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ECU
Silver Mining Inc. (TSX:ECU
- News) is pleased to
announce some of the results from its current development work, where the
Company has again recorded significantly higher grades from active stopes compared to the mineral resource grades calculated
for the Company's NI 43-101 resource report, in the same corresponding area.
Due to the consistency in the higher stope grades
versus resource grades at the Santa Juana mine, located in the main Velardena Property, the Company is attempting to
reconcile assays from mine production to mineral resource grades in this
area.
A
major vein in the Santa Juana mine, the C-1 vein, was recently opened on
level 19 and 39 samples were taken from the stope
face, which averaged 29.80 grams per tonne (g/t)
gold (Au), 819 g/t silver (Ag), 3.09% lead Pb and
3.40% zinc (Zn) over an average width of 0.51 meters. The best sample graded
85.31 g/t Au and 150 g/t Ag over 0.80 meters. These results are much higher
than the expected grades of 3.70 g/t gold (Au) and 173 g/t silver (Ag) over
1.27 meter that were calculated for the most recent NI 43-101 mineral
resource estimate report.
Michel
Roy, CEO and Chairman of ECU stated, "This consistent higher grading in
the production stopes has been reported in several
press releases of the Company in recent months. The Company intends to use
all this information to reconcile assays from production and assays from the
NI 43-101 resources report. The objective will be to evaluate the opportunity
of understanding whether revising the current resources merits producing a
new NI 43-101 compliant mineral resource report, that
would include the results of this reconciliation."
About
ECU Silver
ECU
Silver Mining Inc. is focused on the exploration, development and mining of
gold, silver and base metals at its Velardena
District Properties in Durango, Mexico. The Company holds a 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.
Cautionary
Statements
This
press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 27E of the Exchange Act. Such
statements include, without limitation, statements regarding the future
results of operations, performance and achievements of the Company, including
potential property acquisitions, the timing, content, cost and results of
proposed work programs, the discovery and delineation of mineral
deposits/resources/reserves, geological interpretations, proposed production
rates, potential mineral recovery processes and rates, the proposed
construction of a mill, business and financing plans, business trends and
future operating revenues. Although the Company believes that such statements
are reasonable, it can give no assurance that such expectations will prove to
be correct. Forward-looking statements are typically identified by words such
as: believe, expect, anticipate, intend, estimate, postulate and similar
expressions, or are those, which, by their nature, refer to future events.
The Company cautions investors that any forward-looking statements by the
Company are not guarantees of future results or performance, and that actual
results may differ materially from those in forward looking statements as a
result of various factors, including, but not limited to, variations in the
nature, quality and quantity of any mineral deposits that may be located,
significant downward variations in the market price of any minerals produced,
the Company's inability to obtain any necessary permits, consents or
authorizations required for their activities, to produce minerals from their
properties successfully or profitably, to continue their projected growth, to
raise the necessary capital or to be fully able to implement their business
strategies. All of the Company's public disclosure filings may be accessed
via www.sedar.com
and readers are urged to review these materials, including the technical
reports filed with respect to the Company's mineral properties.
The
Toronto Stock Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of the content of this Press Release.
Contact:
Michel Roy
ECU Silver Mining Inc.
Chairman and CEO
Torreon, Mexico
011 52 871 747 5750
Stephen Altmann
ECU Silver Mining Inc.
President
Toronto, Canada
(416) 366-2428
Mark Butler
ECU Silver Mining Inc.
Investor Relations
Toronto, Canada
1 888 513 3444
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