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ECU Silver Files NI 43-101 Compliant Report on its Velarde�a
District Properties
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TORONTO, ONTARIO, March 10, 2008 - ECU Silver Mining Inc. ("ECU Silver"
or the "Company") (TSX:ECU) is pleased to announce that the Independent
National Instrument 43-101 ("NI 43-101") compliant technical report
(the "Report") on its Velarde�a District Properties in Durango State,
Mexico (the "Velarde�a Properties") has been filed at www.sedar.com.
The Report is authored by William (Bill) J. Lewis B.Sc., P.Geo., Senior
Geologist, MICON International Limited ("MICON").
ECU Silver previously announced the results of the resource estimate
(see Press Release: January 24, 2008) which has defined the following
mineral resources:
- Measured Resource: 24,768,000 ounces of silver equivalent.
- Indicated Resource: 12,864,000 ounces of silver equivalent.
- Inferred Resource: 179,004,000 ounces of silver equivalent.
The Report also details additional mineral potential (also announced in
the Press Release: January 24, 2008) that exists within the Velarde�a
Properties that has not been included in the mineral resource estimate.
The estimate of potential mineral resources ("Potential Resources") has
been reviewed by MICON.
- Potential Resources: 464,660,000 to 806,503,000 ounces of silver
equivalent.
The Potential Resources exists because the true extent of the
mineralization within the veins, vein packages and skarn has not been
fully identified. Many of the veins and vein packages in the Velarde�a
Properties remain open along strike in both directions and at depth.
The reader should note that the mineral potential cannot be estimated
to the same accuracy as a mineral resource and as such it must be
stated as a range of figures.
This Potential Resource is compliant with NI 43-101 disclosure
requirements and reflects the observed lateral and interpreted downward
extensions of veins identified in the Resource Estimate. The reader is
cautioned that the Potential Resources of the Velarde�a Properties are
conceptual in nature and there has been insufficient exploration
conducted within the mineral potential evaluation to define a mineral
resource. It is also uncertain if further exploration will result in
the targets being delineated as mineral resources. However, the Report
concludes that "the geology, extent of the surface expression of the
main veins and potential to find further hidden veins within the
properties provide reason to believe that the conceptual mineral
potential could be significant. The property has never been completely
subjected to modern exploration concepts and technology."
The Company has announced (see Press Release: March 4, 2008) that it is
focused on converting a portion of these Potential Resources into
Inferred Resources as quickly as possible and has outlined its
exploration program over the next 6 to 9 months with an objective of
increasing its current Inferred Resource by approximately 35% to 50% to
between approximately 190 million to 210 million ounces of silver
equivalent (excluding the base metal equivalent of 38 million ounces of
silver equivalent or any additional base metal equivalents that may be
included in the next update). This additional Inferred Resource would
be over and above the existing Measured and Indicated Resources of
approximately 34 million onces of silver equivalent (38 million onces
of silver equivalent including base metals).
The content of this news release has been reviewed and approved by
William J. Lewis of MICON, the qualified person authoring the NI 43-101
Report.
Statements in the release that are "forward-looking statements" are
based on current expectations and assumptions that are subject to risks
and uncertainties. Actual results could differ materially. Except as
required under applicable securities legislation, we undertake no duty
to update any forward-looking statement to conform the statements to
actual results or changes in our expectations.
For additional information please contact:
ECU Silver Mining Inc.
Stephen Altmann, President
Ph : 416-644-8640
Email: ecu@ecu.ca
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Copyright (c) 2008 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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