ECU Silver Mining Inc.

ECU Silver Mining Inc.

March 31, 2009 09:40 ET

ECU Silver Updates on Progress of Oxide Plant

TORONTO, ONTARIO--(Marketwire - March 31, 2009) - ECU Silver Mining Inc. (TSX:ECU) reports that it has completed the re-assembly and re-tooling of the recently acquired gold and silver recovery plant (the "Plant").

On March 9th, we announced that we had completed the acquisition of the Plant and we immediately began re-assembly and re-tooling of the on-site equipment. We are happy to report that in just three weeks, our team in Mexico has successfully completed several important tasks, clearing the path towards a fully operational plant. These tasks included the following:

- Installing all the conveyors belts and the motors for the conveyor system;

- Installing all the motors, pumps and drives for the crushing circuit;

- Installing all motors, pumps and drives for the grinding circuit;

- Installing all motors, pumps and drives for the leaching tanks;

- Preparing the CCD tanks and installing motors, pumps and drives;

- Getting the Merrill Crowe system and the foundry in working shape;

- Getting the various metallurgical and assay laboratories in working shape;

- Testing all lines to tailings ponds and preparing the ponds for new tailings;

- Replacing the main ball mill on its base and complete realignment;

- Running the mill at an initial 400 tonnes per day rate with all circuits operating except for the Merrill Crowe circuit.

All the equipment has been tested and proven to be in good working order. We have not found any major maintenance or performance issues at the Plant.

While we were completing the work at the Plant, our miners were mining underground oxide material and storing this material on surface ("stockpiling"). We currently have approximately 11,000 tonnes of mineralized material that is stockpiled and ready as initial feed for the Plant. The Plant will initially treat this stockpiled material at an anticipated rate of approximately 400 tonnes per day (tpd).

Due to the success in the work to date, we expect to commence continuous operation of the Plant on, or about, April 1st with a view to start pouring silver/gold dore bars commencing as soon as mid April.

We are very pleased with our progress at the Oxide Mill and our team continues to advance quickly.

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 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
    ECU Silver Mining Inc.
    Stephen Altmann
    (416) 366-2428