ECU Silver Mining Inc.
TSX : ECU

ECU Silver Mining Inc.

April 26, 2011 10:02 ET

ECU Silver Provides Additional Update on Deep Drilling of Massive Sulphides

TORONTO, ONTARIO--(Marketwire - April 26, 2011) -ECU Silver Mining Inc. (TSX:ECU) is providing an update on the status of the high–performance deep diamond drill that is currently reaming out drill hole SJ-18-21 which initially intersected two massive sulphide veins.

At present, the drill hole is being re-drilled with a BQ size (60 mm) diamond drill which has reached approximately 600 meters (1,970 feet). The original 800 meter (2,625 feet) drill hole SJ-18-21 contained areas of collapsed material within the hole. As such, these areas could obstruct the larger NQ drill bit (76 mm) that was being used to ream the hole. As a precaution against deviation of the parent hole, the drill hole is being re-drilled (the "pilot hole") with the smaller BQ size bit to re-establish the integrity of the original hole. Once the pilot hole is completed to 800 meters, the drill will switch to an NQ size bit and complete reaming the parent hole to 800 meters.

At this time the existing parent hole has been reamed out using the NQ bit, to a depth of approximately 471 meters, about 60% of targeted depth. Once the drill nears the target depth of 800 meters, the drilling speed will be increased as it will no longer be a concern if the drill deviates since we will be in a zone of multiple potential intercepts.

Following the completion of the parent hole, the drill will core below the 800 meter level followed by four daughter holes that will branch off the main parent borehole. These drill holes will test multiple targets to verify the continuity of the mineralized zones.

Mr. Michel Roy, P. Geo., 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 www.sedar.com 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
    President
    Toronto, Canada
    (416) 366-2428

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