From today's MIDAS (7/9)

"Bill,
ECU released the results of their Massive Sulfide vein intercept today. They were stellar!

http://biz.yahoo.com/ccn/080709/2008...

In my recent article I noted that from the ECU July 2 PR that "confirmation of the assays" was pending not the assays themselves. That was the clue that ECU had hit something very significant and they have not disappointed with today’s release.

It should be noted that the GOLD content increases dramatically between the first vein and the second (3.66 ->7.9 g/t). The release also says

QUOTE

The most favourable portion of the alteration zone is the contact between the intrusive and the marble/skarn where thick lenses of massive sulphides typically form.

END

And…..

QUOTE

At depth, the drill reached its maximum drilling depth and stopped within the marble/skarn alteration zone before hitting the intrusive.

END

So we have an increasing and already impressive gold grade and they haven’t hit the favorable intrusive contact yet. The Massive Sulfides are also rich in silver and base metals. The second vein is around 1 oz per tonne of gold equivalent! This is already spectacular but it is likely to increase as the intrusive contact is encountered as inferred by ECU! What is even more exciting is that the intrusive contact body could well be in excess of 3 million tonnes (these are my estimates base on a 500m x 100m x 15m mineralized intrusive contact which is reasonable considering the size of the intrusive) . The math on those numbers is stupendous! Judging by the response of the market investors are not paying attention to this. This latest news is showing that ECU has indeed very likely hit the "MOTHERLODE" which will transform the company but it seems that investors need it to be spelled out!

Another impressive aspect of the press release was the fact that this drill hole will allow an inclusion of an inferred resource block that is 160% taller in height than what is currently included (2.6x). The current block is 70 million ozs but the new drill will also increase average grades so the inferred category could increase by more than 2.6x to over 180 million ozs of silver eq.

I saw one pathetic analyst report today that only mentioned the increase in the inferred category as the implication of this new drilling!! Hello! The lights are on but is anyone home? What about the implications of hitting the mother lode; the evident source of all the Santa Juana mineralization? It is difficult to know how some people become analysts. It seems they don’t even have basic reading skills!

The fundamentals for ECU are now getting explosive. It will take very little additional drilling for this to become OBVIOUS to even a six year old and perhaps some analysts!
Cheers
Adrian"