Posted in | News | Gold | Lead | Silver | Zinc

New Mineralizations Found on the Chicago Property by ECU Silver

ECU Silver Mining Inc. (TSX:ECU) has reported on the second of two newly discovered veins on the Chicago Property. As reported in press releases dated August 25 and August 31, 2010, ECU identified two new veins plus a high grade extension of the known Gambusinos Vein, all within the Chicago Property.

The Company has now received assays from this second vein for a length of 45 meters with grades averaging 6.99 grams per tonne (g/t) gold (Au), 393 g/t silver (Ag), 9.02% lead and 6.83% zinc over an average width of 0.26 meters (1 foot). Assays were based on 15 cuts separated by approximately 3 meters (10 feet) each, with the best cut grading 14.98 g/t Au, 599 g/t Ag, 9.12% lead and 16.21% zinc over an average width of 0.30 meters (1 foot).

This is very similar to the results reported on August 31, 2010 for the "Escondida" vein which is parallel to this new vein with similar mineralization within a vein system that is known to extend over 1,300 metres (4,265 feet) in length and 850 metres (2,790 feet) in depth, based on previous geological information. This vein was not included in the Company's last NI 43-101 mineral resource estimate.

Michel Roy, Chairman and CEO stated; "With these three new veins on the Chicago Property, all in close proximity to one another, the Chicago system is looking more and more like the mirror image of the large Santa Juana vein system. We are very excited about Chicago as it is showing signs that the potential to increase resources is becoming as significant as the Velardeña and San Diego properties."

The new vein is similar to the other veins found and identified in the Chicago area within a geological setting similar to the geology and mineralization of the extensive Santa Juana vein system, located within the adjacent Velardeña Property. The veins are polymetallic and rich in gold, silver, lead and zinc. The main difference between the Chicago and Santa Juana mines is that the Santa Juana veins strike NW -SE whereas the Chicago veins strike NE-SW.

Cautionary Statements

Readers are cautioned that until a prefeasibility study is completed, there are no assurances these latest mineralized zones will be economically viable.

All widths are true widths. Samples were assayed at the ERSA laboratory in Torreón, Coahuila, Mexico which is currently in the process of being certified. Mr. Michel Roy, P. Geo., a "qualified person" within the meaning of NI 43-101, prepared the technical information disclosed in this news release.

Source: ECU Silver Mining Inc.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.