United Mine Services Secures Contract with Idaho Department of Environmental Quality
VANCOUVER, British Columbia--(BUSINESS WIRE)-- United Silver Corp. ("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8) is pleased to announce that its subsidiary, United Mine Services, Inc. (UMS) dba Stewart Contracting has secured a contract to provide ongoing environmental remediation services for the Idaho Department of Environmental Quality (DEQ) in the Coeur d'Alene Basin in Northern Idaho. The contract is for one base year and three one year options. Services will include providing labor, materials, and equipment to remove and replace contaminated soil and gravel with clean materials, restore site vegetation, and perform associated site work. Anticipated contract volume for the 2013 construction season will be approximately 1.5 million square feet which is a 7% increase over last year's contract volume. The invoice total for UMS 2012 remediation work was $4.3 million.
Greg Stewart, CEO of UMS and President of Stewart Contracting says "Stewart Contracting is very pleased to be awarded a new contract to provide remediation services to DEQ. Over the last decade we have remediated hundreds of properties in the Coeur d'Alene Basin utilizing similar multi-year contracts with the DEQ. We look forward to continuing our long standing working relationship with DEQ by providing our services and expertise to the State of Idaho".
ABOUT UNITED SILVER CORP.
USC is a vertically integrated Canadian mining company with operations in Idaho, USA. It has an 80% interest in the Crescent Silver Mine project in the Silver Valley's prolific Silver Belt - directly between two of the district's historically largest silver producing properties, the Sunshine and Bunker Hill mines. USC also offers a full suite of mining services including contract mining and providing a complete fabrication shop and service for building and repairing mining equipment to silver miners in the district. USC's common shares trade on the Toronto Stock Exchange under the symbol "USC". For more information about USC, please visit: www.unitedsilvercorp.com
ON BEHALF OF UNITED SILVER CORP.
Chairman and CEO
Tel. (855) 238-0202
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. Forward looking statements in this press release include that we can bring the Crescent Mine to commercial production with a reasonable investment, and that SRK will complete a PEA and technical report on the Crescent Mine within 5 weeks. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration and development activities, mis-estimation of mineral reserves and resources, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the inability to obtain sufficient financing to pay our obligations or carry our plans, labor shortages, possible delays in completing the mill, the inability to keep key employees, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
United Silver Corp.
Graham Clark, 855-238-0202
Chairman and CEO
KEYWORDS: United States North America Canada Idaho
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