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Re: News - Monday, September 21, 2009
Update on the Fuwan Silver Project
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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. For more information on Minco Silver, please visit the
website at www.mincosilver.ca or contact Ute Koessler at 1-888-288-8288
or (604) 688-8002 ir@mincosilver.ca.
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.
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Copyright (c) 2009 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. |