ECU Silver Mining Inc.

ECU Silver Mining Inc.

June 26, 2008 10:09 ET

ECU Silver Reports Results at Santa Juana

TORONTO, ONTARIO--(Marketwire - June 26, 2008) -


- Santa Juana mineralization extends at depth.

- Gold grades and widths are increasing.

-- 6 metres (20 feet) of width grading 4.04 g/t Au and 30 g/t Ag.

-- 7 metres (23 feet) of width grading 4.84 g/t Au and 37 g/t Ag.

ECU Silver Mining (TSX:ECU) ("ECU Silver" or "the Company") is pleased to announce further significant advances in its exploration and development work within our Velardena Properties. We continue to realize accomplishments in our exploration program at our main Velardena Property where, at the Santa Juana Mine, we have encountered strong gold grades over significant widths.

The current results are in addition to three key exploration announcements that we have made over the past few days. Namely, the reporting of broad zones of massive and semi massive sulphide mineralization at the San Diego Property (see press release dated June 23, 2008), the high grade results at Terneras East in the main Velardena Property and the totally new vein at our adjacent Chicago Property (see press release dated June 19, 2008). These key areas within our collective Velardena Properties represent evidence of ongoing and extensive mineralization that will be included in our next mineral resource update.

At the Santa Juana mine, we are pleased to report that our underground development work cut the major A4 vein by a ramp driven to level 19 (eight levels developed to date) which is approximately 550 metres (1,800 feet) below surface. The following assays were obtained from two cuts of opposite ramp faces:

- 6.17 metres (20.2 feet) of width grading 4.04 g/t Au, 30 g/t Ag, 0.13% Pb and 0.13% Zn, and

- 7.09 metres (23.3 feet) of width grading 4.84 g/t Au, 37 g/t Ag, 0.16% Pb and 0.05% Zn.

The above results, continue to demonstrate the trend observed since level 14, approximately 315 metres above (1,035 feet), whereby we are confirming evidence of two important geologic considerations; i) strong mineralization continues to extend at depth while the average gold content is increasing and the base metal and silver content decreases, suggesting more than one mineralizing event has occurred in the area, and ii) the A4 vein is widening at depth which supports the regional geological model whereby vein widths typically increase with depth as they get closer to the main intrusive body.

The underground drill is currently testing the Santa Juana vein system at depth below level 19. The current drill hole is nearly completed drilling at a depth of approximately 900 metres (2,950 feet) below surface with the objective of verifying the possible continuity of mineralization at depth. The Company is of the opinion that this depth is believed to correspond to approximately the same geological level as seen on the nearby San Diego Property where we recently reported broad zones of massive and semi massive sulphide mineralization. Assay results from the deep drilling at Santa Juana are pending.

Cautionary Statements and Additional Information:

Readers are cautioned that until a prefeasibility study is completed, there are no assurances these latest mineralized zones will be economically viable. The Company also cautions that there are no assurances that a massive and semi-massive sulphide system will be encountered at depth at Santa Juana.

All widths for the A4 vein are true widths or lengths. Samples were assayed at the ERSA laboratory in Torreon, Coahuila, Mexico which is currently in the process of being certified. 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 focused on the exploration, development and mining of gold, silver and base metals at its Velardena District Properties in Durango, Mexico. The area is comprised of three properties, the Main Velardena Property, the Chicago Property and the San Diego Property. The properties are located near to each other and include five historical mines - Santa Juana, Terneras, San Mateo, San Juanes, and the San Diego mine. ECU's goal is to establish a significant polymetallic mineral resource in the heart of Mexico. ECU's mission is to become a pre-eminent silver and gold producer through the development of existing, and additional potential resources at Velardena.

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Contact Information

  • CHF Investor Relations
    Chris Haldane
    Account Manager
    (416) 868-1079 ext. 237
    CHF Investor Relations
    Michael Borovec
    Account Manager
    (416) 868-1079 ext. 229