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ECU Silver Mining Inc. (TSX:ECU - News) is pleased to announce
that it has encountered new high grade mineralization in the Terneras West Mine through further development along the
vein structure. The Terneras West Mine is located
on the main Velardena Property.
The vein was opened for another 89 meters (294 feet) and yielded an
average of 3.45 grams per tonne (g/t) gold (Au),
440 g/t silver (Ag), 4.90% lead (Pb) and 2.48% zinc
(Zn) over a width of 0.37 meters (1.2 feet). The best portion was the last 15
meters (50 feet) which averaged 7.34 g/t Au, 2060 g/t Ag, 18.15% Pb and 3.67% Zn over an average width of 0.25 meters (0.8
feet), including the last cut of 7.54 g/t Au, 5541 g/t Ag, 37.3% Pb and 1.8% Zn over 0.25 meters (0.8 feet)
Furthermore, the Buenaventura Vein was transected in this new development
drift and will be investigated by more development in the near future. The
Buenaventura Vein is among a number of known veins located in the western
portion of the main Velardena Property, which have
yet to be tested and included in the Company's mineral resources.
Michel Roy, CEO and Chairman of ECU stated, "This type of grade
and extension is certainly very encouraging for the continuing development of
the whole western area of the Velardena Property
where there exists many known veins that are still
untested. Only about 50% of the Velardena Property
has been explored and it currently contains about 37 million ounces of silver
equivalent (AgEq oz)
measured and indicated resources (93% of the Company's measured and indicated
resources) and about 241 million AgEq oz inferred resources (62% of the Company's inferred
resources)".
Cautionary Statements
Readers are cautioned that until a prefeasibility study is completed,
there are no assurances these latest mineralized zones will be economically
viable. 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. Mr. Michel Roy, P. Geo., 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 Velardena
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 Velardena.
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.
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this Press
Release.
Contact:
Michel Roy
ECU Silver Mining Inc.
Chairman and CEO
Torreon, Mexico
011 52 871 747 5750
Stephen Altmann
ECU Silver Mining Inc.
President
Toronto, Canada
(416) 366-2428
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