MONTREAL, QUEBEC--(Marketwire - Feb. 20, 2008) - Golden Tag Resources Ltd. (TSX VENTURE:GOG) ("Golden Tag") and ECU Silver Mining Inc. (TSX:ECU) ("ECU") are pleased to report diamond drill results from the first two holes of a planned 15-hole, 7,500 metre drilling program initiated in October 2007 on their San Diego, Mexico property. Complete results have been received from holes SD-07-18 and SD-07-11, drilled respectively on the western and eastern side of the central Diorite Intrusive which cores the mineralized system on the property. Both holes have returned very encouraging results indicating:
- High gold values associated with silver-lead-zinc vein-type mineralization within the Montanez Zone. This style of gold mineralization is very similar to that encountered at the nearby Velardena Mine of ECU Silver and points to a possible common origin for these occurrences and depth variation or zonation in mineralogy, metal content and environment of mineralization;
- Confirmation of the bulk mining potential at depth in newly discovered sulphide stringer zones within Endoskarn and Diorite at depths of 700 to 800 m below surface; and,
- Confirmation of the presence of broader zones of mineralization associated with the La Cruz and Montanez zones, and the extension of these broad zones to depth. The La Cruz Zone has now been confirmed down to a depth of 600 metres below surface.
Results from drilling are summarized in Table 1 and are also available at
www.goldentag.ca.
David Rigg, CEO of Golden Tag stated that "The setting and nature of the recently uncovered gold mineralization represents a major development for the San Diego project. The new gold values occur in one of the main structure on the property where areas of bulk mining potential have been outlined. This discovery could lead in time to new criteria being used for assessing resources at San Diego, since gold values to date have been given no value in recently completed 43-101 Resource Estimates."
Hole SD-07-11 completed to a depth of 188 metres during Phase 2 program was extended to a final depth of 447 m to test for a deep intersection of the Montanez zone. The hole extension intersected multiple areas of mineralization at depth including: broad zones of mineralization in the Hangingwall, centre zone and Footwall of the Montanez zone (see Table 1), with significant gold values associated with silver-lead-zinc mineralization similar to mineralization at the Velardena Mine. Results include:
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