Minco Silver Corporation: Update on the Fuwan Silver Project
21 Settembre 2009 - 6:18PM
Marketwired
Minco Silver Corporation (the "Company" or "Minco Silver") (TSX:
MSV) is pleased to provide an update on the status of the
feasibility study on its Fuwan Silver Project. Since the first
quarter of 2009, all of the key parameters of the project have been
finalized. Wardrop Engineering Inc. ("Wardrop") and China Nerin
Engineering Co. Ltd. ("NERIN") have been progressing on their
respective aspects of the study. As well, Environmental Resource
Management ("ERM") has been advancing the EIA which forms a part of
the feasibility study.
On September 9 and 10, the Company held a conference in Nanchang
whereby the highlights of the feasibility study were presented to a
Chinese panel of experts. This panel approved the study which
allows the company to proceed with the completion of the report. As
well, with this approval, the Mine Development Plan can now be
prepared, which is a key step to secure the Mining License.
All other permitting aspects are progressing well and most
recently, the Water and Soil Conservation Plan has been approved by
Guangdong provincial government.
The Company plans to secure debt financing from Chinese banks
for the mine construction of the Fuwan Silver project. Discussions
have been initiated with positive responses.
As of September 2009, the feasibility study is near completion
and the Company anticipates releasing the Feasibility Study results
in the very near future.
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 ir@mincosilver.ca www.mincosilver.ca
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