Sino Silver Reports Exploration Results for Option Properties.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Sino Silver Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SSLV SSLV Southern San Luis Valley (Railroad) SSLV Standard Small Launch Vehicle ) is pleased to announce preliminary results from exploration activities performed in May 2005 on properties under option agreement to Sino Silver's 60% owned subsidiary, Sino-Top Resources and Technologies, Ltd. (Sino-Top), in the Erbahuo silver mining belt of Inner Mongolia, China. "We are encouraged by the exploration work to date on our optioned properties in Inner Mongolia" said David Bikerman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Sino Silver. "We are committed to our exploration efforts in the area, and expect to see additional high-grade mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. added to our portfolio as a result." Exploration is currently underway on three of the seven properties under option agreement to Sino-Top (Saihanaobao, Erbahuo, and Laopandoa Beihou). Expenditures on the optioned properties are to maintain these properties in good standing with the appropriate Government agencies and to give indications as to the development potential of the property. Sino Silver deposited US$ 500,000 (RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) 4,140,000) on April 1, 2005 into accounts in China earmarked for exploration and associated expenses. At Saihanaobao, two groups of mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. belts were found; one trending northwest (40-50 degrees); and one northeast (315-345 degrees), dipping 55-70 degrees. Ten altered, mineralized bodies were discovered, with the mineralization being primarily quartz, ferro-manganese, epidote epidote Any of a group of colourless to green or yellow-green silicate minerals with the general chemical formula A2B3(SiO4)(Si2O7)O(OH), in which A is usually calcium (Ca) and B and chlorite chlorite Widespread group of layer silicate minerals composed of hydrous aluminum silicates, usually of magnesium and iron. The name, from the Greek for “green,” refers to chlorite's typical colour. . Of these bodies the longest is 2,300 meters long, being iron-rich quartz reef. The others are 50-100 meters long with widths varying to up to 6 meters. Assay results are pending. The Erbahuo mine is an operating silver mine. Exploration in May shows that the ore of No. 2 deposit is distinctly different in the south, north and central sections, with the south and north sections being the same, yellowish, acidic volcanic rock with iron-manganese mineralization. In the heavily mineralized central section, rocks are primarily fractured breccia. Exploration activities at Laopandao Beihou located two tin mineralization belts. The #1 belt is primarily volcanic rock debris and is 400 meters long and 70 meters wide. The #2 belt is primarily rhyolite porphyry and is 350 meters long and 120 meters wide. Mineralization forms include quartz, tourmaline and epidote as well as anhydroferrite. Other minerals identified include chalcopyrite, galenite and pyrite. Sino-Top owns four properties (Aobaotugounao, Liangdi, Shididonggou, Liangdi, and Zhuanxinhu) in addition to the seven properties under option agreement. Work is underway on two of these properties. Exploration results are pending and will be announced shortly. The Company recently filed with the SEC audited financial statements for Sino-Top and pro forma financial information related to the acquisition of Sino-Top. In addition, the Company reported information relating to the trading suspension of its common stock that was effective from May 17 through May 31 and the related investigation conducted by special counsel on a Form 8-K filed with the SEC on June 22, 2005. Both filings are available on 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :SSLV) |
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