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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States, and is re-evaluating the Relief Canyon mine in Nevada, United States. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The 60% owned Galena Complex is located in Idaho’s Silver Valley. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover approximately 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico.


TSX:USA - Post by User

Post by Flow23on Sep 19, 2011 8:33am
545 Views
Post# 19056533

News! Exploration Drill Results

News! Exploration Drill ResultsU.S. Silver Announces Exploration Drill ResultsU.S. Silver Corporation (TSX:USA, OTCQX:USSSIF, Frankfurt:QE2) "U.S. Silver" or "the Company" is pleased to announce continued positive results from underground diamond drilling at the Galena and Coeur Mines near Wallace, Idaho.The Company previously announced positive diamond drilling results from the 4000 and 5200 levels at the Galena mine. The Company has also initiated drilling on the 3700 level at the Coeur mine in support of resource validation as part of the ongoing redevelopment planning. Drilling continues on all three levels with 13,456 feet (4,101 meters) of drilling completed during the second quarter of 2011 and 39,980 year to date. Currently, three drills are operating underground with a total of four drill shifts per day.U.S. Silver has also initiated a surface drilling program and is diamond drilling the Argentine and Geraldine Veins, in Argentine Gulch, between the Galena and Coeur Mines. The two veins are the surface expression of the 2400 level, 290 Vein. One deep drill hole has been completed and is being processed, and a second wedge-off hole has been initiated. Additionally, U.S. Silver is collaring diamond drill holes at the Coeur D''Alene Mine to explore extensions of known silver-copper bearing veins. Currently two drills are operating on the surface 24 hours a day seven days a week. A total of 2,200 feet surface exploration drilling has been completed."Increased drilling activity has continued to provide encouraging results at the Galena and the Coeur mines as we work hard to expand our reserve base from known areas of mineralization. Grades encountered are in excess of what we anticipated and we are confident that the Company will once again expand our reserves this year as we have every year since acquiring the property." stated Tom Parker CEO of US Silver. "The addition of a surface exploration drilling program opens the opportunity to define new discoveries on our extensive land position in a silver rich region that has not been extensively explored."DRILLING HIGHLIGHTSDrilling in 2011 continues U.S. Silver''s 2010 trend of identifying new silver veins as well as extensions of existing silver veins at the Galena and Coeur Mines. The best intersection encountered on the Coeur 3400 level was 8.2 feet (2.50 m) of true thickness averaging 25.1 opt (780.70 gpt) Ag and 0.58 % Cu. Since March 4, 2011, the best intersection encountered on the Galena 4000 level was 2.3 feet (0.70 m) of true thickness grading 44.33 opt (1378.82 gpt) Ag and 2.2% Cu. The best intersection on the Galena 5200 level was 10.3 feet (3.14 m) of true thickness grading 26.0 opt (808.69 gpt) Ag and 0.93% Cu.
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