ECU Silver Mining Inc.
TSX : ECU

ECU Silver Mining Inc.

May 21, 2009 08:00 ET

ECU Silver Provides Update on Mill Operations

TORONTO, ONTARIO--(Marketwire - May 21, 2009) - ECU Silver Mining Inc. (TSX:ECU) is pleased to report that it has poured a total of 78 silver/gold dore bars in the past month.

The silver/gold dore bars have a total weight of 1,575 kilograms (kg). Assays indicate that these dore bars contain a total of 626 ounces of gold and 30,544 ounces of silver.

We have also poured an additional 13 bars this week, assays will be known later, and expect to pour 300 to 450 kg of dore per week, depending on silver assays of the feed.

We have sent samples of our dore to different interested buyers and are in the process of reviewing several term sheets from these potential buyers of our dore bars. The interest in our dore product has been very strong and we have so far received offers from seven different buyers. We have sold 730 kg of dore bars to date and have a planned shipment of another 1,100 kg for later this week to two separate buyers.

The oxide mill continues to operate very well. Over the next few weeks, we plan on increasing the throughput of our gold and silver recovery oxide plant to a rate of 500 tonnes per day.

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 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
    011 52 871 747 5750
    or
    ECU Silver Mining Inc.
    Stephen Altmann
    President
    (416) 366-2428
    (416) 366-8131 (FAX)
    Website: www.ecu.ca