U.S. Antimony Reports Excellent Assays
THOMPSON FALLS, Mont.--(BUSINESS WIRE)-- United States Antimony Corporation ("USAC", NYSE MKT "UAMY") announced initial mill feed assays from its Los Juarez silver-antimony-gold property. The assays were 0.728% antimony, 6.22 ounces of silver (193 grams) per metric ton, and 0.023 ounces of gold (0.7 grams) per metric ton and represent 1,415 tons of dump rock mixed with soil from the Minas Grande open pit that was 30 meters deep. There is no assurance that these values will continue in other areas of the property
The disseminated Los Juarez mineralization is in vertical jasperoid zones mapped for 2.18 miles (3.5 kilometers) along strike and over a width of 0.5 miles (0.8 kilometers). The deposit is open in all directions.
USAC's Chief Executive Officer, John Lawrence, commented that these values are exceptional for an open-pit, bulk-mineable deposit where mining costs are less than $10.00 per metric ton.
USAC is a diversified producer of antimony, precious metals, and zeolite with operations in the Unites States and Mexico.
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.
United States Antimony Corporation
John Lawrence, 406-827-3523
KEYWORDS: United States North America Montana
The article U.S. Antimony Reports Excellent Assays originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.