*** Ag/Au/Cu/Zn/Pb related post (ECU.V ~ ECUXF) ***
ECU Silver Mining, Inc.: A new 50.1 meters '164 feet' green skarn intercept grading 0.39 g/t Au, 17.4 g/t Ag and 0.84% Zn
Tuesday June 20, 6:57 pm ET
TORREON, COAHUILA--(CCNMatthews - June 20, 2006) - ECU Silver Mining, Inc. (TSX VENTURE:ECU - News) -
- Confirmation of the lateral continuity of the mineralized green skarn (skarn #1) 100 meters (328 feet) west of the 91.7 meters (301 feet) section cut in hole # TA 17.5-04;
- Going west from the initial discovery, similar grades are encountered at much higher elevations, closer to actual workings.
ECU Silver Mining Inc. (the "Company") is pleased to announce results from additional drilling of the contact zone containing skarn sections. After confirming vertical continuity over 500 meters of the mineralized green skarn (skarn #1) encountered in holes TA 17.5-04 and TA 17.5-05A (see stockwatch 2006-04-03 ),the latest assays from Hole # TA 17.5-08 has also confirmed the lateral continuity of the same geological unit over a significant distance from our previous workings.
Hole TA 17.5-08 intersected the same mineralized green skarn 100 meters west of the previous intersects. The most significant assays are listed in Table 1A below with the entire section averaging 0.39 g/t Au, 17.4 g/t Ag and 0.84% Zn over 50 meters. What is most intriguing besides the grades is the fact that this intercept is only 50 meters below level 17.5.The significance of this higher elevated intercept is that this section of the skarn is much closer to the existing mining infrastructure, while assays remain similar to the deeper section encountered in holes TA 17.5-04 and TA 17.5-05.
TABLE 1-A
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DRILL HOLE # TA 17.5-08
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Sample # From To Core Au Ag Pb Zn Cu
(m) (m) Length g/t g/t % % % Comment
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Green
38004 29.5 31 1.5 10.00 14 0.18 0.63 0.13 skarn
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Green
38018 47.18 48.81 1.63 0.25 154 0.53 3.77 0.79 skarn
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37 Green
samples 26.60 76.74 50.14 0.39 17.4 0.10 0.84 0.10 skarn
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17
samples 26.60 48.81 22.21 0.78 22.3 0.10 0.90 0.06 Included
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The drilling program has thus far intercepted this green skarn unit
in several drill holes, four of them having yielded interesting assay
results; see Table 1-B below.
TABLE 1-B
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GREEN SKARN #1 INTERCEPTS
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Hole # Section Elevation Core Au Ag Zn Comment
approx. Length g/t g/t %
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TA 17.5-03 9700 1430 No significant assays
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TA 17.5-04 9700 1250 92 1.11 8.6 0.76
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First
portion
TA 17.5-05A 9700 1000 58 0.32 4.2 0.55 only
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TA 17.5-06 9600 1526 27 0.05 1.8 0.14
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Assays
TA 17.5-07 9600 1520 25 pending
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TA 17.5-08 9600 1483 50 0.39 17.4 0.84
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The data above illustrates that a clear trend have been established:
as we get closer to the center of the mineralized sector, and deeper,
we get better numbers. For example, the intercept in TA 17.5-08 is
much better than the intercept in TA 17.5-03 which corresponds to a
similar elevation but 100 meters to the east. As for the increase of
grades with depth, results from both sections demonstrate it clearly.
In summary, the data collected to this point from the "Green Skarn"
(skarn #1) include the following:
1) A 68.6-metre intercept with zinc mineralization containing gold and silver as disseminations or in veins and veinlets. This intercept averaged 1.08 g/t Au and 1.01 per cent zinc and included a 14.4-metre section grading 4.02 g/t Au and 1.73 per cent Zn., (see stockwatch 2006-04-03 );
2) A 50 meter intercept grading averaging 0.39 g/t Au, 17.4 g/t Ag and 0.84% Zn just uncovered in Hole TA 17.5-08;
3) This contact zone has a width varying between 100 to 250 metres on surface and can be followed for over 2,500 metres on the property;
4) Vertical continuity of over 500 meters;
5) Skarn is gently sloping towards surface as we proceed west and is much closer to existing infrastructure then initial contact section.
"The Company continues to be pleased with the data being harvested with our on going drilling program. Our geological model continues to strengthen with the confirmation of the lateral extension hole TA 17.5-08 demonstrated. The next set of skarn holes drilled will focus on the following areas: A) deeper in the same sections already encountered. B) new areas further west ,and C) at the center of the mineralized sector. Although a great deal of work is still required to better define and interpret the possible economical implications of this green skarn, the company is most encouraged with the average grades encountered to date given the massive size of the ore body in question. With the data collected from each additional drill hole, it is becoming more and more apparent that our property possesses the ingredients necessary to operate two separate mining operations. One operation will be to mine the high grade vein systems which has been clearly defined and will become abundantly clear once our 43-101 Technical Inventory report comes out shortly. A second bulk tonnage type operation that will be used to process the stockwork section and the skarn units," noted Michel Roy, president and chief executive officer of ECU Silver Mining
The company would also like to take this opportunity to remind all shareholders and interested parties that our Annual Shareholders Meeting will be held on Wednesday, June 28th, 2006 at 4:15 p.m. at the National Club (the Tudor room, third floor), 303 Bay Street, Toronto, Ontario, Canada.
All the samples represent the core length and may not be representative of the true width. Samples were assayed at ERSA, in Torreón, Coahuila, and at SGS facility in Durango, Durango, Mexico. Property specific quality control samples were inserted at regular intervals in the sample sequence.
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 a junior Gold, Silver, Zinc and Lead producer in the prolific mining district of Velardeña, Mexico where historically over 500,000 ounces of Gold and 250,000,000 ounces of silver have been mined. Full scale production began in May 2005 at the Company's Santa Juana mine. To ensure the Company is positioned for continued growth and expansion, and to take full advantage of the current record setting metals prices, the Company has a fully operational infrastructure in place, several months of planned production available from the current stopes, and ongoing exploration programs.
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