News!!!
posted on
Aug 12, 2008 06:53AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
ECU SILVER CONTINUES EXPLORATION SUCCESS AT
TERNERAS EAST
Highlights
2.0 metres (7 feet) grading 2.0 g/t Gold, 1,455 g/t Silver, 6.2% Lead
and 2.5% Zinc.
1.6 metres (5 feet) grading 4.1 g/t Gold, 447 g/t Silver, 0.8% Lead
and 2.1% Zinc.
Toronto, Ontario, August 12, 2008 – ECU Silver Mining (TSX:ECU) (“ECU Silver” or “the
Company”) is pleased to announce further exploration results from the Terneras Vein
within the main Velardeña Property. The Company’s exploration activities in this
particular area of Velardeña, have continued to demonstrate extensive continuity on the
eastern extension of the main Terneras Vein (“Terneras East”). Terneras East was first
identified in our press release dated October 16, 2007 and since that time, the Company
has identified two high grade mineralized vein branches extending east of the main
Terneras Vein, namely, the Northern Branch and the Southern Branch of Terneras East.
Earlier results demonstrated robust assay results for the Northern Branch (see press
releases dated March 31, and May 28, 2008) and more recently, results from the
Southern Branch of Terneras East have also demonstrated very encouraging assay
results based on drilling data and drift sampling.
Drill results are from a surface drill which was located on a new access road driven to test
the eastern extension of Terneras East, previously discovered by underground drifting.
Drill hole, TE08-01 cut the eastern extension of the Terneras Vein approximately 300
metres below surface while drill hole TE08-03 cut Terneras East approximately 550
metres below surface. TE08-01 is approximately 150 metres east of TE08-03. Note that a
deep hole, TE08-02, extended to 700 metres and could no longer extend further and as
such did not reach the projected Terneras East intersection, it will be continued at a later
date.
Hole TE08-01 returned 2.05 metres (7 feet) grading 2.00 g/t Gold, 1,455 g/t Silver , 6.16%
Lead and 2.50% Zinc (see Table 1) and hole TE08-03 returned 1.57 metres (5 feet)
grading 4.10 g/t Gold, 447 g/t Silver, 0.76% Lead and 2.10% Zinc (see Table 2) after
cutting three other veins that have not yet been correlated to other drill intersections but
might be once more drill holes are completed in this area.
These results are notable in that Terneras East is showing evidence of ongoing high
grades and excellent lateral and depth continuity while more veins of interest are being
encountered in the same neighbourhood.