ECU Silver Mining Inc.

ECU Silver Mining Inc.

June 20, 2011 09:58 ET

ECU Silver Discover New High Grade Zone on Nazas Property in Durango, Mexico

TORONTO, ONTARIO--(Marketwire - June 20, 2011) - ECU Silver Mining Inc. (TSX:ECU) is pleased to report the results from developing a new vein on the Nazas property which included assays grading up to 6.18 grams per tonne (g/t) gold (Au) and 2,755 g/t silver (Ag).

The Nazas property is under option to ECU Silver with the possibility of ECU Silver acquiring a 100% interest for payments totalling US$1,100,000 over the next two years.

While conducting bulk testing for mineralized material amenable to open pit mining, a two meter wide vein was uncovered and bulk tested separately. The structure associated with this vein has been followed along strike for over 500 meters. In the first bench, a height of nine meters of the bench was tested over 30 lateral meters with the average bulk grade of the two meter vein being 0.35 g/t Au and 68 g/t Ag over 19 samples, with the best assays being 0.84 g/t Au and 598 g/t Ag. In the second bench, three meters has been done to date, also over 30 lateral meters and assays averaged 0.72 g/t Au and 241 g/t Ag from 33 samples, with the best assay being 6.18 g/t Au and 2,755 g/t Ag.

Considering these preliminary results, the Company intends to continue opening the vein at depth and laterally as well as test other similar structures on the property.

Progress on drilling the deep seated massive sulphides has not progressed as quickly as originally planned due to mechanical problems with the drilling. These problems have been addressed and drilling has resumed.

All widths are true widths. Samples were assayed at the ERSA laboratory in Torreon, Coahuila, Mexico, which is currently in the process of being certified. Michel Roy, PGeo, a qualified person within the meaning of NI 43-101, prepared the technical information disclosed in this news release.

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 N.I. 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

Readers are cautioned that there are no assurances that all or any part of ECU Silver's mineral resource will be economically viable. Until a prefeasibility study is completed, there are no assurances the release of an updated mineral resource will be economically viable.

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
    Torreon, Mexico
    011 52 871 747 5750

    ECU Silver Mining Inc.
    Stephen Altmann
    Toronto, Canada
    (416) 366-2428

    ECU Silver Mining Inc.
    Mark Butler
    Investor Relations
    Toronto, Canada
    (905) 602-4248