U.S. Antimony Announces Assays from Antimony and Silver Property in Mexico Monday November 26, 8:00 am ET
THOMPSON FALLS, Mont.--(BUSINESS WIRE)--United States Antimony Corporation (OTCBB: UAMY - News) announced assays from its wholly owned Mexican subsidiary, Antimonio de Mexico, S. A. de C. V., large antimony and silver property in the State of Queretaro, Mexico. Initial feed for the flotation mill will be from dumps from previous mining operations. The dumps are estimated to contain more than 10,000 tons of mill feed. Mining will begin from four mine faces in existing pits that were mined almost 40 years ago. Following are the assays: Pit 2 3.72% antimony 0.035 opt gold 3.72 opt silver Pit 3 1.69% antimony 0.035 opt gold 1.82 opt silver Pit 3A 2.63% antimony 0.012 opt gold 8.72 opt silver Pit 4 4.74% antimony 0.017 opt gold 18.42 opt silver
All of these samples were taken from mine faces that were more than 3 meters in height. A dump sample was taken that is representative of more than 50 tons as follows: 6.77% antimony 0.009 opt gold 13.74 opt silver
Although mineralization has been mapped for a strike length of more than 4.5 kilometers and a width of more than 50 meters, the Company claims no reserves at this time.
The permit for the mine property has been granted, and the permit for the mill site is expected within 30 days. The water pipeline from a waste-water treatment plant is under construction, the mill location has been surveyed, a heavy truck access road is being built, and some of the equipment has been taken to the mill site. Other truckloads of the mill equipment will be trucked to the site before the end of the year. Antimony, silver and gold concentrates from the 150-ton per day mill will be processed at USAC’s smelter site at Estacion Madero in the State of Coahuila, Mexico.
USAC is now the only significant domestic producer of antimony products. China controls 89% of the world antimony production. USAC hopes to become a more significant supplier.
Forward Looking Statements:
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations, pending contracts and future revenues. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-KSB with the Securities and Exchange Commission.
Contact: United States Antimony Corporation John Lawrence, 406-827-3523 Fax: 406-827-3543 tfl3543@blackfoot.net
-------------------------------------------------------------------------------- Source: United States Antimony Corporation
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