ECU Silver Mining Inc. ("ECU" or the "Company") (TSX:ECU) is pleased to
announce that it has entered into a non-binding letter of intent with
Hecla Mining Company ("Hecla") for the acquisition of a 500 tonne per
day ("tpd") gold and silver recovery plant located adjacent to ECU's
properties near the town of Velardena, in Durango, Mexico (the "Mill").
The proposed transaction is subject to ECU and Hecla executing a
definitive purchase and sale agreement for the Mill. In order to fund
such acquisition, ECU has entered into an agreement to proceed with a
bought deal offering of subscription receipts by way of short form
prospectus for gross proceeds of $17,500,000.

Acquisition of Gold and Silver Plant

ECU has entered into a letter of intent with Hecla, whereupon ECU will
acquire the Mill in consideration of a cash payment of US$8,000,000 and
the issuance by ECU to Hecla, by way of private placement, of 750,000
common shares of ECU. If issued, the resale of the ECU common shares by
Hecla will be subject to certain quantitative restrictions over and
above the four-month hold period that applies under applicable Canadian
securities legislation.

The Mill is a conventional cyanide leach, Merrill Crowe precipitation
circuit. It is ideally suited to process ECU's oxide material and
gold-pyrite concentrate inventory. The Company expects to generate a
gold and silver precipitate or dore bars from the Mill, either of which
can be sold to a third party refinery. The Mill has a capacity to
process mineralized material up to 500 tpd. The Company initially
expects to process high grade mineralized material at an average rate
of 300 tpd. The Company has reported oxide resources of 1,075,000
tonnes in the measured and indicated category and 379,000 tonnes in the
inferred category.

"The Mill is located only two kilometres from the Company's Santa Juana
mine site and immediately adjacent to its Chicago Property. The close
proximity of the Mill to ECU's mining operations will give the Company
a significant advantage with respect to transportation. In addition, we
have trained personnel and mining equipment already in place," stated
Michel Roy, the Chairman and CEO of the Company.

Stephen Altmann, the President of the Company, added that "The
acquisition of this plant will provide ECU with a near-term opportunity
to generate cash flows from both gold and silver without the need to
enter into smelter contracts."

The acquisition by the Company of the Mill (the "Acquisition") is
subject to (i) the execution of a definitive agreement acceptable to
each of the Company and Hecla, (ii) the completion by the Company of
its due diligence review of the Mill, (iii) the receipt of all
requisite third party consents and approvals, and (iv) the approval of
the Board of Directors of the Company.

Offering of Subscription Receipts

Furthermore, ECU announces that it has entered into an agreement with a
syndicate of underwriters (the "Underwriters), led by Blackmont Capital
Inc. and including TD Securities Inc., whereby the Underwriters have
agreed to purchase, on a bought deal basis, 25,000,000 subscription
receipts of the Company (the "Subscription Receipts") at a purchase
price of $0.70 per Subscription Receipt (the "Issue Price") for
aggregate gross proceeds of $17,500,000 (the "Offering").

Each Subscription Receipt will entitle the holder thereof to receive,
concurrent with the completion by the Company of the Acquisition, one
common share of the Company and one common share purchase warrant (a
"Warrant"). Each Warrant shall entitle the holder thereof to acquire
one additional common share of the Company (a "Warrant Share") at a
price of $0.95 per Warrant Share at any time until the date that is
five years after the date of the closing of the Offering. Upon the
closing of the Offering, 100% of the gross proceeds of the Offering
less a portion of the commission payable to the Underwriters will be
deposited in escrow (the "Escrowed Funds"). The Escrowed Funds, less
the balance of the commission payable to the Underwriters and the
US$8,000,000 cash portion of the purchase price payable by the Company
to Hecla in connection with the Acquisition, will be released to the
Company upon the closing of that transaction. If the Company has not
completed the Acquisition prior to 5:00 p.m. (Toronto time) on March
30, 2009, the Escrowed Funds, plus any accrued interest earned thereon,
shall be returned pro rata to each holder of Subscription Receipts in
exchange for that number of Subscription Receipts held by such holder.

In addition, the Company has granted the Underwriters an option,
exercisable within 30 days after the closing of the Offering, to
purchase from the Company for resale up to an additional 15% of the
Subscription Receipts at the Issue Price for additional gross proceeds
of up to $2,625,000.

The net proceeds of the Offering will be used to fund the US$8,000,000
cash component of the Acquisition, for initial working capital and
capital expenditures at the Mill, and for ECU's working capital and
general corporate purposes.

The Offering will be made by way of short-form prospectus filed in all
provinces of Canada and will be made in the United States to Qualified
Institutional Buyers through Rule 144A of the United States Securities
Act of 1933 and to certain accredited investors through Regulation D
and in other eligible foreign jurisdictions pursuant to applicable
private placement exemptions under applicable securities laws in such
jurisdictions.

The securities offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an applicable exemption from
registration requirements.

The Offering is scheduled to close on or about February 18, 2009 and is subject to acceptance by the Toronto Stock Exchange.

ecu +10% ds de gros volumes avec 2 excellentes news

http://finance.yahoo.com/news/ECU-Silver-Files-Fiscal-2008-ccn-14808085.html

http://finance.yahoo.com/news/ECU-Silver-Updates-on-ccn-14795558.html

une étude récente et très "pro" écu .. qui rebondit d'ailleurs bien, ces derniers jours ds de beaux volumes

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=26871246&l=0&r=0&s=ECU&t=list

• 
  Press Release
  
• 
  Source: ECU Silver Mining Inc.
  
• On Monday July 13, 2009, 7:34 am EDT
  

[*]Print
[/list]




TORONTO, ONTARIO--(Marketwire - July 13, 2009) - ECU Silver Mining Inc. (TSX:ECU - News) reports on dore bar fabrication for the month of June.










In the month
of June, our operations treating the oxide resource generated 32 dore
bars with a total weight of 685 kilograms (kg). Our assays of the dore
bars indicated that they contained a total of approximately 542 ounces
of gold and 14,406 ounces of silver. To date we have generated 150 bars
with a total weight of 3,071 kg containing 1,704 ounces of gold and
61,248 ounces of silver.The amount of dore bars and the total
weight for June was lower than that generated in the month of May due
to a planned shutdown of the mill during June. We are planning to
introduce higher grade gold material into the mill and the shutdown was
initiated to make modifications to the mill to improve recoveries of
this gold rich material.Productivity of the oxide operations was
excellent as we averaged 451 tonnes per day (tpd) during the 19
operating days of June versus last month's average production of 408
tpd. The maximum milling rate for the month of June was 549 tpd versus
the 493 tpd achieved in May.Dore shipments continue on a regular basis with the first of July's shipment having been made recently.

avec cette excellente news qui vient de tomber

http://finance.yahoo.com/news/ECU-Silver-Increases-Amount-ccn-4015818691.html?x=0&.v=1

ECU SILVER MINING – STILL AN EXTRAORDINARY
OPPORTUNITY

Adrian Douglas
Exactly three years ago in October 2006 I wrote an in-depth article on ECU
entitled “ECU Silver Mining – An Extraordinary Junior Mining Company” and you
can read the article here.
An update to the article was written in July 2008 which you can find here.

The theme of the articles was to demonstrate how out of the ordinary, indeed,
“extraordinary” ECU Silver Mining Company was compared to its peer junior mining
companies and how undervalued it was. What is truly extraordinary is that three
years later the fundamental value of the company has increased dramatically yet
it is trading at 28% of its very under-valued price of 2006! They say
opportunity never knocks twice but in my view not only is the ECU opportunity
knocking for a second time but it is an even better opportunity than the first
time it knocked!
After an interview with Michel Roy, CEO of ECU Silver Mining I would like to
review some of the changes from 2006 to 2009 to demonstrate what an
extraordinary opportunity ECU still presents for investors.

43-101 Compliant Resource Inventory
In October 2006 the Measured, Indicated and Inferred resources stood at 100
Million ounces of silver equivalent. It now stands at 431 Million ozs, an
increase of 331%
In 2006 the potential category was 33-55 Million ozs silver equivalent, today
it is 570-930 Million ozs of silver equivalent, an increase of 1,590%. It should
be noted that the criteria now used makes the potential category not too far
away from being able to be upgraded to become “inferred” resources.

Production
In 2007-2008 the company diverted most of its efforts away from production
toward exploration. Its small production facility was mainly used as a pilot
plant to experiment and fine tune laboratory testing in order to determine the
ideal processing procedures and to make small scale tests for bulk mining.
In 2006 the company produced 678 ozs of gold and 304,486 ozs of silver during
the year. This gives a monthly average of 57 ozs of gold and 25,373 ozs of
silver. This equates to 38,400 ozs of silver equivalent on average per
month.
The company re-purchased an oxide mill earlier this year, which it had sold
to Hecla in 2001. It was able to get this plant up and running very quickly. In
2006 the company was only mining sulfides and the output from the sulfide mill
was concentrates which needed to be further processed by a third party smelter
to extract base metals and precious metals. The smelting costs were high and
reduced the operational profit. The oxide mill produces dore bars of high gold
and silver content that can be sold directly to a refiner with no requirement
for smelting.
ECU has been ramping up the new oxide mill and trying to optimize the
recoveries. In September the company produced 702 ozs of gold and 13,744 ozs of
silver. That equates to 61,100 ozs of silver equivalent, an increase of 60% over
the average for 2006.
The mineral material being processed has increased from an average of 210 tpd
in 2006 to 530 tpd in October 2009, an increase of 152%.
The company continues to expand the throughput of the mill and to make
improvements in metal recoveries. Currently there are 29 mining crews operating
in the mine and this will shortly be increased to 39.

Profitability
In Q4 2006 the company reported a net loss of $7.6 Million. It should be
noted that Q2 2006 was the first ever profitable quarter for the company. It is
highly likely that Q4 2009 will be profitable for the company. Looking at the
projected expansion of production the company should be able to generate profit
margins well in excess of 30% in 2010 without factoring in any increase in the
costs of precious metals.
It should be noted the extraordinary difference between ECU and most of the
junior explorers. ECU has resources of 431 Mozs with a potential to exceed 1.3
Billion ozs. For most other juniors when such a resource is proved up they would
need to invest $500 million dollars or more to construct a mine. The ECU
properties have existing mines in place that were acquired from the previous
owners and the exploratory work has been to successfully discover and define
more mineral material both laterally and at depth. These additional mineral
resources are accessible and able to be mined by expansion of the current mine
infrastructure. Most junior explorers have to assume large debt burdens to take
a discovery to production and it typically takes years to reach profitable
production. ECU has less than $25 Million in long and short term debt and is in
a strong position to deliver free cash flow to fund its expansion and
growth!

Mineralized Systems
Up until 2006 ECU resources were contained in thin mineralized veins that did
not lend themselves to bulk mining. But the discovery of a massive “mineralized
corridor” comprised of mineralized stockwork zones has opened up the potential
for bulk mining which could transform the company’s production capacity leading
to much higher revenues and profits. The company is finalizing a scoping study
in this regard.

Sustainability
In 2006 ECU was establishing a large mineral resource but was spending cash
to do so. When the credit crisis hit in 2008 the company changed its focus. It
aggressively switched from exploration to production. The company is now
generating more revenue than its costs and does not plan to dilute its
shareholdings by any equity financing. It plans to grow organically and fund its
future exploration and development from operational profits. This gives the
company a significant differentiation from its peers, most of which depend on
debt or equity financing for sustaining their operations.

Metals Prices
In October 2006 the gold price was $600/oz while in October 2009 it is
$1050/oz, an increase of 75%.
In October 2006 the silver price was $11.90/oz while in October 2009 it is
$17.5/oz, an increase of 47%.

Exploration Potential
In October 2006 there was a strong geological model that suggested that the
massive sulfides in two deep skarns could be the source of the mineralization
that is found in the shallower vein systems throughout Velardena. In 2008 some
drilling was performed to test the model. Two very large intercepts were made of
high grades:
· 3.66 g/t Au, 295 g/t Ag, 7.87% Pb and 12.07% Zn over core length of 12.04
metres (40 feet).
· 7.90 g/t Au, 550 g/t Ag, 11.25% Pb and 27.68% Zn over core length of 1.75
metres (6 feet).
You can read the press release here.
Unfortunately due to a depth capacity limitation the drilling equipment was
unable to cross the entire target zones. The size and grades of these intercepts
suggests that some astonishingly large and high grade resources are lying at
depth. These grades and widths are like nothing found anywhere else on the
property! The assays revealed silver and gold content was increasing with depth.
While more exploration work is required the chances of making a major high grade
discovery that has long been postulated to be the biggest exploration jewel of
the Velardeña property have significantly increased since my article of October
2006.

ECU Stock
In October 2006 there were 213 Million shares outstanding while to date there
are 283 Million, an increase of 33%.
In October 2006 ECU was trading at C$2.65 while currently it is C$0.75.
In October 2006 ECU was selling for C$5.6 for each ounce of measured,
indicated and inferred (MI & I) silver in the ground; that equates to 42% of
the above ground spot price of silver. Today it is selling for C$0.49 for each
ounce of measured, indicated and inferred (MI & I) silver in the ground;
that equates to 3% of the above ground spot price of silver!

Extraordinarily Undervalued!
When all the characteristics of ECU are taken into consideration it appears
to be extraordinarily undervalued:
- ECU is operating in Mexico which has a low political risk and is
traditionally mining friendly
- Very competent and experienced management for both exploration and
production activities
- A massive increase of M.I. & I resources to 431 million ozs silver
equivalent has been achieved
- Almost 1 billion ozs of silver equivalent is logged in the “potential”
resource category
- Daily mineral processing has increased by 152% and is still being ramped
up
- Recovery of metals from the feedstock has been optimized
- Oxide mill output is dore bars that eliminate any need for high cost
smelting
- ECU is now generating revenues that are significantly above the operating
costs bringing sustainability to the company to expand and grow without equity
dilution or taking on new debt
- Total debt burden is less than 25 million dollars
- Possibility to move to bulk mining in the future pending conclusions of a
scoping study that is nearing completion
- Still the opportunity for a “bonanza” high grade discovery in the deep
massive sulfides as the source of higher level mineralization
- The company is selling for US47 cents/oz of M.I. & I silver in the
ground! Traditional valuation of mining companies when silver was around $12/oz
was in the range $2-$4 per oz in the ground
When all the progress that has been achieved by ECU since my article exactly
three years ago is considered it is unbelievable that the stock is trading 72%
less than it was then! As the precious metal bull market gets into full gear
investors will come pouring into the junior mining sector like a modern day gold
rush. They will be hunting out companies like ECU that are priced at bargain
basement levels with a very low risk profile. This extraordinary opportunity may
not last for very much longer because markets over time price all things in line
with their value. For the time being though ECU is an extraordinary junior
mining company that is extraordinarily cheap!
Adrian Douglas
October 18, 2009
www.marketforceanalysis.com

Market Force Analysis is a unique analysis method which
provides reliable indications of market turning points and when is a good time
to enter, take some profits or exit a market. Subscribers receive bi-weekly
bulletins on the markets to which they subscribe.

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.

nouveau communiqué d'écu, commenté par A Douglas

www.lemetropolecafe.com


Speaking of GATA supporters…
ECU Silver Highlights New Assays From Development Work
Bill,
ECU came out with a press release today.
http://finance.yahoo.com/news/ECU-Silver-Highlights-New-ccn-3644171160.html?x=0&.v=1
They have been drifting on level 19, the deepest mining level at Santa Juana and they reported the following:
QUOTE
Assays, taken every three metres along the drifts, returned an average of 12.7 g/t gold and 305.4 g/t of silver over 0.62 m for a total length of 531 m
END
Notice the very high gold grade. This is approaching ½ oz per tonne (there was an assay up to 6.5 ozs per tonne). In my recent article http://www.lemetropolecafe.com/pfv.cfm?pfvID=8156
which gave an update on ECU progress I discussed the exploratory drilling that had entered the deep massive sulfide skarns in 2008:
QUOTE
The size and grades of these intercepts suggests that some astonishingly large and high grade resources are lying at depth. These grades and widths are like nothing found anywhere else on the property! The assays revealed silver and gold content was increasing with depth. While more exploration work is required the chances of making a major high grade discovery that has long been postulated to be the biggest exploration jewel of the Velardeña property have significantly increased since my article of October 2006.
END
These massive sulfides are considered to be the source of the mineralization of the shallower veins at Velardena which is supported by the fact that veins get larger with depth and the precious metal grades increase. Now this latest data shows high gold grades and this is still several hundred meters above the skarns. My view is that there is a very significant high grade gold discovery to be made at depth. This latest information and initial drilling into the skarns is show increasing gold grades that already would be very attractive gold grades for most gold miners but if the grades continue to increase with depth to the mineralization source then the potential exists for a large deposit of unusually high gold grades.
ECU offers an extraordinary investment opportunity because they have mitigated the majority of risks that are associated with 95% of juniors miners: They have 431 million ozs of silver eq resources 43-101 compliant, they now have profitable production so they will not be cash starved or need to dilute equity to stay in business as most juniors do, they have only 25 M$ of debt, they have almost 1 billion ozs of "potential" resources which does not include the deep massive sulfides and skarns. They have established mineral assets and a revenue stream and they still have a massive exploration potential. In any risk business it rarely gets any better than that!
Cheers
Adrian