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Re: News Release - Tuesday, October 16, 2007
ECU Silver announces Eastern Extension of Terneras Vein
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Highlights
- Eastern extension of the Terneras vein has been identified;
- Drill hole (SJS-14-02) returns 0.30 metres grading 2.70 g/t gold,
2,097 g/t silver, 17.95% lead, 11.57% zinc and 0.55% copper.
TORONTO ONTARIO, October 16, 2007 - ECU Silver Mining Inc. (TSX: ECU)
("ECU Silver" or the "Company") is pleased to announce that it has
identified the eastern extension of the Terneras vein.
Based on knowledge acquired from our continued exploration for new
veins and extensions of known veins, the Company reviewed and
reinterpreted the eastern extension of the Terneras vein. In
particular, our recently announced success in finding the western
extension of the same vein, see PR dated August 29th, 2007 prompted us
to reinvestigate the eastern side of the Terneras vein.
Our analysis gave rise to a new geological model which suggested that
the Terneras vein veered to the south as opposed to the north where
Terneras was previously thought to extend and which was mined for 200
meters along a lower grade splay.
The newly identified eastern extension was tested with a recent drill
hole (SJS-14-02) to verify a more robust continuity of the Terneras
vein to the east. The first assay result from this drill hole returned
0.30 metres grading 2.70 g/t gold, 2,097 g/t silver, 17.95% lead,
11.57% zinc and 0.55% copper.
Michel Roy, Chairman and CEO, stated that "This opens a brand new area
of exploration as the eastern sector of the Terneras vein has never
been tested before. The Terneras vein continues to show tremendous
continuity which is typical of these extensive type veins".
Steve Altmann, President, further added that "The Company's decision to
stop small scale production and focus on resource delineation and
expansion has been very beneficial in our identifying new discoveries
and proving the continuity of several veins within our three
properties: Velarde�a, Chicago and San Diego.
Although the Company is currently very focused on the timely delivery
of the Company's next National Instrument 43-101 technical report,
full-scale exploration operations are still continuing and results from
various sites are pending.
The Company would also like to announce that in November, ECU will be
attending the Munich Gold Show and will also give a corporate
presentation in Toronto at a Silver Symposium where ECU Silver will be
one of only eight companies presenting to members of the investment
community.
Readers are cautioned that until a pre-feasibility study is completed,
there are no assurances this latest mineralized zone will be
economically viable.
Mr. Michel Roy, P. Geo., a "qualified person" within the meaning of NI
43-101, prepared the technical information disclosed in this news
release.
For additional information please contact:
Stephen Altmann, President
Ph : (416) 644-8640
Fax : (416) 644-8801
www.ecu.ca
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Copyright (c) 2007 ECU SILVER MINING INC. (ECU) All rights reserved.
For more information visit our website at http://www.ecu.ca/ or send
mailto:ecu@ecu.ca
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