Ecu Silver Mining

 wird sich erholen, und mit frischem Mut wird ECU gen Himmel fahren!

 

 TORONTO, ONTARIO--(Marketwire - May 19, 2011) - ECU Silver Mining Inc. (TSX:ECU - News) is pleased to report that the high-performance deep diamond drill has reached the high grade massive sulphide zone at its Velardena Property.

As previously reported, the high-performance drill was commissioned to further test the deep seated massive sulphides at a depth of approximately 800 meters below level 18 to confirm the extensions of the high grade intercepts that were reported in drill hole SJ-18-21.

The drill has begun coring into the target zone and we anticipate having results shortly.

The Company also advises that it plans to file its March 31, 2011 Consolidated Interim Financial Statements and Management Discussion and Analysis on June 14, 2011. The filings for the first quarter of 2011 will contain the first set of financial statements prepared in accordance with International Financial Reporting Standards (IFRS). To assist companies in making the transition from Canadian generally accepted accounting principles to IFRS, Canadian securities regulators have extended the normal filing deadlines for the first quarter of 2011.

Mr. Michel Roy, P. Geo., a "qualified person" within the meaning of NI 43-101, prepared the technical information disclosed in this news release.

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 N.I. 43-101 compliant mineral resource of 40 million silver equivalent ounces in the measured and indicated category and 391 million silver 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.

Cautionary Statements

Readers are cautioned that there are no assurances that all or any part of ECU Silver's mineral resource will be economically viable. Until a prefeasibility study is completed, there are no assurances the release of an updated mineral resource will be economically viable.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, the proposed construction of a mill, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company's inability to obtain any necessary permits, consents or authorizations required for their activities, to produce minerals from their properties successfully or profitably, to continue their projected growth, to raise the necessary capital or to be fully able to implement their business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release.

 

 

TORONTO, ONTARIO--(Marketwire - June 7, 2011) - ECU Silver Mining Inc. (TSX:ECU - News) is pleased to report that the Company has sampled up to 14.03 grams per tonne (g/t) gold (Au), 155 g/t silver (Ag), 1.21% lead (Pb) and 4.26% zinc (Zn) over 1.50 meters (5 feet) in the Terneras Mine. Historical workings in Terneras have demonstrated significant continuity reaching up to 1200 meters (3,940 feet).

The underground development ramp at the San Juanes mine reached old workings of the Terneras mine giving the Company access to developed levels which can be mined in the short term. The level that was reached was sampled on both side of a major fault that cuts the main Terneras vein.

On the west side of the fault, in the main body of the old mine known to extend for 1,200 meters, the vein is generally thicker with consistent high assays. The drift in this area was sampled for a length of 48 meters (157 feet) and yielded 3.25 g/t Au, 311 g/t Ag, 1.78% Pb and 2.05% Zn over a width of 0.65 meters (2 feet). The best section sampled was 14.03 g/t Au, 155 g/t Ag, 1.21% Pb and 4.26% Zn over 1.50 meters (5 feet). On the east side of the fault, the vein is thinner and assays are irregular. The average over 48 meters (157 feet) of drift is 2.82 g/t Au, 263 g/t Ag, 1.48% Pb and 1.75% Zn over 0.21 meters (0.7 feet).

A significant portion of the Terneras vein could be opened rapidly by rehabilitating the existing infrastructure. The portion of the Terneras vein developed by previous owners and mined until 1920, contained approximately 4,000,000 tonnes (over 60,000,000 ounces of silver) of mineralized material.

In an update of the deep drilling to test the deep seated massive sulphides, the new cut steepened the drill hole which would have caused the drill to cut the extension of the zone more than150 meters deeper than the original cut. Since the objective of the initial holes is to confirm vertical and horizontal continuity close to the vein, this was deemed too deep for an initial cut. Consequently, it was decided to use the navi-drill to flatten the hole and cut the zone at a higher elevation, but still significantly deeper than the initial intercept. The drilling is currently at a depth of 870 meters (2,850 feet), 55 meters (180 feet) below the original intercepts in hole SJ-18-21 and is now being deviated into the massive sulphide zone.

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. Michel Roy, PGeo, a qualified person within the meaning of NI 43-101, prepared the technical information disclosed in this news release.

 

 TORONTO, ONTARIO--(Marketwire - June 15, 2011) - ECU Silver Mining Inc. (TSX:ECU - News) reports that it has recently released its consolidated financial statements for the first quarter ended March 31, 2011 (Q1 2011) and the related management's discussion and analysis of financial position and results of operations (MD&A). The Company increased revenues by 88% and cash flows from mining operations by 149% over the same period ending March 31, 2010 (Q1 2010). The Q1 2011 financial statements were prepared in accordance with International Financial Reporting Standards (IFRS). 

The Company generated net revenues from the sale of dore bars and concentrates for a total of $5,966,092, representing a 6.9% decrease over Q4 2010. The decrease in revenue is a result primarily of lower gold grades. Overall grades are expected to increase as mining moves into new development stopes which have not been impacted by historical mining of high grade material. 

The revenues were applied against cash development costs of $4,383,608 bringing the net positive cash flow to $1,612,484 for Q1 2011. The cash development costs were 14.3% higher than Q1 2010 due to increased labour and materials in the mine and at the mills. 

Cash balance as at March 31, 2011 was $1,219,934, an increase of 254% over the cash balance as at December 31, 2010. 

In Q1 2011 the operations generated silver (Ag) totaling 85,600 ounces and gold (Au) totaling 1,893 ounces. In addition, the mines generated 161,977 pounds of lead (Pb) and 172,736 pounds of zinc (Zn). Expressed in terms of silver equivalent (AgEq) ounces, and based on average commodity prices over the period, total metal output was approximately 180,000 AgEq ounces. 

Shipments for Q1 2011 consisted of: 80,118 Ag ounces, 2,553 Au ounces, 108,215 Pb pounds, and 164,965 Zn pounds. Expressed in terms of silver equivalent ounces, and based on average commodity prices over the period, the Company shipped approximately 201,000 AgEq ounces during this period. 

During Q1 2011, the Company reported a loss of $2,081,960, or $0.007 per share, versus $1,915,436, or $0.006 per share, over the same period in Q1 2010. 

Copies of the financial statements and related MD&A can be found on SEDAR at www.SEDAR.com. 

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 ounces in the measured and indicated category and 391 million silver 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. 

Quelle: Marketwire

 

http://www.ecu.ca/...o&catid=76%3A2011&Itemid=216&lang=en  

warum schmiert der Kurs denn auf einmal so ab ?

 

weiss jemand warum heute kein aktueller kurs angezeigt wird ?