ECU Silver Mining Inc.
TSX : ECU

ECU Silver Mining Inc.

June 19, 2008 17:21 ET

ECU Silver Reports Significant Exploration Results at Velardena Properties

TORONTO, ONTARIO--(Marketwire - June 19, 2008) - ECU Silver Mining (TSX:ECU) -

Highlights

- Terneras East demonstrates 200 by 600 metres (650 by 1,970 feet) of lateral and vertical continuity.

- 2.00 g/t Au, 1,455 g/t Ag, 6.16% Pb and 2.50% Zn over width of 2.05 metres (6.7 feet).

- New Chicago vein demonstrates 400 by 600 metres (1,310 by 1,970 feet) of lateral and vertical continuity.

- 1.40 g/t Au, 306 g/t Ag, 2.13% Pb and 7.1% Zn over width of 0.7 metres (2.4 feet).

ECU Silver Mining ("ECU Silver" or "the Company") is pleased to announce further exploration successes within our Velardena Properties. The areas outlined in this press release represent completely new areas of mineralization. Exploration work is presenting robust and continuous results that we expect will be incorporated into our next mineral resource update for the Velardena Properties.

On the main Velardena Property we are encountering high grades and continuous mineralization at Terneras East and equally important, at our adjacent Chicago Property, we have demonstrated ongoing mineralized continuity of a totally new mineralized region of the property that was not previously identified or included in the last NI 43-101 technical report. Both these areas continue to show systematic evidence of mineralization which we plan to include in our next mineral resource update.

Terneras East (the eastern extension of the Terneras Vein) was recently discovered by our underground drifting where underground results to date have demonstrated solid assay results (see press releases dated March 31, and May 28, 2008). Further testing of Terneras East was done with our surface drill rig which cut drill-hole TE-08-01. This drill-hole is approximately 120 metres (390 feet) east of our previous underground tests and returned assay grades of 2.00 g/t Au, 1,455 g/t Ag, 6.16% Pb and 2.50% Zn over a width of 2.05 metres (6.7 feet). It is included in a marble unit with several brecciated zones with veinlets which indicates the possibility for this zone to be a wide zone intersected by veins and veinlets signifying the potential for future bulk mining applications.

The results at Terneras East are notable in that the area is showing evidence of ongoing high grades and excellent lateral and depth continuity. Work to date has essentially identified continuity of approximately 200 metres (650 feet) laterally and 600 metres (1,970 feet) vertically. In addition, widths are getting wider as we trend eastwards and downwards.



Table 1: Terneras East Assay Results

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From To Thickness Au Ag Pb Zn
Hole Sample# (m) (m) (m) (g/t) (g/t) (%) (%)
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TE08-01 49879 170.50 171.80 1.30 1.65 282 2.52 1.55
TE08-01 49880 171.80 172.55 0.75 2.60 3488 12.48 4.14
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On the Chicago Property, where we had previously announced a totally new vein discovery (see press release dated May 8th, 2008), the surface drill cut hole CH08-15 to confirm the continuity of the new vein. We were pleased to see that the assay results supported the assumption of the continuity of the new vein, in that it was intercepted again at 400 metres (1,310 feet) east of the initial intercept. The cut yielded the following assay results:

- 1.40 g/t Au, 306 g/t Ag, 2.13% Pb and 7.1% Zn over a width of 0.72 metres (2.4 feet), and

- 0.35 g/t Au, 695 g/t Ag, 5.95% Pb and 4.93% Zn over a width of 0.21 metres (0.7 feet).

The significance of this result is that this entirely new vein now has a demonstrated lateral continuity of 400 metres (1,310 feet) and a minimum vertical continuity of 600 metres (1,970 feet).

The Company is continuing its exploration program with one surface drill, one underground drill, three portable ("bazooka") underground drills and our ongoing underground development.

Readers are cautioned that until a prefeasibility study is completed, there are no assurances these latest mineralized zones will be economically viable.

All widths from drilling on the Terneras extension and Chicago represent core lengths. In this case, true lengths are approximately 70% of core 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.

Contact Information

  • CHF Investor Relations
    Chris Haldane
    Account Manager
    (416) 868-1079 ext. 237
    Email: chris@chfir.com
    or
    CHF Investor Relations
    Michael Borovec
    Account Manager
    (416) 868-1079 ext. 229
    Email: michael@chfir.com