ECU Silver Mining Inc.
TSX : ECU

ECU Silver Mining Inc.

June 11, 2009 08:00 ET

ECU Silver Reports on First Month of Dore Generation

TORONTO, ONTARIO--(Marketwire - June 11, 2009) - ECU Silver Mining Inc. (TSX:ECU) is pleased to report that it has completed one full month of dore bar fabrication.

In our first full month of operation within our oxide resource, we have generated 56 dore bars with a total weight of 1,135 kilograms (kg). Our assays of the dore bars show that they contain a total of approximately 614 ounces of gold and 23,354 ounces of silver. At current commodity prices of around US$950 per ounce for gold and US$15 per ounce for silver, the dore bars generated in the month of May represent a gross value in the order of US$935,000.

Our mining team is advancing nicely with the underground development and the oxide mill continues to operate very well. The mill averaged a daily throughput of 408 tonnes per day (tpd) with the best day being 493 tpd. A total of 12,641 tonnes were treated grading 2.05 grams of gold and 104 grams of silver. This tonnage includes low grade material which was used during initial operation of the mill in its early ramp-up period.

CONTACT INFORMATION:

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)
    www.ecu.ca