March 5, 2018. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported progress on the construction of the cyanide leach plant for the Los Juarez gold-silver-antimony deposit in Queretaro, Mexico. At the Puerto Blanco mill site in Guanajuato where the ore will be milled, all vegetation has been removed in the area of the tailings pond, and a dozer has begun to shape the pond area for a plastic membrane. The location of the leach plant has been prepared for the concrete floor. The carbon circuit which collects the gold and silver will be placed in the back of the 400 ton floatation mill (see photos).
Cyanide testing of the mill tailings has indicated excellent recoveries of the precious metals, and the antimony recovery has been approximately 70% but it is expected to increase at lower depths. The estimated recovery of the values after the caustic leach and cyanide circuit of the tailings is as follows:
Metal | Assay | Recovery | Value | Value /mt |
Gold | 0.035 opmt | 90% | $1,330/oz | $41.90 |
Silver | 3.27 opmt | 90% | $16.50/oz | $48.56 |
Antimony | 0.652% | 70% | $3.946/lb | $39.70 |
Total |
|
|
| $130.16 |
After the successful testing of the leach circuit, the production will be ramped up to the 100 ton per day mill capacity.
Thereafter, work will continue on the 400 ton per day mill. The floor and foundation for the mill are completed. The flotation machines are already there and partially installed, and the ore bin has been installed (see photos). The same leach circuit can be expanded to accommodate the 400 ton per day mill at a minimal expense.
400 ton per day ball mill foundation.
Estimated sales for the month of February 2018 were as follows:
Antimony pounds | 105,162 |
Zeolite short tons | 1,038 |
Commodity prices for February were as follows:
Commodity | Quote | 1 February 18 | 28 February 18 | Change |
Antimony metal pounds | Rotterdam | $3.798/pound $8,375/mt | $3.946/pound $8,700 | 3.88%+ |
CEO John Lawrence said “We are excited about the potential cash flow from the pilot-leach plant for Los Juarez and even more excited about the potential cash flow from the 400 ton per day mill. Presently our new antimony supply agreement and BRZ zeolite sales are helping to fund the leach plant. We expect to announce our progress on several additional strategic and financial opportunities that do not involve dilution of any kind.
About U.S. Antimony
US Antimony is a growing, vertically-integrated natural resource company that has production and diversified operations in precious metals, zeolite and antimony.
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, ability to execute on its increased production and installation schedules for planned capital expenditures and the size of forecasted deposits. 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.
Original Article: http://www.digitaljournal.com/pr/3682236
