Minco Silver Receives Water Monitoring Report and Updates EIA Report for Submission
April 20 2012 - 1:03PM
Marketwired
Minco Silver Corporation (the "Company" or "Minco Silver")
(TSX:MSV)(OTCQX:MISVF)(WKN:A0ESX5) is pleased to announce receipt
of the water monitoring study report prepared by General Station
for Geo-Environmental Monitoring of Guangdong Province,
("GSGEM").
The report, authored by GSGEM concluded the Company is in
compliance with the requirements of the new National Water
Guidelines set out by the Ministry of Environmental Protection of
China. Minco Silver is now updating the Environmental Impact
Assessment ("EIA") report which will be submitted for approval upon
completion. Upon approval of the EIA, the Company will utilize data
from the EIA report to finalize the preliminary mine design.
In addition, the Company announces that the Mining Area Permit
has been extended for two years by the Ministry of Land and
Resources of China.
The Company also announces that Mr. Paul Zhang, Vice President
Finance and Chief Financial Officer, resigned effective April 19,
2012. We thank Mr. Zhang for his time and efforts during his tenure
and wish him the best in his future endeavors.
The Company's Controller, Ms. Ellen Wei, has been appointed as
Interim Chief Financial Officer. Ms. Wei has been with the Company
since February 2005 and was appointed Corporate Controller in
January 2009. Ms. Wei is a member of the Institute of Chartered
Accountants of British Columbia and a Certified Public Accountant
in the United States. She also has a CPA designation in China. Ms.
Wei has more than 10 years experiences with a major Chinese
auditing firm and 3 years with Ernst & Young LLP respectively.
Before appointed as Corporate Controller, she served as the CFO for
4 years for Minco Mining (China) Ltd.
About Minco Silver
Minco Silver Corporation is a TSX and OTCQX listed company
focusing on the acquisition and development of silver dominant
projects. The Company owns a 90% interest in the world class Fuwan
Silver Deposit, situated along the northeast margin of the highly
prospective Fuwan Silver Belt in Guangdong China.
Contacts: Minco Silver Corporation Ute Koessler 1-888-288-8288
or (604) 688-8002pr@mincosilver.ca www.mincosilver.ca
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