ECU Silver Mining Inc.
TSX : ECU

ECU Silver Mining Inc.

September 02, 2009 11:58 ET

ECU Silver Reports on Gold Dore for July

TORONTO, ONTARIO--(Marketwire - Sept. 2, 2009) - ECU Silver Mining Inc. (TSX:ECU) reports on dore bar fabrication for the month of July.

In the month of July, the ECU operations generated 32 dore bars with a total weight of 709 kilograms (kg). The assays of the dore bars indicated that they contained a total of approximately 541 ounces of gold and 14,875 ounces of silver. To date, 182 bars have been generated with a total weight of 3,780 kg containing 2,245 ounces of gold and 76,123 ounces of silver.

Productivity of the oxide operations remains very good with 14,193 tonnes milled during 28.5 operating days in July giving an average of 498 tonnes per day (tpd). Recoveries for gold and silver were 68% and 52%, respectively versus 75% and 40% in June.

The most important results from the work in July were as follows:

1. The oxide mill proved to have very robust capacity. The mill was able to handle up to 578 tonnes in one day and had no problem handling a steady feed above 500 tpd;

2. Grades and recoveries for the mineralized material from the Santa Juana, San Juanes and Chicago mines were very good considering an important portion of the material from the Santa Juana mine was from the Transition Zone which lies between the sulphide and oxide sections of the mine and thus contains sulphides that leach poorly;

3. A portion of the tonnage (47 tonnes) milled came from high-grade roasted pyrite/gold concentrate material. Results show that the recoveries for the roasted pyrite/gold concentrate material were extremely high, most likely above 90%, despite previous laboratory metallurgical tests that indicated potential recoveries between 50% and 75%. Test work on the roasted pyrite/gold concentrate material is continuing.

4. Based on the success of the recoveries of the roasted pyrite/gold concentrate material, new metallurgical tests leading to actual industrial testing of direct cyanidation of un-roasted pyrite/gold concentrates is currently being completed.

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 Information

  • ECU Silver Mining Inc.
    Michel Roy
    Chairman and CEO
    011 52 871 747 5750
    or
    ECU Silver Mining Inc.
    Stephen Altmann
    President
    (416) 366-2428
    www.ecu.ca