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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: News
| February 3, 2010 |
| ECU Silver Receives Environmental License for Current and Future Operations |
| TORONTO, ONTARIO--(Marketwire - Feb. 3, 2010) - ECU Silver Mining Inc. (TSX:ECU) is pleased to report that its Mexican operating unit has received a "Licencia Ambiental Unica" (the LAU), effectively, a unified environmental license. The LAU replaces all existing environmental permits for the operations at Velardena and provides the necessary license for expansion of the current sulphide operations by adding a 1500 tonnes per day ("tpd") mill as well as the continuation of all current operations. The granting of the LAU is a very important accomplishment in the Company's work to expand its mining operations that will eventually encompass a new 1500 tpd mill for processing sulphides. The scoping study which will outline, on a preliminary basis, the economics for the larger milling operations, will be delivered by the end of the first quarter of 2010 and is the first phase of the Company's future plan to grow to 5000 tpd. The main feature of the LAU is that it provides for all permits, authorizations and licenses in environmental matters through a comprehensive approach that looks at the impacts to air, water and soil. It is applicable to all our current operations and will be applicable to future expansions as outlined in our submitted Environmental Impact Study to be included in our scoping study. The LAU is a direct regulatory instrument for industrial businesses which falls under Mexican federal jurisdiction and sets out the conditions for operations in accordance with environmental legislation. It complies with the requirements of SEMARNAT which is the Cabinet level department of the Executive branch responsible for developing environmental policy and legislation. 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. |
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