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.
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.