THOMPSON FALLS, Mont.–()–United States Antimony Corporation (USAC, OTCBB uamy.ob) reported that the flotation mill in Guanajuato, Mexico is now operating on feed from the Soyatal District containing 5-6% antimony. Initial concentrates assayed 66% antimony.
A large crusher is being installed to handle the oversize rock from the Los Juarez open pit and dumps. Following are the assays from 607 metric tons of feed that has been delivered to the mill from Los Juarez:
MINAS GRANDE MILL STOCK PILE | |||||||||
| Sample number | Antimony % | Gold ounces/metric ton | Silver ounces/metric ton | ||||||
| 1 | 3.77 | 0.0440 | 9.35 | ||||||
| 2 | 2.73 | 0.0253 | 15.24 | ||||||
| 3 | 1.73 | 0.0264 | 13.48 | ||||||
| 4 | 1.73 | 0.0132 | 13.16 | ||||||
| 5 | 1.19 | 0.0022 | 4.99 | ||||||
| 6 | 1.74 | 0.0165 | 12.43 | ||||||
| 7 | 1.38 | 0.0055 | 8.98 | ||||||
| 8 | 1.95 | 0.0154 | 7.22 | ||||||
| 9 | 2.05 | 0.0044 | 4.33 | ||||||
| 10 | 2.51 | 0.0088 | 7.06 | ||||||
| Average | 1.73 | 0.0162 | 9.623 | ||||||
Although mining has started at five faces at the Los Juarez property, USAC does not claim any reserves.
Furnace capacity at the Madero Smelter in Coahuila is being expanded to handle the flotation concentrates.
John Lawrence, CEO, commented, USAC produced 204,985 pounds of antimony metal in Mexico in 2011 while awaiting the start-up of mining at Los Juarez and the completion of the flotation mill. The Company has another 500 ton per day mill in Montana that is being prepared to increase capacity in Mexico should it be warranted.
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.
Contacts
United States Antimony Corporation
John Lawrence, 406-827-3523
Fax: 406-827-3543
[email protected]
