Minco Silver Receives Land Use Permit on Its Fuwan Silver Project
25 Gennaio 2010 - 3:30PM
Marketwired
Minco Silver Corporation (the "Company" or "Minco Silver") (TSX:
MSV) is pleased to announce that it has received the Land Use
Permit for its Fuwan Silver project located in Guangdong province,
China.
The Land Use Permit is a critical step to secure the mining
license. It consists of surveying, rezoning and obtaining the quota
for proposed surface areas required for the mine surface
infrastructure. The Land Use Permit on the Fuwan Silver Project has
been approved by Gaoming County, Foshan District, and Guangdong
provincial governments.
The approved Land Use Permit, covering 28.9871 hectares (ha),
includes all the areas proposed in the International Feasibility
Study (please see the Company's news release on Sept. 28, 2009) for
the industrial site, waste rock dump, tailing reservoir, and
explosive storage warehouse.
Dr. Ken Cai, Minco Silver's Chairman & CEO, commented:
"Receiving the Land Use Permit is a very important milestone for
the Company. I am very pleased that the Land Use Permit has been
approved by all three levels of governments in a very short period
of time. With this permit, the Company now can acquire all the
surface rights (land) for mine construction as outlined in the
international feasibility study."
The Company also announces that Mr. Christopher Zahovskis has
resigned as Chief Operating Officer of the Company for personal
reasons. The Company wishes to thank Mr. Zahovskis for his time and
efforts and wishes him the best in his future endeavors.
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, located in Guangdong, China. The Company recently
completed a very positive Bankable Feasibility Study on its Fuwan
Silver Deposit and is working towards bringing the deposit into
production.
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 Minco Silver Corporation Troy
Winsor 1-800-663-8072 www.mincosilver.com
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