Created: 02/24/2006 03:12:33 PM -
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Sino Silver's 60%-owned Chinese subsidiary, Sino-Top, is finishing up the 2005 exploration work on its projects in Inner Mongolia, China. Silver potential is found at Aobaotugounao (a 50% JV property with Silver Dragon Resources), Liangdi, Zhuanxinhu, and Erbahuo. Drill-testing will begin for these properties in 2006.
At Aobaotugounao, Silver and Lead anomalies are found to be related to quartz-porphyry systems. The geophysical contractor, North China Geological Survey conducted direct-current resistivity surveys using a Schlumberger array and electrode spacings of 50 m to determine near surface anomalies. Two distinct anomalies show conductivity peaks of over 5% (a benchmark of 4% is commonly utilized to define anomalies). Twenty profile lines spaced 50-meters apart cover the four square kilometer testing area. Trenching and surface samples have been sent for analysis.
Results of 300 m3 of trenching and 120 m of tunneling from Liangdi, with assays showing persistent high-grade mineralization averaging 272 grams per tonne silver, 4.38% lead and 2.18% zinc, were outlined in a previous news release on July 12, 2005.
DC Resistivity geophysical surveys at Zhuanxinhu indicate a very large area of anomalous conductivity covering 1 kilometer in length and 40-200 meters in width to the west of the known outcrop areas, under quaternary cover. Geological mapping suggest a similarity to the open pit Barien Daba silver deposit. The Barien Daba contains over 50,000,000 ounces of silver with grades as high as 800 g/t. Ore bodies at Barien Daba stretch up to 2 km in length and up to 13 m in width.
Tunneling at Erbahuo, a property in which Sino Silver has the right to earn up to a 60% interest began in October and is underway. Work has been conducted as part of the agreement to keep the property in good standing. Trenching has confirmed the extension of the main veins for several hundred meters to the south of the area of historic mining. Silver grades average 175 g in the southern extension.
Three properties, Saihanaobao, Yuanlinzi Beishan and Laopandao Beihou, which can be optioned by Sino Silver were found to have significant tin deposits, in addition to Pb, Zn, Ag and Cu occurrences. At Saihanaobao, resistivity surveys outlined two anomalies, the No. 1 being 60 meters in width and extending to more than 100 meters in depth while the No. 2 anomaly is up to 10 meters wide and extends up to 50 meters in depth. At Laopandao a strong stream sediment anomaly was found to be caused by an important east-west trending mineralized fault zone up to 4 meters in width. Assays are pending. A Yuanlinzi wide zones of tin mineralization averaging 20-30 meters in width are found within a granite host. Two areas of trenching have defined two belts of over 1 km in length and widths between 100-200 meters show grades of tin varying between 0.2-0.7% Sn (Tin).
Sino-Top did not find sufficient merit in Wutaohai and Shanghexi to justify further investigation and will no longer be targeted by Sino Silver for investment.
By the end of October, all open field work on these properties was completed as planned - with the exception of: tunneling underway at Erbahuo; and some drilling now deferred until 2006. All work was completed within budget.
Samples from trenches and outcrops have been sent to government laboratories for testing and results are expected in December.
For further information, please visit the Company's website at www.sinosilver.com.
Certain statements in the news release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to plans for future business development activities and prospective financial matters. Such forward looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, general economic conditions, specific factors affecting the silver markets, competition, interest rate sensitivity and exposure to regulatory and governmental requirements and changes, as well as those risks disclosed in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2004.
SINO SILVER CORP.
David Bikerman, President & CEO
Sino Silver Corp. (OTC Bulletin Board:SSLV)
Sino Silver Corp.
Director, President and CEO
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