ECU Silver Mining Incorporated
ECU Silver Mining Incorporated
is a Canadian-based, mining company, operating in the precious and base metals business since 1997. ECU Silver is a junior gold, silver
, lead and zinc producer with main mining properties and interests in the Velardeña district, Central Mexico. The Velardeña District is well-known for being abundant in ore, as the region had produced more than 500,000 gold ounces and 250 million ounces of silver in the past. Besides the primary Velardeña property interests, the company holds the Chicago and the San Diego properties, which are located in the same district as the primary property. The properties are all located in the Durango State of central Mexico, across some 140 km to the northeast of the capital.
Being founded only a decade ago by mining experts, the company is now a mid-tier gold producer. This mining
corporation is traded under the symbol ECU on the Toronto Stock Exchange. The miner is a mid-tier gold producer. At present, the company has three blocks which consist of 33 concessions, covering an area of 1,873 hectares. The primary property of ECU in Velardeña consists of four mines, which are adjacent or in a close proximity to each other, namely: Terneras, San Mateo, Santa Juana, and San Juanes. The company’s San Diego site is at approximately 10 km distance northeast of the interconnected Velardeña mines.
ECU Silver’s Velardeña has measured and indicated resources of 40 million ounces of silver equivalent. The resource estimate totals the sum of mineral resources from the primary Velardeña Property, the Chicago Property, and 50 percent of the San Diego Property, which is a joint venture operation. The inferred resources are 391 million ounces of silver equivalent (bear in mind that under the US system of estimation the term “inferred” is not recognized). Mineral potential, a value that is conceptual in nature, and therefore must be stated in a range, has been estimated on silver and gold basis only, and stands at 569,524,000 to 930,400,000 ounces of silver equivalent.
ECU silver extracts mineralized stope and treats the material at its fully-owned milling plant. The company has a flotation mill with capacity of 340 tonnes per day, situated in the Velardeña village. In this facility, the company treats the mineralized material and generates lead, silver, zinc, pyrite, or gold concentrates. The company also runs a cyanide plant.
The miner had also committed itself to provide periodical up-to-date information on its rapidly developing exploration drilling program. The company has remarkable exploration success: as of the period from 2006 to 2009, the growth in inferred Ag equivalent in million ounces has increased 18 times. Among the peer competition, ECU leads with three times higher mineral inventory than any comparable average. The company offers not simply operations, but a very attractive explorations potential to its shareholders and potential investors.
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