ECU Silver Mining Inc.

ECU Silver Mining Inc.
Golden Tag Resources Ltd.

Golden Tag Resources Ltd.

October 10, 2007 09:09 ET

ECU Silver Mining Inc. and Golden Tag Resources Ltd.: Commencement of Phase 3 Drilling on San Diego Property, Mexico

MONTREAL, QUEBEC and TORREON, MEXICO--(Marketwire - Oct. 10, 2007) - Golden Tag Resources Ltd. (TSX VENTURE:GOG) and operator ECU Silver Mining Inc. (TSX:ECU) are pleased to report the commencement of a Phase 3 program of surface diamond drilling on the San Diego Joint-Venture property in Durango State, Mexico. This program will entail approximately 6,000 meters of drilling to test or evaluate:

- additional extensions along strike and at depth on all veins, in particular the La Cruz, Rata and Montanez Veins.

- zones of stringer and skarn-type alteration, and mineralization with bulk mining potential.

- potential for alternative styles of mineralization including the promising high grade gold intersection of 15.31 g/t Au over 3.25 meters intersected in the final part of Phase 2 drilling, and,

- in-fill on currently identified zones.

Results from Phase 1 and Phase 2 drilling were summarized in a press release dated August 27, 2007. The results confirmed the continuity of polymetallic high grade mineralization on laterally and vertically extensive veins, and more than exceeded the expectations of the companies.

The San Diego Property is well situated with excellent nearby infrastructure. The Property can be easily accessed all year round and is located only 20 km from a major interstate 4-lane highway, as well as 6 km NE from ECU Silver's mining and milling operations at Velardena where an experienced workforce is readily available.

Ms. Kateri Marchand, P.Geo, a "qualified person" within the meaning of NI 43-101, has reviewed and confirmed the disclosure in this news release.

ECU Silver Mining Inc. is a Canadian silver and gold mining and exploration company that is involved in the evaluation, development and mining of precious metal deposits in Mexico. The Company owns the historically prolific Velardena Property which holds five historical mines and a milling operation in the state of 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 project in Durango State, Mexico; the Aquilon gold projects 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 Information

  • Golden Tag Resources Ltd.
    Marc A. Carrier
    (514) 426-8542
    (514) 426-8543 (FAX)
    ECU Silver Mining Inc.
    Stephen Altmann
    (416) 644-8640
    (416) 644-8801 (FAX)