ECU Silver Mining Inc.

ECU Silver Mining Inc.

October 16, 2007 08:36 ET

ECU Silver Announces Eastern Extension of Terneras Vein

Highlights - Eastern extension of the Terneras vein has been identified; - Drill hole (SJS-14-02) returns 0.30 metres grading 2.70 g/t gold, 2,097 g/t silver, 17.95% lead, 11.57% zinc and 0.55% copper.

TORONTO, ONTARIO--(Marketwire - Oct. 16, 2007) - ECU Silver Mining Inc. (TSX:ECU) ("ECU Silver" or the "Company") is pleased to announce that it has identified the eastern extension of the Terneras vein.

Based on knowledge acquired from our continued exploration for new veins and extensions of known veins, the Company reviewed and reinterpreted the eastern extension of the Terneras vein. In particular, our recently announced success in finding the western extension of the same vein, see PR dated August 29th, 2007 prompted us to reinvestigate the eastern side of the Terneras vein.

Our analysis gave rise to a new geological model which suggested that the Terneras vein veered to the south as opposed to the north where Terneras was previously thought to extend and which was mined for 200 meters along a lower grade splay.

The newly identified eastern extension was tested with a recent drill hole (SJS-14-02) to verify a more robust continuity of the Terneras vein to the east. The first assay result from this drill hole returned 0.30 metres grading 2.70 g/t gold, 2,097 g/t silver, 17.95% lead, 11.57% zinc and 0.55% copper.

Michel Roy, Chairman and CEO, stated that "This opens a brand new area of exploration as the eastern sector of the Terneras vein has never been tested before. The Terneras vein continues to show tremendous continuity which is typical of these extensive type veins".

Steve Altmann, President, further added that "The Company's decision to stop small scale production and focus on resource delineation and expansion has been very beneficial in our identifying new discoveries and proving the continuity of several veins within our three properties: Velardena, Chicago and San Diego.

Although the Company is currently very focused on the timely delivery of the Company's next National Instrument 43-101 technical report, full-scale exploration operations are still continuing and results from various sites are pending.

The Company would also like to announce that in November, ECU will be attending the Munich Gold Show and will also give a corporate presentation in Toronto at a Silver Symposium where ECU Silver will be one of only eight companies presenting to members of the investment community.

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

Mr. Michel Roy, P. Geo., a "qualified person" within the meaning of NI 43-101, prepared the technical information disclosed in this news release.

Contact Information

  • ECU Silver Mining Inc.
    Stephen Altmann
    (416) 644-8640
    (416) 644-8801 (FAX)