Welcome To The Golden Minerals HUB On AGORACOM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: ECU Silver Reports Best Operating Month in March 2010
| April 14, 2010 | ||
| ECU Silver Reports Best Operating Month in March 2010 | ||
|
TORONTO, ONTARIO--(Marketwire - April 14, 2010) - ECU Silver Mining Inc. (TSX:ECU) ECU Silver Mining Inc. is pleased to report that it has achieved its best month of operations since commencing operations of its oxide mill 11 months ago. Highlights include: -- 12% increase in silver to 33,614 ounces;
-- 40% increase in gold to 705 ounces;
-- 107% increase of gold in pyrite concentrate to 336 ounces, which was
added to the pyrite inventory;
-- 27% increase in silver equivalent to 79,443 ounces, using a silver-to-
gold ratio of 65 to one (base metals not included as equivalents);
-- Average daily throughput at the oxide mill of approximately 494 tonnes
per day ("tpd").
For March, the amount of silver equivalent generated (see Table 1) was 79,443 ounces, approximately 27% greater than February. 705 ounces of gold was generated in March, 203 ounces (40%) greater than the previous month and 33,614 ounces of silver was generated in March, which was 3,653 ounces (12%) greater than in February. An additional 336 ounces of gold contained in our pyrite concentrate, 107% greater than February, was added to our pyrite concentrate stockpile which currently contains approximately 8,600 ounces of gold. Table 1: March 2010 ----------------------------------------------------------------------------
----------------------------------------------------------------------------
Sulphide
(ounces) Oxide Mill Mill Total
----------------------------------------------------------------------------
Gold 695 10 705
Silver 27,207 6,407 33,614
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Silver Equivalent (65:1) 72,382 7,061 79,443
----------------------------------------------------------------------------
In Pyrite Concentrate (sent to
inventory)
Gold - 336 336
Silver - 2,011 2,011
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Silver Equivalent (65:1) - 23,851 23,851
----------------------------------------------------------------------------
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. Cautionary Statements 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 The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release. |
|
7 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply