THOMPSON FALLS, Mont., Jan 09, 2012 (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.
MINAS GRANDE DUMP ASSAYS
Sample number Antimony % Gold ounces /metric ton Silver ounces/metric ton
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1 2.76 0.6732 11.79
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2 2.13 0.1793 7.15
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3 1.65 0.1925 6.45
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4 1.63 0.0836 6.62
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5 2.04 0.0825 11.74
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6 1.86 0.1980 5.39
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Average 2.01 0.2209 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.
OTHER DUMP ASSAYS
Sample number Antimony % Gold ounces/metric ton Silver ounces/metric ton
————- ———- ———————- ————————
1 2.36 0.0759 11.33
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2 2.97 0.1595 10.21
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3 3.39 0.0121 9.88
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Average 2.91 0.0825 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.
SOURCE: United States Antimony Corporation
United States Antimony Corporation
John Lawrence, 406-827-3523
