Minco Silver Provides an Update on Sunshine Mining Lease
03 Marzo 2009 - 3:26PM
Marketwired
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.
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@mincosilver.ca Website:
www.mincosilver.ca
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