ECU Silver Continues Exploration Success at Terneras East
ECU Silver Mining (TSX: ECU) (”ECU Silver” or “the Company”) is pleased to announce further exploration results from the Terneras Vein within the main Velardena Property. The Company’s exploration activities in this particular area of Velardena, have continued to demonstrate extensive continuity on the eastern extension of the main Terneras Vein (”Terneras East”). Terneras East was first identified in our press release dated October 16, 2007 and since that time, the Company has identified two high grade mineralized vein branches extending east of the main Terneras Vein, namely, the Northern Branch and the Southern Branch of Terneras East. Earlier results demonstrated robust assay results for the Northern Branch (see press releases dated March 31, and May 28, 2008) and more recently, results from the Southern Branch of Terneras East have also demonstrated very encouraging assay results based on drilling data and drift sampling.
Drill results are from a surface drill which was located on a new access road driven to test the eastern extension of Terneras East, previously discovered by underground drifting. Drill hole, TE08-01 cut the eastern extension of the Terneras Vein approximately 300 metres below surface while drill hole TE08-03 cut Terneras East approximately 550 metres below surface. TE08-01 is approximately 150 metres east of TE08-03. Note that a deep hole, TE08-02, extended to 700 metres and could no longer extend further and as such did not reach the projected Terneras East intersection, it will be continued at a later date.
Hole TE08-01 returned 2.05 metres (7 feet) grading 2.00 g/t Gold, 1,455 g/t Silver, 6.16% Lead and 2.50% Zinc (see Table 1) and hole TE08-03 returned 1.57 metres (5 feet) grading 4.10 g/t Gold, 447 g/t Silver, 0.76% Lead and 2.10% Zinc (see Table 2) after cutting three other veins that have not yet been correlated to other drill intersections but might be once more drill holes are completed in this area.
These results are notable in that Terneras East is showing evidence of ongoing high grades and excellent lateral and depth continuity while more veins of interest are being encountered in the same neighbourhood. Read More
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