ECU Silver Mining Inc. (TSE:ECU)

[basserdan]

ECU Silver shareholders will own a piece of this when the consolidation with Golden Minerals becomes 'official'


From the Golden Minerals website:

Bolivia Paca-Pulacayo

In January 2011, we (Golden Minerals) closed a purchase and sale agreement with Apogee Minerals Limited ("Apogee") whereby we sold to Apogee all of the issued and outstanding shares of a Bolivian subsidiary which holds a 100% interest in the Paca Pulacayo property in Bolivia. Pursuant to the agreement, Apogee issued to us 5,000,000 of its common shares. Eighteen months following the closing of the transaction, Apogree will issue to us an additional 3,000,000 of its common shares and pay us a cash fee in the amount of $500,000.

In a recent PR:

Apogee Intersects 4.0 Meters Grading 350.75 g/t Silver and 8.0 Meters Grading 242.38 g/t Silver at the Pulacayo Deposit

Wednesday June 22, 2011, 8:00 am EDT

(excerpted)

Neil Ringdahl, CEO of Apogee, states, "The results from our fast-tracked drilling program continue to be most encouraging; this will undoubtedly have a positive impact on our updated resource statement which we plan to release in the fourth quarter, and also on the on the feasibility study for a multi-million ounce per year operation at Pulacayo." The feasibility study is scheduled to be completed in the first half of 2012.

More at:

http://finance.yahoo.com/news/Apogee-Intersects-40-Meters-ccn-1987448486.html?x=0&.v=1