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[coach247]

Marketwire

ECU Silver Mining Inc.

May 21, 2009 - 08:01:16 AM
ECU Silver Provides Update on Mill Operations
TORONTO, ONTARIO--(Marketwire - May 21, 2009) - ECU Silver Mining Inc.
(TSX:ECU) is pleased to report that it has poured a total of 78 silver/gold
dore bars in the past month.
The silver/gold dore bars have a total weight of 1,575 kilograms (kg). Assays
indicate that these dore bars contain a total of 626 ounces of gold and 30,544
ounces of silver.
We have also poured an additional 13 bars this week, assays will be known
later, and expect to pour 300 to 450 kg of dore per week, depending on silver
assays of the feed.
We have sent samples of our dore to different interested buyers and are in the
process of reviewing several term sheets from these potential buyers of our
dore bars. The interest in our dore product has been very strong and we have
so far received offers from seven different buyers. We have sold 730 kg of
dore bars to date and have a planned shipment of another 1,100 kg for later
this week to two separate buyers.
The oxide mill continues to operate very well. Over the next few weeks, we
plan on increasing the throughput of our gold and silver recovery oxide plant
to a rate of 500 tonnes per day.
Cautionary Statements
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 27E of the Exchange Act. Such
statements include, without limitation, statements regarding the future
results of operations, performance and achievements of the Company, including
potential property acquisitions, the timing, content, cost and results of
proposed work programs, the discovery and delineation of mineral
deposits/resources/reserves, geological interpretations, proposed production
rates, potential mineral recovery processes and rates, the proposed
construction of a mill, business and financing plans, business trends and
future operating revenues. Although the Company believes that such statements
are reasonable, it can give no assurance that such expectations will prove to
be correct. Forward-looking statements are typically identified by words such
as: believe, expect, anticipate, intend, estimate, postulate and similar
expressions, or are those, which, by their nature, refer to future events. The
Company cautions investors that any forward-looking statements by the Company
are not guarantees of future results or performance, and that actual results
may differ materially from those in forward looking statements as a result of
various factors, including, but not limited to, variations in the nature,
quality and quantity of any mineral deposits that may be located, significant
downward variations in the market price of any minerals produced, the
Company's inability to obtain any necessary permits, consents or
authorizations required for their activities, to produce minerals from their
properties successfully or profitably, to continue their projected growth, to
raise the necessary capital or to be fully able to implement their business
strategies. All of the Company's public disclosure filings may be accessed via
www.sedar.com and readers are urged to review these materials, including the
technical reports filed with respect to the Company's mineral properties.
FOR FURTHER INFORMATION PLEASE CONTACT:
ECU Silver Mining Inc. Michel Roy Chairman and CEO 011 52 871 747 5750
ECU Silver Mining Inc. Stephen Altmann President (416) 366-2428 (416)
366-8131 (FAX) Website: www.ecu.ca
The Toronto Stock Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of the content of this Press Release.
_________________
Its only a gambling problem if you are losing...

[Gung Ho]

ECU SILVER MINING INC.
87 Front Street East
2nd Floor
Toronto, Ontario
M5E 1B8

PH: (416) 366-2428
FX: (416) 366-8131

www.ecu.ca


ECU Silver Comments on Swine Flu

TORONTO, ONTARIO - April 30, 2009
The extensive press coverage on the swine flu has alerted people all over the world as to
the potential seriousness of this illness. With our operations in Mexico, we are very
sensitive to the potential impact that the swine flu could have to ECU Silver’s operations.
Our mining and milling operations are located near the small towns of Velardeña and
Vista Hermosa, in Durango State, Mexico. These towns are within the Sierra Madre
Mountains approximately 800 kilometres northwest of Mexico City, the epicenter for
swine flu.
To date, we have not had any cases of swine flu at our operations or in the towns of
Velardeña or Vista Hermosa. ECU maintains a health clinic and has two medical doctors
on staff providing health care to our employees and the people of Velardeña and Vista
Hermosa. Our medical staff is watching the situation very closely and is taking all the
necessary precautions to monitor our people and those of Velardeña and Vista Hermosa.
Operations at the mine and mill are currently continuing at a normal rate and the
Company is generating more doré bars on a weekly basis.

CONTACT INFORMATION:

ECU Silver Mining Inc. ECU Silver Mining Inc.
Michel Roy Stephen Altmann
Chairman and CEO President
011 52 871 747 5750 (416) 366-2428
_________________
If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?

[Dajets97]

ECU Silver Completes First Gold Pour
TORONTO, ONTARIO - April 23, 2009 – ECU Silver Mining Inc. (TSX:ECU) is pleased to report that it has successfully poured its first gold/silver doré bars from the oxide mill that was recently acquired on March 9, 2009.
This is a remarkable achievement given the plant was acquired only six weeks ago. We poured a total of 20 bars with a combined weight of 398 kilograms. Assays confirm that the 20 doré bars contain a total of approximately 140 ounces of gold and 7,250 ounces of silver.
The mill has been operating very well at the expected rate of 400 tonnes per day and we have been obtaining good recoveries from the onset. We are currently feeding the mill with material from the Santa Juana mine but we are also mining from three other areas, San Juanes, San Mateo and Chicago on a daily basis, accumulating inventories in all locations.
Our mining plan is being executed as predicted and, in general, we are slightly ahead of work to be executed and so far, we have produced more material than planned.

[scoutaz2003]

ECU drills 3.66 g/t Au, 295 g/t Ag, 7.87% over 12.04 m

2009-04-01 07:32 ET - News Release

Mr. Michel Roy reports

ECU SILVER FILES FISCAL 2008 ANNUAL FINANCIAL STATEMENTS AND PROVIDES OUTLOOK

ECU Silver Mining Inc. has released its audited consolidated financial statements for the year ended Dec. 31, 2008, and the related management's discussion and analysis of financial position and results of operations. Stephen Altmann has also filed its annual information form in respect of the year ended Dec. 31, 2008.

Since the last report to shareholders, ECU has achieved several significant milestones, including:

* Discovery of massive sulphide mineralization;
* Significant increase in silver equivalent mineral resources to 40 million ounces of measured and indicated and 391 million ounces of inferred;
* Completion of a $17.5-million financing; and
* Purchasing a gold and silver recovery plant.

Discovery of massive sulphide mineralization

In July, 2008, ECU was very excited to announce that ECU had confirmed grades from two massive sulphide veins intercepted at depth.

The first drill intercept yielded 3.66 grams per tonne, 295 grams per tonne silver, 7.87 per cent lead and 12.07 per cent Zn over a core length of 12.04 metres (40 feet) (17 grams per tonne equivalent or 1,100 grams per silver equivalent).

ECU Silver Mining has intercept yielded 7.90 grams per tonne, 550 grams per tonne gold, 11.25 per cent lead and 27.68 per cent zinc over a core length of 1.75 metres (six feet) (33 grams per tonne equivalent or 2,180 grams per tonne silver equivalent).

The key points regarding the two massive sulphide veins (the M-S veins) are:

* The grades in the M-S veins, are substantially higher than the Santa Juana NI 43-101 inferred resource grades;
* Drilling has entered a zone where a multiple number of massive sulphide lenses may be found;
* The extent of the alteration zone is unknown as drilling has not yet reached the intrusive;
* These drill results for the M-S veins are considered to be extremely significant as they provide a high level of confidence to the geological model, which suggests the potential for the discovery of additional deep-seated massive sulphide replacement (Mantos-type) deposits. These antos-type sulphide deposits represent major sources of precious and base metals in a high-grade, high-tonnage ratio.

Significant increase in silver equivalent mineral resources

In December, ECU released results of the fourth National Instrument 43-101 (NI has 43-101)-compliant mineral resource estimate on the Velardena district properties in Durango state, Mexico. The results confirmed a silver equivalent increase in measured and indicated resources of 6 per cent to 40 million ounces and an inferred resource increase of 118 per cent to 391 million ounces of silver equivalent.

The objective of the exploration campaign was to convert some of the mineral potential into the inferred category. This was successfully done and ECU now has a mineral inventory that establishes Velardena among the larger silver and gold projects in Mexico. This increase in the mineral resources is the largest in the history of the company. After only 3.5 years, the exploration team has increased the mineral inventory by over 18 times.

The growth of the mineral resource has shown remarkable advance. Exploration efforts at Velardena have consistently yielded excellent results with several veins still open laterally and at depth, and this has been quantified and reported by way of the mineral potential.

Completion of a $17.5-million financing

In February, 2009, ECU completed an equity offering of 25 million subscription receipts at a price of 70 cents per subscription receipt for total gross proceeds of $17.5-million. The subscription receipts were purchased and resold to the public by way of a short-form prospectus filed in all provinces of Canada on a bought-deal basis by a syndicate of underwriters led by Blackmont Capital Inc. and including TD Securities Inc.

Each subscription receipt entitles its holder to receive one common share of the company and one common share purchase warrant. Each warrant entitles its holder to acquire one additional common share at a price of 95 cents per share at any time until Feb. 20, 2014.

Purchasing a gold and silver recovery plant

In March, 2009, ECU completed the acquisition of a gold and silver recovery plant in consideration of a cash payment of $8-million (U.S.) and the issuance of 750,000 common shares of ECU to Hecla.

The oxide plant is a conventional cyanide leach, Merrill Crowe, precipitation circuit. It is ideally suited to treat ECU's oxide material and gold-pyrite concentrate inventory. The company expects to generate a gold and silver precipitate or dore bars from the mill, either of which can be sold to a third party refinery. The oxide plant has a capacity to process mineralized material at 500-tonnes per day.

The plant is located only two kilometres from the company's Santa Juana mine site and immediately adjacent to its Chicago property. The close proximity of the plant to ECU's mining operations will give the company a significant advantage with respect to transportation.

The acquisition of this plant will provide ECU with an opportunity to generate a gold and silver dore bar, and sell these to a refinery without the need to enter into smelter contracts.

Outlook

The near-term objective for 2009 is to minimize our financial risk through the operation of the oxide plant. This will be achieved by treating the mineralized oxide material and sending the product to a refinery for payment. In addition, ECU looks forward to further testing the massive sulphide showings at depth later on in the year. Thirdly, ECU plans on completing an economic study on the sulphide mineral resource.

Looking ahead, ECU believes the prospects for commodity prices will remain strong, and that ECU will see a recovery in base metal prices. ECU plans on ensuring that it is well positioned to capitalize on these trends by having an operation to treat the oxide resource as well as ensuring ECU are positioned to run the sulphide mill when lead and zinc prices recover.

The primary focus this year will be on milling operations, however, the majority of the value of the company remains on the significant current mineral resource and its continuing exploration potential.
_________________
Sold tech stocks in Jan 00, shorted the market until late 02, went into bonds until late 03, gold and silver since then. Will stay until the party is over.

[coach247]

09:41 EDT Tuesday, March 31, 2009

TORONTO, ONTARIO--(Marketwire - March 31, 2009) - ECU Silver Mining Inc. (TSX:ECU) reports that it has completed the re-assembly and re-tooling of the recently acquired gold and silver recovery plant (the "Plant").

On March 9th, we announced that we had completed the acquisition of the Plant and we immediately began re-assembly and re-tooling of the on-site equipment. We are happy to report that in just three weeks, our team in Mexico has successfully completed several important tasks, clearing the path towards a fully operational plant. These tasks included the following:

- Installing all the conveyors belts and the motors for the conveyor system;

- Installing all the motors, pumps and drives for the crushing circuit;

- Installing all motors, pumps and drives for the grinding circuit;

- Installing all motors, pumps and drives for the leaching tanks;

- Preparing the CCD tanks and installing motors, pumps and drives;

- Getting the Merrill Crowe system and the foundry in working shape;

- Getting the various metallurgical and assay laboratories in working shape;

- Testing all lines to tailings ponds and preparing the ponds for new tailings;

- Replacing the main ball mill on its base and complete realignment;

- Running the mill at an initial 400 tonnes per day rate with all circuits operating except for the Merrill Crowe circuit.

All the equipment has been tested and proven to be in good working order. We have not found any major maintenance or performance issues at the Plant.

While we were completing the work at the Plant, our miners were mining underground oxide material and storing this material on surface ("stockpiling"). We currently have approximately 11,000 tonnes of mineralized material that is stockpiled and ready as initial feed for the Plant. The Plant will initially treat this stockpiled material at an anticipated rate of approximately 400 tonnes per day (tpd).

Due to the success in the work to date, we expect to commence continuous operation of the Plant on, or about, April 1st with a view to start pouring silver/gold dore bars commencing as soon as mid April.

We are very pleased with our progress at the Oxide Mill and our team continues to advance quickly.

Cautionary Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, the proposed construction of a mill, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company's inability to obtain any necessary permits, consents or authorizations required for their activities, to produce minerals from their properties successfully or profitably, to continue their projected growth, to raise the necessary capital or to be fully able to implement their business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

FOR FURTHER INFORMATION PLEASE CONTACT:

ECU Silver Mining Inc.
Michel Roy
Chairman and CEO
011 52 871 747 5750
_________________
Its only a gambling problem if you are losing...

[Vic Smith]

I would say this is positive. Also suggests that the holders of the debt feel positive on the future of silver mining and the markets in general.
Vic

ECU Silver Announces Conversion of Debt
TORONTO, ONTARIO--(March 26, 2009) - ECU Silver Mining Inc. ("ECU Silver" or the
"Company") (TSX:ECU) is pleased to announce that it has reached agreements with the
holders of its outstanding 12% convertible debentures maturing on July 31, 2013 (the
“Debentures”) to convert the aggregate principal amount of the Debentures, being
$6,000,000, as well as the accrued and unpaid interest thereon and all associated
prepayment premiums, amounting to $7,348,048 in total, into common shares (“Common
Shares”) and warrants to purchase Common Shares (“Warrants”). ECU Silver has
reached a similar agreement with the holder of a demand promissory note (the “Note”) to
convert $362,357 in principal and accrued and unpaid interest into Common Shares and
Warrants.
Under the terms of such debt conversions, ECU Silver has issued today an aggregate of
11,014,867 Common Shares and Warrants in full repayment of the Debentures and the
Note. The Common Shares and Warrants were issued on the basis of one Common
Share and one Warrant for each $0.70 of indebtedness, being the identical price at which
the Company recently issued Common Shares and Warrants pursuant to its short form
prospectus offering which closed on February 20, 2009. Each Warrant entitles its holder
to acquire one Common Share at a price of $0.95 at any time on or before February 20,
2014.
_________________
This isn`t investing its speculating.

[hobbers]

Looks like the mill purchase is finally a done deal. At Last. Not much left to hold ECU under water, I hope.

http://www.kitco.com/pr/1267/a.....084034.pdf

[coach247]

I just added a few more shares of ECU @ 49.5 cents today. So my buying this month has been to continue accumulating at 66 cents, 57 cents, and now 49.5 cents for another 10,000 shares in total. I consider all of this to be a flip trade and will take some profits later on when the stock bounces, while maintaining a core position. I know there are risks and that the entire PM sector looks sick again lately, but the metals seem to have real strength and that should translate into more attention for the producing juniors as the trend continues. Also, I think ECU is a much stronger company now with the financing closed and shortly I expect to hear that the new mill acquisition is closed. There are reasons to be bullish.

cheers!

mike
_________________
Its only a gambling problem if you are losing...

[joey]

Coach, thanks for your post.

I ought to have called the company before posting my speculation that the
placement was being sold for less than 70c/unit.

It's still open to anyone who recently sold their stock to buy it back for a lower price.

I choose not to; but sincerely wish significant returns for all of you who are long.

regards all.

[NORSASK]

as always Coach...Thank you.

[coach247]

I spoke with Steve Altmann this morning. He has confirmed much of what I already expected but its good to know there are no hidden dangers lurking in the weeds.

The PP is a bought deal and is fully allocated. The syndicate of TD and Blackmont have bought the stock at 70 cents as per the offering price and ECU will get every dollar of that money. After the 30 day distribution period the underwriters can sell any unsold shares at whatever price they choose, even below 70 cents, but that does not affect the price that ECU gained. That extra measure of security is the reason why ECU priced the deal so cheaply and added a full warrant. So the money is in the bag, the deal is done, and there is no market force that can cancel the deal or affect the pricing from here.

The new mill should be fully operational within 3 months. It was on care and maintenance, and they have inspected the equipment and confirmed that it is all there and in good condition. They will have to order reagents and supplies, train staff, and recommission the equipment, tune the bearings, etc. But from then on they are in business.

The floatation cirucit at Velardena is running sulphides. The lead/silver and zinc cons that are produced from this go to a smelter and the netback right now is very low. Instead of mining and processing sulphides, ECU will shift their operation to mine high grade oxide ore, which can be shipped directly to the new mill. The Velardena mill can then just run tailings material to produce a gold pyrite concentrate, which can then be processed at the new mill in a blend with the oxides. This will end up producing a higher grade gold product.

The new mill runs a merrill-crowe cyanide recovery circuit that produces a silver-gold dore product. This can be shipped directly to a refiner and yields a much higher netback. So at the end of the day, within a few months ECU will be producing at a higher rate, with a higher value product, for which they receive much higher net percentage revenues.

The mill is only 2km by road from the mine, even closer than the existing Velardena mill. There are going to be cost savings all around.

It is probable that the stock has taken the big hit in the market because people are shorting the stock and will cover with the units of the placement. The hedge funds and institutional traders are all over this stock. Sadly, it appears they have shaken out some retail longs in the process. It sure looks like the market knows something is amiss and that would account for the dismal sentiment levels. But I am confident that I have been told the truth of what is going on, and from every angle I can see as a long time shareholder of ECU, this deal is going to be a great part of the story and we may have finally turned the corner to become a significant, profitable gold-silver producer. In the future, as conditions change and the value of the base metals goes back up, then the floatation cell process at Velardena can resume running the sulphide ore. But for now, we can be happy that we have a means to unlock the gold value in the tailings and build stronger revenues to carry the ball from here.

cheers!

mike

PS: I post the above as a shareholder, and ECU is a paid advertiser but I do not presume to speak on behalf of the company. People should call the ECU office if they have questions of their own.
_________________
Its only a gambling problem if you are losing...

[joey]

okay, all:

I have been through the prospectus again - and again - and I believe I can reduce the 45 pages to the germane extracts, as follows: (bold is my emphasis):

Prospectus:
p.21
Assuming the Release Conditions are satisfied, the estimated net proceeds received by ECU Silver from the Offering will be approximately $15,875,000 (approximately $18,316,250 if the Over-Allotment Option is exercised in full) after deducting the commission to the Underwriters of $1,225,000 ($1,408,750 if the Over-Allotment Option is exercised in full) and the estimated expenses of the Offering of $400,000. Upon release of the Escrowed Funds, ECU Silver intends to use the estimated net proceeds of the Offering as follows:
Payment of Cash Component for purchase of Plant(1) (2) ....................................................... US$8,000,000
Plant materials(1) .................................................................................................................... US$500,000
Exploration and development ................................................................................................ US$500,000
General working capital(3) ...................................................................................................... $4,776,200(4)
Total ..................................................................................................................................... $15,875,000

p.24
The obligations of the Underwriters under the Underwriting Agreement may be terminated at their discretion on the basis of their assessment of the state of the financial markets and may also be terminated upon the occurrence of certain stated events.

(joey here, commenting:
There is an underwriting agreement – where stated events are undoubtedly listed; but this agreement does not appear to be in the public domain.)

p.25
The Underwriters propose to offer the Subscription Receipts initially at the Offering Price specified on the cover page of this short form prospectus. After the Underwriters have made a reasonable effort to sell all of the Subscription Receipts at the Offering Price specified on the cover page hereof, the offering price of the Subscription Receipts may be decreased and may be further changed from time to time to an amount not greater than the Offering Price specified on the cover page hereof,

(joey here, commenting:
Cover page :
That would 70c for a share and a warrant, exercisable for 5 years at 95c.)

Footnote p. iii:
The Company expects to assign a value of $0.476 to each SR Share and $0.224 to each Warrant issued pursuant to the Offering.


so that's what happening - a 'market' lowering of the price, so as justify lowering the price for the units.

Now, the question is can ECU manage with less money than its management thought it would get.

[NORSASK]

Hi Joey & Coach & Gang,

I've been following ECU.to as well lately - though from a trader's perspective.

RE: PP closing date
this is from initial news release
"The offering is scheduled to close on or about Feb. 18, 2009, and is subject to acceptance by the Toronto Stock Exchange."
GWR posted on Agoracom today that he heard PP would close this Friday (I do not know GWR so i can't vouch for this info).

I could write a few pages on all the pros and cons on ECU's current situation, but time isn't one of my abundant commodities.
In brief, this could be simply a large position offloading to pay for PP, or something more in line with your worries.

The need to start repaying one of the larger debts starting Nov 30, 2009 is a little more worrisome. It doesn't give a lot of time room to get mill set up and working efficiently and generating cashflow.
Perhaps Coach or someone could comment on their abilities to hit the ground running with the mill operating by say May or June.

Disclosure: i have zero shares after today & lost a few $$ misjudging that anon would wait soooo late to sell his large position. Thank goodness for MAI.to yesterday

[joey]

Thank you, Coach.

Let me share what I am fearing:

my hunch is that the big volume today is because those in the know' are getting out as they 'know' that the pp and the Hecla deal are not happening - and from what I can tell, ECU is worse than out of money...it's desperately out of money...

I've been doing some 'info mining' in SEDAR; and I'm more inclined to Vic Smith's pessimism than your optimism.

The ECU NR did say that this placement was a bought deal; but what I'm reading in the Short Form Prospectus, dated and filed feb12 - as I understand it (and it ain't easy) is that the placement is conditional and subject to escape privileges yadayadayada; and, coincidentally, feb 18 is, I believe, the date ECU is to get its money (unless changed by further agreement).

I did have some shares; but based on the dots I'm connecting, I decided to bail (about half an hour ago).

I'll report further if anyone's interested.

[coach247]

Hi Joey!

I called the company a couple of times and just got voice mail but did not leave a message. However I did get a reply to an email I sent asking about the PP and was told that they are working hard to just get it fully subscribed and they would chat with me after the deal was done. That was last week. So I am just waiting patiently until things settle down a bit and will get an update then. I am confident that every unit of that placement will be fully allocated and that the deal will close as presented.

cheers!

mike
_________________
Its only a gambling problem if you are losing...