ECU Silver Mining Inc.admin
Wednesday, August 9th 2006
ECU Silver Mining inc.
-A new raise in the “San Mateo” vein cut 12.42 g/t Au (0.40 oz/t) and 6,068 g/t Ag (195 oz/t) over 0.30 meter (1 foot);
– Higher assays than previously obtained for the A1, A2, A3 and A4 veins of the Santa Juana mine; – Increase in quantity of veins and veinlets on level 18 indicates potential for bulk mining;
– New sulfide-rich intercept in the stockwork.
ECU Silver Mining Inc. (the “Company”) is pleased to announce new assay results from underground development and mining in the Tres Aguilas sector of the Santa Juana mine from the A1, A2, A3, A4 and CC veins on levels 17, 17.5 and 18 as well as from the San Mateo mine.
San Mateo Vein:
Following the drifting going west on the San Mateo vein (see Stockwatch July 19, 2006), a raise is being driven to verify the vertical continuity of the vein. Initial sampling of the planned 40 meters raise, yielded 12.42 g/t Au, 6,968 g/t Ag, 0.75% Pb and 0.54% Zn over 0.30 meter. These excellent grades justify mining this sector of the San Mateo mine. Given that this is an entirely new area, the Company is extremely encouraged by these results as these excellent grades justify mining this new sector of the San Mateo mine which will only increase our future resource base.
Santa Juana Mine:
The samples in Table 1 below illustrate new information when compared to previously released data (see Stockwatch July 19, 2006). The samples from the A1, A2 and A3 veins on level 17 and the A4 vein on level 17.5 show better precious and base metals contents than what had been obtained previously.
The CC vein was cut on the new level 18 and showed good precious metals grades coupled with significant copper assays. Furthermore, level 18, which we just entered, has already shown to posses a host of thin veinlets and assays from the two that were sampled yielded extremely high silver assays with excellent copper and gold grades. There are two factors of importance conveyed by the results from these three veins:
1- The veins are getting extremely rich in precious and base metals, including copper, and
2- The presence of more veins closely spaced on this level will justify the evaluation of that sector for bulk mining by sampling the additional veinlets and the material in-between.
“The Company is delighted with the latest set of results from our veins systems given the superb grades. We cannot emphasize enough how significant a development it would be, should we able to prove with further work that this sector on level 18 could also be bulk mined. Given that we continually keep discovering new veins as we go deeper, it is becoming more and more likely that bulk mining methods will have to be used. With the Company already quite certain that a bulk tonnage operation will be required for the stockwork zone, to be able to add another area where bulk tonnage is also required will be a fantastic accomplishment for the Company at this early stage in our current exploration program. With additional drills in the process of being delivered, collecting further data to evaluate and expand our model will gain momentum” noted Michel Roy, president and chief executive officer of ECU Silver Mining.
The drilling program is on-going testing the stockwork. The visual observation of the core is displaying a marked increase in sulfides contents. Heavy mineralization was encountered in the first few meters and results are expected this week. They will be made public immediately after we receive them.
All widths are true widths. Samples were assayed at ERSA, in Torreon, Coahuila, and at SGS new facility in Durango, Durango, Mexico. Property specific quality control samples were inserted at regular intervals in the sample sequence.
Mr. Michel Roy, P. Geo., a “qualified person” within the meaning of NI 43-101, prepared the technical information disclosed in this news release.
ECU Silver Mining Inc is a junior Gold, Silver, Zinc and Lead producer in the prolific mining district of Velardena, Mexico where historically over 500,000 ounces of Gold and 250,000,000 ounces of silver have been mined. Full scale production began in May 2005 at the Company’s Santa Juana mine. To ensure the Company is positioned for continued growth and expansion, and to take full advantage of the current record setting metals prices, the Company has a fully operational infrastructure in place, several months of planned production available from the current stopes, and ongoing exploration programs.
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. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.
Head Office Rouyn-Noranda Quebec, Canada J9Y 1G9 Tel : (819) 797-1210
Fax : (819) 797-1214
Corporate Office J. I. Jimenez 663 colonia Los Angeles Torreon, Coahuila, Mexico, 27000 Tel: (01152)-871-717-8633
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts: ECU Silver Mining Inc. Michel Roy cell: 011-52-871-727-1061
Source: ECU Silver Mining Inc.