Golden Tag Resources Ord Shs V.GOG

news and coming onboard...

[billbarilko]

I've been watching this since the .38 range and did not pull the trigger. Recognizing a bunch of names from both the exn and ecu board...looking forward to a nice ride and definitely going to wade in. I'm hoping there will not be a pull back and I believe you will see a bunch of ecu folk joining this party. Looking forward to the long ride and cheers to the longs here! Here id the nr from ecu re. the jv: 5/11/2006 TORREON, COAHUILA, May 11, 2006 (MARKET WIRE via COMTEX News Network) -- ECU Silver Mining Inc. (TSX VENTURE:ECU) - - New property acquisition in a geological environment similar to the Santa Juana mine; - Exploration ready to start on the San Diego property joint venture with Golden Tag; - First drill hole aimed at testing the new stockwork mineralization intersected 40 meters of core length (30 meters width) of similar material, assays are pending. ECU Silver Mining Inc. (TSX VENTURE:ECU) (the "Company") is pleased to announce the signing of an exploration and purchase agreement for 3 mining lots totaling 41.3 hectares. A payment of US$60,000 was made on signing of the documents and additional payments of US$390,000 will be paid in installments over the next 24 months to acquire a 100% interest in the property. This property is located only 1,600 meters south of the Terneras adit entrance, and less than 500 meters from the boundary of our Velardena property. The geology is similar to the geology of the Santa Juana mine where all our recent major discoveries were found. On surface, 10 veins are well identified, varying in known length from 250 meters to 1,300 meters, and in width from 0.20 to 4.0 meters. The best known vein, the "Los Muertos-Chicago" vein, has been followed for 1,300 meters horizontally and 300 meters vertically. Historical sampling and mining gave the following results: - Sampling for William Resources by David Graveson, geologist, in January of 1997 suggested an initial potential for 300,000 tonnes of 8 g/t gold-equivalent (these numbers are historical in nature and have not been calculated following the norms and rules of NI 43-101. They are hereby mentioned only as part of the information available actually); - Sampling for Penoles by Santiago Herran, engineer, in September 1997 yielded a segment of vein of unknown length with widths between 0.40 and 1.30 meters with an average grade of 5.0 g/t Au, 400 g/t Ag, 5.7% Pb and 5.8% Zn; - In the 90's, several lots of concentrates were sent to IMMSA' smelter in Chihuahua with average grades of 2.4 g/t Au, 4.0 kg/t Ag and 65% Pb for the lead concentrates and 300 g/t Ag and 56% Zn for the zinc concentrates. These concentrates were obtained by milling ore from the above mentioned veins and do not represent an indication of the grades of the veins; - Finally, in 1996, a bulk sample was sent to BLM Minera Mexicana for treatment in their cyanide treatment milling plant. The average head grade was 12 g/t Au and 300 g/t Ag. The importance of this first agreement in the immediate vicinity of the Velardena property can not be underestimated as the acquired mining lots have been identified as the land in the area with the geological context most similar to the Santa Juana mine geology. "We are extremely pleased to have executed this strategic agreement at this time. Given the success of our drilling program, the Company felt it is in the best interest of the Company to increase our land position surrounding our current property now rather then later", noted Michel Roy, president and chief executive officer of ECU Silver Mining. Also, the Company would like to comment that Golden Tag Resources has announced that they will finance the acquisition and initial exploration program for the San Diego property where they will have to spend a total of US$1,500,000 over three years to acquire a 50% interest. Work will begin shortly on the San Diego property where Golden Tag Resources have budgeted to spend $500,000.00 (U.S.) for exploration on the property in 2006. The Company believes that the San Diego property has excellent potential and we look forward to working with Golden Tag Resources. Finally, hole TA 17.5-06 has intersected the same geological unit containing the stockwork announced recently. Thanks to the tireless efforts of our drilling team, initial target depth has been reached ahead of schedule. The zone reached is a mineralized diorite cut by numerous veins and veinlets that is in the exact projection of the zone intersected in the cross-cut. The intercept, from 75 to 115 meters for a total core length of 40 meters (estimated true width of approximately 30 meters) was sampled and sent for assaying. Assays are pending and will be published as soon as they are available. Mr. Michel Roy, P. Geo., a "qualified person" within the meaning of NI 43-101, prepared the technical information disclosed in this news release. ECU Silver Mining Inc is a junior Gold, Silver, Zinc and Lead producer in the prolific mining district of Velardena, Mexico where historically over 500,000 ounces of Gold and 250,000,000 ounces of silver have been mined. Full scale production began in May 2005 at the Company's Santa Juana mine. To ensure the Company is positioned for continued growth and expansion, and to take full advantage of the current record setting metals prices, the Company has a fully operational infrastructure in place, several months of planned production available from the current stopes, and ongoing exploration programs. Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations. Head Office Rouyn-Noranda Quebec, Canada J9X 7C8 Tel : [phone] Fax : [phone] Corporate Office J. I. Jimenez 663 colonia Los Angeles Torreon, Coahuila, Mexico, 27000 Tel: [phone] Fax: [phone] The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Contacts: ECU Silver Mining Inc. Michel Roy Cell: 011-52-871-727-1061 [e-mail] www.ecu.ca SOURCE: ECU Silver Mining Inc. mailto:[e-mail] https://www.ecu.ca