Agoracom: Small Cap Investment - Golden Minerals Company

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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News

posted on Feb 07, 2011 10:17AM

ECU Silver Reports Results From Stope/Resource Reconciliation at the Santa Juana Mine

TORONTO, ONTARIO--(Marketwire - Feb. 7, 2011) - ECU Silver Mining Inc. (TSX:ECU) is pleased to announce some of the results from its current development work, where the Company has again recorded significantly higher grades from active stopes compared to the mineral resource grades calculated for the Company's NI 43-101 resource report, in the same corresponding area. Due to the consistency in the higher stope grades versus resource grades at the Santa Juana mine, located in the main Velardena Property, the Company is attempting to reconcile assays from mine production to mineral resource grades in this area.

A major vein in the Santa Juana mine, the C-1 vein, was recently opened on level 19 and 39 samples were taken from the stope face, which averaged 29.80 grams per tonne (g/t) gold (Au), 819 g/t silver (Ag), 3.09% lead Pb and 3.40% zinc (Zn) over an average width of 0.51 meters. The best sample graded 85.31 g/t Au and 150 g/t Ag over 0.80 meters. These results are much higher than the expected grades of 3.70 g/t gold (Au) and 173 g/t silver (Ag) over 1.27 meter that were calculated for the most recent NI 43-101 mineral resource estimate report.

Michel Roy, CEO and Chairman of ECU stated, "This consistent higher grading in the production stopes has been reported in several press releases of the Company in recent months. The Company intends to use all this information to reconcile assays from production and assays from the NI 43-101 resources report. The objective will be to evaluate the opportunity of understanding whether revising the current resources merits producing a new NI 43-101 compliant mineral resource report, that would include the results of this reconciliation."

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