Replies to post #6453 on ~*~Mining and Metals Du Jour~*~

[basserdan]

ECU Silver Reports Record Gold and Silver Production in Second Quarter

Tuesday August 3, 2010, 3:00 am EDT

TORONTO, ONTARIO--(Marketwire - Aug. 3, 2010) - ECU Silver Mining Inc. (TSX:ECU; OTC:ECUXF - News) is pleased to announce that it has achieved record silver and gold output from its mining operations at Velardena in Durango State, Mexico.

In the second quarter of 2010 (Q2 2010) the operations generated silver totaling 106,887 ounces (Ag oz) and gold totaling 3,064 ounces (Au oz), which is a quarterly record. In addition, the mines generated 58,273 pounds of lead and 36,533 pounds of zinc. Expressed in terms of silver equivalent ounces (AgEq oz), and based on current commodity prices (see Table 1 below), total metal output was 314,754 AgEq oz.

 
 Table 1                                                                  
 ---------------------------------------------------------------------------- 
                                                            Silver Equivalent 
                       Commodity Price    Metal Output                 Output 
 ---------------------------------------------------------------------------- 
 Silver                     $17.50 /oz      106,887 oz             106,887 oz 
 Gold                        $1160 /oz        3,064 oz             203,096 oz 
 Lead                        $0.90 /lb       58,273 lb               2,997 oz 
 Zinc                        $0.85 /lb       36,533 lb               1,774 oz 
 Total.............................................                314,754 oz

Operations at Velardena have reached record levels since the Cyanide Leach Plant (Oxide Plant) was acquired with the best quarterly performance to date. Highlights for Q2 2010 versus the first quarter of 2010 (Q1 2010) include:

 
 --  15% increase in overall metal output compared to Q1 2010 to a record 
     314,754 AgEq oz.  
 --  2% increase in silver output compared to Q1 2010 to a record 106,887 Ag 
     oz.  
 --  28% increase in gold output compared to Q1 2010 to 3,064 Au oz. 

The Velardena operations recorded a much improved quarter as the gold and silver grades and recoveries increased. Mineralized material mined for silver and gold averaged 146 g/t and 3.23 g/t, respectively, an increase of 20% for silver and 15% for gold compared to the Q1 2010 while milling grades averaged 95 g/t and 2.79 g/t for silver and gold, respectively.

Stephen Altmann, President of ECU said, "The gold content of our mineralized material is proving to be quite substantive. Consequently, with higher gold grades, strong results from our mining and milling operations, and the recently announced sale of our pyrite concentrates, the third quarter should be an attractive quarter for ECU."

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, Chairman and CEO
ECU Silver Mining Inc.
Torreon, Mexico
011 52 871 747 5750

Stephen Altmann, President
ECU Silver Mining Inc.Toronto, Canada
[phone]

Mark Butler, Investor Relations
ECU Silver Mining Inc.Toronto, Canada
1 888 513 3444

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