Published: January 09, 2012
U.S. Antimony Reports Los Juarez Mill Feed
THOMPSON FALLS, Mont. - (BUSINESS WIRE) - United States Antimony Corporation ("USAC" , OTCBB "uamy.ob" ) reported
that the flotation mill in Guanajuato, Mexico has been completed and is
ready for production. To start milling operations, dump rock was hauled
from older workings at the Los Juarez antimony/silver/gold property in
Queretaro, Mexico. Six samples were taken on a regular basis from
approximately 19 truckloads or 420 metric tons from dump rock from an
open pit called "Minas Grande." The significance of this dump is that it
was mined to a depth of 40 meters indicating that the deposit is not
just a layered, "Manto" , deposit of 5 meters thickness.
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MINAS GRANDE DUMP ASSAYS
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Sample number
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Antimony %
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Gold ounces /metric ton
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Silver ounces/metric ton
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1
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2.76
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0.6732
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11.79
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2
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2.13
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0.1793
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7.15
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3
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1.65
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0.1925
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6.45
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4
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1.63
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0.0836
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6.62
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5
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2.04
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0.0825
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11.74
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6
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1.86
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0.1980
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5.39
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Average
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2.01
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0.2209
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8.19
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Additionally, another 3 samples were taken on a regular basis from 9
truckloads representing approximately 200 metric tons from other dumps
at the property.
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OTHER DUMP ASSAYS
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Sample number
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Antimony %
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Gold ounces/metric ton
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Silver ounces/metric ton
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1
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2.36
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0.0759
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11.33
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2
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2.97
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0.1595
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10.21
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3
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3.39
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0.0121
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9.88
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Average
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2.91
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0.0825
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10.47
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These samples indicate that (1) the mineralization is disseminated and
fine grained, (2) that it is probably bulk-mineable at a low cost by
open pit methods, (3) that the mineralization is of the Nevada Carlin
gold type which is continuous to depth and not a thin layered deposit as
previously described, and (4) that the mineralization contains
significant gold that was not recognized in the past.
Mining has started at five faces, and bulk sample results will be
reported. USAC does not claim any reserves at this time.
John Lawrence, CEO commented, "The Company's core business continues to
be the processing of antimony raw materials to recover precious metals,
remove impurities, and make quality antimony products. With the start of
the new flotation mill in Mexico, USAC will become a more vertically
integrated producer of antimony and precious metals."
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.
United States Antimony Corporation
John Lawrence, 406-827-3523
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