Minco Silver Continues to Generate Excellent Step Out Drilling Results
03 Aprile 2008 - 3:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: MSV) is pleased to report the
assay results of 19 holes, for a total of 5,273.57 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. One
hole was completed as part of condemnation drilling for the
proposed mine and mill site infrastructure area.
The step out drilling was successful in extending the
mineralization in the following areas:
1) The down dip direction of the north-east mineralized zone has
been extended down dip by +80 metres sporadically along a strike
length of approximately 400 metres by 4 positive drill holes
between sections 20E to 0E. The results ranged from 87.50 to
1,264.00 grams per tonne (g/t) silver (Ag) over widths from 0.75 to
26.69 metres. Three of the four drill holes have intersections of
over 10 metres in width. All of the holes intersected multiple
zones of mineralization.
2) The south-west mineralized zone was extended along strike in
a south-westerly direction and up and down dip between sections 31W
to 51W for approximately 400 metres by 8 drill holes. The results
ranged in grades from 87.00 to 2,142.00 g/t Ag over widths of 0.50
to 8.90 metres. Approximately half of the holes intersected
multiple zones of mineralization.
3) Along strike for 160 metres to the south-west between
sections 67W and 75W and up and down dip for approximately 300
metres based on 3 drill holes. The results ranged from 87.50 to
275.50 g/t Ag over widths from 0.85 to 1.15 metres. Most of the
holes have more than one mineralized zone.
The drilling program occurred between section lines 20E and 75W
and the assay results are highlighted by the following
intersections:
- FW0100-1: 91.86 g/t silver over 3.70 m
- FW0135: 87.50 g/t silver over 26.69 m
- FW0152: 1,264.00 g/t silver over 0.75 m and 108.45 g/t silver
over 11.12 m
- FW0154: 724.56 g/t silver over 2.40 m
- FW0156: 2,142.00 g/t silver over 1.00 m and 175.20 g/t silver
over 8.90 m
- FW0159: 251.13 g/t silver over 1.67 m
- FW0160: 105.84 g/t silver over 10.45 m
- FW0165: 427.00 g/t silver over 1.00 m
--------------------------------------------------------------------------
Average Grade
--------------------------------
From To Intercept Au Ag Pb Zn
Hole No. (m) (m) (m) (g/t) (g/t) (%) (%)
--------------------------------------------------------------------------
FW0100-1 (i) 176.22 177.22 1.00 0.63 55.00 0.02 0.01
-------------------------------------------------------------
188.70 203.30 14.60 0.07 26.25 0.03 0.03
-------------------------------------------------------------
270.40 271.40 1.00 0.03 63.00 0.04 0.07
-------------------------------------------------------------
280.40 284.10 3.70 0.18 91.86 0.05 0.35
--------------------------------------------------------------------------
FW0135 (i) 85.18 111.87 26.69 0.09 87.50 0.13 0.47
--------------------------------------------------------------------------
FW0146 284.05 284.55 0.50 0.11 117.50 0.76 3.10
-------------------------------------------------------------
292.85 293.85 1.00 0.05 227.50 0.40 0.54
-------------------------------------------------------------
300.75 301.75 1.00 0.01 118.00 0.04 0.01
--------------------------------------------------------------------------
FW0149 173.05 174.05 1.00 0.15 232.50 0.77 2.05
-------------------------------------------------------------
232.03 232.45 0.42 0.02 318.00 0.93 1.54
--------------------------------------------------------------------------
FW0150 NSR
--------------------------------------------------------------------------
FW0151 223.30 224.10 0.80 0.08 101.50 0.24 0.24
--------------------------------------------------------------------------
FW0152 189.70 190.45 0.75 0.32 1,264.00 2.63 5.64
-------------------------------------------------------------
197.33 208.45 11.12 0.15 108.45 0.40 0.66
--------------------------------------------------------------------------
FW0153 186.80 187.80 1.00 0.11 150.00 0.05 0.33
-------------------------------------------------------------
190.80 191.80 1.00 0.08 127.50 0.12 0.33
-------------------------------------------------------------
195.20 196.20 1.00 0.06 105.00 0.06 0.09
-------------------------------------------------------------
255.70 256.70 1.00 0.01 89.00 0.06 0.18
-------------------------------------------------------------
263.81 264.96 1.15 0.02 101.00 0.15 0.32
--------------------------------------------------------------------------
FW0154 182.15 184.55 2.40 0.37 724.56 2.20 4.36
--------------------------------------------------------------------------
FW0155 296.40 297.43 1.03 3.29 275.50 3.00 4.72
--------------------------------------------------------------------------
FW0156 169.65 170.65 1.00 1.30 2,142.00 0.58 1.33
-------------------------------------------------------------
174.65 183.55 8.90 0.09 175.20 0.03 0.18
--------------------------------------------------------------------------
FW0157 (ii) NSR
--------------------------------------------------------------------------
FW0159 183.95 185.62 1.67 0.03 251.13 0.09 0.12
--------------------------------------------------------------------------
FW0160 85.85 96.30 10.45 0.20 105.84 0.08 0.24
-------------------------------------------------------------
98.30 99.15 0.85 0.21 94.50 0.16 0.62
-------------------------------------------------------------
101.85 102.85 1.00 0.12 57.00 0.08 0.63
-------------------------------------------------------------
127.02 127.52 0.50 0.21 379.50 1.49 0.15
-------------------------------------------------------------
156.03 156.30 0.27 0.28 458.00 0.44 1.02
--------------------------------------------------------------------------
FW0161 160.70 161.60 0.90 0.08 133.50 0.11 0.49
--------------------------------------------------------------------------
FW0162 NSR
--------------------------------------------------------------------------
FW0163 35.35 36.00 0.65 0.05 330.50 0.15 0.05
-------------------------------------------------------------
47.60 48.40 0.80 0.16 366.50 0.09 5.18
-------------------------------------------------------------
106.00 106.60 0.60 0.11 79.00 0.06 0.19
--------------------------------------------------------------------------
FW0164 92.35 93.20 0.85 0.06 168.00 0.14 0.40
-------------------------------------------------------------
114.05 114.95 0.90 0.03 87.00 0.24 1.23
--------------------------------------------------------------------------
FW0165 195.03 196.03 1.00 0.15 427.00 0.37 0.97
--------------------------------------------------------------------------
(i) The indicated holes are part of the hydrology study completed by SRK
Consulting and released on December 4, 2007.
(ii) Indicates holes drilled for condemnation drilling for proposed
Mine-Mill site facilities.
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.
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)(FRANKFURT:
MI5) and Silver Standard Resources (TSX: SSO).
ON BEHALF OF THE BOARD
Dr. Ken Z. Cai, Chairman & CEO
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.
The Toronto Stock Exchange does not accept responsibility for
the accuracy of this news release.
Contacts: Minco Silver Corporation Ute Koessler 1-888-288-8288
or (604) 688-8002 Email: ir@mincomining.ca Website:
www.mincosilver.ca
Grafico Azioni Minco Silver (TSX:MSV)
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