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Re: News Release - Monday, April 07, 2008
Confirmation of High Grade Silver-Lead-Zinc Values in Main Veins
at San Diego, Mexico
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Montreal, Quebec, April 7, 2008 - Golden Tag Resources Ltd.
(TSX-V:"GOG") ("Golden Tag") and ECU Silver Mining Inc. (TSX:"ECU")
("ECU") are pleased to report additional diamond drill hole results
from its exploration program at their jointly held San Diego property,
Durango State, Mexico.
Partial drill results from recent holes, SD-07-23 and SD-08-26, drilled
in the Eastern sector of the property continue to expand mineralization
as well as confirm high grade nature of the main Monta�ez, Cantarranas
Veins and subsidiary, El Jal Veins and Canta-Splay Vein.
In addition, recent sampling of old workings conducted on the Porvenir
Vein confirmed the high grade potential of this vein.
Results from drilling with true widths are reported in Table 1.
Highlights from drilling include:
Monta�ez Vein
The vein strikes ESE and dips 87�S and is hosted in the Hangingwall
portion of the Monta�ez Zone. It has been confirmed over a strike
length in excess of 600 metres.
.. 1,786 g/t Ag over 1.25 m (SD-08-26) with 6.38% Pb and 4.33% Zn
Cantarranas Veins
The vein strikes E-W and dips 80�S with a confirmed strike length of
400 metres.
.. 1,365 g/t Ag over 0.75 m (SD-08-26) with 21.40% Pb and 6.90% Zn; and,
.. 1,060 g/t Ag over 0.55 m (SD-08-26) with 14.95% Pb and 3.85% Zn
Canta-Splay Vein
This Vein is oriented ENE and dips 80�NW and is confirmed over a strike
distance of 350 metres.
.. 620 g/t Ag over 0.75 m (SD-08-23) with 1.73% Pb
El Jal Vein
The Vein trends NE and dips 60� SE with a confirmed strike length of
400 metres.
.. 933 g/t Ag over 0.22 m (SD-08-23) with 5.84% Pb and 1.74% Zn
And, underground sampling of:
Porvenir Vein
This Vein, located in the north-eastern corner of the property, is E-W
oriented and steeply dipping to the south and can be traced on surface
for over 100 metres.
.. 2,012 g/t Ag over 0.12 m with 1 g/t Au, 29.9% Pb and 4.3% Zn
Results from current drilling continue to be encouraging for potential
resource expansion and lie outside the current area of Resource
modelling. The holes confirm:
.. Further extension to the ENE for the Canta-Splay Vein (SD-08-23)
.. Further extension to 300 m below depth for both the El Jal Vein
(SD-08-23) and Cantarranas Veins (SD-08-26) as well as confirmation of
increasing metal grades with depth;
.. Presence of a very rich silver area within the Monta�ez Vein
(SD-08-26) located only 70 m below surface that can be linked to last
year's DDH SD-07-01 and -01A situated 120 metres to the west that
respectively returned grades of 3,680 g/t Ag over 0.75 cm with 7.85% Pb
and 10.9% Zn and, 1,395 g/t Ag over 0.55 cm with 14.8% Pb and 8.63% Zn.
.. High grade potential of the Porvenir Vein, an E-W oriented structure
(underground sampling).
The San Diego property hosts a well-developed pattern of high-grade
Ag-Pb-Zn tabular veins that show persistent continuity both along
strike and at depth. At least two main systems of Veins are recognized,
an E-W system that includes the Cantarranas, Rata and SD Veins and, a
NW-SE system that includes the Monta�ez, La Cruz and Trovador Veins.
The other veins on the property, the NE trending El Jal Vein and ENE
striking Canta-Splay Vein, are recognized as subsidiary structures.
Together, all of these veins represent the surface expression of a
deep-seated epithermal system of mineralization. In some instances, the
veins are simple fractures filled with mineralizing fluids like the El
Jal Vein. In other cases, such as the La Cruz and Monta�ez, the veins
can be associated to fault corridors developed along contact zones
between the intrusive rock (diorite/ monzonite) and the hosting
limestone. Broader zones of sulphide mineralization offering large
tonnage bulk mining potential (see Company press release of March 3,
2008) appear to be related to fracturing and replacement near or along
the contacts of the intrusive bodies within limestone with skarn
alteration and marble contact metamorphism.
Information gathered from completion of hole SD-07-26 further suggests
that the Cantarranas Vein would, like La Cruz and Monta�ez Veins, be
associated to a fault corridor (the Grey Fault Zone) located along a
diorite/marble contact. This broader Cantarranas structure appears to
join with the silver-rich stringers zone identified in hole SD-07-20
hosting silver grades as high as 4,420 g/t Ag over 0.58 m (see press
release of March 3rd, 2008) that is also related to the same
diorite/marble contact.
Golden Tag and ECU Silver initiated their Phase 3 diamond drilling
program in October 2007. A total of 16 holes have been completed to
date for a total of 6,650 metres of drilling. Six drill holes have now
been reported. Construction of a new drill road in the hilly south
portion of the property was completed to allow drilling the highly
prospective area east of the central Diorite. Hole SD-08-33 was
recently completed from this road to follow-up on previously reported
holes SD-07-20 and 07-22 and test the Monta�ez Zones, Cantarranas and
SD Veins. Assay results from Hole SD-08-33 are currently unavailable,
however, visual observations made on core are very encouraging. The
environment of mineralization intersected includes semi-massive and
massive sulphides as vein infill with associated sulphide replacement
of adjacent marbles; increasing vein widths up to 2 m (core width) and
a new mineralized vein structure at the diorite/marble contact.
Visual results from Hole SD-08-33 suggest continued improvement in the
mineralized system at depth with strong vertical continuity of the main
veins, increasing skarn alteration and contact metamorphic effects; and
potential for more extensive replacement sulphide zones at even greater
depth along the diorite contacts.
Assay results and visual observations from the most recent drill holes
point to the need to conduct deeper drilling. The actual drill rig
utilized to complete Phase 3 drilling not being adequate to perform
deep holes, the joint-venture has decided to end the Phase 3 program
after Hole SD-08-33. A minimum 5,000 metre follow-up Phase 4 program
utilizing a more proficient drill will be undertaken shortly. In the
interim, the joint-venture partners will review and integrate Phase 3
results in a 3-D MineSight model to efficiently structure and develop
the deeper Phase 4 program. Assay results from the remaining Phase 3
program will be released when available.
Quality Control:
The drilling program is supervised by Ms. Kateri Marchand, P.Geo. and
Qualified Person under National Instrument 43-101 guidelines and she
has confirmed all disclosures in this release. Details of the QA/QC
program followed at San Diego are available in previous press releases.
Analyses were performed by ALS Chemex accredited assay laboratories of
Guadalajara (Mexico) and Vancouver (Canada) as well as non-certified
ERSA laboratory of Torreon, Coahuila.
Conversion factors used to convert to silver equivalents are shown at
bottom of Table 1 and 2. Readers are cautioned that until a
pre-feasibility study is completed, there are no assurances that these
mineralized zones will be economically viable.
ECU Silver Mining Inc. is focused on the exploration, development and
mining of gold, silver and base metals at its Velarde�a District
Properties in Durango, Mexico. The area includes five historical mines
- Santa Juana, Terneras, San Mateo, San Juanes, and the San Diego mine.
ECU is defining the "Mineralized Corridor" at Santa Juana and also
further defining several higher grade narrow veins within the area.
ECU's mission is to become a pre-eminent silver producer through the
development of existing, and additional potential resources at
Velarde�a.
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.
For additional information please contact:
Golden Tag Resources Ltd.
Marc A. Carrier, President
Ph : 514-426-8542
Fax : (514) 426-8543
Email : pres@goldentag.ca
www.goldentag.ca
Golden Tag is a member of the Agoracom Investor Relations group at
www.agoracom.com/IR/goldentag . To be added to the investor e-mail
list, please send to gog@agoracom.com
..
ECU Silver Mining Inc.
Stephen Altmann, President
Ph : 416-644-8640
Email : ecu@ecu.ca
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.
SAN DIEGO JOINT-VENTURE PROJECT, DURANGO, MEXICO
TABLE 1. RESULTS FROM THE-2007-2008 DRILL PROGRAM
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HOLE SD-08-26 From To Length Au Ag Pb Zn Ag+Ag
(m) (m) (m) (g/t) (g/t) % % Equiv.
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Monta�ez 61.05 62.30 1.25 0.218 1,786 6.38 4.33 2,091
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Ag Stringer Zone 229.75 238.75 9.00 0.065 243 2.90 1.09 355
includes:
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Cantarranas(2) 229.75 230.50 0.75 0.212 1,365 21.40 6.90 2,150
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Cantarranas(1) 237.60 238.15 0.55 0.154 1,060 14.95 3.85 1,578
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HOLE SD-07-23 From To Length Au Ag Pb Zn Ag+Ag
(m) (m) (m) (g/t) (g/t) % % Equiv.
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Canta-Splay 126.66 127.34 0.68 0.259 620 1.73 0.46 620
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El Jal 255.61 255.83 0.22 0.176 933 5.84 1.74 1,143
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TABLE 2: ASSAY RESULTS FROM THE PROVENIR VEIN
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Porvenir True Width Au Ag Pb Zn Ag+Ag
Main Vein (m) (g/t) (g/t) % % Equiv.
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0.35 0.90 95 1.40 1.25
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0.35 0.80 214 1.01 0.75
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0.12 1.00 2,012 29.88 4.30
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0.40 1.10 178 2.74 2.08
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Average 0.31 0.947 345 4.53 1.68 345
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Notes:
(1) Silver Equivalents
Silver Equivalents were calculated using the same commodity prices and
metal recovery factors used in the San Diego 43-101 Resource Estimate
Report: 26.60 g/t Ag per 1% Pb, 31.21 g/t Ag per 1% Zn. Recovery
factors were 76% for silver, 71% for gold, 75% for lead and 44% for Zn.
Commodity prices of US$11.60/oz for silver,US$0.60/lb for lead and
US$1.20lb for zinc were used.
Gold content was not taken into account in the silver equivalent
calculation. Lead and Zinc values were also not included in the silver
equivalent calculation for the Canta-Splay and Porvenir oxide Veins.
(2) True Widths
The true widths of the reported intersections are 80 to 85% for both
Monta�ez and El Jal Veins; 35% for Canta-Splay Vein; 60% for
Cantarranas Vein.
View News Release in PDF Format:
http://www.ecu.ca/i/pdf/2008-04-07_NR.pdf
181 KB in size, approx. 35 seconds to download at 56.6Kbps
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Copyright (c) 2008 ECU SILVER MINING INC. (ECU) All rights reserved.
For more information visit our website at http://www.ecu.ca/ or send
mailto:ecu@ecu.ca
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