China. Based on
positive results to date, there is a good indication that
mineralization can be extended along strike and down-dip. The Phase VI
program primarily consists of step-out drilling designed to expand the
resource. The program comprises 49 holes for approximately 13,000
metres of drilling. Please visit the company's website at
www.mincosilver.ca to view a map of the Phase VI drilling area.
The program will further test the silver mineralization within the
Fuwan property and attempt to extend the known mineralization to the
Southwest and Southeast respectively. Step-out drilling is also
planned to potentially further extend the known mineralization down-dip
and along strike of the Fuwan trend. Drill spacing for the Phase VI
program will vary from 40 x 80 metres to 160 x 160 metres.
Condemnation drilling is also planned for the proposed mill site from
the Conceptual Site Layout prepared by SRK Consulting. This area will
be tested for mineralization and major structures, and provide data for
future mill design considerations.
Minco Silver is currently operating 8 drill rigs on the property for
the Phase VI program and for the Hydrological testing program which is
proceeding well. To date, a total of 7 holes for detailed pumping tests
have been completed and 3 are in progress with an additional 2 holes
planned to conclude the program.
Assay results for the remaining Phase V drill holes are still pending
and the Company intends to start an updated resource estimation soon
after they are received. The new resource estimate will incorporate
all historical drilling as well as Phases I through V, and will be used
as a basis for the Chinese Mining License application.
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 and its 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.
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/2007-10-18_NR.pdf
26 KB in size, approx. 6 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 18, 2007 at 12:44:48 PM Pacific Time
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