U.S. Antimony Announces Mexican Strategy
United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported it
has pursued a Mexican strategy to generate antimony raw materials from a
diversified base of historically productive mines within commercial
transport distance from our mills and smelter in Mexico. The Wadley
acquisition is complete and USAC now has 4 properties, Los Juarez,
Guadalupe, Guadalupana, Soyatal in production.
We are pleased to provide you with detailed information and projections
on these mines. The projections are conjectural and represent goals not
yet achieved. In addition the projections assume that the properties are
fully permitted with explosive licenses, that equipment and funding is
adequate, and that additional metallurgical equipment is permitted. The
Wadley, Soyatal, and Guadalupana contain primarily oxide minerals.
Recovery of the mineral will be by hand-sort methods for direct shipping
ore (DSO) that could recover 30% of the values. The balance will be
milled by gravimetric methods to recover another 35% of the values
bringing the total recovery to 60-65%. By 2015, the production from
these three properties could total 2,430,000 pounds per year (ppy) of
contained antimony metal. Recovery from the Guadalupe property is by
flotation. Production is currently from dump rock, but following the
issuance of an explosive license to allow underground production, the
production could total 2,640,000 ppy by 2015. Using flotation for
recovery, the Los Juarez property could produce 1,500,000 ppy of
antimony, 450,000 ounces of silver, and 2,250 ounces of gold. USAC does
not claim any reserves on these properties and points out that these
numbers are merely projections.
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.
Copyright Business Wire 2013