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ANTIMONY REPORTS PLANS TO START LOS JUAREZ
2016. Thompson Falls, Montana. United States Antimony Corporation
(?USAC?, NYSE MKT ?UAMY?) reported plans to start its Los Juarez
gold-silver-antimony property in Queretaro, Mexico.
Los Juarez is a gold-silver-antimony deposit hosted by jasperoid
(siliceous) pipes intruded into limestone from substantial depths
that are exposed over 3.5 kilometers in length and up to1kilometer
in width. Los Juarez resembles gold deposits in the Carlin trend in
Nevada in terms of mineralogy and structure.
complex metallurgy of the deposit has been a deterrent to two major
Mexican mining companies to exploit the deposit. USAC believes it
has solved these problems.
Utilizing the Puerto Blanco mill, the costs per ton of mined rock
would include mining at $8.00, trucking $15.00, milling at $25.00,
and concentrate smelting $15.00 ? a total of $65.00. The addition of
the cyanide plant would increase the cost $8.00 per ton of mine rock
? a total of $73.00. The 500 ton per day mill placed close to the
mine could reduce costs to $50.00 per ton.
This plan is designed to test every step of the operation on a pilot
scale of up to 100 tons per day to prevent fatal engineering flaws.
Stage 1. is to complete
the installation of the alkaline leach circuit at the Madero
smelter that is currently underway. It will include the
processing of Los Juarez concentrates in inventory.
Stage 2. will include
milling campaigns of rock from different mine locations at to
determine (1) whether selective mining is possible and (2) to
determine the recovery of the gold. Recovery of the silver and
antimony has varied from 75-90%, but the gold recovery has
varied from 30-80%.
Stage 3. will be the
installation of the cyanide leach plant at Puerto Blanco to
increase the recovery of the silver but especially the gold.
Stage 4. will include the
installation of the 500 ton per day mill close to the mine to
reduce trucking costs estimated at $15.00 per ton.
The average price per pound
for USAC?s antimony contained in oxide and metal has rose $0.05, and
the demand for USAC antimony products remains strong. Currently USAC
is exploring the possibility of selling the Guadalupe stibnite
concentrates (antimony tri-sulfide) directly to the friction brake
Gold is now
being recovered from the Australian concentrates. When processing of
the inventory has been completed, USAC may recover more than 1,000
month of January, Bear River zeolite has sold about 1,089 tons of
zeolite, which will contribute to the completion of the Los Juarez
Lawrence said ?USAC is postured to start production of Los Juarez
gold, silver and antimony and increase antimony and zeolite output.
Continued growth during 2016 is being funded internally to prevent
the dilution of the shareholder base.?
About U.S. Antimony
US Antimony is
a growing, vertically- integrated natural resource company that has
production and diversified operations in precious metals, zeolite
and antimony. Key operations currently generating revenues are
located in Northwest Montana, Southern Idaho and Mexico. The
Company also owns the only significant antimony smelter in North
America and is increasing its raw material supply of antimony from
Mexico and third parties around the world.
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.
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