ECU Silver Mining Inc.
TSX VENTURE : ECU

ECU Silver Mining Inc.

October 03, 2005 11:58 ET

ECU Silver Mining Inc.: Press Release

TORREON, COAHUILA--(CCNMatthews - Oct. 3, 2005) - ECU Silver Mining Inc. (TSX VENTURE:ECU) is pleased to announce that Dr. Javier Ramirez has accepted the Company's offer to be its counsel on all matters relating to metallurgy. Dr. Ramirez is a metallurgist who holds a M.Sc. in Metallurgy from McGill University and a Ph.D. in Metallurgy from the Colorado School of Mines. He has recently retired from teaching at the University of Michoacan.

As a first step, he proposed a reorganization of the grinding circuit to insure it could process 340 tpd or more. This will be implemented next week and will come on line when the Company receives an additional cyclone, which is expected in mid-October. He also proposed changes in the flotation circuit that will allow the Company to improve its revenues by producing higher quality concentrates. Finally, he has been instrumental in planning the construction of a HGP leaching plant in Mexico. This plant is similar to a cyanide leaching plant but without the problems related to the use of cyanide since the HGP reagent is environmentally friendly. Tests will be conducted shortly to verify if this process can be used to leach the gold from the Company's pyrite concentrates. This would considerably reduce transport and smelting costs for processing the gold currently awaiting treatment as well as all future gold production from sulfide ores.

In terms of production, the Company is also pleased to report that it produced 6,488 tonnes in September, comparing favorably to the 6,582 tonnes processed in record setting August, which had one more day of production.

In addition, the Company reports that the installation of its new crusher was completed as planned in September. The fine tuning was carried out by the supplier and we are pleased to announce that successful testing was completed by the Company this past week-end. The equipment successfully crushed normal mine ore to a 1/2 to 3/4 inch size. This size reduction in the primary crushing of the ore was one of the requirements to increase overall production to 300 tpd or more.

Finally, at the request of the TSX Venture Exchange, the Company would like to retract using the term "recoverable resources" included in its press release dated September 29, 2005 since it does not correspond to acceptable terminology as defined by National Instrument 43-101. Furthermore, notwithstanding that the Company is currently realizing an operating profit through its mining of approximately 6,500 tonnes per month on a consistent basis, and it has more than 100,000 tonnes of similar material in active stopes, the Company is precluded from commenting on future production forecasts until its on-going feasibility study is completed. The feasibility study is a requirement to convert resources into reserves.

Mr. Michel Roy, P. Geo., a "qualified person" within the meaning of NI 43-101, prepared the technical information disclosed in this news release.
ECU Silver Mining Inc is a junior Gold, Silver, Zinc and Lead producer in the prolific mining district of Velardena, Mexico where historically over 500,000 ounces of Gold and 250,000,000 ounces of silver have been mined. Full scale profitable production began in May 2005 at the Company's Santa Juana mine. To ensure the Company is positioned for continued growth and expansion, and to take full advantage of the current record setting metals prices, the Company has a fully operational and debt free infrastructure in place, several months of planned production available from the current stopes, and ongoing exploration programs.

For further information please visit our web-site at www.ecu.ca, or you may contact the Company directly:



ECU Silver Mining Inc.
Head Office
Rouyn-Noranda
Quebec, Canada
J9X 7C8
Tel : (819) 797-1210
Fax : (819) 797-1214

ECU Silver Mining Inc.
Corporate Office
J. I. Jimenez 663
colonia Los Angeles
Torreon, Coahuila,
Mexico, 27000
Tel: (01152)-871-717-8633
Fax: (01152)-871-718-5025


Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • ECU SILVER Mining Inc.
    Michel Roy
    President, Chief Executive Officer
    011 528 717 271 061 (Mexico)
    (819) 797-1210 (Canada)
    Email: ecu@ecu.ca or Web: www.ecu.ca