U.S. Antimony Announces Mexican Mill Site
Monday April 9, 8:00 am ET
ca.us.biz.yahoo.com
THOMPSON FALLS, Mont.--(BUSINESS WIRE)--United States Antimony Corporation (OTCBB: UAMY - News) announced that its wholly owned subsidiary, Antimonio de Mexico S. A. de C. V. ("AM"), has entered into an Agreement with Comision Estatal de Aguas ("CEA", the Mexican State of Queretaro Water Commission) to purchase treated waste water from the town of Cadereyta. This is enough water to allow AM to process up to 500 metric tons per day, and the water will not effect the supply of potable water to the local community. AM will now exercise its option to purchase a mill site that comprises more than 60 acres in proximity to the water supply.
A consulting firm has been retained to permit the mine and mill. The initial flotation mill has a rated capacity of 150 metric tons per day. The mill equipment has been prepared for shipment from the main USAC plant at Thompson Falls, Montana. The mining equipment and some of the mill equipment is already in Mexico. The smelting facility that is owned by USAMSA has been essentially completed at Madero in the State of Coahuila, Mexico.
A Mexican Government report prepared by Consejo de Recursos Minerales reports a resource of 1,000,000 metric tons of rock containing 1.8% antimony and 8.1 ounces per ton silver. Previous owners have had problems with the metallurgy of the antimony and silver, but USAC has used a proprietary method to do this for years. Other land surrounding the original claim block has been obtained.
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.
Contact:
United States Antimony Corporation
John Lawrence, 406-827-3523
Source: United States Antimony Corporation |
