ECU Silver Mining Inc.
TSX VENTURE : ECU

ECU Silver Mining Inc.

January 26, 2007 09:52 ET

ECU Silver Announces New Assays From Level 18 Within the Mineralized Corridor at the Santa Juana Mine

TORONTO, ONTARIO--(CCNMatthews - Jan. 26, 2007) - ECU Silver Mining Inc. (TSX VENTURE:ECU) -

Highlights:

- Cross- cut 18-090 yields 2.91 g/t gold, 50 g/t silver over 32.3 meters of MC width (106 feet);

- Cross-cut 18-190 yields 0.66 g/t gold and 39 g/t silver over 49.5 meters of MC width (162 feet);

- Included in cross-cut 18-190 was a 22.6 meters wide (75 feet) intercept grading 0.94 g/t gold, 77 g/t silver, 0.14% lead, 0.12 % zinc and 0.09% copper;

- Cross-cut 18-113 yields over 26.5 meters of MC width (87 feet) grading 0.80 g/t gold and 61 g/t silver.

Mr. Michel Roy, Chairman and CEO of ECU Silver Mining Inc. (TSX VENTURE:ECU) is pleased to announce the Company has received assays from several new cuts of the Mineralized Corridor (the "MC") (first reported in the Company's press release dated December 18, 2006) on level 18 of the Santa Juana mine.

Level 18 Cross-Cuts

These workings consisted of driving several new cross-cuts starting from a new access drift. The primary purpose of the new cross-cuts was to gather further information to continue building the data base on the MC that will be used by the Company in assessing possible future expansion.
For point of reference to the reader, the level 18 access drift begins near the junction between the A4 vein and the Tres Aguilas fault and continues to the south-east. The cross-cuts start from the drift near the main A4 vein and cut northeast towards the Santa Juana vein.

See table 1 below for assay results.

Cross-cut #18-190

Cross-cut 18-190 was driven 120 meters (394 feet) north-west of the downward projection from our original level 17.5 stockwork zone section as reported by the Company in April of 2006. The Santa Juana vein has not yet been reached and the cross-cut will continue until it reaches the Santa Juana vein, approximately 20 meters (66 feet) further to the north-east.

For cross-cut 18-190, the results obtained to date were positively surprising considering the Company was aware that this particular cross-cut would be in a low vein density area; not many veinlets between the main veins. However the grades remained firm and included an intercept 22.6 meters wide (75 feet) grading 0.94 g/t gold, 77 g/t silver, 0.14% lead, 0.12 % zinc and 0.09% copper.

Cross-cut #18-113

Cross-cut 18-113 was driven 70 meters (230 feet) laterally further south-east from cross-cut 18-190. The Santa Juana vein has again not yet been reached however the cross-cut will continue until it reaches the Santa Juana vein approximately 17 meters (56 feet) further to the north-east.

In the area of cross cut 18-113, the veins are getting closer and given this cross-cut still remains 50 meters (164 feet) from the downward projection of the level 17.5 stockwork, the Company expects the vein density to continue to increase. The reader is cautioned that there are no assurances this will occur. Once again the grades are remaining firm given the total width of the cross-cut to date.

Cross-cut #18-090

Cross-cut 18-090, was driven only 20 meters (66 feet) north-west of the downward projection of the level 17.5 stockwork. Once again the Santa Juana vein has not been reached and lies approximately 17 meters further to the north-east. Given the close proximity to the high density stockwork zone at level 17.5, as expected, the Company is observing in cross-cut 18-090, a high density of veinlets together with a thickening of the main veins.

Results on cross-cut 18-090 demonstrate much higher gold grades than the other cross-cuts consistent with a higher density of veins in the area. These findings are consistent and relates well to those obtained on level 17.5 previously.

Readers are cautioned that until a complete pre-feasibility study is completed, there are no assurances that this mineralized zone will be economically viable.



LEVEL 18 ASSAYS IN MC - Table 1
--------------------------------------------------------
Width Gold Silver Lead Zinc Copper
Type Name (m) (g/t) (g/t) (%) (%) (%)
--------------------------------------------------------
x-cut 18-190 49.49 0.66 39 0.07 0.06 0.05
--------------------------------------------------------
x-cut Incl. 22.59 0.94 77 0.14 0.12 0.09
--------------------------------------------------------

--------------------------------------------------------
x-cut 18-113 26.95 0.88 75 0.22 0.16 0.10
--------------------------------------------------------
x-cut 18-113 26.00 0.72 47 0.07 0.02 0.08
--------------------------------------------------------

--------------------------------------------------------
x-cut 18-090 32.32 2.91 50 0.11 0.02 0.10
--------------------------------------------------------
x-cut 18-090 32.70 0.86 35 0.06 0.02 0.09
--------------------------------------------------------

--------------------------------------------------------
Average 5 cuts 33.5 1.18 47 0.10 0.05 0.08
--------------------------------------------------------


Significance of level 18 cross-cuts

The results of the above noted cross cuts provide further information regarding the density of the mineralized corridor over a defined length of more than 120 meters (394 feet) and with an average width of 33.5 meters (110 feet). Furthermore, the width of this defined area could be increased by drifting further north-east to the Santa Juana main vein in all three cross-cuts. This potentially may add approximately 20 meters (66 feet) to the average width for the MC in this particular area. The average grades of 1.18 g/t gold and 47 g/t silver, are above what the Company would consider as cut-off grades for a potential large scale bulk mining operation. Readers are cautioned that until a complete pre-feasibility study is completed, there are no assurances that this mineralized zone will be economically viable.

The Company has commenced a new cross-cut below the downward projection of the level 17.5 stockwork zone. Following the completion of this new cross-cut, the Company will continue additional cross-cuts to the south-east. These cross-cuts will continue on a regular basis every 20 to 40 meters (66 to 131 feet) starting from the main access drift.

Outlook

1) Drilling resumed in early January and excellent progress is being achieved with our new equipment;

2) The Company is reassessing its exploration program for 2007 with the intention of significantly increasing its planned drilling;

3) Numerous old cross-cuts have been sampled on all levels, including levels 15, 16, 17 and 17.5 in an effort to continue to gather data on the Mineralized Corridor. Assays are pending;

4) The main drift on level 18, from which the cross-cuts are being started, reached the downward projection of the level 17.5 stockwork discovery and encountered a heavily mineralized vein system. This system which is at least 4 meters wide corresponds to the downward continuity of the 3.5 meter section grading 18.6 g/t gold found in hole TA 17.5-11 (Company's PR dated October 19, 2006). Assays are pending.

Readers are cautioned that until a complete pre-feasibility study is completed, there are no assurances that this mineralized zone 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. Samples were also assayed at the SGS laboratory in Durango, Durango State, which is a certified laboratory. Property specific quality control samples were inserted at regular intervals in the sample sequence and the Company routinely does check assays at other certified laboratories.

The evaluation program is supervised by M. Pierre Gagnon, P.Geol. who is a Qualified Person under National Instrument 43-101 guidelines.

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

ECU Silver Mining Inc. is a Canadian silver and gold mining and exploration company with executive offices in Toronto, Ontario, that is involved in the evaluation, development and mining of precious metal deposits in Mexico. The Company owns the prolific Velardena Property which holds five historical mines and a milling operation in the state of Durango, Mexico. ECU's goal is to become one of Mexico's largest producing silver mines. ECU's common shares are listed on the TSX Venture Exchange under the trading 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.

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

Contact Information

  • ECU Silver Mining Inc.
    Richard Buzbuzian
    Vice President
    (416) 644-8640