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Golden Minerals/ AUMN - fusion avec Ecu silver mining

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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par marie Jeu 3 Juil 2008 - 1:32

la même news plus détaillée ( pdf de 2 pages) + les commentaires très détaillés de Mexico Mike


ECU SILVER DEEP DRILLING ENCOUNTERS MINERALIZATION AT
D
EPTH AT SANTA JUANAhttp://www.kitco.com/pr/1267/article_07022008123238.pdf
Hi Bill!
I see the market is reacting as usual to some pretty good news from ECU. Perhaps some people do not appreciate the magnitude of this latest NR, so I will attempt to outline what I think is significant.

The first thing to realize is that these results came from underground drilling completed from stations at level 18 of the mine, in the SantaJuana zone. I have been in the mine on this level, and it is a long way underground, something like 400-500m below surface (about a third of a mile). This drill core punched about 900m BELOW that level so weare talking about very deep below the surface, and still the company has hit some potentially economic resource in this mineralization.

Now most vein systems in Mexico are hydrothermal, which means they were formed from the circulation of heated, mineral-rich solutions in cracks of the rock. They typically pinch out with productive elevations of a few hundred meters. ECU is basically reporting that
this is something special, and far greater potential tonnage than the vein resource model. The system just goes and goes to depth, with several distinct geological regimes represented and different types of mineralization encountered. There is the potential that this intensely altered system could extend to other parts of the project area controlled by the company, and it could be a huge deposit. This is course would be news to the market, since so many people still think of the company as a narrow vein niche player.

The holy grail for this project has always been the potential for a bulk tonnage system at depth. We have seen reports of skarn intercepts at various parts of the deposit for a couple years. The lack of a deep drill rig prevented getting further to test that. Until now...

The current resource zones as reported in the updated NI43-101 estimate only go to about 900m depth. This latest drill core result extends more than 450m below that. Think about the implications overall for the entire resource if they can continue to step out this new area to depth.

The calcite veins they reported are fairly narrow, under a meter in true width. But if you look at how close they all come together, there are resource blocks there that are similar to the MC encountered elsewhere in the mines.

Further below that, we are told that another new type of mineralization was encountered, the massive sulphides, and assays are pending. The presence of massive sulphides would indicate we are getting closer to the intrusive. The drill bit ended in mineralization so we do not know the full extent, but it could be that the company has finally come to the contact body that was always expected could exist to depth and be the source of all of the veining near surface. This is what Michel Roy has been working for 10 years to prove up. We could be on the brink of this discovery now. It would elevate ECU to the ranks of the top discovery stories in Mexico for once and for all, on the same significance of the Penasquito Deposit for Glamis/Goldcorp.

There are just so many fundamental reasons to buy this stock right now and its a big surprise to me that the market is not jumping all over this news. I know I am preaching to the choir here and that most people who read this are already aware that ECU is something special. We are going to be hearing a lot more from this discovery area and perhaps we can finally start feeling optimistic that our confidence in this company will be rewarded. My guess is the market will not be able to ignore this story much longer.

For full personal disclosure, I have owned ECU for many years, and the company is a paid advertiser on my website.

cheers!
MexicoMike
www.smartinvestment.ca



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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par g.sandro Sam 5 Juil 2008 - 2:43

ECU Silver Mining

An Extraordinary Junior Mining Company –
JULY 2008
UPDATE

By Adrian Douglas


source www.lemetropolecafe.com

Deep Encounters of the First Kind!
In October 2006 I wrote an extensive article on ECU Silver Mining which
discussed at length the geological setting and the exploration potential of the
company (ECU Silver Mining – An Extraordinary Junior Mining Company. http://www.lemetropolecafe.com/pfv.cfm?pfvID=5676).
accessible en lecture publique, ici

I am now writing an update to that article because the company is on the verge
of what could be an event of epic proportions
in the company’s evolution. In
that article I said:
The geological phenomenon associated with intrusives suggests there could
be a real bonanza
as the exploration goes deeper in Velardeña. Already more
numerous veins have been encountered with increasing depth, including the
discovery of new stockwork zones, and the vein width and grades are increasing
with depth. As the skarns are explored further, there is also the possibility of
encountering massive sulfide lenses which are typically found near the
intrusive/skarn contact”

That was written almost two years ago so I was very excited to read the press
release made by ECU on July 2, 2008.

“ECU Silver Deep Drilling Encounters Mineralization at Depth at Santa
Juana”
http://www.ecu.ca/s/NewsReleases.asp?ReportID=309848&_Type=News-Releases&_Title=Ecu-Silver-Deep-Drilling-Encounters-Mineralization-At-Depth-At-Santa-Juana
Investors will very shortly find out if the company has indeed hit the
“mother lode” of its exploration potential that I postulated could be the real
“bonanza’ of the Velardeña property if the geological model is correct.

Judging by the recent stock performance investors are not paying attention to
this potentially game-changing exploration activity. I would like to point out
why this deserves serious consideration by the investment community.
To understand the significance of the latest deep exploration drilling let’s
make a recap on the geological environment with some excerpts taken from my 2006
article.
Talking Geology – “Intrusions” are welcome! – Especially the Second Time
Around!

The geological environment of the Velardeña region is very complicated. The
source of the silver, gold and base metal deposits is from magma intrusions that
thrust their way into the overlying limestone formations to create what is known
as a “skarn”. Understanding the geological model, even at a rudimentary level,
is absolutely essential to understanding the vast potential that ECU has to add
resources and reserves, and why it is an extraordinary situation.

During the Cretaceous age (between 135 million years ago to 65 million years
ago), in what was then a marine environment, calcareous sedimentary deposits
(limestone) were laid down which over time and with burial formed massive
limestone layers.
In the Central Mexico region where Velardeña is located, toward the end of
the Cretaceous geological age, in a period known as the Laramide Orogeny,
tectonic activity caused the limestone layers to be buckled into mountains and
valleys and also caused extensive faulting and fracturing. This was a very high
energy geological event which gave rise to the Rocky Mountains and the Sierra
Madre mountain ranges, which can be seen to have been folded in a NW-SE
alignment. This immense disturbance of the earth’s crust gave rise to a period
of magmatism and volcanic activity. The liquid magma was squeezed through cracks
and faults in the overlying rocks. When the magma escapes to surface it is
“extrusive’, which we know as a volcano, while if the magma is contained within
the rock it is “intrusive”.
A generalized schematic of an acid magma intrusive is shown in Figure 1.
The magma intrusive is acidic in nature and extremely high temperature (300
to 500 degrees Celsius). The hot, acidic intrusive reacts with the overlying
limestone in a complex geochemical reaction. The contact zone between the magma
and the limestone is a zone of intense metamorphosis and the chemically altered
rock is called “skarn”. As the intrusive magma continues to force its way into
the limestone, it causes uplifting which leads to radial cracks or fractures as
shown in Figure 1 in the plan view. There may also be other cracks or faults in
the rock that were pre-existing before the magma intrusive event.

At this stage hydrothermal alteration may occur. Superheated aqueous fluids
are created by the heat of the intrusive magma and underground water and
volatile fluids that come from the magma. These fluids dissolve metals and
minerals and concentrate them. These hot fluids percolate through the fractured
limestone rock depositing the minerals and creating the mineralized veins by
filling the fractures. This percolation may continue for hundreds of thousands
of years.

The crystallization of minerals occurs in the fractures at shallower depth
first as this is the coolest environment. The dissolution of the limestone wall
of the fractures in the hydrothermal alteration process is most aggressive near
the intrusive because the circulating fluids attain their highest temperature
there and as a result the pressure and velocity of flow are highest. This
explains why the mineralized veins typically have an increasing aperture with
depth. The fact that the deposition of minerals occurs last of all close to the
intrusive means that the mineral content can be expected to be higher close to
the skarn. The residual fluids after the fractures are mineralized are cooked
over time and may result in the formation of massive mineral sulfide lenses.


In Velardeña there were several magma intrusives that were forced up from
below the earth’s crust. The first was in the San Mateo area and was not
associated with any mineralization. A plan view of these intrusives is shown in
Figure 2. The first intrusive is shown in blue shading.
The magma intrusive created fractures in the limestone and the contact zone
was cooked into metamorphic skarn rock but there were no dissolved metals in the
hydrothermal fluids at that time and so no mineralization occurred. The
intrusive is mainly diorite, a material similar to granite but with less quartz
content.
At a later stage there was a second phase of magmatic intrusion. These are
shown in green shading in Figure 2. Figure 3 shows a simplified representation
of the intrusives in the Santa Juana/ San Mateo area in a cross-section looking
NW (the section A-A indicated in Figure 2).


The second intrusive in the Santa Juana/ San Mateo area intruded through the
same weakness of the limestone formation as the first intrusive. This caused not
only fracturing of the intruded limestone, but also of the first intrusive
thereby creating conduits through which later mineralizing hydrothermal fluids
could circulate.
The second intrusive event was accompanied by mineralization. The circulation
of superheated aqueous, mineral rich, volatile fluids led to the transport and
deposition of minerals that can be seen in the Velardeña vein systems.


The geological phenomenon associated with intrusives suggests that if the
source of the mineralizing event can be located where the veins meet then there
is not only the possibility of very densely spaced veins of wide aperture and
rich grades but also the possibility of very mineral rich massive sulfide
lenses. Such a discovery would, by its nature, be a candidate for underground
bulk mining.

Over the last two years ECU has done an outstanding job of extending its
mineral inventory to 217 million silver equivalent ozs and up to 960 million
silver equivalent ozs of potential mineral have been identified. It should be
noted that ECU has been very conservative on their resource estimates and a
large portion of their “potential” category could be reclassified as “inferred”
with very little extra sampling. The impressive increase in mineral inventory
and potential minerals has, however, only been achieved by way of extensive
exploration and delineation of the vein system and only includes mineral
inventory up to 450m below level 18. The latest deep drilling extends 900m below
level 18, twice as deep as the current limit of resource estimates, so the
discovery of massive sulfides would dramatically INCREASE the current NI-43-101
resource estimate. The new drill results down to 900m below level 18 should also
allow a significant amount of “potential minerals” of the current NI-43-101,
(the portion located between 450m and 950m below level 18), to be re-classified
as “inferred mineral inventory”.
Looking to Make Contact!
Let’s examine the latest press release of July2, 2008.
ECU stated:
QUOTE
The high number of mineralized veins encountered are consistent with the
geological model as they are within the marble/skarn alteration zone that
envelopes the intrusive event, which in turn sourced the vein mineralization of
the Santa Juana veins system. We believe the Calcite Veins are within an
alteration zone that surrounds a potential deep seated massive sulphide
replacement (Mantos-type) body. This is further supported by the presence of the
M-S Veins 48 metres (160 feet) below the Calcite Veins. Confirmation of assay
results for M-S Veins is pending.

END
As one approaches the contact of the intrusive one would expect three
types of mineralization created through metamorphic alteration. First there are
densely spaced calcitic veins that are consistent with the limestone being
cracked by the intrusive and the cracks being filled with metal rich minerals.
Second there are cracks in the alteration zone filled with massive sulfides, and
then thirdly there are the massive sulfides formed at the intrusive contact.
From the press release we can see that the depth capability of the drilling
equipment was reached (900m) before reaching the contact of the intrusive. What
ECU is referring to as “Massive Sulfide Veins” could already be the start of a
massive sulfide lens because the first “vein” is almost 4m thick and drilling
ceased while in the second “vein”. This massive sulfide lens could easily be
tens of meters thick, and judging by the size of the intrusive could have
lateral extent in the hundreds of meter range.
What is extremely intriguing is that ECU released the assays for the calcitic
veins but did not release the results from the Massive Sulfide veins. They said
confirmation of assay results for M-S Veins is pending”. Note it is not
the assays that are pending but confirmation of them. I can think of only one
viable reason why assays would have to be “confirmed” and that is because they
are extraordinarily good! I titled my 2006 article “ECU Silver Mining - An
Extraordinary Junior Mining Company” and my interpretation of this press release
is that they may well live up to that billing by announcing some extraordinary
results. We will know very shortly.
When I wrote my article in October 2006 the silver price was $11/oz and ECU
had only 98 million ozs of silver equivalent of NI-43-101 compliant mineral
inventory comprised of:



  • 17.4 million Indicated silver equivalent ozs.

  • 81 million Inferred silver equivalent ozs.

The stock was trading at CDN$2.50. The company has now booked 217 million
silver equivalent ozs of NI-43-101 compliant of mineral inventory comprised
of:


  • 37.6 million Measured & Indicated silver equivalent ozs.

  • 179.0 million Inferred silver equivalent ozs.

The Company has also identified an additional mineral potential range of 549
million to 960 million silver equivalent ozs yet the stock is trading at $1.68!
Furthermore, the silver price is $18/oz. ECU stock is probably at least a factor
of 10x undervalued and should be trading at closer to $16 than $1.68. The fact
that ECU has been categorized as a thin vein mining play has unjustifiably held
down its valuation. The current deep drilling results could dramatically change
ECU’s prospects
. The discovery of massive sulfides in a large lens with
extraordinarily rich grades could transform the company’s fortunes and the true
valuation of the company could be recognized by the market in explosive
fashion.

Michel Roy, CEO and Chairman of ECU, is an extremely talented and experienced
exploration geologist. The geological model he defined has been proved correct
in press release after press release and by the astonishing growth of NI-43-101
compliant resources. The geological prowess of the ECU team is exemplified by an
outstanding discovery.
In August last year the company announced they had
located the western extension of the Terneras Vein which had eluded all previous
exploratory efforts for over 100 years! Michel Roy’s team located it!
The ECU team has demonstrated they are world class explorationists and now
they have drilled a deep hole that has intercepted mineralization near the
intrusive that has long been postulated to be the biggest exploration jewel of
the Velardeña property. The assays of the calcitic veins show good grades and
increasing gold and silver content with depth. In respect of the Massive Sulfide
veins ECU is apparently needing to “confirm” the results. The track record of
ECU can only lead me to believe that this could be the most exciting news out of
the company yet.
Watch this company closely. It could, yet again, turn out to be
“extraordinary”!
ECU Silver Mining trades on the Toronto exchange under the symbol ECU.TO and
on the NASDAQ Pink Sheets as ECUXF.PK
Adrian Douglas
July, 2008
adouglas@marketforceanalysis.com

For full disclosure I am pleased to say that I am a long
standing share holder of ECU. This article has not been commissioned by ECU and
I have not, nor will I, receive any compensation for writing it. Mineral
exploration is a tough business with many risks involved; please factor your own
risk tolerance into any investment decisions.



Silver is king, Go Gold !
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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par g.sandro Mer 3 Sep 2008 - 22:27

ECU Silver Hits Gold at Depth
Wednesday September 3, 9:33 am ET

je plane pour toi amur tchin aaarf r.ire ye.s soleil yeuxx en bille


http://biz.yahoo.com/ccn/080903/200809030483440001.html?.v=1

je plane pour toi amur tchin aaarf r.ire ye.s soleil yeuxx en bille



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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par g.sandro Ven 12 Sep 2008 - 20:32

Plus ils creusent et plus il y en a

je plane pour toi amur tchin clap clap chinois chappo r.ire ye.s aaarf je plane pour toi chappo aaarf king soleil

http://biz.yahoo.com/ccn/080911/200809110485440001.html?.v=1

ECU Silver –Success of Geological Model Leads Closer to Reaching Ultimate Exploration Goals

Dear fellow Shareholders,

Needless to say the past 14 months and particularly the last 2 months have been very turbulent times for the mining sector and the capital markets in general. Due to the most recent, and still ongoing, severe correction we are experiencing in the equity markets, we felt it important to update our shareholders on our key exploration strategy. In particular, the purpose of this letter is to update our shareholders on the Company’s exploration accomplishments since early this year, where we stand today, and where we hope to be in the near future.

We are pleased to report that our Company has continued to advance considerably in our resource development. We have announced highly material exploration results over the past several months. These results and subsequent interpretation are confirming our geological model for the area in a spectacular way in terms of assays, widths and additional potential. Our model has always ascertained that as we continue to drill deeper, we should encounter richer grades and thicker areas of mineralization. Hole 21, our deepest drill hole to date, is just further proof that the model is indeed on the right track to uncovering further deep massive sulphides at depth.

In order for you, our valued shareholders, to better understand our excitement despite the current state of the equity markets, we wish to provide you with a simplified geological explanation from a regional and local perspective. In doing so, we hope to provide clarity in the importance of our current mineral resource. Our efforts over the past months is well on the way to demonstrating the underlying mineral potential, with regard to additional high grade veins and to the significant implications of our recent discovery of the massive sulphide veins.

REGIONAL MODEL

Regionally, there are several intrusive bodies that are known to be associated with precious and/or base metals. These intrusions are bodies of igneous rock that have crystallized from molten magma below the surface of the Earth, essentially an underground volcano. These intrusives gave rise to a significant amount of veins, as seen at Velardeña, and also to deeper massive sulphide replacement bodies at depth.

Five of the largest and best known intrusives in the region are situated within mineral rights owned by ECU and Peñoles, the world’s second largest silver Company. Three intrusive bodies each lie under ECU’s main Velardeña Property, the Chicago Property and the joint-venture San Diego Property. The other two intrusive bodies are associated with Peñoles’ Santa Maria mine and its Reina del Cobre mine.

When these intrusions occurred, the intense heat and fluids that accompanied them caused a recrystallization (a metamorphosis) of the pre-existing and surrounding limestone. The size of these intruded zones varied as a function of the local heat and quantity of hydrothermal solutions. These intruded zones created a “Contact Zone” (or “Alteration Zone”) varying in width from 5 metres to 500 metres and basically forming a type of buffer between the intrusive and the limestone. The rock types contained in the Contact Zones are; i) marble, if the limestone was only affected by heat, ii) skarns, if the limestone was affected by heat and hydrothermal solutions, iii) a multitude of various shaped intrusive bodies and iv) secondary intrusives, that are extensions of the main intrusive. When there is a large quantity of these secondary intrusive bodies, as evidenced within the Velardeña District, the Contact Zone is much wider and more often mineralized.

Precious and base metals in the Velardeña region are found in veins or replacement bodies. The replacement bodies are found in the Contact Zone, closer to the main intrusive or close to a secondary intrusive body. The size of these replacement bodies are often related to the quantity of hydrothermal solutions that permeated the Contact Zone in that area. Hence the larger replacement bodies are typically due to areas with larger quantity of fluids. These areas are generated from regions with a higher intensity of metamorphism which in turn, are areas where the skarn predominates. A secondary indicator in the Velardeña district is that replacement bodies are often associated with skarns containing green garnets which are called “Green Skarn”.

As for our veins, they are basically found everywhere, in limestone, marble, skarn and intrusive. This is because they represent the distal emplacement of hydrothermal fluids that filled existing fractures or fractures created by the emplacement of the intrusive as it pushed up into the limestone. The veins lie spatially above the intrusive and so following them downwards will bring us to the specific intrusive that brought the fluids and, if they exist, to the replacement bodies associated with it.

As a last detail, the large intrusives are not a single event, they are normally a multi-phase geological phenomenon with the latest phase intruding the earlier phases. Most of the mineralization is associated with the latest phase events which means the veins can often be found cutting the earlier phases.

VELARDENA PROPERTY INTRUSIVE

The Velardeña Property intrusive (Figure 1 - Plan View), a diorite, is basically shaped like an eggplant pointing to the north-east where the narrow end underlies our Santa Juana vein system. The Santa Juana vein system is oriented in a north-west to south-east direction and as such is orthogonal to the long axis of the intrusive. The vein system lies within a major fracture system that coincides with the Contact Zone at depth. This last point can better be seen in the Orthogonal Plan View (Figure 2 – Orthogonal Plan) which shows the A4 vein in blue. The A4 vein is the most prominent vein in the Santa Juana vein system and it represents the edge of the package containing the veins of the Santa Juana system, bounded on the other edge by the Santa Juana vein. Since the A4 vein is the most consistent vein among the Santa Juana veins, it is the easiest to follow at depth and we can normally cut it with drill holes very close to the projected position. This is why we could interpret the massive sulphide intercepts of drill hole 21 as being part of the A4 vein because core angles and projections from above permitted this interpretation with a very high degree of confidence.

The other major east-west veins such as Terneras, San Juanes, San Mateo, and Hiletas are cutting through all the rock types within the Velardeña Property. This is interpreted as fracture filling from the same, or a similar, event that created the Santa Juana vein system. In these cases however, we do not observe such a thick package of veins, and as such the mineralization source may be deeper or the pattern is related to a more competent host rock that was more brittle and consequently created large fractures instead of several smaller ones. So there is a possibility that we shall encounter a smaller intrusive, centered on the nose of the big one, at depth and that most of the mineralization is related to it. On the other hand, because of the distribution of sulphides vs calcite in the veins in the Santa Juana system, there is a strong presumption that we have at least two mineralizing events. The first created the veins containing sulphides that were mined and explored between surface and level 19 while the second would have created the massive quantity of calcite observed at depth starting at about level 19 as well as the sulphides found deeper in hole 21 but not sufficiently defined yet to determine the level at which they would be starting.

SANTA JUANA CURRENT

In order to properly represent what we are looking for and was found recently, the best place to start is the Longitudinal Section showing the A4 vein looking north (Figure 3 – A4 Longitudinal Section). This vein is critical in our interpretations as it represents the western edge of the system while the Santa Juana vein, mined to surface, represents the eastern edge. The Santa Juana vein system is essentially a 100 metre thick sandwich, with the A4 vein and Santa Juana vein representing the bread on both sides. These two major veins are also easier to correlate since they both have strong continuity. Both these veins have been mined above level 18 for hundreds of metres vertically and horizontally.

Focusing first on the A4 vein, we had identified an inferred resource block in the last 43-101 that contributed to a major portion of the total inferred block for Santa Juana. That block was based on drilling below level 18 (elevation 1500) which helped to prove the continuity of the Santa Juana vein system, and specifically of the A4 vein. Not only, was it one of the largest blocks of inferred resources, but it contained considerable information with relatively little additional work required to upgrade it to an indicated classification.

However, we suspected that the A4 vein continued at considerable depth based on the information we had. With that idea in mind, hole 21 was drilled at a very deep depth for two reasons. First, was to confirm continuity at depth. Even though it was a very long step out from the depth limit of the current mineral resource, we had every reason to believe the A4 vein would be there based on the strength of the system and the fact the A4 vein had been shown to be continuous for over 600 metres above the previous deepest drill intercept. The second reason was to verify the geological model suggesting that the increasingly calcite-rich vein would change to massive sulphides at depth. With intercepts of 3.66 g/t Au, 295 g/t Ag, 7.87% Pb and 12.07% Zn over core length of 12.04 metres, hole 21 certainly confirmed both.

The follow-up holes were then logical step outs to prove that the A4 vein was continuous within the block to be evaluated. To do that, three holes were drilled on a first tier close to elevation 1100 (i.e. 1100 metres above sea level), they were holes 22, 23 and 24. The first were aimed at both sides to confirm lateral continuity while the third was aimed at the center, more to evaluate the progression from calcite to sulphides at that level. Both 22 and 23 confirmed the continuity with grades well above average for the deposit while hole 24 was abandoned due to excessive flattening which would have brought it level to previous holes.

Hole 22 also intercepted a gold/copper rich vein at the contact between a green skarn and marble. (Figure 4 – A4 vein Cross Section). Although this vein was never encountered above, we think it is of significant interest as it is located at a major geological contact and could have good continuity as we go deeper. More holes will need to be drilled to confirm this idea.

Now holes 25, in progress, and 26 are aimed at proving the lateral continuity at a much greater depth, near elevation 750. As well, the metal contents and nature of the vein will be extremely useful in planning future holes as it will probably show that hole 21 was not in the center of the axis of the sulphide body. We can then focus on the side which shows the best results. If holes 25 and 26 confirm the continuity of the A4, the initial objective will have been achieved, namely proving that the block being investigated does indeed contain the A4 vein and we can then move to the next stage, which is definition drilling within that block.

CONCLUSION / OUTLOOK

While our current mineral inventory of over 200 million silver equivalent ounces is already substantial, the Company is of the opinion that there is considerable evidence of much more mineralization at depth. This view is based on the numerous amounts of data collected, interpreted and integrated into our MineSight computer program since the beginning of the year. With each successive drill hole, our geological 3D model continues to gather high quality evidence that further confirms the regional model. In essence, the deeper we drill, the wider and more richer the grades should become.

So why all the excitement by the company’s geologists?

The deepest drill intercept to date among all our Velardeña Properties, hole 21, returned the best combination of assay results and widths of all the hundreds of holes we have drilled previously. Never before has the company encountered such a thick, four metres, intercept of massive sulphides combined with excellent grades. Although there has been a few intercepts in other holes that yielded better grades, never had we encountered both excellent grades and width together as found in drill hole 21. The thickness is very important as it shows that the system is increasing in strength as we go deeper from the current workings, as predicted by the geological model.

We are currently drilling hole 25 and then hole 26 will immediately follow. Once hole 26 is completed, the Company will commence deeper drilling by pushing holes 21 and 23 up to 200 metres deeper than they were originally drilled. Consequently, if our geological model continues to be correct, the Company fully expects to find more of the same quality mineralization as we discovered in hole 21. That is, a rich high grade and wide mineralized vein/body at depth.

Cautionary Statements and Additional Information:

Readers are cautioned that until a prefeasibility study is completed, there are no assurances these latest mineralized zones will be economically viable. True widths vary between 50% and 65% of core lengths. Samples were assayed at the ERSA laboratory in Torreón, 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.

Readers are also cautioned that despite the Company’s belief that our geological model will continue to be correct there are no assurances that further drilling results will yield economic grades and widths.

ECU Silver Mining Inc. is focused on the exploration, development and mining of gold, silver and base metals at its Velardeña District Properties in Durango, Mexico. The area is comprised of three properties, the Main Velardeña Property, the Chicago Property and the San Diego Property. The properties are located near to each other and include five historical mines - Santa Juana, Terneras, San Mateo, San Juanes, and the San Diego mine. ECU’s goal is to establish a significant polymetallic mineral resource in the heart of Mexico. ECU's mission is to become a pre-eminent silver and gold producer through the development of existing, and additional potential resources at Velardeña.

For further information please visit www.ecu.ca or contact:

CHF Investor Relations ECU Silver Mining Inc.

Chris Haldane, Account Manager Stephen Altmann, President

Tel: (416) 868-1079 ext. 237 Tel: (416) 366-2428

Email: chris@chfir.com Email: ecu@ecu.ca

DIAGRAMS

Figure 1 - Plan View



Figure 2 – Orthogonal Plan



Figure 3 – A4 Vein Longitudinal Section



Figure 3 – A4 Vein Cross Section




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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par g.sandro Mar 30 Sep 2008 - 1:09




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MessageECU Silver Finds Veins Above Old Workings
par g.sandro Lun 27 Oct 2008 - 20:22

http://biz.yahoo.com/ccn/081023/200810230492892001.html?.v=1

ECU Silver Finds Veins Above Old Workings
Thursday October 23, 9:04 am ET


Highlights

- Underground development identifies mineralization above old workings.

-- 16.3 grams per tonne (g/t) Gold (Au), 2,397 g/t Silver (Ag) over 0.60 metres (2 feet);

-- 19.0 g/t Au, 1,274 g/t Ag, 6.31% Lead (Pb), 5.74% Zinc (Zn) and 1.45% Copper (Cu) over 0.26 metres (1 foot);

-- 11.4 g/t Au (in diorite) over 1.7 metres (5 feet).TORONTO, ONTARIO--(Marketwire - Oct. 23, 2008) - ECU Silver Mining (TSX:ECU - News;
"ECU Silver" or "the Company") is pleased to announce further
exploration results from the Santa Juana mine within the main Velardena
Property. While the majority of the Company's exploration discoveries
have been below the old workings (areas historically mined), recent
development has confirmed additional mineralization also continues
above these old workings, as evidenced by the recent high grade
results. These results are from the Santa Juana mine, which remains the
main zone of the Velardena Property.
<table class="ad_slug_table" border="0" cellpadding="0" cellspacing="0"><tr><td align="center">
</td></tr></table>

As part of its exploration strategy, the Company has many underground development headings to define potential resources and verify mineral resources over several of its veins or veins packages on the Velardena Property.

This is in addition to the ongoing exploration drilling that
is proceeding on all three of its properties in the Velardena area.One
such development heading was a cross-cut (a drift perpendicular to the
vein) driven on Level 12, which is the main access level to the Santa
Juana mine. The aim of this development work was to verify the upward
continuity of mineralized veins, in this case, the D's and E's veins.
These series of veins have been found at depth, below the old workings,
through both underground development and drilling. Currently, on Level
12 in this area, we have driven 26 metres of cross-cut and have cut
numerous veins and veinlets. Table 1 below, lists the most significant
results received to date from this cross-cut with high grade assays up
to 24 g/t gold and assays exceeding 2,300 g/t silver.We have also drifted for another 30 metres along a key vein in the area (the E1 vein). Assays from this drift are pending.The
confirmation of vertical continuity above the old workings is important
as this will have an impact on the next mineral resource estimate as
these series of veins were not included in past evaluations. At depth,
these D and E veins have a demonstrated lateral continuity of
approximately 200 metres. The discovery of mineralization above the old
workings is significant as it demonstrates that un-mined veins can be
discovered in the upper levels.The Company continues to advance
deep drilling at Santa Juana with the aim of confirming continuity of
mineralization down to the previously announced discovery of the
massive sulphide veins (see press release dated July 9, 2008).
-------------------------------------------------------------------------
Table 1 -- Assays Results from Level 12 at Santa Juana Mine
-------------------------------------------------------------------------
Sample # Width (m) Au (g/t) Ag (g/t) Pb (%) Zn (%) Cu(%)
-------------------------------------------------------------------------
52500 0.20 1.55 83 1.51 0.03 0.11
-------------------------------------------------------------------------
52501 0.20 1.94 324 0.86 0.02 0.39
-------------------------------------------------------------------------
52502 1.70 11.38 0 0.02 0.01 0.99
-------------------------------------------------------------------------
52506 0.20 0.50 71 1.02 0.78 0.13
-------------------------------------------------------------------------
52509 0.30 4.00 1,356 0.44 0.16 1.40
-------------------------------------------------------------------------
52514 0.60 16.30 2,397 0.30 0.24 2.65
-------------------------------------------------------------------------
52515 1.00 4.50 328 0.03 0.10 0.33
-------------------------------------------------------------------------
52516 0.20 1.60 122 0.04 0.07 0.22
-------------------------------------------------------------------------
52517 0.20 1.10 72 2.45 2.24 0.21
-------------------------------------------------------------------------
52525(i) 0.32 24.00 1,127 9.01 8.97 1.11
-------------------------------------------------------------------------
52526(i) 0.20 11.10 1,508 2.00 0.30 2.00
-------------------------------------------------------------------------
Average E1 0.26 19.04 1,274 6.31 5.64 1.45
-------------------------------------------------------------------------

(i) Samples from the E1 vein

Cautionary Statements and Additional Information: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.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 area is comprised of three properties, the Main Velardena
Property, the Chicago Property and the San Diego Property. The
properties are located near to each other and include five historical
mines - Santa Juana, Terneras, San Mateo, San Juanes, and the San Diego
mine. ECU's goal is to establish a significant polymetallic mineral
resource in the heart of Mexico. ECU's mission is to become a
pre-eminent silver and gold producer through the development of
existing, and additional potential resources at Velardena.



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MessageShoot AGAIN:The richest and widest intercept on San Diego to date
par g.sandro Mar 4 Nov 2008 - 19:21

je plane pour toi tchin aaarf r.ire ye.s

The richest and widest intercept that has been drilled on the San Diego Property to date.


http://biz.yahoo.com/ccn/081104/200811040495108001.html?.v=1

ECU Silver and Golden Tag Cut Additional Massive Sulphides at San Diego
Tuesday November 4, 9:55 am ET


ECU Silver and Golden Tag Cut Additional Massive Sulphides at San Diego
Tuesday November 4, 9:55 am ET
Highlights
- Hole SD-07-21A intersects new zone of massive sulphides (MS) and represents richest and widest MS intercept encountered at San Diego.
-- 437 grams per tonne (g/t) silver (Ag), 10.3% lead (Pb) and 11.8% Zinc (Zn) over core length of 5.9 metres (19 feet).
-- Estimated true width of 5 metres with silver equivalent grade of 1,080 g/t Ag.

TORONTO, ONTARIO--(Marketwire - Nov. 4, 2008) - ECU Silver Mining Inc. (TSX:ECU - News; "ECU") and Golden Tag Resources Ltd. (TSX VENTURE:GOG - News; "Golden Tag") are pleased to report that they have intersected additional Massive Sulphide mineralization (the "MS Zone") on the joint venture San Diego Property. The drill-hole SD-07-21A intercept is particularly significant as it represents the richest and widest intercept that has been drilled on the San Diego Property to date. The MS Zone yielded 437 grams per tonne (g/t) silver (Ag), 10.3% lead (Pb) and 11.8% zinc (Zn) over a core length of 5.9 metres (19 feet), at a depth of 600 metres (1,970 feet) below surface (see Table 1 below).

ADVERTISEMENT
The recent assay results, along with earlier reports (see press releases dated October 17, 2008 and June 23, 2008) continue to demonstrate an emerging pattern of massive to semi-massive sulphide mineralization with significant grades in silver, lead and zinc over attractive widths below the known surface vein occurrences.

Drill-hole SD-07-21A intersected the new MS Zone in the south-eastern portion of the property where no exploration drilling has been previously completed, until now. The MS Zone is hosted in massive limestones and is believed to have formed from the replacement of the carbonaceous host-rock by sulphide-bearing solutions. Like skarn-replacement, carbonate-replacement type mineralization, can form wide lenses of semi-massive to massive sulphide mineralization that represent a major source of Ag-Pb-Zn mineralization in Mexico. The new MS Zone could coincide with the eastern extension of the San Jose Vein, a NW trending structure located south of the more prominent Montanez Vein. The Zone is open in all directions and additional drilling is planned to further outline the extent of mineralization in this area.

Diamond drilling on the property is ongoing with hole SD-08-35, a 70 metre step-out hole to the west from recently completed hole SD-08-34. The main objective of this hole was to intersect the junction point of the E-W trending Cantarranas Vein with the northwest trending Ag Stringer Zone and the Montanez Vein defining a V-shape structure. At the projected intersection point of these three structures at depth, hole SD-08-35 cut a wide section of polymetallic stringers and veins stretching over 100 metres from approximately 650 to 750 metres down hole. This mineralized section straddles the faulted contact between the main diorite intrusive coring the centre of property and the adjacent marble. It now appears that this NW trending contact is a major structure transecting the whole property that would connect the Montanez Zone defined in the Eastern sector of the property with the La Cruz Zone outlined in the Western sector. Assays are pending.


Table 1 - Assay results from drill-hole SD-07-21A
---------------------------------------------------------------------------
Sample From To Length Silver Lead Zinc Silver Eq.
(m) (m) (m) (g/t) (%) (%) (g/t)
---------------------------------------------------------------------------

11539 686.30 686.75 0.45 444 9.20 10.80 1,026
11540 686.75 687.45 0.70 446 10.75 14.80 1,194
11541 687.45 688.10 0.65 430 9.58 11.20 1,034
11542 688.10 688.65 0.55 312 7.68 8.39 778
11543 688.65 689.30 0.65 597 15.40 18.65 1,589
11544 689.30 689.90 0.60 549 11.85 18.30 1,435
11545 689.90 690.50 0.60 676 16.25 13.55 1,531
11546 690.50 691.05 0.55 330 8.29 7.11 772
11547 691.05 691.55 0.50 117 2.91 2.81 282
11548 691.55 692.15 0.60 381 8.97 9.09 903
---------------------------------------------------------------------------
Average 686.30 692.15 5.85 437 10.32 11.81 1,080
---------------------------------------------------------------------------


Silver equivalents were calculated using the same commodity prices and metal recovery factors used in the San Diego 43-101 Resource Estimate Report. These were 26.60 g/t Ag per 1% Pb and 31.21 g/t Ag per 1% Zn.

Cautionary Statements and Additional Information:

Readers are cautioned that until a prefeasibility study is completed, there are no assurances these latest mineralized zones will be economically viable. True width for the MS vein is approximately 85% of the core length. All reported analyses were performed by ALS Chemex accredited assay laboratories of Guadalajara and Vancouver. Ms. Kateri Marchand, 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 focused on the exploration, development and mining of gold, silver and base metals at its Velardena District Properties in Durango, Mexico.

Golden Tag Resources Ltd. is a junior exploration company actively exploring for high grade gold and silver deposits at the San Diego silver-lead-zinc project in Durango State, Mexico; the Aquilon gold project in James Bay, Quebec; and the McCuaig gold project in Red Lake, Ontario.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


Contact:

Stephen Altmann
ECU Silver Mining Inc.
President
(416) 366-2428
Website: www.ecu.ca



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MessageYoop la boom +118% de ressources inferred !!!
par g.sandro Mer 10 Déc 2008 - 23:56

Les tableaux complets via le lien, le commentaire avec mes surlignages qui permettent de visualiser les aspects qui me semblent les plus notables

http://finance.yahoo.com/news/ECU-Silver-Significantly-ccn-13794382.html

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TORONTO, ONTARIO--(Marketwire - Dec. 10, 2008) - ECU Silver Mining Inc. ("ECU Silver" or the "Company") (TSX:ECU - News)
is pleased to report the results of its fourth National Instrument
43-101 ("NI 43-101") compliant mineral resource estimate (the "Resource
Estimate") on its Velardena District Properties in Durango State,
Mexico ("Velardena"). The results confirm a silver equivalent increase
in Measured & Indicated resources of 6% to 40 million ounces ("oz")
and an Inferred resource increase of 118% to 391 million oz of silver
equivalent.

NI 43-101 Resource Estimate:
----------------------------------------------------------------------------
Silver Equivalent Silver Equivalent
(Gold and Silver) (All Metals)
(ounces) (ounces)
----------------------------------------------------------------------------
Measured & Indicated 36,486,000 39,706,000
Inferred 248,109,000 391,024,000
----------------------------------------------------------------------------

We plan to complete and file a technical report for the
Resource Estimate on SEDAR within 45 days of this press release. The
Resource Estimate, which was audited by MICON International Limited
("MICON"), is outlined in more detail in Tables 1, 2 and 3 below.Michel
Roy, the Chairman and CEO of ECU Silver stated, "Our objective in our
recent exploration campaign was to convert some of our Mineral
Potential into the Inferred category. This was successfully done and we
now have an inferred mineral inventory of 391 million oz and measured
and indicated of 40 million oz of silver equivalent establishing
Velardena among the larger silver and gold projects in Mexico. This
increase in our mineral resources is the largest in the history of the
Company. After only three and a half years, our exploration team has
increased our mineral inventory by over 18 times."
Stephen
Altmann, the President of ECU Silver added that, "The growth of our
mineral resource has shown remarkable advance. Exploration efforts at
Velardena have consistently yielded excellent results with several
veins still open laterally and at depth.
It is worthwhile to note that
about 66% of our mineral inventory is comprised of precious metals. The
high content of both gold and silver highlights the significance of
this resource as a primary precious metal project."Many of the
veins and vein packages at Velardena have demonstrated reliable
evidence of lateral continuity in both directions and at depth.
We are
able to quantify this additional potential by providing an estimate of
mineral potential ("Mineral Potential") which has been reviewed by
MICON (refer to Table 4 below for additional details).- Mineral Potential: 569,524,000 to 930,400,000 ounces of silver equivalent.This
Mineral Potential has been estimated on a silver and gold basis only
and does not include any silver equivalent estimates derived from base
metal values. ( ça c'est la gratte en plus du plus)
A mineral potential is not a mineral resource, is
conceptual in nature and must be stated as a range since it cannot be
estimated to the same accuracy as a mineral resource. Disclosure of the
Mineral Potential is compliant with NI 43-101 disclosure requirements
and reflects the potential lateral and downward extensions of veins
identified in the Resource Estimate.The Mineral Potential
differs in two ways from what we last reported. First, it decreased
from the last reported results due to our success in converting certain
zones of Mineral Potential into the Inferred category. Second, it
increased as new veins and areas within Velardena were added to Mineral
Potential.
ECU believes that the potential to increase mineral
resources at Velardena continues to be substantial.
While the Mineral
Potential is not included in the Resource Estimate
, MICON has reviewed
and approved the conceptual nature of the Mineral Potential.The
material increase in the Resource Estimate and the Mineral Potential
was based solely on veins included in this resource estimation and does
not incorporate other known veins identified
through historical data
within Velardena, nor does it include the mineralized skarns.
Insufficient data has been collected to estimate mineral resources in
these other veins.The Resource Estimate is based on 46 veins and
includes the sum of mineral resources from the main Velardena Property,
the Chicago Property and 50% of the joint venture San Diego Property.
All of these properties are within close proximity to each other.
Additional veins at Velardena, which are well known and have been
identified through surface sampling and/or underground workings,
require further evaluation. Also, a number of veins have not been
included because current assays did not meet the cut-off criteria.
Furthermore, it is anticipated that more veins exist in the Velardena
Properties based on past geological mapping.A cut-off value of
US$45 per tonne (166 grams per tonne) was used for the narrow veins and
was based on information derived from previous mining activities on the
main Velardena Property. A cut-off value of US$25 per tonne (92 grams
per tonne) was used for the bulk tonnage vein packages and was based on
previous bulk mining tests completed by ECU Silver. In determining the
silver equivalent value, the Net Smelter Return ("NSR") value was
calculated for each commodity based on metallurgical recoveries from
the most recent tests and contracts for mineral concentrates produced
from the mining activities on the Velardena Property.Past
resource estimates in respect of the Velardena Properties have been set
out in previous N.I. 43-101 technical reports as summarized in Table 5
below.The qualified persons within the meaning of NI 43-101
responsible for the evaluation of the Resource Estimate are William J.
Lewis, B.Sc., P. Geo., a senior geologist with MICON based in Toronto,
Canada, and Michel Roy, P. Geo., the Chairman and CEO of ECU Silver.The Company would like to thank MICON for their efforts and guidance in preparing the Resource Estimate.Cautionary Statements:Readers
are cautioned that there are no assurances that all or any part of the
Resource Estimate or that all or any part of the Mineral Potential will
be economically viable and although the information in this press
release is based on the best available data the Company has collected
to date, a material difference between the actual results and the
Company's expectations may arise once further exploration is completed.Until
a prefeasibility study is completed, there are no assurances the
release of an updated mineral resource will be economically viable.The
mineral potential of the Velardena District property is 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.About ECU SilverECU
Silver Mining Inc. is focused on the exploration, development and
mining of precious and base metals at its Velardena District Properties
in Durango, Mexico. The area is comprised of three properties, the Main
Velardena Property, the Chicago Property and the San Diego Joint
Venture Property. The properties contain a measured and indicated
mineral resource of 40 million silver equivalent ounces and an inferred
mineral resource of 391 million silver equivalent ounces. ECU's mission
is to become a pre-eminent silver and gold producer through the
development of existing and additional potential resources in the
Velardena district. ECU Silver is listed on the Toronto Stock exchange
under the symbol ECU.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.



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Messagevisiblement...il n'y a pas que moi que ça excite
par g.sandro Jeu 11 Déc 2008 - 1:33

My largest holding, ECU Silver (98 cents Cdn, up 4 cents), came out with a
bomb shell of a spectacular report and the market yawned…


Mineral Resource Estimate Highlights - Measured & Indicated Resources of
40 million oz silver equivalent. - Inferred Resources of 391 million oz silver
equivalent.
http://www.marketwatch.com/news/story/ECU-Silver-Significantly-Increases-NI/story
.aspx?guid=%7B1142C15C-02A7-4A31-AA6A-A5EC5F0BE643%7D



***
Unreal, and that is WITHOUT the mother load massive sulfide below which
produced this already humongous resource
. Mexico Mike sees it this way…
Hi Bill!
When people speak of the crazy market that we have been through
this year for the resource sector, I will just think of ECU Silver and how it
has traded in recent months. This is a company that was near bankrupt a few
years ago, and operating a mine that had very limited resources, in a setting
that was so challenging that few people believed it could ever make money. One
successful exploration program after another has since transformed the story to
where it now stands as one of the largest silver deposits in the world. However,
like most of the other junior mining stocks, it has been all downhill for the
share price.

When ECU first announced the total resources had risen above
100 million silver-equivalent ounces it was a big deal. But there were still
analysts who questioned the viability of the project and doubted the integrity
of management. Then the company found a whole lot more gold and silver, and
updated the resources to over 200 million ounces, an accomplishment that very
few companies anywhere in the world could match. And still ECU could not get
much respect from the investment community. With this latest report issued
today, the total resources have now doubled yet again, now amounting to about
431 million silver-equivalent ounces. And there is still a great potential to
more than double the resources of the project one more time as the mineralised
zones remain open to further expansion and the company has only recently begun
to target the bulk tonnage potential of massive sulphide lenses at
depth.

Despite all of this success at the end of the drill bit, ECU
shares traded yesterday below a buck. The contrast between the performance of
the company and the performance if its stock is astonishing. Management has been
telling the market for years that they have something special at their Velardena
project, and they have gone ahead to deliver exactly what they promised,
significantly outperforming the rest of the sector in terms of discovery
achievement. Yet the stock has been pounded and none of that success has
generated lasting value in the trading.

This has been a decade of
extremes. It took years for all the bad decisions and poor management from the
financial sector to be priced in by the market, and those stocks have crashed
this year. I am hoping that we have just endured a similar delay for all the
good work at ECU to be priced in with a steep recovery. I have remained an
optimist throughout this nasty countertrend bear market for the juniors. I
believe that the good companies with real projects will recover and go on to set
new highs. I cannot think of a single other company in the world that has been
able to confirm 200 million ounces of new resources in just a year. If this does
not gain some well-deserved exposure and respect for ECU, then nothing
will.

At some point investors will have to just decide that the market
has been irrational and difficult but the world is not coming to an end. All
stocks, good and bad, eventually find fair value in the market, it just takes
longer than we are prepared to wait sometimes. The fundamentals eventually
matter. Investors can buy silver ounces in the ground for about 50 cents by
owning ECU
. There are a whole hell of a lot of silver ounces awaiting
development at Velardena
and this has to be attractive for any senior producer.
The universe is shrinking for high quality, large deposits located in safe
countries. Exploration has slowed and it is unlikely that more exciting new
discoveries will be reported for a while. So the larger producers who must
complete acquisitions soon to replace depleted reserves are going to have become
more active soon.

I fully expect that in the months ahead, I will be
sending my comments to the Cafe to discuss a takeover offer for Velardena. The
stakes have gone too high now for this project to be overlooked indefinitely.

I have given up trying to call a bottom for this sector. Having owned ECU for
about 5 years now, and after riding that roller coaster all the way up and then
back down to where we are today, I can only say that I am very confident that I
will one day look back and realise it was worth the wait. I think the project is
worth a multiple of the current share price, and I fully expect that
fundamentals will still be relevant over time, and that ECU shares will trade at
levels that make the current price look stupid cheap.
The only variable left is
time and I can wait as long as it takes for this sector to get right-side up
again.

Congratulations to ECU management and to the shareholders that
have believed in the potential throughout this ugly
market.
cheers!
MexicoMike
[/b][/b][/b][/b][/b]



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Dernière édition par g.sandro le Mar 27 Jan 2009 - 19:00, édité 1 fois

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Message2 news sur les réserves et les ressources
par g.sandro Mar 27 Jan 2009 - 18:55

http://biz.yahoo.com/ccn/090126/200901260508397001.html?.v=1


et surtout

http://biz.yahoo.com/ccn/090127/200901270508448001.html?.v=1


extrait:
Citation :
The new Resource estimate establishes the San Diego Deposit as a new
major deposit on the Velardena Mine trend. The resources contain very
significant metal content (Table 1) with continuing potential for
expansion.Table 1: Estimated Contained Metal in Resources on the
San Diego Property, Mexico; Golden Tag Resources/ECU Silver Mining
Joint Venture.
Indicated Resources:.............. ...............Inferred Resource:
- 2.92 Million ounces of silver, ............. - 76.47 Million ounces of silver,
- 4,000 ounces of gold,....................... - 93,000 ounces of gold,
- 14.71 Million pounds of lead,............. - 876.45 Million pounds of lead
and.................................................. and
- 10.84 Million pounds of zinc. .............- 1.05 Billion pounds of zinc.


Additional Mineral Potential:"Micon believes that the
land package within the San Diego project is highly prospective both
along strike and down dip of the existing mineralization and that
further resources could be discovered with additional exploration and
development".


The San Diego Property is estimated to have additional
Mineral Potential, as extensions at depth to known mineralized areas,
representing an additional:
173.5 to 389.5 Million ounces of silver Equivalent
t je plane pour toi In
line with current NI 43-101 requirements, additional mineral potential
must be stated as a range of figures. The minimum and maximum potential
estimated at the San Diego is based on the possible extension at depths
of 200 m (minimum) and 400 m (maximum) below the actual current limit
of mineralization outlined for each of the mineralized zones. The
possibility that additional veins and/or zones may be discovered at the
San Diego project remains very strong, as well. Previous drilling
campaigns have demonstrated the existence of a number of hidden veins
and/or zones which do not have a surface expression and are only
discovered through a sustained exploration effort.The additional
mineral potential of the San Diego property is conceptual in nature and
there has been insufficient exploration conducted at this stage to
define a mineral resource for these areas. It is also uncertain if
further exploration will result in targets being delineated as mineral
resources.


je plane pour toi

la news sur le site d'ECU

http://www.ecu.ca/s/NewsReleases.asp?ReportID=335858&_Type=News-Releases&_Title=ECU-Silver-Files-new-NI-43-101-Technical-Report-on-its-Velardea-District-Pr...



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Message1 pas de +vers l'indépendance de prod par achat d'1 unité de raffinage
par g.sandro Jeu 29 Jan 2009 - 13:10

ECU Silver Mining Inc. ("ECU" or the "Company") (TSX:ECU) is pleased to
announce that it has entered into a non-binding letter of intent with
Hecla Mining Company ("Hecla") for the acquisition of a 500 tonne per
day ("tpd") gold and silver recovery plant located adjacent to ECU's
properties near the town of Velardena, in Durango, Mexico (the "Mill").
The proposed transaction is subject to ECU and Hecla executing a
definitive purchase and sale agreement for the Mill. In order to fund
such acquisition, ECU has entered into an agreement to proceed with a
bought deal offering of subscription receipts by way of short form
prospectus for gross proceeds of $17,500,000.

Acquisition of Gold and Silver Plant

ECU has entered into a letter of intent with Hecla, whereupon ECU will
acquire the Mill in consideration of a cash payment of US$8,000,000 and
the issuance by ECU to Hecla, by way of private placement, of 750,000
common shares of ECU. If issued, the resale of the ECU common shares by
Hecla will be subject to certain quantitative restrictions over and
above the four-month hold period that applies under applicable Canadian
securities legislation.

The Mill is a conventional cyanide leach, Merrill Crowe precipitation
circuit. It is ideally suited to process ECU's oxide material and
gold-pyrite concentrate inventory. The Company expects to generate a
gold and silver precipitate or dore bars from the Mill, either of which
can be sold to a third party refinery. The Mill has a capacity to
process mineralized material up to 500 tpd. The Company initially
expects to process high grade mineralized material at an average rate
of 300 tpd. The Company has reported oxide resources of 1,075,000
tonnes in the measured and indicated category and 379,000 tonnes in the
inferred category.

"The Mill is located only two kilometres from the Company's Santa Juana
mine site and immediately adjacent to its Chicago Property. The close
proximity of the Mill to ECU's mining operations will give the Company
a significant advantage with respect to transportation. In addition, we
have trained personnel and mining equipment already in place," stated
Michel Roy, the Chairman and CEO of the Company.

Stephen Altmann, the President of the Company, added that "The
acquisition of this plant will provide ECU with a near-term opportunity
to generate cash flows from both gold and silver without the need to
enter into smelter contracts."

The acquisition by the Company of the Mill (the "Acquisition") is
subject to (i) the execution of a definitive agreement acceptable to
each of the Company and Hecla, (ii) the completion by the Company of
its due diligence review of the Mill, (iii) the receipt of all
requisite third party consents and approvals, and (iv) the approval of
the Board of Directors of the Company.

Offering of Subscription Receipts

Furthermore, ECU announces that it has entered into an agreement with a
syndicate of underwriters (the "Underwriters), led by Blackmont Capital
Inc. and including TD Securities Inc., whereby the Underwriters have
agreed to purchase, on a bought deal basis, 25,000,000 subscription
receipts of the Company (the "Subscription Receipts") at a purchase
price of $0.70 per Subscription Receipt (the "Issue Price") for
aggregate gross proceeds of $17,500,000 (the "Offering").

Each Subscription Receipt will entitle the holder thereof to receive,
concurrent with the completion by the Company of the Acquisition, one
common share of the Company and one common share purchase warrant (a
"Warrant"). Each Warrant shall entitle the holder thereof to acquire
one additional common share of the Company (a "Warrant Share") at a
price of $0.95 per Warrant Share at any time until the date that is
five years after the date of the closing of the Offering. Upon the
closing of the Offering, 100% of the gross proceeds of the Offering
less a portion of the commission payable to the Underwriters will be
deposited in escrow (the "Escrowed Funds"). The Escrowed Funds, less
the balance of the commission payable to the Underwriters and the
US$8,000,000 cash portion of the purchase price payable by the Company
to Hecla in connection with the Acquisition, will be released to the
Company upon the closing of that transaction. If the Company has not
completed the Acquisition prior to 5:00 p.m. (Toronto time) on March
30, 2009, the Escrowed Funds, plus any accrued interest earned thereon,
shall be returned pro rata to each holder of Subscription Receipts in
exchange for that number of Subscription Receipts held by such holder.

In addition, the Company has granted the Underwriters an option,
exercisable within 30 days after the closing of the Offering, to
purchase from the Company for resale up to an additional 15% of the
Subscription Receipts at the Issue Price for additional gross proceeds
of up to $2,625,000.

The net proceeds of the Offering will be used to fund the US$8,000,000
cash component of the Acquisition, for initial working capital and
capital expenditures at the Mill, and for ECU's working capital and
general corporate purposes.

The Offering will be made by way of short-form prospectus filed in all
provinces of Canada and will be made in the United States to Qualified
Institutional Buyers through Rule 144A of the United States Securities
Act of 1933 and to certain accredited investors through Regulation D
and in other eligible foreign jurisdictions pursuant to applicable
private placement exemptions under applicable securities laws in such
jurisdictions.

The securities offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an applicable exemption from
registration requirements.

The Offering is scheduled to close on or about February 18, 2009 and is subject to acceptance by the Toronto Stock Exchange.



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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par marie Mer 1 Avr 2009 - 17:26




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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par marie Sam 25 Avr 2009 - 21:51

une étude récente et très "pro" écu .. qui rebondit d'ailleurs bien, ces derniers jours ds de beaux volumes

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=26871246&l=0&r=0&s=ECU&t=list



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MessageECU Silver Mining Inc.
par g.sandro Ven 24 Juil 2009 - 20:32



  • Press Release

  • Source: ECU Silver Mining Inc.
  • On Monday July 13, 2009, 7:34 am EDT



[*]Print
[/list]




TORONTO, ONTARIO--(Marketwire - July 13, 2009) - ECU Silver Mining Inc. (TSX:ECU - News) reports on dore bar fabrication for the month of June.










In the month
of June, our operations treating the oxide resource generated 32 dore
bars with a total weight of 685 kilograms (kg). Our assays of the dore
bars indicated that they contained a total of approximately 542 ounces
of gold and 14,406 ounces of silver. To date we have generated 150 bars
with a total weight of 3,071 kg containing 1,704 ounces of gold and
61,248 ounces of silver.The amount of dore bars and the total
weight for June was lower than that generated in the month of May due
to a planned shutdown of the mill during June. We are planning to
introduce higher grade gold material into the mill and the shutdown was
initiated to make modifications to the mill to improve recoveries of
this gold rich material.Productivity of the oxide operations was
excellent as we averaged 451 tonnes per day (tpd) during the 19
operating days of June versus last month's average production of 408
tpd. The maximum milling rate for the month of June was 549 tpd versus
the 493 tpd achieved in May.Dore shipments continue on a regular basis with the first of July's shipment having been made recently.



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Messageécu :+14.29 % ds de gros volumes
par marie Mar 13 Oct 2009 - 22:36




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MessageECU SILVER MINING – STILL AN EXTRAORDINARY OPPORTUNITY Adrian Douglas
par g.sandro Mar 20 Oct 2009 - 8:59

ECU SILVER MINING – STILL AN EXTRAORDINARY
OPPORTUNITY

Adrian Douglas
Exactly three years ago in October 2006 I wrote an in-depth article on ECU
entitled “ECU Silver Mining – An Extraordinary Junior Mining Company” and you
can read the article here.
An update to the article was written in July 2008 which you can find here.

The theme of the articles was to demonstrate how out of the ordinary, indeed,
“extraordinary” ECU Silver Mining Company was compared to its peer junior mining
companies and how undervalued it was. What is truly extraordinary is that three
years later the fundamental value of the company has increased dramatically yet
it is trading at 28% of its very under-valued price of 2006! They say
opportunity never knocks twice but in my view not only is the ECU opportunity
knocking for a second time but it is an even better opportunity than the first
time it knocked!
After an interview with Michel Roy, CEO of ECU Silver Mining I would like to
review some of the changes from 2006 to 2009 to demonstrate what an
extraordinary opportunity ECU still presents for investors.

43-101 Compliant Resource Inventory
In October 2006 the Measured, Indicated and Inferred resources stood at 100
Million ounces of silver equivalent. It now stands at 431 Million ozs, an
increase of 331%
In 2006 the potential category was 33-55 Million ozs silver equivalent, today
it is 570-930 Million ozs of silver equivalent, an increase of 1,590%. It should
be noted that the criteria now used makes the potential category not too far
away from being able to be upgraded to become “inferred” resources.

Production
In 2007-2008 the company diverted most of its efforts away from production
toward exploration. Its small production facility was mainly used as a pilot
plant to experiment and fine tune laboratory testing in order to determine the
ideal processing procedures and to make small scale tests for bulk mining.
In 2006 the company produced 678 ozs of gold and 304,486 ozs of silver during
the year. This gives a monthly average of 57 ozs of gold and 25,373 ozs of
silver. This equates to 38,400 ozs of silver equivalent on average per
month.
The company re-purchased an oxide mill earlier this year, which it had sold
to Hecla in 2001. It was able to get this plant up and running very quickly. In
2006 the company was only mining sulfides and the output from the sulfide mill
was concentrates which needed to be further processed by a third party smelter
to extract base metals and precious metals. The smelting costs were high and
reduced the operational profit. The oxide mill produces dore bars of high gold
and silver content that can be sold directly to a refiner with no requirement
for smelting.
ECU has been ramping up the new oxide mill and trying to optimize the
recoveries. In September the company produced 702 ozs of gold and 13,744 ozs of
silver. That equates to 61,100 ozs of silver equivalent, an increase of 60% over
the average for 2006.
The mineral material being processed has increased from an average of 210 tpd
in 2006 to 530 tpd in October 2009, an increase of 152%.
The company continues to expand the throughput of the mill and to make
improvements in metal recoveries. Currently there are 29 mining crews operating
in the mine and this will shortly be increased to 39.

Profitability
In Q4 2006 the company reported a net loss of $7.6 Million. It should be
noted that Q2 2006 was the first ever profitable quarter for the company. It is
highly likely that Q4 2009 will be profitable for the company. Looking at the
projected expansion of production the company should be able to generate profit
margins well in excess of 30% in 2010 without factoring in any increase in the
costs of precious metals.
It should be noted the extraordinary difference between ECU and most of the
junior explorers. ECU has resources of 431 Mozs with a potential to exceed 1.3
Billion ozs. For most other juniors when such a resource is proved up they would
need to invest $500 million dollars or more to construct a mine. The ECU
properties have existing mines in place that were acquired from the previous
owners and the exploratory work has been to successfully discover and define
more mineral material both laterally and at depth. These additional mineral
resources are accessible and able to be mined by expansion of the current mine
infrastructure. Most junior explorers have to assume large debt burdens to take
a discovery to production and it typically takes years to reach profitable
production. ECU has less than $25 Million in long and short term debt and is in
a strong position to deliver free cash flow to fund its expansion and
growth!

Mineralized Systems
Up until 2006 ECU resources were contained in thin mineralized veins that did
not lend themselves to bulk mining. But the discovery of a massive “mineralized
corridor” comprised of mineralized stockwork zones has opened up the potential
for bulk mining which could transform the company’s production capacity leading
to much higher revenues and profits. The company is finalizing a scoping study
in this regard.

Sustainability
In 2006 ECU was establishing a large mineral resource but was spending cash
to do so. When the credit crisis hit in 2008 the company changed its focus. It
aggressively switched from exploration to production. The company is now
generating more revenue than its costs and does not plan to dilute its
shareholdings by any equity financing. It plans to grow organically and fund its
future exploration and development from operational profits. This gives the
company a significant differentiation from its peers, most of which depend on
debt or equity financing for sustaining their operations.

Metals Prices
In October 2006 the gold price was $600/oz while in October 2009 it is
$1050/oz, an increase of 75%.
In October 2006 the silver price was $11.90/oz while in October 2009 it is
$17.5/oz, an increase of 47%.

Exploration Potential
In October 2006 there was a strong geological model that suggested that the
massive sulfides in two deep skarns could be the source of the mineralization
that is found in the shallower vein systems throughout Velardena. In 2008 some
drilling was performed to test the model. Two very large intercepts were made of
high grades:
· 3.66 g/t Au, 295 g/t Ag, 7.87% Pb and 12.07% Zn over core length of 12.04
metres (40 feet).
· 7.90 g/t Au, 550 g/t Ag, 11.25% Pb and 27.68% Zn over core length of 1.75
metres (6 feet).
You can read the press release here.
Unfortunately due to a depth capacity limitation the drilling equipment was
unable to cross the entire target zones. The size and grades of these intercepts
suggests that some astonishingly large and high grade resources are lying at
depth. These grades and widths are like nothing found anywhere else on the
property! The assays revealed silver and gold content was increasing with depth.
While more exploration work is required the chances of making a major high grade
discovery that has long been postulated to be the biggest exploration jewel of
the Velardeña property have significantly increased since my article of October
2006.

ECU Stock
In October 2006 there were 213 Million shares outstanding while to date there
are 283 Million, an increase of 33%.
In October 2006 ECU was trading at C$2.65 while currently it is C$0.75.
In October 2006 ECU was selling for C$5.6 for each ounce of measured,
indicated and inferred (MI & I) silver in the ground; that equates to 42% of
the above ground spot price of silver. Today it is selling for C$0.49 for each
ounce of measured, indicated and inferred (MI & I) silver in the ground;
that equates to 3% of the above ground spot price of silver!

Extraordinarily Undervalued!
When all the characteristics of ECU are taken into consideration it appears
to be extraordinarily undervalued:
- ECU is operating in Mexico which has a low political risk and is
traditionally mining friendly
- Very competent and experienced management for both exploration and
production activities
- A massive increase of M.I. & I resources to 431 million ozs silver
equivalent has been achieved
- Almost 1 billion ozs of silver equivalent is logged in the “potential”
resource category
- Daily mineral processing has increased by 152% and is still being ramped
up
- Recovery of metals from the feedstock has been optimized
- Oxide mill output is dore bars that eliminate any need for high cost
smelting
- ECU is now generating revenues that are significantly above the operating
costs bringing sustainability to the company to expand and grow without equity
dilution or taking on new debt
- Total debt burden is less than 25 million dollars
- Possibility to move to bulk mining in the future pending conclusions of a
scoping study that is nearing completion
- Still the opportunity for a “bonanza” high grade discovery in the deep
massive sulfides as the source of higher level mineralization
- The company is selling for US47 cents/oz of M.I. & I silver in the
ground! Traditional valuation of mining companies when silver was around $12/oz
was in the range $2-$4 per oz in the ground
When all the progress that has been achieved by ECU since my article exactly
three years ago is considered it is unbelievable that the stock is trading 72%
less than it was then! As the precious metal bull market gets into full gear
investors will come pouring into the junior mining sector like a modern day gold
rush. They will be hunting out companies like ECU that are priced at bargain
basement levels with a very low risk profile. This extraordinary opportunity may
not last for very much longer because markets over time price all things in line
with their value. For the time being though ECU is an extraordinary junior
mining company that is extraordinarily cheap!
Adrian Douglas
October 18, 2009
www.marketforceanalysis.com

Market Force Analysis is a unique analysis method which
provides reliable indications of market turning points and when is a good time
to enter, take some profits or exit a market. Subscribers receive bi-weekly
bulletins on the markets to which they subscribe.

For full disclosure I am pleased to say that I am a long
standing share holder of ECU. This article has not been commissioned by ECU and
I have not, nor will I, receive any compensation for writing it. Mineral
exploration is a tough business with many risks involved; please factor your own
risk tolerance into any investment decisions.



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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par marie Ven 30 Oct 2009 - 22:42

nouveau communiqué d'écu, commenté par A Douglas

www.lemetropolecafe.com


Speaking of GATA supporters…
ECU Silver Highlights New Assays From Development Work

Bill,
ECU came out with a press release today.
http://finance.yahoo.com/news/ECU-Silver-Highlights-New-ccn-3644171160.html?x=0&.v=1
They have been drifting on level 19, the deepest mining level at Santa Juana and they reported the following:
QUOTE
Assays, taken every three metres along the drifts, returned an average of 12.7 g/t gold and 305.4 g/t of silver over 0.62 m for a total length of 531 m
END
Notice the very high gold grade. This is approaching ½ oz per tonne (there was an assay up to 6.5 ozs per tonne). In my recent article
http://www.lemetropolecafe.com/pfv.cfm?pfvID=8156
which gave an update on ECU progress I discussed the exploratory drilling that had entered the deep massive sulfide skarns in 2008:
QUOTE
The size and grades of these intercepts suggests that some astonishingly large and high grade resources are lying at depth. These grades and widths are like nothing found anywhere else on the property! The assays revealed silver and gold content was increasing with depth. While more exploration work is required the chances of making a major high grade discovery that has long been postulated to be the biggest exploration jewel of the Velardeña property have significantly increased since my article of October 2006.
END
These massive sulfides are considered to be the source of the mineralization of the shallower veins at Velardena which is supported by the fact that veins get larger with depth and the precious metal grades increase. Now this latest data shows high gold grades and this is still several hundred meters above the skarns. My view is that there is a very significant high grade gold discovery to be made at depth. This latest information and initial drilling into the skarns is show increasing gold grades that already would be very attractive gold grades for most gold miners but if the grades continue to increase with depth to the mineralization source then the potential exists for a large deposit of unusually high gold grades.
ECU offers an extraordinary investment opportunity because they have mitigated the majority of risks that are associated with 95% of juniors miners: They have 431 million ozs of silver eq resources 43-101 compliant, they now have profitable production so they will not be cash starved or need to dilute equity to stay in business as most juniors do, they have only 25 M$ of debt, they have almost 1 billion ozs of "potential" resources which does not include the deep massive sulfides and skarns. They have established mineral assets and a revenue stream and they still have a massive exploration potential. In any risk business it rarely gets any better than that!
Cheers
Adrian



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MessageECU Silver Enters into Agreement to Sell Its Gold Concentrate to an International Commodities Trading Company
par g.sandro Mar 13 Juil 2010 - 19:23

ECU Silver Enters into Agreement to Sell Its Gold
Concentrate to an International Commodities Trading Company




http://finance.yahoo.com/news/ECU-Silver-Enters-into-ccn-1248937684.html?x=0&.v=1

Citation :

Press Release
Source: ECU Silver Mining Inc.

On Tuesday July 13, 2010, 11:38 am EDT


TORONTO, ONTARIO--(Marketwire - July 13,
2010) - ECU Silver Mining Inc. (TSX:ECU - News) is pleased to
announce that it has entered into an agreement with one of the world's
largest independent commodities trading companies to sell ECU's
pyrite/gold concentrates. The gold/pyrite concentrate will be shipped
and processed at a metallurgical plant in United States, owned by an
internationally recognized mining company.The terms of the
agreement are for ECU to deliver an initial 10,000 tonnes from its
gold/pyrite concentrate, currently stockpiled near its Velardena
Property in Durango, Mexico at a rate of 1,500 to 2,000 tonnes per
month, equivalent to approximately 965 to 1,285 ounces of gold per
month. ECU plans to immediately commence delivery of its gold/pyrite
concentrate.Michel Roy, Chairman and CEO of ECU said, "This is a
very important step for the Company as our mineral resource has a very
substantial gold content. The metallurgical viability of our gold/pyrite
concentrate has been further demonstrated through our agreement with a
well established commodity trading company with formidable insights and
knowledge of the mining sector."ECU currently has a stockpile of
gold/pyrite concentrates of approximately 12,900 tonnes containing
approximately 8,500 ounces of gold. In addition, at full capacity, the
Company's 320 tonne per day ("tpd") sulphide plant is capable of
generating gold/pyrite concentrates at an annual rate of approximately
23,000 tonnes, equivalent to approximately 14,800 ounces of gold per
year. The Company is completing an economic study which contemplates
increasing sulphide milling capacity by almost five times by way of the
construction of a new 1,500 tpd plant.
Stephen Altmann, President added, "The terms of this agreement are
significantly better than several past offers that we have received for
our gold concentrate. The sale of the gold concentrates will immediately
add to ECU's cash position, since ECU will be selling its stockpile of
gold/pyrite concentrate where the costs to mine these concentrates were
incurred in previous years."



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MessageECU Silver Discovers New Vein on the Chicago Property
par g.sandro Jeu 2 Sep 2010 - 1:46

http://finance.yahoo.com/news/ECU-Silver-Discovers-New-Vein-ccn-2897991597.html?x=0&.v=1


ECU Silver Discovers New Vein on the Chicago Property


Press Release
Source: ECU Silver Mining Inc.

On Tuesday August 31, 2010, 3:00 am EDT


TORONTO, ONTARIO--(Marketwire - Aug. 31, 2010) - ECU Silver Mining Inc. (TSX:ECU - News)
is pleased to report on the first of two newly discovered veins on the
Chicago Property. As reported in the press release dated August 25,
2010, ECU identified two new veins plus a high grade extension of the
known Gambusinos Vein, all within the Chicago Property. Recently, a
drift was opened along the first of the newly discovered veins, named
the Escondida Vein, over a total length of 195 metres (640 feet). The
Company has received assays for the first 165 metres (540 feet) which
graded an average of 7.21 grams per tonne (g/t) gold (Au), 346 g/t
silver (Ag), 6.55% lead and 7.45% zinc over an average width of 0.33
metres (1 foot). Assays were based on 50 cuts separated by approximately
3 metres (10 feet) each, with the best cut grading 39.73 g/t Au, 618
g/t Ag, 7.25% lead and 6.39% zinc over an average width of 0.30 metres
(1 foot).The Escondida Vein lies within a vein system that is
known to extend over 1,300 metres (4,265 feet) in length and 850 metres
(2,790 feet) in depth, based on previous geological information. This
vein was not included in the Company's last NI 43-101 mineral resource
estimate.Michel Roy, Chairman and CEO stated; "We remain very
encouraged that the Escondida Vein will continue to show tremendous
continuity laterally and at depth, consistent with other veins in the
Chicago system."The Escondida Vein is similar to the other veins
found and identified in the Chicago area within a geological setting
similar to the geology and mineralization of the extensive Santa Juana
vein system, located within the adjacent Velardena Property. The veins
are polymetallic and rich in gold, silver, lead and zinc. The main
difference between the Chicago and Santa Juana mines is that the Santa
Juana veins strike NW-SE whereas the Chicago veins strike NE-SW.Michel
Roy, Chairman and CEO added; "The Chicago area continues to provide
excellent evidence in the potential for ECU to add significantly to its
current mineral resources."Cautionary StatementsReaders
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 SilverECU
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 NI 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 StatementsReaders
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.



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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par marie Mer 15 Sep 2010 - 17:19

écu commence à rentrer du fric avec les contrats de vente de ses concentrés de gold-pyrite

le marché apprécie ==>+8.96 % avec de TRES gros volumes

http://finance.yahoo.com/news/ECU-Silver-Begins-Receiving-ccn-3758430547.html?x=0&.v=1



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MessageECU Silver Opens New Mining Unit Along Major Vein (les 3P basculent 2 et 1?)
par g.sandro Sam 25 Sep 2010 - 3:31

ECU Silver Opens New Mining Unit Along Major Vein


(les 3P basculent 2 et 1?) on n'en est pas là officiellement, mùais quand je lis qu'un site, jusqu'ici considéré en réserves infered, ( ni prouvées (1p), ni probables (2p), mais juste Estimées possibles(3p) est mis en exploitation ET DONNE DES TENEURS 5 FOIS SUPERIEURES AUX ESTIMATIONS jusqu'ici considérées AVEC PRUDENCE comme 5 fois moindre si elles existent, je dis que c'est de la balle ce truc, ça fait un bail que je m'évertue à le crier, ceci n'est bien entendu que mon avis perso, mais je vous le redonne: elle est TRES en retard sur ses copines de classe, elle a des teneurs remarquables (et même fantastiques sur certaines sections), elle est polymetallique, ce qui est un vrai plus en termes d'optimisation des rendements par tonne extraite...et elle dispose de réserves ENOOOOORMES au regard de sa capitalisation (encore, et c'est une anomalie aussi criante que temporaire) symbolique...


http://finance.yahoo.com/news/ECU-Silver-Opens-New-Mining-ccn-521237137.html?x=0&.v=1

Press Release Source: ECU Silver Mining Inc. On Thursday September 16, 2010, 10:00 am EDT
TORONTO, ONTARIO--(Marketwire - Sept. 16, 2010) - ECU Silver Mining Inc. (TSX:ECU - News) is pleased to report on results from a new mining unit on the western extension of the Terneras vein located within the Velardena Property. This section of the Terneras Vein, which is host to reported "inferred" resources, has been opened and successfully developed. The average gold grades, in the section opened to date, are approximately 500% higher than the grades for the corresponding resource block used in the calculation of the Company's National Instrument 43-101 mineral resource estimate.The current underground development completed by ECU has opened the western extension of the Terneras vein over a length, to date, of 60 metres (197 feet) with 18 cuts yielding average grades of 3.55 grams per tonne (g/t) gold (Au), 84 g/t silver (Ag), 0.82% lead (Pb) and 1.52% zinc (Zn) over a width of 1.15 metres (3.77 feet). The grades in the cuts increased westerly along the drift with the best result yielding 27.19 g/t Au, 66 g/t Ag, 6.99% Pb and 8.10% Zn over a width of 0.80 metres (2.62 feet).In the last couple of months, ECU has opened workings in this area which had been interpreted as the western lateral extension of the Terneras vein. That interpretation was originally based on surface sampling, geological interpretation and a cut in drill hole BV-07-04 (press release dated August 29, 2007) that returned assays of 2.30 g/t Au, 3,130 g/t Ag, 15.4% Pb and 1.16% Zn over 0.40 metres (1.31 feet). The interpretation suggested that the Terneras vein had been displaced 150 metres (492 feet) to the south and could be followed laterally for another 700 metres (2,297 feet) to the west.
Michel Roy, Chairman and CEO of ECU stated, "The Terneras vein is one of the largest in the area and our work suggests this section of the vein continues for almost three quarters of a kilometre, which will make this area a very important mining unit for us. As witnessed in the Terneras vein, we are seeing a trend where we have opened several areas which contain mineral resources that are classified as inferred yet we have been successfully treating this material in our mills."The Terneras mine was the most important mine of the Velardena district over 100 years ago. From its inception in the late 1800's to its closing in 1922, it is estimated that over 1,700,000 tonnes were extracted and processed, from this vein alone, at the local smelter owned by Asarco Mining. The mine closed at the beginning of the Mexican revolution for security reasons.In those days, the Terneras vein was opened laterally over a length of 1,200 metres (3,937 feet) and a height of 630 metres (2,067 feet). The lateral limits of the workings corresponded to regional faults that displaced the east and west extensions which were not found in those days. Work done by ECU since 1997, has found both lateral extensions as well as demonstrated the continuity at depth.Stephen Altmann, President of ECU also stated, "We are pleased to see that our Velardena Property continues to show examples of strong vein continuity, particularly within previously identified inferred mineral resources. Furthermore, in the case of Terneras, adding a new mining unit, that is independent from the other three mining units currently in operation, adds to the flexibility of our general mine plan and brings us closer to our target of mining sufficient mineralized material to fill both mills to nominal capacity before year end."Cautionary StatementsReaders 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 SilverECU 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 NI 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.



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Messageun nouveau (et bien joli) film d'ECU
par g.sandro Sam 25 Sep 2010 - 22:10




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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par marie Dim 17 Oct 2010 - 16:06

un très interessant topo de Bill Murphy qui- pressé par les "cafés members, actionnaires d'écu- fait le point de la valorisation boursière d'écu.. et interroge son PDG Michel Roy

après l'avoir questionné dans le détail, Murphy indique en conclusion, qu'il ne change pas son avis sur écu.. et qu'il reste persuadé que le "marché" finira par percevoir sa valeur ..( 420 millions d'onces de silver
now et 1 milliard dans les années à venir) et la valoriser à son juste prix, qui dépassera largement le 1er objectif de 5 $ ..au fur et à mesure de l'envolée des cours du silver.

pour un certain qui, et sur un forum boursier très gd public, bien connu .. dénigre la valeur au motif de sa sousvalorisation manifeste, et du fait que comme la plus part des minières, elle est massivement vendue à découvert ..
je ne peux que renvoyer à notre file sur le sujet..où est abordé en détail le théme du "physique/ vs actions minières

en m'étonnant encore une fois de sa position sur le sujet..

puisqu'il considére de fait.. et que si les métaux continuent de s'envoler .. les vendeurs à découvert de titres miniers ne subiront pas le même sort que celui qu'ils subissent sur gold et silver ..


http://www.hardinvestor.net/les-hard-investors-f7/au-coeur-de-la-tourmente-des-opportunites-incroyables-se-font-jour-t8909.htm#39995

rappelons par ailleurs que Ecu est cotée au canada, et que les actionnaires qui ne tradent pas leur ligne, peuvent demander à la cie de mettre leurs titres au nominatif.. ce qui interdit aux brokers peu scrupuleux ( se méfier particulièrement des brokers us, luxembourgeois, à cet égard.. je vais pas donner de noms ) de préter leurs titres aux entités qui shortent l'action .

******************************

http://www.lemetropolecafe.com/dospassos.cfm?pid=8821



Bill Murphy on ECU Silver</FONT>
October 16, 2010
If I might say so myself, very few in the investment world have called the precious metals rise over the past decade like me and the rest of the GATA camp, especially over the past three months. Over those months, it was clear that silver had gone into "play" and was going to make a big move to the upside. This analysis was supported by the technical condition of the market, which was in the process of completing huge bases, conducive to supporting much higher prices. The weekly and monthly silver charts made that plain as day.
Unfortunately, my method of taking advantage of my silver analysis has been a bummer and disappointed a number of Café members who knew what I was up to and followed my lead. Veteran Café members know I am talking about the share price of ECU Silver, in which I made a huge bet and own more than a million shares.
Some history in brief. I visited ECU’s main Velardena mine back in 1999 and met Michel Roy, the main force behind ECU. The stock was at 20 cents or so. After a bit of a rally, it collapsed, going to ½ cent and actually didn’t trade for 6 months. Michel then became CEO, after a stint at running the geology aspects of the company, which he is so good at.
Michel began to hit one target after another and the stock ran to $3.65 Cdn. at one point. From thereon in it has been all downhill. Well at least for the stock price. Back then ECU had proved up 200 million silver equivalent ounces, with more big hits right around the corner.
My colleague, Adrian Douglas, who is as smart as they get, wrote the following report on the way up...
October 11, 2006
ECU Silver Mining - An Extraordinary Junior Mining Company
By Adrian Douglas


http://www.lemetropolecafe.com/Pfv1.cfm?pfvID=5671&SearchParam=ECU%20Silver

ou ici, en lecture libre

http://www.golddrivers.com/sponsors/GDSB/20061011%20ECU2.htm

***
Fast forward to today and ECU now has 420 million silver equivalent ounces to account for their efforts. Yet, the stock has collapsed to 71 cents, even while other silver stocks have risen 400% over the past 18 months. ECU can’t seem to get out of its own way.
It was bad enough a year ago when ECU was failing to begin to move with the other silver stocks, but the last couple of months have been beyond comprehension the way I saw it. At worst case, I expected ECU to soar when silver took out $20 per ounce. But no, NOTHING.
Extremely disturbed, I called Michel in an effort to get to the bottom of the problem. It was time to figure out what to do. Enough is enough. The choices were to switch into those silver stocks on the move, switch to another misunderstood dog that had not moved, move into more physical silver, or stay with ECU. Michel suggested he fly up from Mexico to Dallas and go over the ECU picture over lunch, which he did last week. This is a review of what we covered:
Basically the question is: "How can a stock be the darling of the market by going from pennies to $3.65 in three years, from 2003 to 2006, to a steady decline and now a dismal performance compared to other companies in the same industry?" What is different now?
From 2003 to 2006, ECU was an exploration company growing its resources with tremendous success in a good market. Every drilling program yielded good to excellent results on a weekly basis. ECU was a company for individual shareholders with most of the publicity surrounding the company being done by word of mouth and enthusiastic shareholders … especially by MIDAS.
In 2007, a collective decision based on market perception and the perceived need to involve "big players" was taken to shift from an exploration oriented company to a production based company. Although ECU had been producing irregularly since 1998, it was decided to focus on significantly increasing the production to reach a positive cash flow situation. They went through a series of technical problems, first with the sulfides because most of the value was in the gold/pyrite concentrates and then with the oxides as it took longer than planned to develop the mines as they had to create an entirely new infrastructure. They finished that evolution only recently when the sales finally started to pay for the operations and they got a buyer for their gold/pyrite concentrates.
Because of all the delays and a poor market at the beginning, the stock drifted from its heights even though they managed to clean up some pending legal issues, acquired the properties, found new zones etc. Now that the market is going up again, all, like myself, are asking why the big players aren’t moving on ECU? And why isn’t it going up by itself?
Michel explained to me the technical big players are looking at a lot of projects at the same time and some are discarding ECU because they think you cannot have a large production from thin veins. Michel said not so. The answer is that there certainly were a lot of extremely large mines with thin veins in South Africa. Yes, it would be difficult to have a mine in Canada or the US with 1,000 miners but not in Mexico due to cheap labor costs. Another angle is that a very large portion of ECU’s resources is in the category called inferred. Most players consider the inferred resources as having a low probability of becoming real. However, in ECU’s case as demonstrated a number of times, they normally get more in reality than expected by the resources numbers. To be more specific, ECU is generally only being credited for between 5% and 20% of their inferred number when the number is more likely to be 100%.
I asked Michel to elaborate…
"This has to do with the fact that whenever we have drifted into or mined areas that were classified as inferred resources; we always encountered more tonnes and/or better grades than the resources were suggesting. (see recent press releases of ECU dated May 17, August 25, August 31, September 16 and October 7) This has to do with the extraordinary continuity of the veins in the local mineralized systems, within the limiting dimensions of the geological systems, we ALWAYS find the main veins. The reason we have not been including a lot of those resources in a higher category (indicated resources) is that we have never been able to predict the grade with enough statistical accuracy even though we have been able to predict a minimum grade."
As for the funds, the analysis look at ECU’s balance sheet and immediately come to the conclusion that the company will be doing a financing tomorrow and investors are better to wait and participate in it. Some even start shorting the stock immediately after meeting with Michel, or President Steve Altmann, even if ECU insists it will not do any public financing. They do not realize that the Company has been living like that since 1999 and has made incredible progress over all those years with normally near to nothing in the bank account. For ECU, it is a way of living and it is probably the main reason they have one of the lowest operating costs per tonne for this type of operation.
I pressed Michel on ECU’s costs. He began to get into costs per tonne, which did nothing for me and my amateur mining analyst mind. I asked him if he could come back with costs per ounce, which he did today:

"Calculating the cost per oz is a more interesting number for the analyst but it is a very complex procedure if you want to do it correctly. Also there is two basic ways of doing it, the first which is used by most majors is to give a credit for the revenues from other metals that the one considered and the remaining cost is divided by production. For example a gold mine with 100% recoveries, .1 oz/t gold, 1 oz/t silver and $60/t cost will give you $400/oz gold as cash cost using silver at $20/oz. If you have credits from base metals, it would further reduce the cash costs. I think it is a totally wrong approach to calculating cost/oz but agree it is easier if you have a metal representing most of your revenues. My preferred way is to convert all (In our case we could give credits for base metals and convert gold in silver or vice-versa) the revenues in the metal you want to give your cash cost. For that you have to consider NSRs for all the metals, not the recoveries, and convert accordingly.
Using the converted numbers, from the database used by Micon but modified to remove the bulk mining in all veins including San Diego, we get new resources of 24Mt 2.42 g/t Au, 175 g/t Ag, 1.84% Pb and 2.22% Zn. Using recoveries obtained in metallurgical tests and current contracts (NSRs of 75% for gold, 62% for silver, 60% for lead and 40% zinc which can be improved, I am 100% certain), we would get between $5.25 and $6.29 total cost per oz for silver-eq. and $339 and $406 total cost per oz of gold-eq. If we were to use the credit method, we would be negative in both cases. Also that was calculated using prices of $1,087 for gold, $16.82 for silver, $0.90 for lead and $0.87 for zinc.
Using the converted numbers, from the database used by Micon but modified to remove the bulk mining in all veins excluding San Diego, we get new resources of 16.4Mt 3.48 g/t Au, 195 g/t Ag, 1.61% Pb and 1.97% Zn. Using recoveries obtained in metallurgical tests and current contracts (NSRs of 76% for gold, 64% for silver, 62% for lead and 41% zinc, which can be improved, I am 100% certain), we would get between $4.32 and $5.19 total cost per oz for silver-eq. and $279 and $335 total cost per oz of gold-eq. If we were to use the credit method, we would be negative in both cases. Also that was calculated using prices of $1,087 for gold, $16.82 for silver, $0.90 for lead and $0.87 for zinc."
My head is spinning, but that seems pretty good to me, outstanding actually.
As for the day to day moves in the stock, ECU has one large seller and several entities playing the stock for pennies, fully expecting that seller to fill their orders should they get caught short. A good example was last Wednesday. The day started with a left over 100,000 shares block for sale at $0.73 and the bids piled up to take it out, opening the way to go to much higher levels. Minutes before the opening, the one entity that always blocks the stock from going up, whenever he can, filled all the bids to push the stock down and continued to put pressure on the stock all day. Result, closed one penny down on the TSE but up everywhere else. It is a simple question of mathematics. ECU needs to keep the bids coming until the pressure is sufficient for the day to day players to either cover the short positions or start playing the stock upwards … in other words, blow the vulnerable shorts out of the water.
ECU has several strategies to do so: restart the exploration program by drilling the massive sulfides at depth since confirming any significant extension would bring the majors back at the table within hours; increase the revenues, net profits and production on a quarter by quarter basis; develop contacts with strategic partners, financial or technical; reevaluate the resources base to improve the quantity and quality of our resources.
Once again I asked Michel if he would elaborate…
"One fact that nobody denies is that the deepest intercepts in the Santa Juana veins system yielded extremely high assays over very good widths in massive sulfides. These generated more interest than most of the other achievements of the Company. The Company has now the financial and technical means to go back and drill the extensions of these intercepts as well as search for new ones nearby and intends to do so in the very short term. This will in no way slow the current production which the Company plans to increase at a steady rhythm and will generate a lot of interest in the mining circles as a confirmation of continuity would certainly justify the development needed to reach it for mining."
After speaking with Michel over lunch, it is my take that ECU will resolve the issues bothering analysts in the months ahead and the stock will do what it did in 2006 and then some. Once the analysts appreciate ECU really does have 420 million equivalent silver ounces and is VERY likely to firm up 1 billion ounces in the years down the road, they are likely to pour into this very undervalued stock. There is no reason not to think ECU will eventually have one of the largest silver mines in Mexico, which will certainly grab the attention of the majors over the next year.
Once the psychology changes, the share price is very likely to make a pretty fast run to $5, digest those gains, and then move on up from there. If silver does what I think it is going to do in the months ahead, the price of ECU should soar. With that in mind, I am standing pat and waiting for ECU to perform as I thought it would years ago.
NOTE: to be clear, this is not investment advice, but personal commentary on a company that I have invested in for more than a decade and which many Café members are shareholders.





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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par marie Lun 8 Nov 2010 - 18:18

écu n'en finit plus de s'envoler ..
encore +17% à 1.03 dans d'énormes volumes..
soit +53% depuis son plus bas tout récent de 0.67...

et dire qu'un certain la déconseillait formellement, tout récemment .. ( 3 semaines nous séparent de son dernier et toujours virulent post à ce sujet , un authentique et précieux indicateur contrarian )


en prime, une excellente nouvelle qui est tombée à l'ouverture .. et que le marché salue de plus belle

ECU Silver Uncovers New Mineralization at Santa Juana Mine



http://finance.yahoo.com/news/ECU-Silver-Uncovers-New-ccn-3796472525.html?x=0&.v=1

edit 19h11 : 1.07 $cad +21.59% avec un volume de 2.800.000 titres ... pour un volume moyen de 535.000 titres

edit 22h44:
cloture : 1.13 cad$ +28.41%



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MessageRe: Golden Minerals/ AUMN - fusion avec Ecu silver mining
par g.sandro Mar 9 Nov 2010 - 0:53

Citation :
http://finance.yahoo.com/news/ECU-Silver-Uncovers-New-ccn-3796472525.html?x=0&.v=1

Comme les liens ont une durée de vie assez variable et jamais éternelle, je mets le texte histoire de ne pas le perdre bêtement, car la nouvelle est d'importance.

ECU Silver Mining Inc. TORONTO, ONTARIO--(Marketwire - Nov. 8, 2010) - ECU Silver Mining Inc. (TSX:ECU - News) is pleased to announce that it has uncovered additional new mineralization in the upper levels of the Santa Juana mine located in the main Velardena Property.The A-2 vein was recently opened on level 15.5 over a strike length of 127 meters grading 4.90 grams per tonne (g/t) gold (Au), 386 g/t silver (Ag), 2.55% lead (Pb) and 1.72% zinc (Zn) over an average width of 0.86 meters, including a section that graded 10.47 g/t Au, 354 g/t Ag, 4.93% Pb and 6.39% Zn over 1.10 meters.The new mineralization was discovered in an upper level of the Santa Juana mine which currently extends from level 12 to level 19. The Company's NI 43-101 mineral resource estimate includes only a portion of the A-2 vein which was previously opened for only 40 meters. The reported portion was classified as measured resources grading 3.05 g/t gold, 240 g/t silver, 0.77% lead and 0.49% zinc over 1 meter. The remaining 87 meters are in addition to the reported mineral resources.Michel Roy, CEO and Chairman of ECU stated, "Once again this new resource block provides further evidence that we continue to open mineralized areas that prove to be either higher grade or larger widths or both, than what is reported in our mineral resource report. In this case, higher grades were realized plus an additional section that extends almost 70% beyond the reported mineral resource section. This new mineralization is in the heart of the developed area of our most important mining unit, Santa Juana."Cautionary StatementsReaders 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 SilverECU 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 NI 43-101 compliant mineral resource of 40 million silver equivalent (0.6 million gold equivalent) ounces in the measured and indicated category and 391 million silver equivalent (6.0 million gold 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.



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