Replies to post #483592 on Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** ECU Silver letter to shareholders ***

Letter to shareholders... (6-30-06)

Dear shareholders,

For once I think there is not much to add to or explain about the press release. We have met our initial targets and now the drilling program will be accelerated to insure we meet the new targets next fall.

Truly yours

Michel Roy

[basserdan]

*** ECU Silver (Coach247 reply to PR) ***


From Coach247 @ IHub's Mexican Gold & Silver (MEX) board

Today we got the official news released with the updated resource estimate for ECU Silver, and I just wanted to share a couple of comments of interest. More silver is produced from mines in Mexico than any other country in the world, yet most of the juniors active in that country do not get much respect from the analysts. The reason is that mines there are typically narrow vein epithermal deposits, and despite centuries of production, such deposits are very difficult and expensive to document a large tonnage of resources in order to be compliant within NI43-101 standards. ECU is a case study of this, with very high grade silver, gold, and base metals values concentrated into veins that often only measure a couple of feet or less in width. There have been many respected analysts that either cannot understand their production model, or state doubts that the company can be profitable working in such a challenging operating environment.

This latest news release is tangible evidence that ECU has proven the experts wrong. The magnitude of the mineral inventory defined so far is astounding. Just counting the resources outlined in the indicated and inferred categories, the company has reported 7.7 million tons proven up. Since these numbers do not even include the latest results from their drilling program, it is very likely that the total tonnage for just the near surface, narrow vein system will eventually amount to over 10 million tons.

To put that in perspective, there are more than 85 junior mining companies currently active in Mexico, and many of them are now in production. ECU Silver now has defined more NI43-101 compliant tonnage of epithermal vein material than all of the other juniors in production put together.

During the ECU AGM this week, Michel Roy stated that the company would like to increase the production capacity at the mill and recovery plant, and indicated that a 1300 ton per day operation would generate upwards of $70 million a year in cash flow. Again, that number blows away the forward cash flow estimates of all the other juniors in Mexico, and even challenges some of the mid-tiers that are working larger projects. But consider that at even 1300 tpd, working full capacity for 350 days per year, it would take 17 years to exhaust the mineral inventory we have already defined. Again, there is no other junior miner in Mexico that even comes close.

Combined, all categories of resources detailed in the report amount to over 100 million ounces of silver equivalent. What is even more astonishing is that ECU did not even factor in a value of significant base metals production in those numbers, which currently account for about 30% of the production revenue. Also, the company used a cutoff grade of 150 grams per ton silver equivalence and does not even consider zones of the deposit for the resource estimate that fall below that grade. So the impressive numbers that we have to work with now can be seen as conservative.

All of the above would elevate ECU head and shoulders above the other juniors in Mexico, some of which are also excellent companies, but the real kicker in all of this is that we have not even touched on the home run potential represented by the bulk tonnage mineralization at depth. ECU reported wide intervals of stockwork mineralization, some of which is already accessable with current underground development. This stockwork zone could contribute well above a million tons of ore to the mix. Also, we have already had reported several wide zones of skarn mineralization below that. My assumption is that the skarn zone will prove to be enormous, since they have hit it with every drill core to punch down that deep, and since the grades they have been reporting continue to increase with depth. It is very unlikely in my opinion that the company would have hit the very best intercept at random in the first drilling program to test for it. Other skarn systems in that district have amounted to tens of millions of tons of mineralization, and I would suggest that the early indications are that ECU will hit at least as much, if not more, by the time they have put a serious drilling program together targeting deeper structures.

All of the information that is now on the public record should be enough to prompt the skeptics to take a good, long look at ECU Silver. The company is clearly the class of the field, and as they continue to build value for shareholders, the share price should increase to many multiples of the current range.

Cheers!

COACH247

http://www.investorshub.com/boards/read_msg.asp?message_id=11839751
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[basserdan]

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


ECU Silver's Current Workings Average 12.85 g/t Au and 468 g/t Ag over 0.44 metres from 106 samples at Santa Juana Mine

Wednesday July 19, 4:49 pm ET

TORREON, COAHUILA--(CCNMatthews - July 19, 2006) - ECU Silver Mining Inc. (TSX VENTURE:ECU - News) -

- Average sampling of current workings yielded 12.85 g/t Au and 468 g/t Ag over 0.44 meters for 106 samples coming from 12 workings places on four levels;

- "San Mateo" vein was followed for 39 meters in the intrusive and yielded an average of 3.58 g/t Au and 591 g/t Ag over 0.39 meter;

- Purchased own drill with plans to add another three drills shortly.

ECU Silver Mining Inc. (the "Company") (TSX VENTURE:ECU - News) is pleased to announce new assay results from underground development and mining in the Santa Juana mine from the A1, A2, A3, A4 and Santa Juana veins on levels 15, 15.5, 17 and 17.5.

Results from Santa Juana Mine:

These 106 samples, gathered from various active areas of the mine, represent a fair picture of the type of material the Company is currently mining, and the type of blend that is being sent to the mill. Table 1 below illustrates that the average grades of all the workings yielded 12.85 g/t Au and 468 g/t Ag over 0.44 m. It is also a very strong support for the accuracy of the new NI 43-101 compliant technical report which reported an average of 4.95 g/t Au and 208 g/t Ag over 1.1 meter (diluted) for the indicated sulfide resources in the Santa Juana mine which corresponded to the area we are currently working in.

 
                   TABLE 1 - ASSAYS FROM UNDERGROUND WORKINGS 
 --------------------------------------------------------------------- 
                                      Width 
 Vein        Working  Level #samples      m  Au g/t Ag g/t  Pb %   Zn% 
 --------------------------------------------------------------------- 
 A2            raise  15,17       15   0.25    6.00    449  
 A3            raise     17        4   0.31    9.17     98  
 A4             Prep   17.5       26   0.70   14.72    641  5.52  6.40 
 SJ             Prep   15.5        5   0.47    4.56    144  
 A2             Prep     17        2   0.23    8.63  1,103  
 A1            Stope   15.5        6   0.68   23.57    170  6.64  7.28 
 A2            Stope  15,17       29   0.30   13.64    625  
 A3            Stope     17       11   0.31   10.55    306  
 A4            Stope     17        5   0.38    3.47    170  
 SJ            Stope   15.5        3   1.00   10.12     71  3.66 17.37 
 Average all workings            106   0.44   12.85    468 
 Diluted                               1.10    5.17    188 
 ---------------------------------------------------------------------

Update on the San Mateo Vein:

In other areas of the project, drifting going west on the San Mateo vein was in a sulfide type vein within a dioritic host rock as opposed to the oxidized material encountered in the drift going east in the limestones which yielded 4.27 g/t Au and 93 g/t Ag over 1.16 meter in an 85 meters section of drift (see Stockwatch June 1, 2006). Typical of that area, the vein is thinner with a mixture of spectacular assays for silver. However, it is far more consistent on this level than what had been observed on levels 1 and 2 and the much higher average silver grade, compared to the oxidized section, shows that silver is the predominant economic mineral in the non-leached portion of that vein. The Company plans to test this structure at depth by drilling to verify if this trend continues.

------------------------------------------------- 
                  TABLE 2- SAN MATEO 
 ------------------------------------------------- 
 Sample #      Width m Au g/t Ag g/t   Pb %   Zn % 
 ------------------------------------------------- 
 35750-51         0.43   4.12  1,354   2.68   2.50 
 ------------------------------------------------- 
 35752-54-55      1.84   2.10    198   0.53   0.64 
 ------------------------------------------------- 
 35753            0.27   3.10    188   0.76   0.16 
 ------------------------------------------------- 
 35769            0.25   3.78    176 
 ------------------------------------------------- 
 35772            0.25   2.63    288   1.02   0.75 
 ------------------------------------------------- 
 35773            0.40   2.15    164   0.24   0.14 
 ------------------------------------------------- 
 35774            0.40   2.97    982   1.99   2.56 
 ------------------------------------------------- 
 35775            0.30   2.93    127   0.51   0.07 
 ------------------------------------------------- 
 35776            0.33   3.53    229   0.40   0.45 
 ------------------------------------------------- 
 35777            0.15   3.87  1,017   3.60   2.62 
 ------------------------------------------------- 
 35778            0.26   4.03    445   1.29   0.71 
 ------------------------------------------------- 
 35796            0.34   4.03    213   0.86   0.30 
 ------------------------------------------------- 
 35924            0.32   3.14     24   0.19   0.18 
 ------------------------------------------------- 
 38326            0.40   3.65    302   0.39   0.21 
 ------------------------------------------------- 
 38333            0.32   4.90  3,729   9.16   6.01 
 ------------------------------------------------- 
 38338            0.32   2.25     35   0.13   0.08 
 ------------------------------------------------- 
 38358            0.30   0.80     99   0.27   0.07 
 ------------------------------------------------- 
 38367            0.30  19.80  3,187   8.64   7.84 
 ------------------------------------------------- 
 38371            0.18   1.20     22   0.03   0.07 
 ------------------------------------------------- 
 Average (39m)    0.39   3.58    591   1.47   1.21 
 -------------------------------------------------

Other developments:

The Company is pleased to announce it has purchased outright the drill and equipment being used by our contractor as of last Saturday to insure future drilling will continue unimpeded. Currently, the Company is operating with its own crews and work is progressing smoothly. Furthermore, the Company is in the process of purchasing another two underground drills plus one surface drill and hopes the transaction to be completed before the end of July.

The Company also wishes to report that our on-site laboratory is almost completed and should be fully operational by end of August. Once fully operational, this will be of great benefit to the company as:

1) Expenses from current assaying will be reduced significantly;

2) We will be able to process results in a matter of days instead of the current 4-8 weeks.

"The Company is pleased with the continued excellent results we are obtaining from the stopes and drifts of our vein structures on various levels. The grades speak for themselves. We are also most encouraged with the latest initial findings of hole TA 17.5 -09 in the stockwork section which is probing a new area and has already encountered heavy mineralization. The Company continues to gather further data that supports our decision to purchase additional drills, as we feel we are still just at the beginning of uncovering the orebody on our property. The completion of the on-site Lab shortly will be a great asset, especially given the quantity of samples that will be collected once we have three drills working at the same time." noted Michel Roy, president and chief executive officer of ECU Silver Mining.

At present time, hole TA 17.5 -09 in the stockwork section is probing a new area and has already encountered heavy mineralization in the first few meters. The Company intends to focus in this particular area and data from initial drilling have already been sent for assaying. Results will be reported as soon as they become available.

All widths are true widths. Samples were assayed at ERSA, in Torreon, Coahuila, and at SGS new 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 Velardena, 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.

http://biz.yahoo.com/ccn/060719/200607190338623001.html?.v=1