ECU Silver Mining Inc.

ECU Silver Mining Inc.

February 18, 2010 11:02 ET

ECU Silver Reports on Gold and Silver Operations for January 2010

TORONTO, ONTARIO--(Marketwire - Feb. 18, 2010) - ECU Silver Mining Inc. (TSX:ECU)

ECU Silver Mining Inc. is pleased to report on its silver and gold fabrication for the month ending January 2010.

Highlights include:

- Silver generated in January was greater the ounces generated in
November and December of 2009, combined.

- January yielded a silver equivalent of 59,510 ounces from the
oxide mill and 37,476 ounces from the sulphide mill.

- Average daily throughput at the oxide mill was 650 tonnes per
day ("tpd").

As expected, the amount of silver equivalent generated in January was approximately 120% greater than December and more than November and December of 2009, combined. Gold ounces in dore were 14% lower than December due to lower feed grades while adjusting the circuit and lowering the copper content in the solutions. Gold generated in concentrates was up 98%.

In January, the Company generated (see Table 1), a total of 472 ounces of gold and 26,470 ounces of silver from its oxide mill and also generated 245 ounces of gold and 20,326 ounces of silver contained in concentrates from the sulphide mill. Using the current silver-to-gold ratio of 70 to one (base metals not included as equivalents), ECU generated 59,510 ounces of silver equivalents from its oxide mill and 37,476 ounces of silver equivalents from its sulphide mill.

Table 1: January 2010
(ounces) Oxide Mill Sulphide Mill Total
Gold 472 30 502
Silver 26,470 18,496 44,966
Silver Equivalent (70:1) 59,510 20,596 80,106

In Pyrite Concentrate
(sent to inventory)
Gold - 215 215
Silver - 1,830 1,830
Silver Equivalent (70:1) - 16,880 16,880

The average daily mill throughput in January has increased significantly to 650 tpd and the copper levels in the solutions have been maintained at acceptable levels.

The Company plans, after the first quarter 2010, to report results of its milling operations on a quarterly basis.

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 ounces in the measured and indicated category and 391 million silver 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 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
    ECU Silver Mining Inc.
    Stephen Altmann
    (416) 366-2428
    (416) 366-8131 (FAX)