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ECU Silver Chairman and CEO, Michel Roy, Provides Letter to Shareholders
TORONTO, ONTARIO – May 9, 2011 – ECU Silver Mining Inc. (TSX: ECU)
http://www.ecu.ca/index.php?option=com_content&view=article&id=457%3Aecu-silver-chairman-and-ceo-michel-roy-provides-letter-to-shareholders&catid=76%3A2011&Itemid=216&lang=en
03 May 2011
ECU Silver Finds New Mineralization in Upper Levels of the Santa Juana Mine
TORONTO, ONTARIO--(Marketwire - May 3, 2011) - ECU Silver Mining Inc. (TSX:ECU) is pleased to announce that it has uncovered additional high grade mineralization in the upper levels of the Santa Juana mine which is located in the main Velardena Property. This new mineralization averaged 1.64 grams per tonne (g/t) gold (Au), 324 g/t silver (Ag), 0.72% lead (Pb), 0.13% Zinc (Zn) and 0.35% Copper (Cu) over 3.8 meters (12.5 feet). This mineralization is additional to the mineral resources from the mine's lower levels that were included in the Company's last NI 43-101 mineral resource report.
The underground development at the Santa Juana mine has again identified high grade sulphide mineralization over and above those that were calculated in the Company's last mineral resource report, confirming that the potential resources at Santa Juana not only extend at depth and laterally, but above the current mineral resources as well.
http://www.ecu.ca/index.php?option=com_content&view=article&id=456%3Aecu-silver-finds-new-mineralization-in-upper-levels-of-the-santa-juana-mine&catid=76%3A2011&Itemid=216&lang=en
I like ECU. Another very nice miner with the goods. Go ECUXF!
I doubled my position today... Cheap prices!
We are already rising a bit. Maybe we have already hit the bottom.
The PPS will rise soon. Stay long - Stay strong. This was maybe the last dip before a huge run-up. Way undervalued in my opinion!
Well, at least we got some nice volume. The PPS will run up with silver one of these days :)
With the silver prices rising further (after the correction on monday), ECU should finally begin to recover higher levels - There is no reason for ECU to stay this low.
I think that the time is overdue for a massive upspike within the next days. We had a very good buying opportunity here.
The silver and gold miners are heavily shorted by hedge funds, according to Bob Chapman. Stay strong, and don't let them shake you out! This bird will fly! Just look at some miners performance during the 79/80 rally. I know this one will be a lot bigger, if you look at the global financial problems and the debt-crisis!
*Lion Mines – 1975 price: $0.07 / 1980 price: $380.....542,757%
*Azure Resources - 1975 price: $.05 / 1980 price: $109....217,900%
*Wharf Resources - 1975 price: $.40 / 1980 price: $560....139,000%
* Mineral Resources - 1975 price: $.60 / 1980 price: $415....69,067%
* Steep Rock - 1975 price: $.93 / 1980 price: $440....47,212%
* Bankeno - 1975 price: $1.25 / 1980 price: $430....34,300%
Stay long - stay strong
ECU Silver Provides Update on Deep Drilling of Massive Sulphides
http://www.marketwire.com/press-release/ECU-Silver-Provides-Update-on-Deep-Drilling-of-Massive-Sulphides-TSX-ECU-1422789.htm
ECU Silver Reports Results From Stope/Resource Reconciliation at the Santa Juana Mine
Monday February 7, 2011, 10:15 am
TORONTO, ONTARIO--(Marketwire - Feb. 7, 2011) - ECU Silver Mining Inc. (TSX:ECU; OTC:ECUXF - News) is pleased to announce some of the results from its current development work, where the Company has again recorded significantly higher grades from active stopes compared to the mineral resource grades calculated for the Company's NI 43-101 resource report, in the same corresponding area. Due to the consistency in the higher stope grades versus resource grades at the Santa Juana mine, located in the main Velardena Property, the Company is attempting to reconcile assays from mine production to mineral resource grades in this area.
A major vein in the Santa Juana mine, the C-1 vein, was recently opened on level 19 and 39 samples were taken from the stope face, which averaged 29.80 grams per tonne (g/t) gold (Au), 819 g/t silver (Ag), 3.09% lead Pb and 3.40% zinc (Zn) over an average width of 0.51 meters. The best sample graded 85.31 g/t Au and 150 g/t Ag over 0.80 meters. These results are much higher than the expected grades of 3.70 g/t gold (Au) and 173 g/t silver (Ag) over 1.27 meter that were calculated for the most recent NI 43-101 mineral resource estimate report.
Michel Roy, CEO and Chairman of ECU stated, "This consistent higher grading in the production stopes has been reported in several press releases of the Company in recent months. The Company intends to use all this information to reconcile assays from production and assays from the NI 43-101 resources report. The objective will be to evaluate the opportunity of understanding whether revising the current resources merits producing a new NI 43-101 compliant mineral resource report, that would include the results of this reconciliation."
About ECU Silver
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 Company holds a NI 43-101 compliant mineral resource of 40 million silver equivalent (0.6 million gold equivalent) ounces in the measured and indicated category and 391 million silver equivalent (6.0 million gold equivalent) ounces in the inferred category. The Company also owns two mills with a combined capacity of 820 tonnes per day. ECU's mission is to become a pre-eminent silver and gold producer through the development of its existing and potential mineral resources at Velardena. http://http://www.ecu.ca/
Contact:
Michel Roy
ECU Silver Mining Inc.
Chairman and CEO
Torreon, Mexico
011 52 871 747 5750
Stephen Altmann
ECU Silver Mining Inc.
President
Toronto, Canada
(416) 366-2428
Mark Butler
ECU Silver Mining Inc.
Investor Relations
Toronto, Canada
(905) 602-4248
http://finance.yahoo.com/news/ECU-Silver-Reports-Results-ccn-3809842404.html?x=0&.v=1
ECU Silver to Amend Terms of its Debt Facility
Monday January 31, 2011, 11:19 am
TORONTO, ONTARIO--(Marketwire - Jan. 31, 2011) - ECU Silver Mining Inc. ("ECU Silver") (TSX:ECU; OTC:ECUXF - News) is pleased to report that it has entered into an agreement with its lender, IIG Capital LLC, to amend the terms and conditions of its debt facility.
The current agreement, which was executed on November 1, 2009, is scheduled to mature on October 31, 2011. This facility will be extended by an additional twenty six months and the new maturity of the facility will be December 31, 2013.
Principal repayments of the amended facility will be paid on a consecutive monthly basis and will commence on July 31, 2011 and end on December 31, 2013. The basic interest rate applied to the daily outstanding loan balance will be 6 percent above 3-Month LIBOR and will be subject to a minimum annual interest rate of 12%. Interest will be payable on a quarterly basis.
Michel Roy, CEO and Chairman, commented that, "The recent results from our underground development work has been very encouraging and so we are currently evaluating a new exploration program to further delineate these recent findings. Consequently, the amendment to the debt facility will provide us with more flexibility in the use of our operating cash flows and help us focus on funding a more aggressive exploration plan".
Stephen Altmann, President further added, "The amendment of the facility will help allow us to return to our "exploration roots" for 2011. The recent discoveries from our development work has indicated that there is much more exciting exploration upside to the ECU story than we originally thought. So our focus this year will be twofold: 1) to significantly increase the size of the mineral resource and 2) to enhance the categorization of the resource by converting a significant amount of inferred into the "measured and indicated" category. Independent of commodity price increases, success in these two areas of focus will translate in to higher value for our shareholders".
About ECU Silver
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 Company holds a NI 43-101 compliant mineral resource of 40 million silver equivalent (0.6 million gold equivalent) ounces in the measured and indicated category and 391 million silver equivalent (6.0 million gold equivalent) ounces in the inferred category. The Company also owns two mills with a combined capacity of 820 tonnes per day. ECU's mission is to become a pre-eminent silver and gold producer through the development of its existing and potential mineral resources at Velardena.
Contact:
Michel Roy
ECU Silver Mining Inc.
Chairman and CEO
Torreon, Mexico
011 52 871 747 5750
Stephen Altmann
ECU Silver Mining Inc.
President
Toronto, Canada
(416) 366-2428
Mark Butler
ECU Silver Mining Inc.
Investor Relations
Toronto, Canada
(905) 602-4248
http://finance.yahoo.com/news/ECU-Silver-to-Amend-Terms-of-ccn-973425963.html?x=0&.v=1
NP. I know. Give it time to filter.
thanks suprised it did not show up on ihub...Market did not react to it
.??? Link...tia
I am in today...Was in SLW even though that is the mama bear it probably wont move %wise as some of these smaller companies. I see ECU is fully reporting though on the OTC....Looking to add. Other silver play I have is PSLV...next best thing to owning physical silver...JMHO
T...
News Today:
ECU Silver to Start Deep Drilling on Massive Sulphides in First Quarter 2011
TORONTO, ONTARIO, Dec 29, 2010 (Marketwire via COMTEX) -- ECU Silver Mining Inc. (TSX:ECU) is pleased to announce that it has signed a contract with LandDrill International to start drilling the high grade deep massive sulphide targets below the Santa Juana mine, on the Velardena Property.
A special high performance drill will be moved on site early in the first quarter and drilling will begin immediately thereafter to confirm the extensions of the intercepts that were reported in drill hole SJ-08-21 on July 9th 2008.
Drill hole SJ-08-21 intersected two massive sulphide veins (the "M-S Veins"). The first intercept yielded 3.66 grams per tonne (g/t) gold (Au), 295 g/t silver (Ag), 7.87% lead (Pb) and 12.07% zinc (Zn) (20 g/t Au equivalent or 945 g/t Ag equivalent) over a core length of 12.04 metres (40 feet). The second intercept yielded 7.90 g/t Au, 550 g/t Ag, 11.25% Pb and 27.68% Zn (39 g/t Au equivalent or 1,845 g/t Ag equivalent) over a core length of 1.75 metres (6 feet). Silver and gold equivalents are calculated based on current commodity prices.
The four key points regarding the M-S Veins include:
-- The grades in the M-S Veins are substantially higher than the Santa
Juana NI 43-101 Inferred Resource grades which supports the geological
model for higher grades of veins at depth.
-- Drilling has entered a zone where a multiple number of massive sulphide
lenses may be found, which is expected as drilling gets nearer to the
intrusive, which is associated with the source of mineralization in the
area.
-- The extent of the alteration zone is unknown as drilling has not yet
reached the intrusive and hence there is an expectation to find
additional massive sulphide lenses.
Between the date of the discovery of the M-S Veins and the fall of 2008, ECU tried to reach the same sector again to obtain additional intercepts but the drilling equipment used was not adequate enough to complete the task. In 2009 and 2010, ECU shifted its focus on production following the acquisition of the oxide mill with the objective to re-start exploration as soon as cash flows permitted it. This having been reached this fall, an exploration program was designed and approved which will use controlled deep drilling to cut the projections of the mineralized bodies at specific locations.
In addition, the Company intends to contract a surface drill to test new targets identified in recent months on the Chicago property as well as on the main Velardena property. In both cases, these targets were not included in the past NI 43-101 compliant mineral resources estimate.
Michel Roy, CEO of ECU stated, "It will be good to finally restart our exploration drive, starting with this high priority target that could be so important in defining the future of the Company. At the same time, other targets will be tested to confirm new areas of mineralization and define old ones."
Additional Information
Readers are cautioned that until a prefeasibility study is completed, there are no assurances these latest mineralized zones will be economically viable.
True widths are approximately 35% of core length for the massive sulphide veins. 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.
About ECU Silver
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 Company holds a NI 43-101 compliant mineral resource of 40 million silver equivalent (0.6 million gold equivalent) ounces in the measured and indicated category and 391 million silver equivalent (6.0 million gold equivalent) ounces in the inferred category. The Company also owns two mills with a combined capacity of 820 tonnes per day. ECU's mission is to become a pre-eminent silver and gold producer through the development of its existing and potential mineral resources at Velardena.
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.
SOURCE: ECU Silver Mining Inc.
CONTACT: ECU Silver Mining Inc.
Michel Roy
Chairman and CEO
011 52 871 747 5750
Torreon, Mexico
ECU Silver Mining Inc.
Stephen Altmann
President
(416) 366-2428
Toronto, Canada
ECU Silver Mining Inc.
Mark Butler
Investor Relations
1 888 513 3444
Toronto, Canada
Copyright (C) 2010 Marketwire. All rights reserved.
-0-
INDUSTRY KEYWORD: Manufacturing and Production/Mining and Metals
SUBJECT CODE: MINING EXPLORATION UPDATE
ECU Silver's Investor Presentation - December 2010
(ECU.TO ~ ECUXF)
From page 4:
* ECU has 1.4 silver eq. ounces per share
* ECU is trading at $0.90 per ounce
From page 7:
Significant “pure-play” precious metal resource
• 66% comprised of precious metals
* Resources are open laterally and at depth
• Mineral potential for another 570 to 930 million silver eq. oz.
From page 9:
46 Mineralized Veins
* Only 50% of property areas have been explored
* Vein resources from 200m to 1200m depth
* Series of high grades
• Up to 6000g/t silver and 229g/t gold reported
* Veins are parallel and steeply dipping
• Allows for low-cost mining
From page 10:
Massive Sulphides intercepted at depth of 1200m
* Have up to 8x higher grades than ECU resource
* Entered zone where multiple lenses may be found
* Size and extent of massive sulphide zone is unknown
* Drilling stopped before hitting edge of zone
Page 16:
INFRASTRUCTURE IN PLACE
Page 20:
SUMMARY
* +400 million ounce Silver Equivalent Resource
* High Additional Mineral Potential
* Existing Mining and Milling Operations
* Significant Gold and Silver Content
* Compelling Valuation
* Excellent Location
* Experienced Management
ECUXF looking great today.
Another great long term Buy and Hold.
Smitter SMTT
Silver is so undervalued Long term it's crazy. I know there is plenty but for a Portfolio Play, and 5 Yrs from now I bet Silver is Smoking Hot.
Smitter SMTT
TD raised its buy price to $1.50 on ECUXF. Silver is in a long term bull rally IMO. GLTA
Wow cool,
Yes Great company, and 2 boards is better than 1 LOL
Smitter SMTT
Should see another pop soon here HEY:)
Oilbull
ECU also has a board here on iHub where it's known by its Canadian trading symbol:
http://investorshub.advfn.com/boards/board.aspx?board_id=6098
Good people and good info there, too. Take advantage of both.
Yeppers
Strong company on it's way to great accompolishments.
A must add for the portfolio. Growth will be great here.
Welcome aboard
Smitter SMTT
Great company, added a positon on ECUXF to my stocks. It has doubled in the last few months, and strengthened in the dollar range. Not too many stocks make it out of penny land and stay in dollar land. GREAT NEWS TODAY!
ECUXF news about an hour ago.
Another Great Longterm Portfolio add imo...
Here is the News
ECU Silver Discovers Another New Vein on Velardena Property
Date : 12/20/2010 @ 9:58AM
Source : MarketWire Canada
Stock : ECU Silver Mining Inc. (ECU)
Quote : 1.23 -0.03 (-2.38%) @ 11:44AM
ECU Silver Discovers Another New Vein on Velardena Property
ECU Silver Mining Inc. (TSX:ECU) is pleased to announce that it has discovered
another new vein, the G1-lower vein, in the upper levels of the Santa Juana mine
located in the main Velardena Property. Assays included a section that graded
11.39 grams per tonne (g/t) gold (Au), 861 g/t silver (Ag), 3.64% lead (Pb) and
3.50% zinc (Zn) over 0.80 meters (2.6 feet).
Michel Roy, CEO and Chairman of ECU stated, "The most interesting aspect of this
new discovery is that it confirms the potential for the North-West extensions of
the known veins as well as opens the possibility of discovering additional veins
in that area. The discovery also adds over 100 meters (328 feet) to the known
extension of the Santa Juana veins system, which was calculated at 500 meters
(1,640 feet) beforehand."
The G1-lower vein was recently opened on level 17, over a strike length of 123
meters (404 feet) grading 5.73 g/t Au, 130 g/t Ag, 1.94% Pb and 1.37% Zn over an
average width of 0.45 meters (1.5 feet), including a section that graded 11.39
g/t Au, 861 g/t Ag, 3.64% Pb and 3.50% Zn over 0.80 meters (2.6 feet). The
G1-lower vein was discovered while the Company was investigating the North-West
extensions of a system of parallel veins, the CC, C0, C1, G1 and B's veins. The
G1-lower vein is parallel to the other veins and is between the CC and G1 veins.
It is an entirely new vein, not included in the Company's N.I. 43-101 mineral
resource report.
Stephen Altmann, President of ECU added, "The underground development on the
adjacent Velardena and Chicago properties continues to pleasantly surprise us.
At Velardena, we continue to see evidence of richer and thicker veins as well as
new extensions of known vein systems. At Chicago, the newly discovered veins
support the potential for a system of veins comparable to the extensive veining
on the Velardena Property."
Good Morning. Just a reminder as of today we're trading on the TSX.
"ECU Silver to Be Added to the S&P/TSX Global Mining Index
TORONTO, ONTARIO, Dec 13, 2010 (Marketwire via COMTEX) -- ECU Silver Mining Inc. (TSX:ECU) is pleased to announce that it has been added to the S&P/TSX Global Mining Index, effective at the open of markets on Monday, December 20, 2010.
The S&P/TSX Global Mining Index is a dynamic international benchmark tracking the world's leading mining companies. It aims to offer investors wide exposure to the world's mining markets by providing an investable representative index of publicly-traded international mining companies."
Good Morning, World Good Morning, ECUXF
I would like to welcome Psyopdude as our newest Assn't Mod
Smitter SMTT
Welcome New Assn't Mod
Feel free to update the board this is a long term investment for me.
Smitter SMTT
I am with you on that.
Good Morning, Time to start looking at producing companies imo...
I have not bought, and will continue to learn about the company.
Smitter SMTT
About ECU Silver
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 Company holds a NI 43-101 compliant mineral resource of 40 million silver equivalent ounces in the measured and indicated category and 391 million silver equivalent ounces in the inferred category. The Company also owns two mills with a combined capacity of 820 tonnes per day. ECU's mission is to become a pre-eminent silver and gold producer through the development of its existing and potential mineral resources at Velardena
Smitter SMTT
UPDATE 1-ECU Mining finds high-grade deposits at Mexico mine
http://www.reuters.com/article/idUSSGE6B50LF20101206?
feedType=RSS&feedName=basicMaterialsSector&rpc=43
Tweet ThisShare on LinkedIn Share on Facebook0diggsdiggRelated NewsATW Gold shrs up on positive drill results at Deflector deposit
Thu, Dec 2 2010
UPDATE 1-Silver Sun to buy mineral property in Mexico, shrs jump
Thu, Dec 2 2010
CORRECTED - CORRECTED-UPDATE 1-Walter Energy extends period for Western Coal
Thu, Dec 2 2010
UPDATE 2-Canadian drugmaker Patheon's CEO leaves; shares surge
Wed, Dec 1 2010
UPDATE 1-MAG Silver Mexico mine study indicates higher resources
Wed, Dec 1 2010Related TopicsBasic Materials »
Stocks »
Global Markets »
Stocks
ECU Silver Mining Inc.
ECU.TO
$1.32
-0.05-3.65%2:59pm EST
Mon Dec 6, 2010 11:27am EST
* Says finds "mantos-type" deposits at Chicago mine
* Says mantos deposits typically contain higher grades
* Shares up 11 pct
Dec 6 (Reuters) - ECU Silver Mining (ECU.TO) said on Monday it has uncovered high mineral grade deposits at its Chicago mine in Mexico, sending shares up 11 percent.
The Canadian metal explorer said it discovered a "mantos-type" mineralized zone in the underground development at the mine, which included a cut assaying 350 grams per tonne of silver over a width of three meters.
Mantos deposits typically contain higher-than-normal grades of silver, lead and zinc, the company said in a statement.
Shares of ECU, which is focused on exploration and mining of gold, silver and base metals in Durango, Mexico, have gained 36 percent since it uncovered new mineralization at the Santa Juana mine in its Velardena properties in November.
They were up 11 percent at C$1.33 in late morning trade on Monday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Roshni Menon)
Smitter SMTT
ECUXF could be another diamond in the rough
Smitter SMTT
Silver and Gold great combo for ECUXF
Smitter SMTT
I am going to find out the Share Structure
Smitter SMTT
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ECU Silver Mining Inc. is a Canadian-based, mining company, listed on the TSX trading under the symbol ECU. Actively engaged in gold, silver, lead and zinc exploration, mining and milling since 1997, the Company has a cluster of five mines in the historically prolific Velardeña mining district of Central Mexico, where it has had a series of major discoveries.
ECU has three properties within close proximity comprising the Velardeña District Properties. These are the main Velardeña Property, the Chicago Property and the San Diego Property (a 50% Joint Venture) all located in the prolific mining district of Velardeña. The properties are located in Durango State, central Mexico, situated approximately 95 kilometres south-southwest of the city of Torreón, Coahuila State, and 140 kilometres northeast of the state capital Durango.
The Velardeña Properties are located in the State of Durango, Mexico about 600 miles southwest of Houston, TX. In January 2009, ECU published its fourth technical report where it outlines a mineral resource containing over 30 million tonnes of silver, gold, lead and zinc. We have grown our mineral resource from 1.6 million tonnes in July 2005 to an enormous 30 million tonnes. This is over a 1700% increase in just 3½ years, a tremendous achievement!
An independent audit by Toronto-based Micon International, completed for the National Instrument (NI) 43-101 technical compliance report and reported January 20th, 2009, identifies a measured and indicated resource of 4 million tonnes containing 40 million ounces of silver-equivalent and an inferred resource of 26 million tonnes containing 391 million ounces of silver-equivalent.
The NI 43-101 technical report also includes a mineral Potential of 570 million to 930 million ounces of silver equivalent. The Company mines mineralized stope material from its mines and treats them at its wholly owned milling facilities.
ECU has a 320 tonne per day flotation mill (the Sulphide Mill) in the Village of Velardeña, where it treats its mineralized sulphide material to generate a lead/silver concentrate, a zinc concentrate, and a pyrite/gold concentrate. The Company also owns a 500 tonne per day cyanide leach mill (the Oxide Mill) adjacent to the Chicago Property, where it treats mineralized oxide material to generate silver/gold doré bars.
Major discoveries of gold and silver at the Company's Velardeña Properties have rewarded the team of mining professionals who have worked for more than a decade, determinedly developing and exploring the region.
ECU Silver has translated its exploration success into a significant mineral inventory consisting of over 46 mineral rich veins with a measured and indicated mineral resource of 40 million silver equivalent ounces and an inferred resource of 391 million silver equivalent ounces. Many of the veins and vein packages at the Velardeña Properties have demonstrated reliable evidence of continuity, laterally and at depth. This additional potential is represented by a Mineral Potential that has been quantified at an additional 570 to 930 million silver equivalent ounces.
ECU Silver also owns two operating mills with a combined capacity of 820 tonnes per day (tpd). A 320 tpd flotation mill (the Sulphide Mill) treats mineralized sulphide material to generate a lead/silver concentrate, a zinc concentrate, and a pyrite/gold concentrate. A 500 tpd cyanide leach mill (the Oxide Mill) treats mineralized oxide material to generate silver/gold doré bars.
ECU Silver is well on track to becoming a pre-eminent silver and gold producer through the development of existing and additional potential resources in the Velardeña district.
For Investor Relations and other queries, please contact:
Mark Butler
Investor Relations
(905) 602-4248
ir@ecu.ca This e-mail address is being protected from spambots. You need JavaScript enabled to view it
OTC Market Tier | Pink Sheets Current |
Computershare Investor Services LLC |
Share Structure December 31, 2010
Recent Share Price: $1.34
Market Capitalization: $413 Million
Shares Outstanding: 308,236,733
Warrants and Options: 65,675,426
Fully diluted: 373,912,159
52 Week high/low: $1.45/$0.54
Short Interest | 375,000 (-55.68%) Nov 30, 2010 |
Significant Failures to Deliver | Yes - Rule 3210 |
Great News Link!!!!! http://www.otcmarkets.com/stock/ECUXF/news
Link to Ni 43-101 http://www.ecu.ca/images/pdf/MiconTechnicalReportECUResourceEstimateV2.pdf
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