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Re: News - Monday, January 25, 2010
Minco Silver Receives Land Use Permit on its Fuwan Silver Project
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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. For more
information on Minco Silver, please visit the website at
www.mincosilver.com or contact Ute Koessler at 1-888-288-8288 or (604)
688-8002 ir@mincosilver.ca or Troy Winsor at 1-800-663-8072.
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.
View News Release in PDF Format:
http://www.mincosilver.ca/i/pdf/2010-01-25_NR.pdf
28 KB in size, approx. 6 seconds to download at 56.6Kbps
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Copyright (c) 2010 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. |