Gold in China: Minco Mining & Metals Corporation (MMM)

Nachdem tagelang gar kein Handel stattfand, kommt heute mal wieder Bewegung in die Bude:

Last Trade: 30 Sep 2004 10:22 EDT
Last Traded 1.430 Net Change +0.030
Last Bid Size 20 Volume 18,700
Last Bid Price 1.350 Open 1.400
Last Ask Price 1.430 High 1.430
Last Ask Size 75 Low 1.400

Time Price Shares $ Chng Buyer Seller
10:22 1.430 2,000 +0.030 BMO Nesbitt BMO Nesbitt
10:22 1.420 3,000 +0.020 BMO Nesbitt First Assoc.
10:05 1.420 2,000 +0.020 TD Securities First Assoc.
09:41 1.400 1,700 +0.000 Pictet W.D. Latimer
09:41 1.400 5,000 +0.000 Pictet TD Securities
09:41 1.400 3,300 +0.000 Pictet First Assoc.
09:30 1.400 1,700 +0.000 Canaccord First Assoc.

Wie ewartet gibt`s weitere News zu `Minco Silver`:

MINCO AND SILVER STANDARD ANNOUNCE STRATEGIC ALLIANCE ON SILVER IN CHINA
October 05, 2004

Minco Mining & Metals Corporation (Minco) and Silver Standard Resources Inc. (Silver Standard) are pleased to announce that they have entered into a strategic alliance to jointly pursue silver opportunities in China. As recently announced, Minco has created a wholly owned subsidiary, Minco Silver Corporation (Minco Silver) to acquire silver projects in China.

Under terms of the strategic alliance, Silver Standard will invest C$2,000,000 in Minco Silver to acquire a 20% interest in the new venture . Silver Standard will have preferential purchase rights to participate in future financing of Minco Silver in order to increase its interest up to 30% in Minco Silver. As part of the strategic alliance, Minco Silver will be the exclusive entity for both Minco and Silver Standard to pursue silver projects in China.

The board of directors of Minco Silver will comprise five members: two directors nominated by Minco, one by Silver Standard and two independent directors. Mr. William Meyer and Dr. Ken Cai will be the initial Minco appointees, and Mr. Robert Quartermain will represent Silver Standard.

Minco has evaluated many silver projects in China over the past two years and has assembled a large silver database. Currently Minco Silver has the right to earn 70% of the equity interest in the Fuwan Silver project, Guangdong, China. Fuwan Silver has an inferred resource of approximately 160 million ounces of silver in situ, grading 250-270 grams per tonne silver (approx. 7.9 ounces of silver per ton). The shallow dipping deposit is still open to the south west, south and south east.

Silver Standard Resources Inc. is a well-financed silver resource company with core projects in North and South America and Australia. The company currently has scoping, prefeasibility and feasibility studies underway on these core projects. Silver Standard currently has US$36.9 million in cash, 1.95 million ounces of silver bullion currently valued at US$13.3 million and marketable securities currently valued at US$4.3 million. The company continues to seek resource base growth through acquisitions and exploration of its own projects.

Minco is a TSX-listed company focusing on exploration and development of advanced stage gold, silver and base metals projects in China. Minco has continuously been active in China over the past 10 years under the leadership, of Dr. Ken Cai, a Chinese Canadian with a Ph.D. in Mineral Economics from Queens University in Canada. Minco is a leading foreign company in China with extensive contacts, large geological database, and strong operating expertise. Currently, Minco has a large portfolio of high quality gold, silver, and base metals projects. Teck Cominco is one of Minco’s largest shareholders.

Mr. Robert Quartermain, president of Silver Standard adds: “The investment in Minco Silver by Silver Standard provides Silver Standard with exposure in an area where it is not already working, and brings the expertise of Dr. Cai and his resources to the benefit of Minco Silver and Silver Standard shareholders.

“The Chinese economy has grown at an astonishing pace over the past 10 years, with annual silver consumption increasing from 24 million oz to 47 million oz. China appears to have an insatiable demand for all metals and we strongly believe that there will be continued growth in silver consumption. We are very pleased to participate in the Minco Silver strategic alliance in a country that has large silver resource potential with an increasing domestic silver demand.”

Dr. Ken Cai, president and C.E.O. of Minco, comments: “This strategic alliance between Silver Standard and Minco is a very exciting move which will benefit both shareholder groups. A well-funded Minco Silver can move forward with the Fuwan silver project and with the acquisition of other high quality Chinese silver projects. By combining the expertise of the two companies, I am very confident that we will build Minco Silver into a significant pure silver company focused in China.”

***

... und Die 1,40 Can$ sind endlich überwunden:

Last Trade: 05 Oct 2004 15:58 EDT
Last Traded 1.550 Net Change +0.100
Last Bid Size 15 Volume 150,150
Last Bid Price 1.550 Open 1.550
Last Ask Price 1.600 High 1.700
Last Ask Size 94 Low 1.500

MMM sammelt weitere 3 m$ für `Minco silver` ein. Interessant wird sein, wie MSC das Geld verwendet: Weitere Akquisitionen von Ressourcen sind nur eine Frage der Zeit!

MINCO SILVER ANNOUNCES CDN$3 MILLION FINANCING
October 06, 2004

Minco Mining & Metals Corporation (Minco) is pleased to announce that it’s subsidiary, Minco Silver Corporation (“MSC”) will undertake a non-brokered private placement of 6 million special warrants at $0.50 each for gross proceeds of Cdn$3 million. Four million special warrants have been placed with Minco’s strategic partner; Silver Standard Resources Inc. The other two million special warrants will be issued in accordance with the Public Distribution Policy of the TSX Manual. Each special warrant will entitle the holder, upon the exercise or deemed exercise thereof without payment of any additional consideration, to receive one (1) common share of MSC.

As previously announced (see news release of September 20, 2004) Minco Silver will undertake a listing on The Toronto Stock Exchange, as soon as the financing closes.

Currently, Minco holds 14 million common shares of MSC. Minco plans to dividend a significant proportion of its holdings in MSC to its shareholders at an appropriate time after the public listing. In addition, the Minco board has approved the setting aside of one million shares of MSC from Minco’s holdings as options to Minco’s directors, employees and consultants in Canada and China. Those options will be granted at the same price as the proposed private placement (Cdn$0.50 each). Upon the completion of a prospectus qualifying the special warrants, MSC will have 20 million common shares issued and outstanding.

/cbx/

Minco Corporate Update
Tuesday October 12, 2:01 pm ET

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 12, 2004) - Minco Mining & Metals Corporation ("Minco") (TSX: "MMM") is pleased to provide a progress report on its various Chinese properties.
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Changkeng Gold, Guangdong Province

Further to the framework joint venture agreement signed in May 2004 (May 17, 2004 News Release), the Company is close to finalizing the definitive joint venture contract (the "JVC") on the property. The next step will be to obtain the business licences and to transfer the exploration permit of Changkeng property to the joint venture. The exploration permit, valid to September 2004, is in the process of renewal with the application submitted by the 757 Exploration Team of the Guangdong Geological Exploration Bureau, in September 2004.

The joint venture partner, the Guangdong Geological Exploration and Development Corp. is also a subsidiary of the Guangdong Geological Exploration Bureau.

Pursuant to the JVC, a Sino-foreign joint venture company will be formed for the project, with total investment of approx. C$16.6 million to be made by the partners on a pro-rata basis over 3.5 years from the date of granting of the business licence. The joint venture company will pay approx. C$5.5 million to acquire 100% property rights from the current vendor. The rest of the funds will be used for exploration, feasibility study and mine development on the Changkeng property. Minco has rights to earn 51% equity interest in the joint venture by contributing approx. C$8.5 million, or 51% of the total investment.

The 9-hole Phase I drilling program has been completed on the property. Assay results have been released on five drill holes, while fire assay results are awaited for the balance of four drill holes.

Fuwan Silver, Guangdong Province

Further to the framework joint venture agreement signed in May 2004 (May 26, 2004 News Release), the Company has signed the definitive joint venture contract (the "JVC") on the property. Obtaining the business licences and transferring exploration permit of Fuwan property to the joint venture will follow shortly. The exploration permit is valid to September 2005 and subject to further renewal.

Pursuant to the JVC, a Sino-foreign joint venture company will be formed for the project, with total investment of approx. C$5 million to be made by the partners on pro-rata basis over 3.5 years from the date of granting of the business licence. The joint venture company will pay approx. C$1.9 million to acquire 100% property rights from the current vendor. The balance of the funds will be used for further exploration on the Fuwan property. Minco has rights to earn 70% equity interest in the joint venture by contributing approx. C$3.5 million, or 70% of the total investment.

Minco plans to start the drilling programs shortly after the exploration permits have been transferred to the joint venture.

Anba Gold project, Gansu Province

Gansu Keyin Mining Co. Ltd., (Keyin), Minco`s White Silver Mountain joint venture company, signed a joint venture agreement in principle in October 2003 on the 3 million oz Anba gold property (November 5, 2003 News Release). Keyin will earn 40% interest in the joint venture through investment of approx. C$4 million over 5 years. The exploration permit, valid until June 2006, is expected to be transferred into the joint venture company once the definitive joint venture contract has been signed and all requisite approvals have been obtained.

Minco plans to start the drilling programs shortly after the exploration permit has been transferred to the joint venture company.

Three Gold Properties on the Yangshan Extension, Gansu Province

Minco signed the definitive joint venture contract in March 2004 (March 29, 2004, News Release). The Company is in the process of obtaining the required government approval, including business licence and transfer of the exploration permits on the three gold properties. Minco has the right to earn 75% equity interest in three properties close to the Anba project, by funding the properties to the feasibility stage. Total initial investment in the joint venture is approx. C$1.7 million, with 75% to be contributed by Minco (approx. C$1.25 million).

The Phase 1 exploration program on the three constituent properties has been completed, including surveying, geological mapping, trenching and sampling. The results are pending. Phase II program will be started shortly.

BYC joint venture, Inner Mongolia

Minco has obtained required approvals to establish the joint venture and has received the business licence. The Company is at the final stage of transferring the exploration permits to the joint venture company. Minco has right to earn 75% interest in the joint venture by contributing approx. C$2.4 million over 4 years. Through a farm-in agreement between Minco and New Cantech Ventures Inc. signed in November 2003, the latter can earn 51% interest in the BYC project by spending C$2.4 million over 3 years.

Detailed geological mapping and trench sampling have been completed over the property September 14, 2004 News Release). Several drill targets have been identified, which lead to current 5-hole drill program. Three drill holes have been completed and fire assay results are awaited. New Cantech is funding 100% of the exploration programs.

Gobi Gold and White Silver Mountain

Minco has earned a 54% interest in the fully licensed joint venture company for the Gobi project by spending approx. C$1.4 million, and can earn up to 75% interest with a total contribution of approx. C$2.8 million. On the White Silver Mountain volcanogenic massive sulphide joint venture, Minco has earned 61% equity interest in the fully licensed joint venture by spending approx. C$3.7 million. Minco can earn up to 80% through a total expenditure of approx. C$6.3 million. Work will resume on both promising projects when priorities permit.

Hier noch was zum Thema `Silber`:

SUBJECT: Posted on Yahoo board Posted By: johnnyash
Post Time: 10/10/04 17:53
« Previous Message Next Message »

From the Silver Standard Resources (SSRI) board:

www.Mineweb.net

Are fledgling silver barons, tomorrow`s leaders?
Dorothy Kosich - `07-OCT-04 03:00`

DENVER--(Mineweb.com) The heads of the pure silver companies were hard to miss at the Denver Gold Forum because they are edgy and provocative. They`re...well, different.

Just by their presence at a "gold" forum, these new millennium "silver barons" defy a truism that when the world`s most powerful currency stumbles, investors will only turn to gold. These invaders of the mining establishment hope their vision of a silver future eclipses the mining industry`s penchant for gold.

No hovering entourages or engaging in small talk within the chummy circle of fellow CEOs for this small, but visionary group. These would-be modern silver barons are genuine men of the people, who are just as happy to chat up the little old lady retail investor as they are the über-fund managers. During their presentations, the standard, SEC-approved canned spiels fashioned by high-powered IR firms are refreshingly absent. These glib men are the emerging new mining leaders, today`s businessmen and entrepreneurs of a very traditional, historic industry.

Mineweb readers are probably familiar with Ross Beaty, the articulate, knowledgeable champion of the upstart Pan American Silver, poised to knock the venerable Coeur d`Alene Mines off its lofty number one pure silver producer perch.

However, also on the path of swift ascent is silver entrepreneur Silver Standard Resources President and CEO Robert Quartermain. As he explained to the analysts and institutional investors attending the Denver Gold Forum, "we`re the story that`s still not quite known."

Unlike Pan American Silver, fellow Vancouver-based Silver Standard (SSO-TSX-V) is more focused on property acquisition and development. Quartermain is already poised on the threshold of opening the doors of China to silver mining. Already slated to address Asian mining professionals at the Third Annual China International Silver Conference this month, Quartermain presented his calling card this week. His company entered into an alliance with Minco Mining and Mining Corporation to jointly pursue silver opportunities in China.

In a news release, Quartermain declared, the Cdn$2 million investment in the newly created subsidiary Minco Silver "provides Silver Standards with exposure in an area where it is not already working" and brings the Chinese exploration expertise of Minco Silver to Silver Standard.

"The Chinese economy has grown at an astonishing pace...with annual silver consumption increasing from 24 million ounces to 47 millions ounces. China appears to have an insatiable demand for all metals and we strongly believe that there will be continued growth in silver consumption," he added.

Ken Cai, President and CEO of Mino, declared that "a well-funded Minco Silver can move forward with the Fuwan silver project and with the acquisition of other high quality silver projects." Minco Silver has the right to earn 70% of the equity interest in Fuwan, which reportedly has an inferred resource of 160 million ounces of silver.

During his presentation to the Denver Gold Forum, Quartermain explained that the urbanization of China "bodes well for silver." For instance, as the U.S. and G-7 nations turn to digital photography, Kodak has revamped its marketing of film and photographic paper to China and India. The electronics and industrial use of silver are now surpassing jewelry manufacturing although the Silver Institute and sister organizations are working hard to create a silver jewelry market in China.

/cbx/

Das sieht doch schon mal recht konstruktiv aus:

Minco gefällt mir immer besser.
Super Phase 1 Bohrergebnisse heute im Chankeng Projekt mit Goldgehalten zw. 1,86 - 24,38 g/t ... dazu einiges an Silber ... und noch dazu: die Lagerstätte ist in 3 Richtungen offen und bietet Raum für weitere Extensionen.



MMM ist aber derzeit in erster Linie ein Silber play: die Beteiligung von Silver Standard Resources, der geplante Börsengang von Minco Silber in Toronto und vorläufige 140-160 mio oz Ressourcen in Fuwan sprechen für sich.

Die Goldressourcen sind dagegen freilich noch etwas dürftig. Immerhin werden zur Zeit nahezu alle Projekte gleichzeitig weiter vorangetrieben.

Dem Kurs hat heute - trotz hoher Umsätze - die gute Meldung nicht geholfen. Ich denke aber nach erfolgtem Pullback auf den ersten Kursausbruch ist in den nächsten Wochen durchaus das ATH in Reichweite.

Nach unten ist der Kurs durch die Silberbasis selbst bei Rückschlägen in einzelnen anderen Projekten recht gut abgesichert. Viel billiger - wenn überhaupt - wird MMM wohl nicht mehr zu bekommen sein, es sei denn, es geht `ne Menge schief.


Press Release Source: Minco Mining and Metals Corporation

Minco Mining & Metals Corporation: Drill Results Confirm Potential of Changkeng Gold
Thursday November 11, 5:32 pm ET

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 11, 2004) - Minco Mining & Metals Corporation ("MINCO") (TSX:MMM - News) is pleased to report fire assay results from the completed Phase I drilling program at its Changkeng Gold project in Guangdong Province, China. All the holes were drilled vertically and true widths of the intersections have not yet been established. The Phase 1 program confirmed results both of the previous Chinese drilling and also the continuity of the No.1 Zone along the synclinal structure towards the east and south.
Of particular significance is the eastern extension of the deposit where hole JZK4001 revealed strong gold values in an open area. In a previous drill program, the Chinese partner had drilled a hole ZK4802, approximately 1,000 metres east of the deposit area, which encountered a 127.59 metre thick mineralized alteration zone assaying 1.24 grams per tonne of gold (by the atomic absorption method), with a higher grade section running at an average of 3.85 grams per tonne gold over 11.99 metres.

Assay results of the first three drill holes in the Changkeng Phase 1 Program were announced in a news release on August 4, 2004. These assays had been carried out by the atomic absorption method. All samples over 0.1 gram per tonne gold in the Phase 1 Program were subsequently re-assayed by the fire assay method, which is generally accepted in the minerals industry to be more accurate for gold grade estimation. Re-assay results on these first three drill holes have revealed that the fire assay results are consistently higher than those of the previously published atomic absorption results. The Chinese laboratory has explained that the lower atomic absorption results had resulted from incomplete digestion of gold in the sample preparation process. Furthermore, check fire assays were undertaken on randomly selected samples in labs both in China and Vancouver, and closely matched the fire assay results from the Chinese laboratory.

Assay results as published previously for drillholes JZK0101, JZK0401 and JZK0601 have been re-stated respective to the fire assays. In addition, fire assay results are presented for new drill holes JZK0102, JZK2001, JZK2002, JZK4001.

The holes are drilled on a north west-south east grid approximating the dip direction of the mineralized zone. A sketch plan of the Changkeng drill holes and drill section lines will be provided on the Minco website (www.mincomining.ca) November 12th and will include a description of the sample preparation, assay procedures and check assay results.

Changkeng Gold Project Fire Assay Results

Final Interval Fire Assays
Depth Intersection (m) (grams per Comment
(m) (m) tonne)
Hole From To Gold Silver

Previously reported by the atomic absorption method,
---------------------------------------------------
but now re-stated by fire assay
-------------------------------

JZK0401 152.28 95.96 98.68 2.72 1.85 4.75 Fill-in hole to south

106.14 147.53 41.39 7.90 12.54

Including: 122.54 129.14 6.60 24.38 22.53

JZK0601 106.18 31.66 32.76 1.10 2.89 5.78 Extension to south

43.57 44.47 0.90 1.62 4.87

80.64 94.58 13.94 5.84 7.50

JZK0101 66.66 30.25 37.78 7.53 9.11 38.47 Open area to west

41.27 44.37 3.20 1.73 4.38

New drill hole results (fire assay)
-----------------------------------

JZK0102 119.82 77.73 82.54 4.81 3.21 35.91 Open area to west

92.50 114.77 22.27 5.58 12.59

Including: 99.69 103.60 3.91 14.01 26.98

JZK2001 102.80 76.15 76.72 0.57 2.90 6.67 Extension to east

JZK2002 252.27 212.88 223.78 10.90 3.96 8.23 Extension to SE

JZK4001 205.80 132.65 133.78 1.13 3.12 Not assayed Extension to fareast
136.08 136.83 0.75 1.86 13.22




Summary of Phase 1 Drill Program

Holes drilled close to previous Chinese drill holes have confirmed the quality of the earlier grid-drilled programs

The deposit is open in 3 directions:

- to the south (down dip), confirmed by hole JZK0601
- to the east along the plunge of the synclinal structure, (JZK2002 and the previous hole, ZK4802)
- to the west (around JZK0101, JZK0102)

Phase 2 Program

The Phase 2 drill Program is being planned to extend the resource base in the directions indicated by the Phase 1 Program. Drilling then will be concentrated on filling in the grid to a 40 metre by 40 metre spacing for preparation of an upgraded resource estimate. Down hole engineering studies will be carried out on selected drill holes.

Current status of Changkeng Gold and Fuwan SilverJoint Venture agreements Definitive Joint Venture contracts have been signed on both projects and have been submitted to the Chinese government for final approval. A comprehensive technical database is being constructed on both deposits.

Dr. Ken Cai, President and CEO comments: "We are tremendously excited by the potential of Changkeng Gold. The Phase 1 results have confirmed the high grade nature of the known deposit, and now we have identified open areas to the west, south and east of high grade mineralization. This gives us the opportunity to add significantly to the resource estimates. We are pressing ahead with the Phase 2 drill Program as a top priority."

This news release has been reviewed and approved for release by William Meyer, P.Eng. Chairman of the Board, and designated Qualified Person.

Ein schönes Wochenende
/cbx/

Interessanter Artikel zum Thema Silber

aus dem stockhouse board:

SUBJECT: China`s Secret Silver Solution
Posted By: siempre33
Post Time: 11/18/04 13:23
« Previous Message Next Message »

David Morgan`s latest [Nov.17] mentions only TWO silver miners in his article....one of them is Minco....very exciting news to come for silver mining in China!....

http://www.freemarketnews.com/portfolio/research.php
[CHINA`S SECRET SILVER SOLUTION; Initial Report; David Morgan - November 17, 2004]

/CBX/