ECU SILVER AND GOLDEN TAG CUT ADDITIONAL MASSIVE
SULPHIDES AT SAN DIEGO
Highlights
Hole SD-07-21A intersects new zone of massive sulphides (MS) and represents richest
and widest MS intercept encountered at San Diego.
437 grams per tonne (g/t) silver (Ag), 10.3% lead (Pb) and 11.8% Zinc (Zn) over
core length of 5.9 metres (19 feet).
Estimated true width of 5 metres with silver equivalent grade of 1,080 g/t Ag.
Toronto, Ontario, November 4, 2008 - ECU Silver Mining Inc. (TSX:ECU) (“ECU”) and Golden
Tag Resources Ltd. (TSX-V:GOG) (“Golden Tag”) are pleased to report that they have
intersected additional Massive Sulphide mineralization (the “MS Zone”) on the joint venture San
Diego Property. The drill-hole SD-07-21A intercept is particularly significant as it represents the
richest and widest intercept that has been drilled on the San Diego Property to date. The MS
Zone yielded 437 grams per tonne (g/t) silver (Ag), 10.3% lead (Pb) and 11.8% zinc (Zn) over a
core length of 5.9 metres (19 feet), at a depth of 600 metres (1,970 feet) below surface (see
Table 1 below).
The recent assay results, along with earlier reports (see press releases dated October 17, 2008
and June 23, 2008) continue to demonstrate an emerging pattern of massive to semi-massive
sulphide mineralization with significant grades in silver, lead and zinc over attractive widths below
the known surface vein occurrences.
Drill-hole SD-07-21A intersected the new MS Zone in the south-eastern portion of the property
where no exploration drilling has been previously completed, until now. The MS Zone is hosted in
massive limestones and is believed to have formed from the replacement of the carbonaceous
host-rock by sulphide-bearing solutions. Like skarn-replacement, carbonate-replacement type
mineralization, can form wide lenses of semi-massive to massive sulphide mineralization that
represent a major source of Ag-Pb-Zn mineralization in Mexico. The new MS Zone could coincide
with the eastern extension of the San José Vein, a NW trending structure located south of the
more prominent Montanez Vein. The Zone is open in all directions and additional drilling is
planned to further outline the extent of mineralization in this area.
Diamond drilling on the property is ongoing with hole SD-08-35, a 70 metre step-out hole to the
west from recently completed hole SD-08-34. The main objective of this hole was to intersect the
junction point of the E-W trending Cantarranas Vein with the northwest trending Ag Stringer Zone
and the Montanez Vein defining a V-shape structure. At the projected intersection point of these
three structures at depth, hole SD-08-35 cut a wide section of polymetallic stringers and veins
stretching over 100 metres from approximately 650 to 750 metres down hole. This mineralized
section straddles the faulted contact between the main diorite intrusive coring the centre of
property and the adjacent marble. It now appears that this NW trending contact is a major
structure transecting the whole property that would connect the Montanez Zone defined in the
Eastern sector of the property with the La Cruz Zone outlined in the Western sector. Assays are
pending.
ECU SILVER MINING INC.
87 Front Street East
2nd Floor
Toronto, Ontario
M5E 1B8
PH: (416) 366-2428
FX: (416) 366-8131
www.ecu.ca
3608 St-Charles Boul.
Suite 16
Kirkland, Quebec
H9H 3C3
PH: (514) 426-8542
FX: (514) 426-8543
Email:
pres@goldentag.ca
www.goldentag.ca
Table 1 – Assay results from drill-hole SD-07-21A
Sample From To Length Silver Lead Zinc Silver Eq.
(m) (m) (m) (g/t) (%) (%) (g/t)
11539 686.30 686.75 0.45 444 9.20 10.80 1,026
11540 686.75 687.45 0.70 446 10.75 14.80 1,194
11541 687.45 688.10 0.65 430 9.58 11.20 1,034
11542 688.10 688.65 0.55 312 7.68 8.39 778
11543 688.65 689.30 0.65 597 15.40 18.65 1,589
11544 689.30 689.90 0.60 549 11.85 18.30 1,435
11545 689.90 690.50 0.60 676 16.25 13.55 1,531
11546 690.50 691.05 0.55 330 8.29 7.11 772
11547 691.05 691.55 0.50 117 2.91 2.81 282
11548 691.55 692.15 0.60 381 8.97 9.09 903
Average 686.30 692.15 5.85 437 10.32 11.81 1,080
Silver equivalents were calculated using the same commodity prices and metal recovery factors
used in the San Diego 43-101 Resource Estimate Report. These were 26.60 g/t Ag per 1% Pb
and 31.21 g/t Ag per 1% Zn.
Cautionary Statements and Additional Information:
Readers are cautioned that until a prefeasibility study is completed, there are no assurances
these latest mineralized zones will be economically viable. True width for the MS vein is
approximately 85% of the core length. All reported analyses were performed by ALS Chemex
accredited assay laboratories of Guadalajara and Vancouver. Ms. Kateri Marchand, P.Geo. a
“qualified person” within the meaning of NI 43-101, prepared the technical information disclosed
in this news release.
ECU Silver Mining Inc. is focused on the exploration, development and mining of gold, silver and
base metals at its Velardeña District Properties in Durango, Mexico.
Golden Tag Resources Ltd. is a junior exploration company actively exploring for high grade
gold and silver deposits at the San Diego silver-lead-zinc project in Durango State, Mexico; the
Aquilon gold project in James Bay, Quebec; and the McCuaig gold project in Red Lake, Ontario.
For additional information please contact:
ECU Silver Mining Inc. Golden Tag Resources Ltd.
Stephen Altmann, President Marc A. Carrier, President
Ph : 416-366-2428 Ph : 514-426-8542; Fax : 514- 426-8543
CHF Investor Relations
Chris Haldane, Account Manager
Tel: (416) 868-1079 ext. 237
Email: chris@chfir.com
Statements in the release that are “forward-looking statements” are based on current
expectations and assumptions that are subject to risks and uncertainties. Actual results could
differ materially. We undertake no duty to update any forward-looking statement to conform the
statements to actual results or changes in our expectations.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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