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Re: News - Tuesday, March 03, 2009
Minco Silver Provides an Update on Sunshine Mining Lease
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Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV)
wishes to clarify that the status of the Sunshine Mine under Lease (the
"Sunshine Mining Lease") is still a matter to be decided by the Courts
as set out in a law suit filed in the Shoshone County District Court
between Sterling Mining Company ("Sterling") and Sunshine Precious
Metals, Inc ("SPMI") (the "Sunshine Action").
To protect Minco Silver's secured interest and property rights in the
Sunshine Mining Lease, the Company has filed a motion to join the
Sunshine Action and entered on February 25, 2009 a Stipulated Interim
Order regarding the Temporary Restraining Order granted on February 18,
2009 to continue until further determination of the Court and Sterling
shall take no action or enter into any agreements that would impair any
rights that Minco Silver may have with respect to the Sunshine Mining
Lease in addition to restraining Sterling and its officers, directors,
agents, and employees from removing, selling, destroying, disposing, or
concealing all personal and real property Minco Silver has a secured
and property interest.
About Minco Silver
Minco Silver Corporation (TSX: MSV) is a TSX listed company focusing on
the acquisition and development of silver dominant projects. The
Company owns 90% interest in the world class Fuwan Silver Deposit,
situated along the northeast margin of the highly prospective Fuwan
Silver Belt. 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 ir@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.
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Copyright (c) 2009 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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Minco Silver Corp
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EN DÉVELOPPEMENT |
CODE : MSV.TO |
ISIN : CA60254C1005 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez 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. |