TORONTO, ONTARIO--(Marketwire - June 7, 2011) - ECU Silver Mining Inc. (News - Market indicators) is pleased to report that the Company has sampled up to 14.03 grams per tonne (g/t) gold (Au), 155 g/t silver (Ag), 1.21% lead (Pb) and 4.26% zinc (Zn) over 1.50 meters (5 feet) in the Terneras Mine. Historical workings in Terneras have demonstrated significant continuity reaching up to 1200 meters (3,940 feet).
The underground development ramp at the San Juanes mine reached old workings of the Terneras mine giving the Company access to developed levels which can be mined in the short term. The level that was reached was sampled on both side of a major fault that cuts the main Terneras vein.
On the west side of the fault, in the main body of the old mine known to extend for 1,200 meters, the vein is generally thicker with consistent high assays. The drift in this area was sampled for a length of 48 meters (157 feet) and yielded 3.25 g/t Au, 311 g/t Ag, 1.78% Pb and 2.05% Zn over a width of 0.65 meters (2 feet). The best section sampled was 14.03 g/t Au, 155 g/t Ag, 1.21% Pb and 4.26% Zn over 1.50 meters (5 feet). On the east side of the fault, the vein is thinner and assays are irregular. The average over 48 meters (157 feet) of drift is 2.82 g/t Au, 263 g/t Ag, 1.48% Pb and 1.75% Zn over 0.21 meters (0.7 feet).
A significant portion of the Terneras vein could be opened rapidly by rehabilitating the existing infrastructure. The portion of the Terneras vein developed by previous owners and mined until 1920, contained approximately 4,000,000 tonnes (over 60,000,000 ounces of silver) of mineralized material.
In an update of the deep drilling to test the deep seated massive sulphides, the new cut steepened the drill hole which would have caused the drill to cut the extension of the zone more than150 meters deeper than the original cut. Since the objective of the initial holes is to confirm vertical and horizontal continuity close to the vein, this was deemed too deep for an initial cut. Consequently, it was decided to use the navi-drill to flatten the hole and cut the zone at a higher elevation, but still significantly deeper than the initial intercept. The drilling is currently at a depth of 870 meters (2,850 feet), 55 meters (180 feet) below the original intercepts in hole SJ-18-21 and is now being deviated into the massive sulphide zone.
All widths are true widths. Samples were assayed at the ERSA laboratory in Torreon, Coahuila, Mexico, which is currently in the process of being certified. Michel Roy, PGeo, a qualified person within the meaning of NI 43-101, prepared the technical information disclosed in this news release.
About ECU Silver
ECU Silver Mining Inc. is focused on the exploration, development and mining of gold, silver and base metals at its Velardeña District Properties in Durango, Mexico. The Company holds a N.I. 43-101 compliant mineral resource of 40 million silver equivalent ounces in the measured and indicated category and 391 million silver equivalent ounces in the inferred category. The Company also owns two mills with a combined capacity of 820 tonnes per day. ECU's mission is to become a pre-eminent silver and gold producer through the development of its existing and potential mineral resources at Velardeña.
Cautionary Statements
Readers are cautioned that there are no assurances that all or any part of ECU Silver's mineral resource will be economically viable. Until a prefeasibility study is completed, there are no assurances the release of an updated mineral resource will be economically viable.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, the proposed construction of a mill, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company's inability to obtain any necessary permits, consents or authorizations required for their activities, to produce minerals from their properties successfully or profitably, to continue their projected growth, to raise the necessary capital or to be fully able to implement their business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
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