Americas Silver Corp fka USAPF

[NYBob]

Dee, USGIF has also acquired the Belmont Gold Mine -
since and its said to be ready for production late 2013 -

The previously producing Belmont Mine in the Drumlummon area of
Montana was purchased in the summer of 2012 by
U.S. Silver & Gold.

The mine produced approximately 500,000 tons in the early 1900s
from the Bald Mountain and Belmont veins.

In the late 1980s and early 1990s previous owners re-examined
the property and Gulf Titanium completed a non
43-101 compliant resource estimate of 77,000 tons of 0.59 ounce
per ton gold, and conducted test mining from a surface decline.

A qualified person has not done sufficient work to classify the
historical estimate as a current mineral resource. The Company
is not treating the historical estimate as a current resource.

In the fourth quarter of 2012, the Company began a program to
confirm previous drilling in
the Belmont and Bald Mountain veins and discover new veins
in the area.

This drill program was established to "twin" previous
intersections that had been discovered in the early 1990s.

Early and deep snow resulted in cancellation of the drilling
before the full program could be finished—however, two holes
were completed and a third was started.

The first hole (Bel 12-01) obtained seven intercepts with
gold and silver mineralization as outlined in Table 2 below.

Table 2
Belmont DH #1
Azi: 319 Dip: - 40 Total Depth: 1,094.5 ft.
Intercept (ft) Width
(ft) Au
(oz/t) Au
(g/t) Ag
(oz/t) Ag
(g/t) Comments
466-469.5 3.5 0.50 17.18 3.8 131.0 West Belmont vein
791-792 1.0 0.41 14.19 0.3 9.6 Possible new vein
892-900 8.0 0.47 14.95 0.9 32.2 Bald Mountain vein zone
932-935 3.0 2.67 91.54 7.4 255.1 Bald Mountain footwall vein
988-989 1.0 0.19 6.34 0.2 7.2 Possible new vein
1015-1016.5 1.5 0.37 12.65 2.6 90.5 Possible new vein zone

To convert ounces per ton to grams per tonne, multiply by 34.286.

Note the true thickness of the veins is not known but calculations
based on the angle of the drill hole and the intersections
suggest that they will be 80 to 90% of the intersected width.

Belmont Drill Hole (DH) #1 was completed at an azimuth of 319
degrees and a dip of minus 40 degrees with a total depth of
1,094 feet.
It was drilled from the top of Bald Mountain at an
elevation of approximately 6,550 feet.

The second drill hole intersected a drift at the target depth in
the Bald Mountain vein, but did encounter several veins in the
upper parts of the hole with those assays still pending.

The third hole was abandoned due to heavy snowfall and winter
conditions which made it too hazardous to access to the drill
site. The hole was capped and prepared for re-entry in the
spring.

Quality Assurance / Quality Control ("QA/QC")

U.S. Silver & Gold maintains a QA/QC Program for all assays,
whether completed at the Drumlummon laboratory or at a contract
laboratory including the use of standards, blanks, duplicates.

All QA/QC results are evaluated using a program of QA/QC monitoring.
Both the contract laboratory and the Drumlummon laboratory
maintain programs of QA/QC as well.

Assays for the Belmont drilling were completed at
the Company's laboratory at the Drumlummon Mine in Montana
while the assays for the Lead Zone were prepared
by a commercial laboratory located in Osburn, Idaho

About U.S. Silver & Gold Inc.

U.S. Silver & Gold Inc. is a newly formed silver and gold mining
company focused on growth from its existing asset base and
the execution of targeted accretive acquisitions.

U.S. Silver & Gold owns and operates the Galena Mine Complex in
the heart of the Silver Valley/Coeur d'Alene Mining District,
Shoshone County, Idaho and
the Drumlummon Mine Complex in Lewis and Clark County, Montana.

Within the Galena Mine Complex, the Galena mine produces high-
grade silver and is the second most prolific silver mine in
U.S. history, delivering over 200 million ounces to date,
the Coeur mine is under re-development with production expected
in late 2012 and the Lead Zone is being evaluated for bulk mining
development.

The Drumlummon mine currently produces high-grade gold and silver
with historical production of
1 million ounces of gold and 12 million ounces of silver and
has never been fully exploited or explored.

Visit www.us-silver.com

http://www.us-silver.com/News-and-Events/News-Releases/News-Release-Details/2012/US-Silver--Gold-Intersects-Wide-Zones-of-Silver-Mineralization-in-Lead-Zone-at-Galena-Complex1132120/default.aspx

Some of the potential quantities and grades disclosed in this news release are conceptual in nature. At the current stage of exploration, there is insufficient drilling to determine the extent of continuity of the mineralization required to define a mineral resource for all mineralization at the Galena Mine Complex and Drumlummon Mine. It is uncertain if further exploration will result in certain exploration targets being delineated as a mineral resource.

Please see SEDAR or www.us-silver.com for the 43-101 compliant Technical Report and Resource Estimate on
the Drumlummon Mine Project dated April 9, 2012 and
the Galena Project dated March 19, 2012.

FYI. please find below find and old video
btw. most complains are settled since;
the mine creates a lot of work opportunities for local residents etc.
the high grade gold & silver ore be shipped to Galena Mine who will run 24hrs/day etc.
http://www.krtv.com/news/drumlummon-mine-changes-concern-marysville-residents/#!prettyPhoto/0/

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