Bop da ----------------------------------------------------------------------------
ECU Gold Reports Silver and gold Deliveries and Production in 3rd Quarter.Table 1 - Deliveries
vi namweblink
Stock option Price Brass Shipped Gold Same
,264 oz.
72,264 oz. Silver $1346 /oz. 5,988 oz.
336,215 lb
6,616 lb
2,989 oz. Over all bop nam 418,553 oz.
In Q3 2010 the operations formulated gold totalling 95,324 ounce and silver totalling 2,137 ounce. As well as that, the mines formulated 222,184 lbs of direct and 221,831 lbs of zinc. Declared simply by gold same ounce, and based on existing stock option prices (see Table 2 below), over all brass outflow was 235,842 AgEq oz.. Table 2 - Mill Operations
----------------------------------------------------------------------------
Stock option Price Brass Outflow Gold Same
http://thelineishere.org/ ,324 oz.
95,324 oz. Silver $1346 /oz. 2,137 oz.
120,184 lb
10,831 lb
10,104 oz. Over all 235,842 oz.
, respectively,, respectively,.
In the course of the quarter, the Firm sold 5,961 tonnes of gold/pyrite fixate comprising 3,999 ounce of silver. The sales of the gold/pyrite offset few of the reduce mine production that resulted from inside the Firm testing quite a few inspection places, noticeably the Chicago places where vein extensions and new veins were tracked down (see 2010 squeeze discharges dated Oct 7, Aug 31 and Aug 25). As well as that, the Firm grown the inventory of mineralized material at the mine by concentrating more on development to boost upcoming production. In Q2 2010, a complete of 9,489 tonnes of development material (reduce degrees than stopes) was mined whilst in Q3 2010, a complete of 18,240 tonnes of development material was mined that offers the Firm with the probability to maximise production from stopes for lots better milling ends up in the 4th quarter of 2010.
Michel Roy, Chief executive officer and Chairman stated, "We keep on being happy with operations at the oxide mill with tonnage running beyond design potency. We certainly have advanced our undercover development in order to ramp up our sulphide operations and carry the sulphide mill up to its design potency of 320 tonnes for each day. Once complete, the 2 mills would be operating at a merged proportion of up to 900 to A thousand tonnes for each day."
Stephen Altmann, President added, "Through our mining performances, we certainly have received auxiliary insights into our mineral bounty and have in addition received auxiliary go into about the undeveloped ingredient of our mineral resource. We anticipate to employ this knowledge to up-date our inferred bounty into analyzed and showed and we also anticipate to drastically boost the size of our mineral resource as we continue inspection efforts in the Velardena sector.
About ECU Gold
ECU Gold Mining Inc. is focused entirely on the inspection, development and mining of silver, gold and base alloys at its Velardena District Properties in Durango, Mexico. The Firm holds a NI 43-101 compliant mineral resource of 40 mil gold same ounce within the analyzed and showed classification and 391 mil gold same ounce within the inferred classification. The Firm also possesses two mills with a merged potency of 820 tonnes for each day. ECU's assignment is to turn into a pre-eminent gold and silver maker in the course of the development of its current and certainly likely mineral bounty at Velardena.
Cautionary Statements
Readers are warned that there're nil assurances which any or all thing in ECU Silver's mineral resource would be monetarily feasible. Unti a prefeasibility learn is finished, there're nil assurances the divulge of an modernized mineral resource would be monetarily feasible.
This news release includes forward-looking statements in the meaning of Part 27A of the Securities Act and Part 27E of the Transfer Act. Such statements encompass, without restriction, statements in regards to the upcoming outcomes of operations, performance and positive results of the Firm, adding up certainly likely property acquisitions, the timing, content, cost and outcomes of proposed work programs, the invention and delineation of mineral deposits, geological interpretations, proposed production proportions, certainly likely mineral recovery proceedings and proportions, the proposed construction of a mill, enterprise and funding plans, enterprise styles and upcoming operating gross income. Even though the Firm believes which such statements are fair, it should give nil insurance which such anticipations are going to demonstrate to be rectify. Forward-looking statements are usually recognized by words namely: believe, expect, think through, intend, forcast, postulate and similar expressions, or are those, that, by their mother nature, refer to upcoming ceremonies. The Firm warnings shareholders which any forward-looking statements by the Firm aren't guarantees of upcoming results or performance, and which factual results could vary materially from those in onward looking statements due to various factors, adding up, but not limited by, variations within the mother nature, virtue and amount of any calcium deposits which may be positioned, elemental downhill variations within the selling price of every enzymes yielded, the business's incapacity to attain any needful permits, agrees or authorizations needed for their performances, to generate enzymes from their properties successfully or profitably, to continue their projected maturity, to elevate the needful finances or to be wholly capable to undertake their enterprise methodologies., adding up the mechanic reports filed with honour about the Firm’s mineral properties.
SOURCE: ECU Gold Mining Inc. ECU Gold Mining Inc. Michel Roy Chairman vi nam and Chief executive officer Torreon,
. Stephen Altmann
President Toronto,. Mark
Butler Investor Relationships Toronto,
Copyright (C) 2010 Marketwire. All rights reserved.
