ECU Silver Mining Inc.

ECU Silver Mining Inc.

November 19, 2009 08:00 ET

ECU Silver Reports on Gold and Silver for the Month of October

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2009) - ECU Silver Mining Inc. (TSX:ECU)

ECU is pleased to report on operations for the month of October in which the Company generated sales from both its Oxide Mill and its Sulphide Mill.

In total, the Company treated 16,914 tonnes (mt) of mineralized material during the month of October with 15,694 mt being treated at the Oxide Mill over 30 days and 1,220 mt treated at the Sulphide Mill in 4 days. The Oxide Mill continues to perform very well at an average rate of 523 tonnes per day (tpd) during the month of October.

Operations generated a total of 631 ounces (oz) of gold and 34,576 oz of silver. This corresponds to a 10% decrease in gold and a 152% increase in silver over the previous month. The decrease in gold is due to the shut-down of the roaster to install additional equipment to enhance the control of emissions, while the increase in silver is due to the sale of high silver grade lead concentrates.

About ECU Silver

ECU Silver Mining Inc. is focused on the exploration, development and mining of gold, silver and base metals at its Velardeña 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 Velardeña.

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