Résultats de forages, toujours plus fort ECU qui découvre une extension au ,nord est de terneras... pas large, on est d'accord, MAIS PUTAIN MATEZ LES TENEURS DE FOLIE...!!!

Vous voulez vous marrer? Elle perd 4.5%

kissonkons...



Normalement j'ai dû être éxé à 1.88 et 1.87 Cad$


ATAB

http://biz.yahoo.com/ccn/080331/200803310451865001.html?.v=1

Press Release

Source: ECU Silver Mining Inc.

ECU Silver Discovers Northern Branch of Terneras East
Monday March 31, 10:47 am ET
Highlights
- New vein identified as north branch of the eastern extension of Terneras vein, yields average of 2.2 g/t Au, 2,243 g/t Ag, 9.0% Pb and 6.9% Zn over width of 0.26 metres (0.85 feet). * c'est énorme mais pas large.

- High grade sample from north branch yields average of 2.9 g/t Au, 10,041 g/t Ag, 34.0% Pb and 21.8% Zn over width of 0.10 metres ' là, *c'est digne du Guiness book, mais encore moins large par contre (0.33 feet).TORONTO, ONTARIO--(Marketwire - March 31, 2008) - ECU Silver Mining (TSX:ECU - News; "ECU Silver" or the "Company") is pleased to announce the discovery of another new vein yielding an average of 2.18 g/t Au, 2,243 g/t Ag, 8.99% Pb and 6.85% Zn over a width of 0.26 metres (0.85 feet). This new vein is believed to be a northern branch of the Terneras East vein, the eastern extension of the major Terneras vein.

As previously reported, the Company is driving a north trending cross-cut that is east of the Tres Aguilas Fault which in turn is located in the eastern part of the main Velardena Property. Chip samples were collected from the east and west face of the cross-cut and from the north-end face of the cross-cut with results summarized in Table 1 below. The north-end face sampled a high-grade patch which is typically not part of the sampling process based on its width. However, the significant grades realized from the high-grade patch help to explain why historically, the Company has yielded mining grades which tend to be much higher than the average sampling grades.


Le tableau est explicite sur le lien donné en entête...

Des teneurs de folie...ENCORE...cette fois c'est sur le gisement prospecté en joint venture...

Et devinez quoi...oui...gagné... elle continue de baisser

mon ordre n'a pas été éxé à 1.88...on est à 1.72,
finalement j'ai du bol, LOL

je recharge de ce pas...


http://biz.yahoo.com/ccn/080407/200804070453311001.html?.v=1

Un beau film d'ECU

It can be viewed online via this link: www.ceoclips.com/media/Ecu_silver.asx. as well as our website - www.ecu.ca.


About The Biography Channel

"Over Half of Canadians in digital households watch The Biography Channel," Roper Report 2005. The Biography Channel finished #1 in awareness, viewer ship and importance to the enjoyment of cable in the latest Beta Research Subscriber study of digital cable subscribers and can currently be viewed in 800 000 Canadian homes.

Good news from ECU, de belles teneurs polymétalliques avec plein de Silver dedans...mais pas seulement...

http://biz.yahoo.com/ccn/080528/200805280464740001.html?.v=1


ya une ligne en tout petit qui donne des sensations fortes... JUSTE la zone de cette veine (seulement le nord de l'extension de l'Est d'une seule veine:

c'est donc une toute petite zone par rapport au domaine minier déjà impressionnant).

Et bien tenez vous bien, cette toute petite partie de l'actif minier recelerait un potentiel de ... 465 à 807 millions d'onces...de SILVER

voici l'extrait, mais tout l'article mérite un clic, le tableau notamment...

Citation:

Recent assays from a cross-cut in the northern branch of the eastern extension of the major Terneras vein ("Terneras East - North Branch") resulted in 19 cuts, total length of 70 metres, yielding an average of 2.15 g/t Au, 1257 g/t Ag, 5.06% Pb and 4.88% Zn over an average width of 0.4 metres (see Table 1). Eliminating four lower grade cuts and averaging cuts #1 to #15, total length of 45 metres, yielded an average of 1.64 g/t Au, 1,941 g/t Ag, 7.66% Pb and 7.20% Zn over 0.31 metres. The eastern extension of the Terneras vein ("Terneras East") is one of certain key areas where the Company has identified a Mineral Potential of 465 to 807 million silver equivalent ounces as disclosed in the most recent National Instrument 43-101 Technical Report which was audited by Micon (the "Micon Report"). An east-west trending drift has so far, been opened for 70 metres along the Terneras vein and is continuing laterally in both directions. Terneras East is quite interesting as it is completely open for another 400 metres laterally and for more than 600 metres at depth. Recent development work in the area has been focused on the north branch of Terneras East where grades and widths above cut-off are being systematically encountered. The eastern side of the Terneras vein is proving grade and width continuity which are the two key criteria in the requirements to convert from Mineral Potential into an inferred mineral resource.

_________________
SILVER is KING...Go GOLD...!!!

Plus on creuse et plus c'est riche qu'on vous disait...en voici une confirmation supplémentaire...prenez la mesure de ces teneurs...impressive indeed, isn't it?



http://biz.yahoo.com/ccn/080626/200806260471015001.html?.v=1

la même news plus détaillée ( pdf de 2 pages) + les commentaires très détaillés de Mexico Mike


ECU SILVER DEEP DRILLING ENCOUNTERS MINERALIZATION AT
DEPTH AT SANTA JUANAhttp://www.kitco.com/pr/1267/article_07022008123238.pdf
Hi Bill!
I see the market is reacting as usual to some pretty good news from ECU. Perhaps some people do not appreciate the magnitude of this latest NR, so I will attempt to outline what I think is significant.

The first thing to realize is that these results came from underground drilling completed from stations at level 18 of the mine, in the SantaJuana zone. I have been in the mine on this level, and it is a long way underground, something like 400-500m below surface (about a third of a mile). This drill core punched about 900m BELOW that level so weare talking about very deep below the surface, and still the company has hit some potentially economic resource in this mineralization.

Now most vein systems in Mexico are hydrothermal, which means they were formed from the circulation of heated, mineral-rich solutions in cracks of the rock. They typically pinch out with productive elevations of a few hundred meters. ECU is basically reporting that
this is something special, and far greater potential tonnage than the vein resource model. The system just goes and goes to depth, with several distinct geological regimes represented and different types of mineralization encountered. There is the potential that this intensely altered system could extend to other parts of the project area controlled by the company, and it could be a huge deposit. This is course would be news to the market, since so many people still think of the company as a narrow vein niche player.

The holy grail for this project has always been the potential for a bulk tonnage system at depth. We have seen reports of skarn intercepts at various parts of the deposit for a couple years. The lack of a deep drill rig prevented getting further to test that. Until now...

The current resource zones as reported in the updated NI43-101 estimate only go to about 900m depth. This latest drill core result extends more than 450m below that. Think about the implications overall for the entire resource if they can continue to step out this new area to depth.

The calcite veins they reported are fairly narrow, under a meter in true width. But if you look at how close they all come together, there are resource blocks there that are similar to the MC encountered elsewhere in the mines.

Further below that, we are told that another new type of mineralization was encountered, the massive sulphides, and assays are pending. The presence of massive sulphides would indicate we are getting closer to the intrusive. The drill bit ended in mineralization so we do not know the full extent, but it could be that the company has finally come to the contact body that was always expected could exist to depth and be the source of all of the veining near surface. This is what Michel Roy has been working for 10 years to prove up. We could be on the brink of this discovery now. It would elevate ECU to the ranks of the top discovery stories in Mexico for once and for all, on the same significance of the Penasquito Deposit for Glamis/Goldcorp.

There are just so many fundamental reasons to buy this stock right now and its a big surprise to me that the market is not jumping all over this news. I know I am preaching to the choir here and that most people who read this are already aware that ECU is something special. We are going to be hearing a lot more from this discovery area and perhaps we can finally start feeling optimistic that our confidence in this company will be rewarded. My guess is the market will not be able to ignore this story much longer.

For full personal disclosure, I have owned ECU for many years, and the company is a paid advertiser on my website.

cheers!
MexicoMike
www.smartinvestment.ca

ECU Silver Mining

An Extraordinary Junior Mining Company –
JULY 2008
UPDATE

By Adrian Douglas


source www.lemetropolecafe.com

Deep Encounters of the First Kind!
In October 2006 I wrote an extensive article on ECU Silver Mining which
discussed at length the geological setting and the exploration potential of the
company (ECU Silver Mining – An Extraordinary Junior Mining Company. http://www.lemetropolecafe.com/pfv.cfm?pfvID=5676).
accessible en lecture publique, ici

I am now writing an update to that article because the company is on the verge
of what could be an event of epic proportions in the company’s evolution. In
that article I said:
“The geological phenomenon associated with intrusives suggests there could
be a real bonanza as the exploration goes deeper in Velardeña. Already more
numerous veins have been encountered with increasing depth, including the
discovery of new stockwork zones, and the vein width and grades are increasing
with depth. As the skarns are explored further, there is also the possibility of
encountering massive sulfide lenses which are typically found near the
intrusive/skarn contact”
That was written almost two years ago so I was very excited to read the press
release made by ECU on July 2, 2008.

“ECU Silver Deep Drilling Encounters Mineralization at Depth at Santa
Juana”
http://www.ecu.ca/s/NewsReleases.asp?ReportID=309848&_Type=News-Releases&_Title=Ecu-Silver-Deep-Drilling-Encounters-Mineralization-At-Depth-At-Santa-Juana
Investors will very shortly find out if the company has indeed hit the
“mother lode” of its exploration potential that I postulated could be the real
“bonanza’ of the Velardeña property if the geological model is correct.

Judging by the recent stock performance investors are not paying attention to
this potentially game-changing exploration activity. I would like to point out
why this deserves serious consideration by the investment community.
To understand the significance of the latest deep exploration drilling let’s
make a recap on the geological environment with some excerpts taken from my 2006
article.
Talking Geology – “Intrusions” are welcome! – Especially the Second Time
Around!
The geological environment of the Velardeña region is very complicated. The
source of the silver, gold and base metal deposits is from magma intrusions that
thrust their way into the overlying limestone formations to create what is known
as a “skarn”. Understanding the geological model, even at a rudimentary level,
is absolutely essential to understanding the vast potential that ECU has to add
resources and reserves, and why it is an extraordinary situation.

During the Cretaceous age (between 135 million years ago to 65 million years
ago), in what was then a marine environment, calcareous sedimentary deposits
(limestone) were laid down which over time and with burial formed massive
limestone layers.
In the Central Mexico region where Velardeña is located, toward the end of
the Cretaceous geological age, in a period known as the Laramide Orogeny,
tectonic activity caused the limestone layers to be buckled into mountains and
valleys and also caused extensive faulting and fracturing. This was a very high
energy geological event which gave rise to the Rocky Mountains and the Sierra
Madre mountain ranges, which can be seen to have been folded in a NW-SE
alignment. This immense disturbance of the earth’s crust gave rise to a period
of magmatism and volcanic activity. The liquid magma was squeezed through cracks
and faults in the overlying rocks. When the magma escapes to surface it is
“extrusive’, which we know as a volcano, while if the magma is contained within
the rock it is “intrusive”.
A generalized schematic of an acid magma intrusive is shown in Figure 1.
The magma intrusive is acidic in nature and extremely high temperature (300
to 500 degrees Celsius). The hot, acidic intrusive reacts with the overlying
limestone in a complex geochemical reaction. The contact zone between the magma
and the limestone is a zone of intense metamorphosis and the chemically altered
rock is called “skarn”. As the intrusive magma continues to force its way into
the limestone, it causes uplifting which leads to radial cracks or fractures as
shown in Figure 1 in the plan view. There may also be other cracks or faults in
the rock that were pre-existing before the magma intrusive event.

At this stage hydrothermal alteration may occur. Superheated aqueous fluids
are created by the heat of the intrusive magma and underground water and
volatile fluids that come from the magma. These fluids dissolve metals and
minerals and concentrate them. These hot fluids percolate through the fractured
limestone rock depositing the minerals and creating the mineralized veins by
filling the fractures. This percolation may continue for hundreds of thousands
of years.

The crystallization of minerals occurs in the fractures at shallower depth
first as this is the coolest environment. The dissolution of the limestone wall
of the fractures in the hydrothermal alteration process is most aggressive near
the intrusive because the circulating fluids attain their highest temperature
there and as a result the pressure and velocity of flow are highest. This
explains why the mineralized veins typically have an increasing aperture with
depth. The fact that the deposition of minerals occurs last of all close to the
intrusive means that the mineral content can be expected to be higher close to
the skarn. The residual fluids after the fractures are mineralized are cooked
over time and may result in the formation of massive mineral sulfide lenses.


In Velardeña there were several magma intrusives that were forced up from
below the earth’s crust. The first was in the San Mateo area and was not
associated with any mineralization. A plan view of these intrusives is shown in
Figure 2. The first intrusive is shown in blue shading.
The magma intrusive created fractures in the limestone and the contact zone
was cooked into metamorphic skarn rock but there were no dissolved metals in the
hydrothermal fluids at that time and so no mineralization occurred. The
intrusive is mainly diorite, a material similar to granite but with less quartz
content.
At a later stage there was a second phase of magmatic intrusion. These are
shown in green shading in Figure 2. Figure 3 shows a simplified representation
of the intrusives in the Santa Juana/ San Mateo area in a cross-section looking
NW (the section A-A indicated in Figure 2).


The second intrusive in the Santa Juana/ San Mateo area intruded through the
same weakness of the limestone formation as the first intrusive. This caused not
only fracturing of the intruded limestone, but also of the first intrusive
thereby creating conduits through which later mineralizing hydrothermal fluids
could circulate.
The second intrusive event was accompanied by mineralization. The circulation
of superheated aqueous, mineral rich, volatile fluids led to the transport and
deposition of minerals that can be seen in the Velardeña vein systems.


The geological phenomenon associated with intrusives suggests that if the
source of the mineralizing event can be located where the veins meet then there
is not only the possibility of very densely spaced veins of wide aperture and
rich grades but also the possibility of very mineral rich massive sulfide
lenses. Such a discovery would, by its nature, be a candidate for underground
bulk mining.

Over the last two years ECU has done an outstanding job of extending its
mineral inventory to 217 million silver equivalent ozs and up to 960 million
silver equivalent ozs of potential mineral have been identified. It should be
noted that ECU has been very conservative on their resource estimates and a
large portion of their “potential” category could be reclassified as “inferred”
with very little extra sampling. The impressive increase in mineral inventory
and potential minerals has, however, only been achieved by way of extensive
exploration and delineation of the vein system and only includes mineral
inventory up to 450m below level 18. The latest deep drilling extends 900m below
level 18, twice as deep as the current limit of resource estimates, so the
discovery of massive sulfides would dramatically INCREASE the current NI-43-101
resource estimate. The new drill results down to 900m below level 18 should also
allow a significant amount of “potential minerals” of the current NI-43-101,
(the portion located between 450m and 950m below level 18), to be re-classified
as “inferred mineral inventory”.
Looking to Make Contact!
Let’s examine the latest press release of July2, 2008.
ECU stated:
QUOTE
The high number of mineralized veins encountered are consistent with the
geological model as they are within the marble/skarn alteration zone that
envelopes the intrusive event, which in turn sourced the vein mineralization of
the Santa Juana veins system. We believe the Calcite Veins are within an
alteration zone that surrounds a potential deep seated massive sulphide
replacement (Mantos-type) body. This is further supported by the presence of the
M-S Veins 48 metres (160 feet) below the Calcite Veins. Confirmation of assay
results for M-S Veins is pending.
END
As one approaches the contact of the intrusive one would expect three
types of mineralization created through metamorphic alteration. First there are
densely spaced calcitic veins that are consistent with the limestone being
cracked by the intrusive and the cracks being filled with metal rich minerals.
Second there are cracks in the alteration zone filled with massive sulfides, and
then thirdly there are the massive sulfides formed at the intrusive contact.
From the press release we can see that the depth capability of the drilling
equipment was reached (900m) before reaching the contact of the intrusive. What
ECU is referring to as “Massive Sulfide Veins” could already be the start of a
massive sulfide lens because the first “vein” is almost 4m thick and drilling
ceased while in the second “vein”. This massive sulfide lens could easily be
tens of meters thick, and judging by the size of the intrusive could have
lateral extent in the hundreds of meter range.
What is extremely intriguing is that ECU released the assays for the calcitic
veins but did not release the results from the Massive Sulfide veins. They said
“confirmation of assay results for M-S Veins is pending”. Note it is not
the assays that are pending but confirmation of them. I can think of only one
viable reason why assays would have to be “confirmed” and that is because they
are extraordinarily good! I titled my 2006 article “ECU Silver Mining - An
Extraordinary Junior Mining Company” and my interpretation of this press release
is that they may well live up to that billing by announcing some extraordinary
results. We will know very shortly.
When I wrote my article in October 2006 the silver price was $11/oz and ECU
had only 98 million ozs of silver equivalent of NI-43-101 compliant mineral
inventory comprised of:

• 17.4 million Indicated silver equivalent ozs.
  
  
• 81 million Inferred silver equivalent ozs.
  

The stock was trading at CDN$2.50. The company has now booked 217 million
silver equivalent ozs of NI-43-101 compliant of mineral inventory comprised
of:

• 37.6 million Measured & Indicated silver equivalent ozs.
  
  
• 179.0 million Inferred silver equivalent ozs.
  

The Company has also identified an additional mineral potential range of 549
million to 960 million silver equivalent ozs yet the stock is trading at $1.68!
Furthermore, the silver price is $18/oz. ECU stock is probably at least a factor
of 10x undervalued and should be trading at closer to $16 than $1.68. The fact
that ECU has been categorized as a thin vein mining play has unjustifiably held
down its valuation. The current deep drilling results could dramatically change
ECU’s prospects. The discovery of massive sulfides in a large lens with
extraordinarily rich grades could transform the company’s fortunes and the true
valuation of the company could be recognized by the market in explosive
fashion.
Michel Roy, CEO and Chairman of ECU, is an extremely talented and experienced
exploration geologist. The geological model he defined has been proved correct
in press release after press release and by the astonishing growth of NI-43-101
compliant resources. The geological prowess of the ECU team is exemplified by an
outstanding discovery. In August last year the company announced they had
located the western extension of the Terneras Vein which had eluded all previous
exploratory efforts for over 100 years! Michel Roy’s team located it!
The ECU team has demonstrated they are world class explorationists and now
they have drilled a deep hole that has intercepted mineralization near the
intrusive that has long been postulated to be the biggest exploration jewel of
the Velardeña property. The assays of the calcitic veins show good grades and
increasing gold and silver content with depth. In respect of the Massive Sulfide
veins ECU is apparently needing to “confirm” the results. The track record of
ECU can only lead me to believe that this could be the most exciting news out of
the company yet.
Watch this company closely. It could, yet again, turn out to be
“extraordinary”!
ECU Silver Mining trades on the Toronto exchange under the symbol ECU.TO and
on the NASDAQ Pink Sheets as ECUXF.PK
Adrian Douglas
July, 2008
adouglas@marketforceanalysis.com

For full disclosure I am pleased to say that I am a long
standing share holder of ECU. This article has not been commissioned by ECU and
I have not, nor will I, receive any compensation for writing it. Mineral
exploration is a tough business with many risks involved; please factor your own
risk tolerance into any investment decisions.

ECU Silver Hits Gold at Depth
Wednesday September 3, 9:33 am ET




http://biz.yahoo.com/ccn/080903/200809030483440001.html?.v=1

Plus ils creusent et plus il y en a



http://biz.yahoo.com/ccn/080911/200809110485440001.html?.v=1

ECU Silver –Success of Geological Model Leads Closer to Reaching Ultimate Exploration Goals

Dear fellow Shareholders,

Needless to say the past 14 months and particularly the last 2 months have been very turbulent times for the mining sector and the capital markets in general. Due to the most recent, and still ongoing, severe correction we are experiencing in the equity markets, we felt it important to update our shareholders on our key exploration strategy. In particular, the purpose of this letter is to update our shareholders on the Company’s exploration accomplishments since early this year, where we stand today, and where we hope to be in the near future.

We are pleased to report that our Company has continued to advance considerably in our resource development. We have announced highly material exploration results over the past several months. These results and subsequent interpretation are confirming our geological model for the area in a spectacular way in terms of assays, widths and additional potential. Our model has always ascertained that as we continue to drill deeper, we should encounter richer grades and thicker areas of mineralization. Hole 21, our deepest drill hole to date, is just further proof that the model is indeed on the right track to uncovering further deep massive sulphides at depth.

In order for you, our valued shareholders, to better understand our excitement despite the current state of the equity markets, we wish to provide you with a simplified geological explanation from a regional and local perspective. In doing so, we hope to provide clarity in the importance of our current mineral resource. Our efforts over the past months is well on the way to demonstrating the underlying mineral potential, with regard to additional high grade veins and to the significant implications of our recent discovery of the massive sulphide veins.

REGIONAL MODEL

Regionally, there are several intrusive bodies that are known to be associated with precious and/or base metals. These intrusions are bodies of igneous rock that have crystallized from molten magma below the surface of the Earth, essentially an underground volcano. These intrusives gave rise to a significant amount of veins, as seen at Velardeña, and also to deeper massive sulphide replacement bodies at depth.

Five of the largest and best known intrusives in the region are situated within mineral rights owned by ECU and Peñoles, the world’s second largest silver Company. Three intrusive bodies each lie under ECU’s main Velardeña Property, the Chicago Property and the joint-venture San Diego Property. The other two intrusive bodies are associated with Peñoles’ Santa Maria mine and its Reina del Cobre mine.

When these intrusions occurred, the intense heat and fluids that accompanied them caused a recrystallization (a metamorphosis) of the pre-existing and surrounding limestone. The size of these intruded zones varied as a function of the local heat and quantity of hydrothermal solutions. These intruded zones created a “Contact Zone” (or “Alteration Zone”) varying in width from 5 metres to 500 metres and basically forming a type of buffer between the intrusive and the limestone. The rock types contained in the Contact Zones are; i) marble, if the limestone was only affected by heat, ii) skarns, if the limestone was affected by heat and hydrothermal solutions, iii) a multitude of various shaped intrusive bodies and iv) secondary intrusives, that are extensions of the main intrusive. When there is a large quantity of these secondary intrusive bodies, as evidenced within the Velardeña District, the Contact Zone is much wider and more often mineralized.

Precious and base metals in the Velardeña region are found in veins or replacement bodies. The replacement bodies are found in the Contact Zone, closer to the main intrusive or close to a secondary intrusive body. The size of these replacement bodies are often related to the quantity of hydrothermal solutions that permeated the Contact Zone in that area. Hence the larger replacement bodies are typically due to areas with larger quantity of fluids. These areas are generated from regions with a higher intensity of metamorphism which in turn, are areas where the skarn predominates. A secondary indicator in the Velardeña district is that replacement bodies are often associated with skarns containing green garnets which are called “Green Skarn”.

As for our veins, they are basically found everywhere, in limestone, marble, skarn and intrusive. This is because they represent the distal emplacement of hydrothermal fluids that filled existing fractures or fractures created by the emplacement of the intrusive as it pushed up into the limestone. The veins lie spatially above the intrusive and so following them downwards will bring us to the specific intrusive that brought the fluids and, if they exist, to the replacement bodies associated with it.

As a last detail, the large intrusives are not a single event, they are normally a multi-phase geological phenomenon with the latest phase intruding the earlier phases. Most of the mineralization is associated with the latest phase events which means the veins can often be found cutting the earlier phases.

VELARDENA PROPERTY INTRUSIVE

The Velardeña Property intrusive (Figure 1 - Plan View), a diorite, is basically shaped like an eggplant pointing to the north-east where the narrow end underlies our Santa Juana vein system. The Santa Juana vein system is oriented in a north-west to south-east direction and as such is orthogonal to the long axis of the intrusive. The vein system lies within a major fracture system that coincides with the Contact Zone at depth. This last point can better be seen in the Orthogonal Plan View (Figure 2 – Orthogonal Plan) which shows the A4 vein in blue. The A4 vein is the most prominent vein in the Santa Juana vein system and it represents the edge of the package containing the veins of the Santa Juana system, bounded on the other edge by the Santa Juana vein. Since the A4 vein is the most consistent vein among the Santa Juana veins, it is the easiest to follow at depth and we can normally cut it with drill holes very close to the projected position. This is why we could interpret the massive sulphide intercepts of drill hole 21 as being part of the A4 vein because core angles and projections from above permitted this interpretation with a very high degree of confidence.

The other major east-west veins such as Terneras, San Juanes, San Mateo, and Hiletas are cutting through all the rock types within the Velardeña Property. This is interpreted as fracture filling from the same, or a similar, event that created the Santa Juana vein system. In these cases however, we do not observe such a thick package of veins, and as such the mineralization source may be deeper or the pattern is related to a more competent host rock that was more brittle and consequently created large fractures instead of several smaller ones. So there is a possibility that we shall encounter a smaller intrusive, centered on the nose of the big one, at depth and that most of the mineralization is related to it. On the other hand, because of the distribution of sulphides vs calcite in the veins in the Santa Juana system, there is a strong presumption that we have at least two mineralizing events. The first created the veins containing sulphides that were mined and explored between surface and level 19 while the second would have created the massive quantity of calcite observed at depth starting at about level 19 as well as the sulphides found deeper in hole 21 but not sufficiently defined yet to determine the level at which they would be starting.

SANTA JUANA CURRENT

In order to properly represent what we are looking for and was found recently, the best place to start is the Longitudinal Section showing the A4 vein looking north (Figure 3 – A4 Longitudinal Section). This vein is critical in our interpretations as it represents the western edge of the system while the Santa Juana vein, mined to surface, represents the eastern edge. The Santa Juana vein system is essentially a 100 metre thick sandwich, with the A4 vein and Santa Juana vein representing the bread on both sides. These two major veins are also easier to correlate since they both have strong continuity. Both these veins have been mined above level 18 for hundreds of metres vertically and horizontally.

Focusing first on the A4 vein, we had identified an inferred resource block in the last 43-101 that contributed to a major portion of the total inferred block for Santa Juana. That block was based on drilling below level 18 (elevation 1500) which helped to prove the continuity of the Santa Juana vein system, and specifically of the A4 vein. Not only, was it one of the largest blocks of inferred resources, but it contained considerable information with relatively little additional work required to upgrade it to an indicated classification.

However, we suspected that the A4 vein continued at considerable depth based on the information we had. With that idea in mind, hole 21 was drilled at a very deep depth for two reasons. First, was to confirm continuity at depth. Even though it was a very long step out from the depth limit of the current mineral resource, we had every reason to believe the A4 vein would be there based on the strength of the system and the fact the A4 vein had been shown to be continuous for over 600 metres above the previous deepest drill intercept. The second reason was to verify the geological model suggesting that the increasingly calcite-rich vein would change to massive sulphides at depth. With intercepts of 3.66 g/t Au, 295 g/t Ag, 7.87% Pb and 12.07% Zn over core length of 12.04 metres, hole 21 certainly confirmed both.

The follow-up holes were then logical step outs to prove that the A4 vein was continuous within the block to be evaluated. To do that, three holes were drilled on a first tier close to elevation 1100 (i.e. 1100 metres above sea level), they were holes 22, 23 and 24. The first were aimed at both sides to confirm lateral continuity while the third was aimed at the center, more to evaluate the progression from calcite to sulphides at that level. Both 22 and 23 confirmed the continuity with grades well above average for the deposit while hole 24 was abandoned due to excessive flattening which would have brought it level to previous holes.

Hole 22 also intercepted a gold/copper rich vein at the contact between a green skarn and marble. (Figure 4 – A4 vein Cross Section). Although this vein was never encountered above, we think it is of significant interest as it is located at a major geological contact and could have good continuity as we go deeper. More holes will need to be drilled to confirm this idea.

Now holes 25, in progress, and 26 are aimed at proving the lateral continuity at a much greater depth, near elevation 750. As well, the metal contents and nature of the vein will be extremely useful in planning future holes as it will probably show that hole 21 was not in the center of the axis of the sulphide body. We can then focus on the side which shows the best results. If holes 25 and 26 confirm the continuity of the A4, the initial objective will have been achieved, namely proving that the block being investigated does indeed contain the A4 vein and we can then move to the next stage, which is definition drilling within that block.

CONCLUSION / OUTLOOK

While our current mineral inventory of over 200 million silver equivalent ounces is already substantial, the Company is of the opinion that there is considerable evidence of much more mineralization at depth. This view is based on the numerous amounts of data collected, interpreted and integrated into our MineSight computer program since the beginning of the year. With each successive drill hole, our geological 3D model continues to gather high quality evidence that further confirms the regional model. In essence, the deeper we drill, the wider and more richer the grades should become.

So why all the excitement by the company’s geologists?

The deepest drill intercept to date among all our Velardeña Properties, hole 21, returned the best combination of assay results and widths of all the hundreds of holes we have drilled previously. Never before has the company encountered such a thick, four metres, intercept of massive sulphides combined with excellent grades. Although there has been a few intercepts in other holes that yielded better grades, never had we encountered both excellent grades and width together as found in drill hole 21. The thickness is very important as it shows that the system is increasing in strength as we go deeper from the current workings, as predicted by the geological model.

We are currently drilling hole 25 and then hole 26 will immediately follow. Once hole 26 is completed, the Company will commence deeper drilling by pushing holes 21 and 23 up to 200 metres deeper than they were originally drilled. Consequently, if our geological model continues to be correct, the Company fully expects to find more of the same quality mineralization as we discovered in hole 21. That is, a rich high grade and wide mineralized vein/body at depth.

Cautionary Statements and Additional Information:

Readers are cautioned that until a prefeasibility study is completed, there are no assurances these latest mineralized zones will be economically viable. True widths vary between 50% and 65% of core lengths. Samples were assayed at the ERSA laboratory in Torreón, Coahuila, Mexico which is currently in the process of being certified. Mr. Michel Roy, P. Geo., a “qualified person” within the meaning of NI 43-101, prepared the technical information disclosed in this news release.

Readers are also cautioned that despite the Company’s belief that our geological model will continue to be correct there are no assurances that further drilling results will yield economic grades and widths.

ECU Silver Mining Inc. is focused on the exploration, development and mining of gold, silver and base metals at its Velardeña District Properties in Durango, Mexico. The area is comprised of three properties, the Main Velardeña Property, the Chicago Property and the San Diego Property. The properties are located near to each other and include five historical mines - Santa Juana, Terneras, San Mateo, San Juanes, and the San Diego mine. ECU’s goal is to establish a significant polymetallic mineral resource in the heart of Mexico. ECU's mission is to become a pre-eminent silver and gold producer through the development of existing, and additional potential resources at Velardeña.

For further information please visit www.ecu.ca or contact:

CHF Investor Relations ECU Silver Mining Inc.

Chris Haldane, Account Manager Stephen Altmann, President

Tel: (416) 868-1079 ext. 237 Tel: (416) 366-2428

Email: chris@chfir.com Email: ecu@ecu.ca

DIAGRAMS

Figure 1 - Plan View



Figure 2 – Orthogonal Plan



Figure 3 – A4 Vein Longitudinal Section



Figure 3 – A4 Vein Cross Section

And more good news from ECU Silver again, as it closed higher admist the deluge:

http://www.ecu.ca/s/NewsReleases.asp?ReportID=321133&_Type=News-Releases&_Title=Ecu-Silver-Signs-Concentrate-Sales-Agreement

http://biz.yahoo.com/ccn/081023/200810230492892001.html?.v=1

ECU Silver Finds Veins Above Old Workings
Thursday October 23, 9:04 am ET

Highlights- Underground development identifies mineralization above old workings.-- 16.3 grams per tonne (g/t) Gold (Au), 2,397 g/t Silver (Ag) over 0.60 metres (2 feet);-- 19.0 g/t Au, 1,274 g/t Ag, 6.31% Lead (Pb), 5.74% Zinc (Zn) and 1.45% Copper (Cu) over 0.26 metres (1 foot);-- 11.4 g/t Au (in diorite) over 1.7 metres (5 feet).TORONTO, ONTARIO--(Marketwire - Oct. 23, 2008) - ECU Silver Mining (TSX:ECU - News;
"ECU Silver" or "the Company") is pleased to announce further
exploration results from the Santa Juana mine within the main Velardena
Property. While the majority of the Company's exploration discoveries
have been below the old workings (areas historically mined), recent
development has confirmed additional mineralization also continues
above these old workings, as evidenced by the recent high grade
results. These results are from the Santa Juana mine, which remains the
main zone of the Velardena Property.

<table class="ad_slug_table" border="0" cellpadding="0" cellspacing="0"><tr><td align="center"> </td></tr></table>

As part of its exploration strategy, the Company has many underground development headings to define potential resources and verify mineral resources over several of its veins or veins packages on the Velardena Property.

This is in addition to the ongoing exploration drilling that
is proceeding on all three of its properties in the Velardena area.One
such development heading was a cross-cut (a drift perpendicular to the
vein) driven on Level 12, which is the main access level to the Santa
Juana mine. The aim of this development work was to verify the upward
continuity of mineralized veins, in this case, the D's and E's veins.
These series of veins have been found at depth, below the old workings,
through both underground development and drilling. Currently, on Level
12 in this area, we have driven 26 metres of cross-cut and have cut
numerous veins and veinlets. Table 1 below, lists the most significant
results received to date from this cross-cut with high grade assays up
to 24 g/t gold and assays exceeding 2,300 g/t silver.We have also drifted for another 30 metres along a key vein in the area (the E1 vein). Assays from this drift are pending.The
confirmation of vertical continuity above the old workings is important
as this will have an impact on the next mineral resource estimate as
these series of veins were not included in past evaluations. At depth,
these D and E veins have a demonstrated lateral continuity of
approximately 200 metres. The discovery of mineralization above the old
workings is significant as it demonstrates that un-mined veins can be
discovered in the upper levels.The Company continues to advance
deep drilling at Santa Juana with the aim of confirming continuity of
mineralization down to the previously announced discovery of the
massive sulphide veins (see press release dated July 9, 2008).
-------------------------------------------------------------------------
Table 1 -- Assays Results from Level 12 at Santa Juana Mine
-------------------------------------------------------------------------
Sample # Width (m) Au (g/t) Ag (g/t) Pb (%) Zn (%) Cu(%)
-------------------------------------------------------------------------
52500 0.20 1.55 83 1.51 0.03 0.11
-------------------------------------------------------------------------
52501 0.20 1.94 324 0.86 0.02 0.39
-------------------------------------------------------------------------
52502 1.70 11.38 0 0.02 0.01 0.99
-------------------------------------------------------------------------
52506 0.20 0.50 71 1.02 0.78 0.13
-------------------------------------------------------------------------
52509 0.30 4.00 1,356 0.44 0.16 1.40
-------------------------------------------------------------------------
52514 0.60 16.30 2,397 0.30 0.24 2.65
-------------------------------------------------------------------------
52515 1.00 4.50 328 0.03 0.10 0.33
-------------------------------------------------------------------------
52516 0.20 1.60 122 0.04 0.07 0.22
-------------------------------------------------------------------------
52517 0.20 1.10 72 2.45 2.24 0.21
-------------------------------------------------------------------------
52525(i) 0.32 24.00 1,127 9.01 8.97 1.11
-------------------------------------------------------------------------
52526(i) 0.20 11.10 1,508 2.00 0.30 2.00
-------------------------------------------------------------------------
Average E1 0.26 19.04 1,274 6.31 5.64 1.45
-------------------------------------------------------------------------

(i) Samples from the E1 vein

Cautionary Statements and Additional Information:Readers
are cautioned that until a prefeasibility study is completed, there are
no assurances these latest mineralized zones will be economically
viable.All widths are true widths. Samples were assayed at the
ERSA laboratory in Torreon, Coahuila, Mexico which is currently in the
process of being certified. 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 focused on the exploration, development and mining of gold,
silver and base metals at its Velardena District Properties in Durango,
Mexico. The area is comprised of three properties, the Main Velardena
Property, the Chicago Property and the San Diego Property. The
properties are located near to each other and include five historical
mines - Santa Juana, Terneras, San Mateo, San Juanes, and the San Diego
mine. ECU's goal is to establish a significant polymetallic mineral
resource in the heart of Mexico. ECU's mission is to become a
pre-eminent silver and gold producer through the development of
existing, and additional potential resources at Velardena.

The richest and widest intercept that has been drilled on the San Diego Property to date.


http://biz.yahoo.com/ccn/081104/200811040495108001.html?.v=1

ECU Silver and Golden Tag Cut Additional Massive Sulphides at San Diego
Tuesday November 4, 9:55 am ET


ECU Silver and Golden Tag Cut Additional Massive Sulphides at San Diego
Tuesday November 4, 9:55 am ET
Highlights
- Hole SD-07-21A intersects new zone of massive sulphides (MS) and represents richest and widest MS intercept encountered at San Diego.
-- 437 grams per tonne (g/t) silver (Ag), 10.3% lead (Pb) and 11.8% Zinc (Zn) over core length of 5.9 metres (19 feet).
-- Estimated true width of 5 metres with silver equivalent grade of 1,080 g/t Ag.

TORONTO, ONTARIO--(Marketwire - Nov. 4, 2008) - ECU Silver Mining Inc. (TSX:ECU - News; "ECU") and Golden Tag Resources Ltd. (TSX VENTURE:GOG - News; "Golden Tag") are pleased to report that they have intersected additional Massive Sulphide mineralization (the "MS Zone") on the joint venture San Diego Property. The drill-hole SD-07-21A intercept is particularly significant as it represents the richest and widest intercept that has been drilled on the San Diego Property to date. The MS Zone yielded 437 grams per tonne (g/t) silver (Ag), 10.3% lead (Pb) and 11.8% zinc (Zn) over a core length of 5.9 metres (19 feet), at a depth of 600 metres (1,970 feet) below surface (see Table 1 below).

ADVERTISEMENT
The recent assay results, along with earlier reports (see press releases dated October 17, 2008 and June 23, 2008) continue to demonstrate an emerging pattern of massive to semi-massive sulphide mineralization with significant grades in silver, lead and zinc over attractive widths below the known surface vein occurrences.

Drill-hole SD-07-21A intersected the new MS Zone in the south-eastern portion of the property where no exploration drilling has been previously completed, until now. The MS Zone is hosted in massive limestones and is believed to have formed from the replacement of the carbonaceous host-rock by sulphide-bearing solutions. Like skarn-replacement, carbonate-replacement type mineralization, can form wide lenses of semi-massive to massive sulphide mineralization that represent a major source of Ag-Pb-Zn mineralization in Mexico. The new MS Zone could coincide with the eastern extension of the San Jose Vein, a NW trending structure located south of the more prominent Montanez Vein. The Zone is open in all directions and additional drilling is planned to further outline the extent of mineralization in this area.

Diamond drilling on the property is ongoing with hole SD-08-35, a 70 metre step-out hole to the west from recently completed hole SD-08-34. The main objective of this hole was to intersect the junction point of the E-W trending Cantarranas Vein with the northwest trending Ag Stringer Zone and the Montanez Vein defining a V-shape structure. At the projected intersection point of these three structures at depth, hole SD-08-35 cut a wide section of polymetallic stringers and veins stretching over 100 metres from approximately 650 to 750 metres down hole. This mineralized section straddles the faulted contact between the main diorite intrusive coring the centre of property and the adjacent marble. It now appears that this NW trending contact is a major structure transecting the whole property that would connect the Montanez Zone defined in the Eastern sector of the property with the La Cruz Zone outlined in the Western sector. Assays are pending.


Table 1 - Assay results from drill-hole SD-07-21A
---------------------------------------------------------------------------
Sample From To Length Silver Lead Zinc Silver Eq.
(m) (m) (m) (g/t) (%) (%) (g/t)
---------------------------------------------------------------------------

11539 686.30 686.75 0.45 444 9.20 10.80 1,026
11540 686.75 687.45 0.70 446 10.75 14.80 1,194
11541 687.45 688.10 0.65 430 9.58 11.20 1,034
11542 688.10 688.65 0.55 312 7.68 8.39 778
11543 688.65 689.30 0.65 597 15.40 18.65 1,589
11544 689.30 689.90 0.60 549 11.85 18.30 1,435
11545 689.90 690.50 0.60 676 16.25 13.55 1,531
11546 690.50 691.05 0.55 330 8.29 7.11 772
11547 691.05 691.55 0.50 117 2.91 2.81 282
11548 691.55 692.15 0.60 381 8.97 9.09 903
---------------------------------------------------------------------------
Average 686.30 692.15 5.85 437 10.32 11.81 1,080
---------------------------------------------------------------------------


Silver equivalents were calculated using the same commodity prices and metal recovery factors used in the San Diego 43-101 Resource Estimate Report. These were 26.60 g/t Ag per 1% Pb and 31.21 g/t Ag per 1% Zn.

Cautionary Statements and Additional Information:

Readers are cautioned that until a prefeasibility study is completed, there are no assurances these latest mineralized zones will be economically viable. True width for the MS vein is approximately 85% of the core length. All reported analyses were performed by ALS Chemex accredited assay laboratories of Guadalajara and Vancouver. Ms. Kateri Marchand, 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 focused on the exploration, development and mining of gold, silver and base metals at its Velardena District Properties in Durango, Mexico.

Golden Tag Resources Ltd. is a junior exploration company actively exploring for high grade gold and silver deposits at the San Diego silver-lead-zinc project in Durango State, Mexico; the Aquilon gold project in James Bay, Quebec; and the McCuaig gold project in Red Lake, Ontario.

Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


Contact:

Stephen Altmann
ECU Silver Mining Inc.
President
(416) 366-2428
Website: www.ecu.ca

Les tableaux complets via le lien, le commentaire avec mes surlignages qui permettent de visualiser les aspects qui me semblent les plus notables

http://finance.yahoo.com/news/ECU-Silver-Significantly-ccn-13794382.html




TORONTO, ONTARIO--(Marketwire - Dec. 10, 2008) - ECU Silver Mining Inc. ("ECU Silver" or the "Company") (TSX:ECU - News)
is pleased to report the results of its fourth National Instrument
43-101 ("NI 43-101") compliant mineral resource estimate (the "Resource
Estimate") on its Velardena District Properties in Durango State,
Mexico ("Velardena"). The results confirm a silver equivalent increase
in Measured & Indicated resources of 6% to 40 million ounces ("oz")
and an Inferred resource increase of 118% to 391 million oz of silver
equivalent.

NI 43-101 Resource Estimate:
----------------------------------------------------------------------------
Silver Equivalent Silver Equivalent
(Gold and Silver) (All Metals)
(ounces) (ounces)
----------------------------------------------------------------------------
Measured & Indicated 36,486,000 39,706,000
Inferred 248,109,000 391,024,000
----------------------------------------------------------------------------

We plan to complete and file a technical report for the
Resource Estimate on SEDAR within 45 days of this press release. The
Resource Estimate, which was audited by MICON International Limited
("MICON"), is outlined in more detail in Tables 1, 2 and 3 below.Michel
Roy, the Chairman and CEO of ECU Silver stated, "Our objective in our
recent exploration campaign was to convert some of our Mineral
Potential into the Inferred category. This was successfully done and we
now have an inferred mineral inventory of 391 million oz and measured
and indicated of 40 million oz of silver equivalent establishing
Velardena among the larger silver and gold projects in Mexico. This
increase in our mineral resources is the largest in the history of the
Company. After only three and a half years, our exploration team has
increased our mineral inventory by over 18 times."Stephen
Altmann, the President of ECU Silver added that, "The growth of our
mineral resource has shown remarkable advance. Exploration efforts at
Velardena have consistently yielded excellent results with several
veins still open laterally and at depth. It is worthwhile to note that
about 66% of our mineral inventory is comprised of precious metals. The
high content of both gold and silver highlights the significance of
this resource as a primary precious metal project."Many of the
veins and vein packages at Velardena have demonstrated reliable
evidence of lateral continuity in both directions and at depth. We are
able to quantify this additional potential by providing an estimate of
mineral potential ("Mineral Potential") which has been reviewed by
MICON (refer to Table 4 below for additional details).- Mineral Potential: 569,524,000 to 930,400,000 ounces of silver equivalent.This
Mineral Potential has been estimated on a silver and gold basis only
and does not include any silver equivalent estimates derived from base
metal values. ( ça c'est la gratte en plus du plus)
A mineral potential is not a mineral resource, is
conceptual in nature and must be stated as a range since it cannot be
estimated to the same accuracy as a mineral resource. Disclosure of the
Mineral Potential is compliant with NI 43-101 disclosure requirements
and reflects the potential lateral and downward extensions of veins
identified in the Resource Estimate.The Mineral Potential
differs in two ways from what we last reported. First, it decreased
from the last reported results due to our success in converting certain
zones of Mineral Potential into the Inferred category. Second, it
increased as new veins and areas within Velardena were added to Mineral
Potential.ECU believes that the potential to increase mineral
resources at Velardena continues to be substantial. While the Mineral
Potential is not included in the Resource Estimate, MICON has reviewed
and approved the conceptual nature of the Mineral Potential.The
material increase in the Resource Estimate and the Mineral Potential
was based solely on veins included in this resource estimation and does
not incorporate other known veins identified through historical data
within Velardena, nor does it include the mineralized skarns.
Insufficient data has been collected to estimate mineral resources in
these other veins.The Resource Estimate is based on 46 veins and
includes the sum of mineral resources from the main Velardena Property,
the Chicago Property and 50% of the joint venture San Diego Property.
All of these properties are within close proximity to each other.
Additional veins at Velardena, which are well known and have been
identified through surface sampling and/or underground workings,
require further evaluation. Also, a number of veins have not been
included because current assays did not meet the cut-off criteria.
Furthermore, it is anticipated that more veins exist in the Velardena
Properties based on past geological mapping.A cut-off value of
US$45 per tonne (166 grams per tonne) was used for the narrow veins and
was based on information derived from previous mining activities on the
main Velardena Property. A cut-off value of US$25 per tonne (92 grams
per tonne) was used for the bulk tonnage vein packages and was based on
previous bulk mining tests completed by ECU Silver. In determining the
silver equivalent value, the Net Smelter Return ("NSR") value was
calculated for each commodity based on metallurgical recoveries from
the most recent tests and contracts for mineral concentrates produced
from the mining activities on the Velardena Property.Past
resource estimates in respect of the Velardena Properties have been set
out in previous N.I. 43-101 technical reports as summarized in Table 5
below.The qualified persons within the meaning of NI 43-101
responsible for the evaluation of the Resource Estimate are William J.
Lewis, B.Sc., P. Geo., a senior geologist with MICON based in Toronto,
Canada, and Michel Roy, P. Geo., the Chairman and CEO of ECU Silver.The Company would like to thank MICON for their efforts and guidance in preparing the Resource Estimate.Cautionary Statements:Readers
are cautioned that there are no assurances that all or any part of the
Resource Estimate or that all or any part of the Mineral Potential will
be economically viable and although the information in this press
release is based on the best available data the Company has collected
to date, a material difference between the actual results and the
Company's expectations may arise once further exploration is completed.Until
a prefeasibility study is completed, there are no assurances the
release of an updated mineral resource will be economically viable.The
mineral potential of the Velardena District property is conceptual in
nature and there has been insufficient exploration conducted within the
mineral potential evaluation to define a mineral resource. It is also
uncertain if further exploration will result in the targets being
delineated as mineral resources.About ECU SilverECU
Silver Mining Inc. is focused on the exploration, development and
mining of precious and base metals at its Velardena District Properties
in Durango, Mexico. The area is comprised of three properties, the Main
Velardena Property, the Chicago Property and the San Diego Joint
Venture Property. The properties contain a measured and indicated
mineral resource of 40 million silver equivalent ounces and an inferred
mineral resource of 391 million silver equivalent ounces. ECU's mission
is to become a pre-eminent silver and gold producer through the
development of existing and additional potential resources in the
Velardena district. ECU Silver is listed on the Toronto Stock exchange
under the symbol ECU.Statements in the release that are
"forward-looking statements" are based on current expectations and
assumptions that are subject to risks and uncertainties. Actual results
could differ materially. We undertake no duty to update any
forward-looking statement to conform the statements to actual results
or changes in our expectations.

[b]My largest holding, ECU Silver (98 cents Cdn, up 4 cents), came out with a
bomb shell of a spectacular report and the market yawned…[/b]

[b]Mineral Resource Estimate Highlights - Measured & Indicated Resources of
40 million oz silver equivalent. - Inferred Resources of 391 million oz silver
equivalent. [/b][b]http://www.marketwatch.com/news/story/ECU-Silver-Significantly-Increases-NI/story
.aspx?guid=%7B1142C15C-02A7-4A31-AA6A-A5EC5F0BE643%7D[/b]

[b]
***
Unreal, and that is WITHOUT the mother load massive sulfide below which
produced this already humongous resource. Mexico Mike sees it this way…
Hi Bill!
When people speak of the crazy market that we have been through
this year for the resource sector, I will just think of ECU Silver and how it
has traded in recent months. This is a company that was near bankrupt a few
years ago, and operating a mine that had very limited resources, in a setting
that was so challenging that few people believed it could ever make money. One
successful exploration program after another has since transformed the story to
where it now stands as one of the largest silver deposits in the world. However,
like most of the other junior mining stocks, it has been all downhill for the
share price.

When ECU first announced the total resources had risen above
100 million silver-equivalent ounces it was a big deal. But there were still
analysts who questioned the viability of the project and doubted the integrity
of management. Then the company found a whole lot more gold and silver, and
updated the resources to over 200 million ounces, an accomplishment that very
few companies anywhere in the world could match. And still ECU could not get
much respect from the investment community. With this latest report issued
today, the total resources have now doubled yet again, now amounting to about
431 million silver-equivalent ounces. And there is still a great potential to
more than double the resources of the project one more time as the mineralised
zones remain open to further expansion and the company has only recently begun
to target the bulk tonnage potential of massive sulphide lenses at
depth.

Despite all of this success at the end of the drill bit, ECU
shares traded yesterday below a buck. The contrast between the performance of
the company and the performance if its stock is astonishing. Management has been
telling the market for years that they have something special at their Velardena
project, and they have gone ahead to deliver exactly what they promised,
significantly outperforming the rest of the sector in terms of discovery
achievement. Yet the stock has been pounded and none of that success has
generated lasting value in the trading.

This has been a decade of
extremes. It took years for all the bad decisions and poor management from the
financial sector to be priced in by the market, and those stocks have crashed
this year. I am hoping that we have just endured a similar delay for all the
good work at ECU to be priced in with a steep recovery. I have remained an
optimist throughout this nasty countertrend bear market for the juniors. I
believe that the good companies with real projects will recover and go on to set
new highs. I cannot think of a single other company in the world that has been
able to confirm 200 million ounces of new resources in just a year. If this does
not gain some well-deserved exposure and respect for ECU, then nothing
will.

At some point investors will have to just decide that the market
has been irrational and difficult but the world is not coming to an end. All
stocks, good and bad, eventually find fair value in the market, it just takes
longer than we are prepared to wait sometimes. The fundamentals eventually
matter. Investors can buy silver ounces in the ground for about 50 cents by
owning ECU. There are a whole hell of a lot of silver ounces awaiting
development at Velardena and this has to be attractive for any senior producer.
The universe is shrinking for high quality, large deposits located in safe
countries. Exploration has slowed and it is unlikely that more exciting new
discoveries will be reported for a while. So the larger producers who must
complete acquisitions soon to replace depleted reserves are going to have become
more active soon.

I fully expect that in the months ahead, I will be
sending my comments to the Cafe to discuss a takeover offer for Velardena. The
stakes have gone too high now for this project to be overlooked indefinitely.

I have given up trying to call a bottom for this sector. Having owned ECU for
about 5 years now, and after riding that roller coaster all the way up and then
back down to where we are today, I can only say that I am very confident that I
will one day look back and realise it was worth the wait. I think the project is
worth a multiple of the current share price, and I fully expect that
fundamentals will still be relevant over time, and that ECU shares will trade at
levels that make the current price look stupid cheap. The only variable left is
time and I can wait as long as it takes for this sector to get right-side up
again.

Congratulations to ECU management and to the shareholders that
have believed in the potential throughout this ugly
market.
cheers!
MexicoMike[/b][/b][/b][/b][/b][/b]

http://biz.yahoo.com/ccn/090126/200901260508397001.html?.v=1


et surtout

http://biz.yahoo.com/ccn/090127/200901270508448001.html?.v=1


extrait:

Citation:

The new Resource estimate establishes the San Diego Deposit as a new major deposit on the Velardena Mine trend. The resources contain very significant metal content (Table 1) with continuing potential for expansion.Table 1: Estimated Contained Metal in Resources on the San Diego Property, Mexico; Golden Tag Resources/ECU Silver Mining Joint Venture. Indicated Resources:.............. ...............Inferred Resource: - 2.92 Million ounces of silver, ............. - 76.47 Million ounces of silver, - 4,000 ounces of gold,....................... - 93,000 ounces of gold, - 14.71 Million pounds of lead,............. - 876.45 Million pounds of lead and.................................................. and - 10.84 Million pounds of zinc. .............- 1.05 Billion pounds of zinc. Additional Mineral Potential:"Micon believes that the land package within the San Diego project is highly prospective both along strike and down dip of the existing mineralization and that further resources could be discovered with additional exploration and development". The San Diego Property is estimated to have additional Mineral Potential, as extensions at depth to known mineralized areas, representing an additional:173.5 to 389.5 Million ounces of silver Equivalent t In line with current NI 43-101 requirements, additional mineral potential must be stated as a range of figures. The minimum and maximum potential estimated at the San Diego is based on the possible extension at depths of 200 m (minimum) and 400 m (maximum) below the actual current limit of mineralization outlined for each of the mineralized zones. The possibility that additional veins and/or zones may be discovered at the San Diego project remains very strong, as well. Previous drilling campaigns have demonstrated the existence of a number of hidden veins and/or zones which do not have a surface expression and are only discovered through a sustained exploration effort.The additional mineral potential of the San Diego property is conceptual in nature and there has been insufficient exploration conducted at this stage to define a mineral resource for these areas. It is also uncertain if further exploration will result in targets being delineated as mineral resources.

la news sur le site d'ECU

http://www.ecu.ca/s/NewsReleases.asp?ReportID=335858&_Type=News-Releases&_Title=ECU-Silver-Files-new-NI-43-101-Technical-Report-on-its-Velardea-District-Pr...

_________________
SILVER is KING...Go GOLD...!!!