ECU Silver Reports on Gold and Silver Operations for Dec. and Nov. 2009
TORONTO, ONTARIO – January 28, 2010 — ECU Silver Mining Inc. (TSX: ECU)
ECU Silver Mining Inc. is pleased to report on its silver and gold fabrication for the months ending December 2009 and November 2009.
Highlights include:
* To-date in January, silver ounces precipitated, are close to the ounces generated in November and December of 2009, combined.
* December yielded a silver equivalent of 52,752 ounces from the oxide mill and 15,162 ounces from the sulphide mill.
* November yielded a silver equivalent of 52,533 ounces from the oxide mill and 22,233 ounces from the sulphide mill.
* Average daily throughput at the oxide mill has increased to 650 tonnes per day (“tpd”), exceeding the 500 tpd target by 30%.
The ramp up of the oxide gold and silver plant at Velardeña, which was acquired in March of 2009, has been successful, despite the typical start-up challenges that are normal for new operations. The Company believes these challenges are behind it and expects the operations to perform more optimally in 2010. Evidence of these improvements has already taken hold as expected silver ounces precipitated in January of this year, should be close to the ounces generated in November and December of 2009, combined. The Company will also continue to ramp up its 320 tpd sulphide plant, also located in Velardeña, which will generate additional gold and silver metals contained in concentrates, for 2010.
In December, the Company generated (see Table 1), a total of 592 ounces of gold and 14,272 ounces of silver from its oxide mill and also generated 124 ounces of gold and 7,102 ounces of silver contained in concentrates from the sulphide mill, which has been ramping up since September 2009. Using the current silver-to-gold ratio of 65 to one (base metals not included as equivalents), ECU generated 52,752 ounces of silver equivalents from its oxide mill and 15,162 ounces of silver equivalents from its sulphide mill.
Check out the results table at www.ecu.ca
This is an example of a WordPress comment, you could edit this to put information about yourself or your site so readers know where you are coming from. You can create as many comments like this one or sub-comments as you like and manage all of your content inside of WordPress.