http://www.allpennystocks.com/aps_ca/special_reports/special_report.aspx

By: AllPennyStocks.com News

April 1, 2010 12:41 PM
It’s an extremely good time to be a mining company in Canada, even more so with cheerier economic news of late. The miners – big and small -- who were plugging away at finding metals both precious and otherwise, have a head start on their competitors who were more apt to wait until things improved.

Toronto-based ECU Silver Mining Inc. (TSX:ECU) has such a clear horizon, having translated its exploration success into a significant mineral inventory, with more than 46 mineral-rich veins with a measured and indicated mineral resource of 40 million silver equivalent ounces and an inferred resource of 391 million silver equivalent ounces, with an in-ground value of $7 billion at current silver prices.

ECU Silver also owns two operating mills with a combined capacity of 820 tonnes per day (tpd), at its Velardena District Properties in Mexico’s Durango state, within a rich gold/silver mineral belt. A 320 tpd flotation mill (the Sulphide Mill) treats mineralized sulphide material to generate a lead/silver concentrate, a zinc concentrate, and a pyrite/gold concentrate. A 500 tpd cyanide leach mill (the Oxide Mill) treats mineralized oxide material to generate silver/gold doré bars.

Clearly, ECU is a company on the move, having increased its resources by an incredible 1600% over the last four years, with potential for as much as 930 million ounces of silver equivalent.

While this country continued its dogged climb out of the recession, ECU continued to make waves in the mineral business in February with some pretty astounding numbers, all the more remarkable in the shortest month of the year.

Highlights include the mining of 29,961 ounces of silver, as well as 502 ounces of gold, plus 162 ounces of gold in pyrite concentrate added to the pyrite inventory. The company also drew 65,101 ounces of silver equivalent from the earth, using a silver-to-gold ratio of 70 to one as well as average daily throughput at the oxide mill of approximately 640 tonnes per day.

With all these lucrative finds in such limited territory, it is remarkable that the stock price is as low as it is. ECU remains below a dollar per share, having reached the lofty heights of 93 cents last November, after scraping bottom at 45 cents on the last day of March 2009, when equity markets of all stripes and sizes were shaking off the bruises of a brutal winter. On the first day of April 2010, the price was almost exactly in the middle of that 52-week range, at about 60 cents, on moderate, though not, spectacular, volume. ECU could be one to watch as things continue to heat up in the commodities market.

Copyright © 2010 AllPennyStocks.com. All rights reserved.