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ECU Silver announces New Assay Results on CC Vein at Santa Juana
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Highlights
- Assays averaged 27 g/t Gold, 544 g/t Silver, 2.7% Lead, 3.7% Zinc and
1.2% Copper over 0.44 metres.
- Includes assays of up to 126 g/t gold and 2713 g/t silver.
TORONTO ONTARIO, October 26, 2007 -- ECU Silver Mining Inc. (TSX: ECU)
("ECU Silver" or the "Company") is pleased to announce that it has
received new assay results from the Santa Juana area in the Velarde�a
Property.
As part of the work related in completing our new mineral resource
estimation, new drifts were driven whereupon the most important zones
within the new drifts were drilled and/or sampled to fit within the new
norms. One such zone, centered on a main vein in Santa Juana, the CC
vein, on level 18 west of the Tres Aguilas fault. This zone was sampled
for over 200 metres and assayed for precious and base metals. The
results are listed in the Table 1 below.
These very high gold and silver assays, coupled with significant base
metal values, represent the main CC vein which is enclosed in a wider
mineralized zone that includes numerous smaller veins and veinlets.
This mineralized zone forms the northern edge of one of the mineralized
vein packages that are being defined within the Santa Juana Mineralized
Corridor in the Velarde�a Property. ECU continues the assessment and
interpretation of several mineralized vein packages within the
Mineralized Corridor.
Also, as part of ECU's medium and long term exploration program, a new
ramp is being driven which will accomplish two main objectives. First
it will give us access to the vein system which extends below the
current mine development at the Velarde�a Property. Second, it will
provide a platform from which all the main veins at the Velarde�a
Property can be drilled at depth and at much lower levels than
currently reached. The planned length of the ramp is 2,500 metres of
which the first 74 metres have been driven after the portal was
completed.
43-101 Technical Report Update
We continue to advance our progress on the delivery of a new 43-101
mineral resource estimate which is scheduled for release this fall.
Last week, at our operations office in Torre�n Mexico, a representative
from our consultants, Micon International Limited ("Micon"), reviewed
our work to date. We are pleased to report that our approach and
methodology in determining our new mineral resource estimate were
considered to be well within Micon's guidelines.
We are nearling completion of a 3-dimensional computer generated
geologic model and the corresponding interpretation. The resulting new
geologic 3-D model is anticipated to generate a comprehensive mineral
resource estimate that will include results from the Mineralized
Corridor at Santa Juana and from additional series of high grade veins
located within the Velarde�a Property. In addition, results from the
nearby Chicago and San Diego properties will also be included.
The new mineral resource estimate will be predominantly a precious
metal resource comprised mainly of silver and gold values. This new
resource estimate will be augmented with additional base metal values
of zinc, lead and copper.
The Company is very excited about the upcoming resource estimate as we
believe it will rank highly among all other world class silver assets.
Table 1.
Drift Samples Level 18-- CC Vein
Sample Width m Au g/t Ag g/t Pb % Zn % Cu %
45750 0.4 9 264 0.01 0.06 0.22
45751 0.4 11.3 113 0.02 0.04 0.06
45752 0.7 19.9 320 1.23 2.6 0.52
45753 0.4 7.2 174 0.51 1.91 0.34
45754 0.5 28.1 606 0.56 3.28 0.93
45755 0.5 70.7 353 0.28 2.3 0.57
45756 1.2 29.9 364 4.02 8.19 2.41
45757 0.4 33.7 294 1.03 10.8 5.42
45758 0.6 21.5 653 1.45 10.33 2.03
45759 1.2 1.6 143 0.67 10.81 1.53
45760 0.5 60 318 0.63 6.91 0.25
45762 0.5 53 381 1.63 1.63 0.27
45763 0.3 31.7 864 3.95 2.45 0.51
45764 0.5 126.4 541 7.46 8.77 2.33
45765 0.5 6.1 637 11.15 2.46 1.08
45766 0.4 13.4 936 8.96 4.21 3.23
45767 0.5 9.8 788 2.54 1.94 0.83
45768 0.6 19 524 3.58 1.71 1.28
45769 1 18.9 338 0.72 0.67 1.13
45770 1.1 4.7 238 0.78 1.51 0.4
45771 0.7 26.7 424 0.93 4.66 0.47
45772 0.4 16.7 556 0.28 1.52 0.29
45773 0.3 12.1 138 0.44 1.83 0.62
45774 0.5 38.5 1155 0.54 1.39 2.45
45775 0.3 55.4 286 1.27 0.63 0.93
45776 0.3 35.1 669 0.68 0.69 0.32
45777 0.1 37.9 79 0.34 2.39 0.57
45778 0.1 3.4 83 0.12 1.35 0.31
45779 0.2 50.3 231 1.14 1.25 1.78
45780 0.15 16.4 120 0.42 1.18 0.61
45782 0.2 16.6 218 2.51 2.3 1.4
45783 0.2 33.4 1109 1.66 0.6 0.36
45784 0.25 44.4 340 0.48 0.49 0.79
45785 0.1 30.7 1989 1.35 1.07 4.76
45786 1.2 45 302 0.43 0.56 1.03
45787 0.15 22.7 700 0.35 0.96 0.13
45788 0.2 26.4 1580 4.48 5.1 1.83
45789 0.15 14 5 74 0.79 3.26 0.85
45790 0.2 25.3 1640 7.68 1.42 4.28
45791 0.2 25.1 413 5.17 9.32 1.2
45792 0.25 47.1 371 0.92 1.07 1.15
45793 0.5 18.2 398 6.13 9.39 2.55
45794 0.3 15.2 1082 6.5 5.93 1.69
45795 0.3 50.9 759 9.43 4.11 0.7
45796 0.2 33.6 1622 11.2 1.21 1.18
45797 0.4 32.3 2585 1.48 9.25 1.31
45798 0.3 25.4 2713 32.01 3.32 1.9
45799 0.2 9.1 1689 1.83 4.69 0.34
46600 0.2 12.8 251 0.4 1.24 0.74
46601 1 9 174 1.84 0.05 0.28
Average 0.44 27.08 544 2.7 3.73 1.21
Readers are cautioned that until a complete pre-feasibility study is
completed, there are no assurances that the mineralized zone discussed
above will be economically viable.
All widths are true widths. Samples were assayed at the ERSA laboratory
in Torre�n, Coahuila, Mexico which is currently in the process of being
certified. Samples were also assayed at the SGS laboratory in Durango,
Durango State, which is a certified laboratory. Property specific
quality control samples were inserted at regular intervals in the
sample sequence and the Company routinely does check assays at other
certified laboratories.
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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