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Press Release - ECU Silver Mining Inc. (ECU-TSX) |
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The biggest thing now for us because of the production is that we are financially independent, in the sense that now I don’t have to rely on outside funding to pay for the cost to do new things, explore new areas, do some acquisitions. All that right now I can consider; whereas before I would have to do some financing; right now we are not planning to do any short-term financing. - Michel Roy (ECU) (Interview published October 15, 2010) ECU |
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ECU SILVER AND GOLDEN TAG TO RECOMMENCE DRILLING ON SAN DIEGO PROPERTY, MEXICO IN QUARTER 1, 2011
Golden Tag Resources Ltd (C:GOG) Wednesday January 05 2011 - News Release
Also ECU Silver Mining Inc (C:ECU) News Release
Golden Tag Resources Ltd. and ECU Silver Mining Inc. have authorized a phase 5 program of exploration on the highly prospective San Diego property in Durango, Mexico; the program will commence in the first quarter of 2011. The partners have agreed upon a program of exploration of 10,000 to 15,000 metres of surface diamond drilling with an exploration budget of up to US$3,000,000.
ECU Silver and Golden Tag have resolved all outstanding issues related to the recent arbitration ruling so that work may re-commence on the property as soon as possible. The parties are presently in the process of selecting a third party operator who will manage the diamond drilling program and report to and be under the supervision of the JV Management Committee.
San Diego Property, Durango State, Mexico
Four phases of surface exploration have been previously undertaken by the JV on the San Diego Property. Successful exploration has identified a major new polymetallic Silver -Lead - Zinc - (Gold) (Ag-Pb-Zn-(Au)) mineral discovery on an extension of the Velardena Mine trend. NI 43-101 compliant reporting in January 2009 (News Release: Jan 19th 2009) identifies combined Joint Venture Mineral Resources on the San Diego property of:
-- Indicated Resources: 0.371 Million tonnes (MT) grading 245 grams silver per tonne (Ag g/t), 1.80 percent Pb (% Pb), 1.33 percent Zn (% Zn) and 0.339 grams gold per tonne (Au g/t); representing -- 4.25 Million Ounces of Silver-equivalent (oz.Ag EQ); and, -- Inferred Resources: 21.63 Million tonnes (MT) grading 110 Ag g/t, 1.84 % Pb, 2.21 % Zn and 0.134 Au g/t; representing an additional -- 214.3 Million oz.Ag EQ. -- Micon International Inc. also estimated that the property remains highly prospective with additional mineral potential, on strike and at depth, of an additional estimated -- 173.5 to 389.5 Million oz.Ag EQ.
We seek Safe Harbor.
For additional information, please contact:
Golden Tag Resources Ltd. Marc A Carrier, President Ph: (514) 426-8542 Fax : (514) 426-8543 Email : pres@goldentag.ca
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