My largest share holding, GATA supporter ECU Silver, has been a dog so long that down looks like up. That’s the bad news. The good news is they have the goods … 420 million silver equivalent ounces and growing. One day the huge naked shorts in this stock are going to get carried out on stretchers…
ECU Silver Identifies Extension of Major Vein on the Chicago Property
TORONTO, ONTARIO -- August 25, 2010 -- ECU Silver Mining Inc. (TSX:ECU) is pleased to report another set of results from its current underground development program, this time from opening the south-west extension of the Gambusinos vein, a major vein on the Chicago Property. A drift has been opened along the vein for a length of 76.25 metres (250 feet) that yielded an average of 3.23 grams per tonne (g/t) gold (Au), 104 g/t silver (Ag), 2.00% lead and 4.82% zinc over a width of 0.73 metres (2.4 feet).
Michel Roy, Chairman and CEO commented that, "The type of mineralization, as well as the presence of close parallel veins, seems to be confirming that the Chicago mineralized system could be the mirror image of the extensive Santa Juana system. In such a case, the potential for growing the Chicago mine into a major production center with large resources is getting more and more likely."…
-END-
