Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** Ag/Au/Cu/Zn/Pb related post (ECU.V ~ ECUXF.OB) ***


From Bill Murphy's 5-8 'edition' of LeMetropole Cafe:


The ECU press release ... out this afternoon:

This is what one of the major shareholders, who knows his rock stuff, has to say:

Bill
Every time I think ECU results can't get much better, BAM we get hit with even better news. The news that just came out today to me is a WHOPPER and is the best PR the company has made public since the beginning of the drilling program.

Normally, it takes me days to understand and try to quantify the numbers behind each PR, but I found today's PR to be much easier to understand and quantify.

These are truly impressive numbers, no matter how one evaluates them and here is why:

1)" The entire section has a true width of 28.0 meters, is opened both to the east and west horizontally and up and down vertically and grades 2.19 g/t Au, 55 g/t Ag, 0.20% Pb and 0.41% Zn, despite the fact that a 7.42 meters section was given a grade value of nil since assays on that part are still pending."

These grades are already excellent and could even improve as 26.5% of the entire section was given a grade NIL since assays were still pending.

2) "A further positive development is that the cross-cut will have to be continued as some veinlets were observed in the wall on the other side of the A4 vein. Thus there are solid preliminary indications that this whole stockwork section could continue on the other side of the "A4"vein and increase the overall width of the stockwork"

As impressive as the width already is, they are telling us they can already see that the width could even get better once they carry out the work on the "other" side of the "A4" vein. WOW!!!

3)" Being accessible immediately by the Company's actual underground workings as they exist without requiring significant new investment to develop it."

Not only are we talking about excellent high grade material here, but the company would have to spend very little money in the mine to actually produce it.

This to me is extremely significant as most people do not realize how expensive and time consuming underground preparations can be before major ore extractions can take place. In this case, the infrastructure is already in place, thus the company will be able to exploit and gain from this ore much rapidly and with little capital expenditures as normally would be required.

From my perspective, the real question left is:

HOW BIG does the NEW mill have to be? 3000tpd, 5000tpd 10000tpd!!!!!

4) "….and the fact we have only completed about twenty percent of our planned program, the Company would like to take this opportunity to provide a brief summary of the most…"

Amazing that the company has accomplished all these results and WE ARE NOT EVEN 20% into this program. And the real scary part is that they just started drilling a hole directly underneath this section

" We are currently drilling in this section as all necessary preparation work to start the hole was completed in the first week of May."

I am telling you my frined, this new discovery is massive on its own with what they know they already have, but should this current hole they just started drilling prove vertical extension of significance, this thing will go beyond parabolic!!!

Even scarier is the fact that they have yet to uncover the real source of all these veins they keep finding

A few backs when the stock was around $2.00, i wrote to you and "stated that $3.00 is a lay-up from here with this skarn discovery and $5.00 a little later as they better define the property".Well looks like i have to adjust my targets upwards shortly.

Good golly miss molly, I can't take this anymore!!!!!!!!!!!!!!!

***

http://www.lemetropolecafe.com/james_joyce_table.cfm?pid=5389