NYSE MKT: UAMY

 UNITED STATES ANTIMONY CORPORATION
   
 

NEWSROOM 2020

02/03/20  USAC has started production at Los Juarez gold and silver plant
01/06/20  USAC reports on Los Juarez gold and silver plant
12/02/19  USAC reports on Los Juarez gold and silver and antimony trisulfide


 

 

 

 

 

 

 

 

 

Newsroom 20199

 

Forward Looking Statements:

These Press Releases contain 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.

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U. S. ANTIMONY HAS STARTED PRODUCTION AT LOS JUAREZ GOLD AND SILVER PLANT

February 3, 2020. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY) reported that pilot phase production of the Mexican Los Juarez gold, silver, and antimony deposit through the cyanide leach plant has commenced.

Following is the progress:

1.    The crushing circuit and flotation mill have been run and are in good operating condition.

2.    The transfer of the flotation tailings to the cyanide leach plant has been successful.

3.    The primary conditioning tank in the leach plant has been replaced with direct piping to the leach tanks to cut costs and expedite leaches.

4.    Fire laboratory equipment, an atomic adsorption spectrophotometer, ventilation fans, a silicon carbide tilt and pour furnace for reducing production to dore bars has been installed, baghouse and other equipment has been installed and is operational

 
Puerto Blanco laboratory

5.    Four technicians have been trained to assay and adjust operating parameters.

 
Atomic adsorption spectrophotometer


John “Gus” Gustavsen training technicians

 
Charging cupels for assay of silver and gold

6.    Two production leaches have been run, and we are awaiting third party assays for disclosure.
 

        
Leach tank with cyanide to dissolve silver and gold in progress

 

Estimated sales during January 20 are as follows:

Product

January 2020

Antimony pounds

122,676

BRZ zeolite tons

734

The average Rotterdam price for antimony metal during December 2019 was $5,845.83 per metric ton or $2.65 per pound.  A major BRZ zeolite customer that has not purchased for several months is now buying product again after building a new plant. Seasonal sales of BRZ zeolite for pool and spa applications are picking up.

CEO John Lawrence said “The beginning of gold and silver production for USAC is excellent at a time when most non-ferrous metal prices are challenged. The cash flow from the precious metals will supplement the BRZ zeolite and antimony production.”

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U. S. ANTIMONY REPORTS ON LOS JUAREZ GOLD AND SILVER PLANT

HIGHLIGHTS: The Puerto Blanco mill for the Los Juarez gold, silver, and antimony deposit will start production testing during January 2020.

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January 6, 2020. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY) reported that production testing of the cyanide leach circuit at the Puerto Blanco mill in Guanajuato has begun. Security and transportation measures are being implemented.

The Los Juarez mineralization is disseminated in jasperoid pipes that are present over a strike length of 3.5 kilometers, up to 1 kilometer in width, and are believed to be continuous below 400 meters. The jasperoid is recognized visually, but the grade of the gold and silver are speculative and are best determined by milling. The antimony mineralization is visually recognized and generally is a signature of the precious metals. A global assay based on shallow drilling, sampling, and mill testing is 0.035 ounces of gold, 3.27 ounces of silver per metric ton and 0.65% antimony. The gold equivalent of the values is 2.6 grams. Sampling of different areas has disclosed gold greater than one ounce and silver up to 47 ounces per metric ton, and antimony up to 10%. The deposit is bulk mineable by open pit methods for years, and the grade is excellent for an open pit.  

 
Los Juarez Mina Grande pit jasperoid mineralization

Estimated sales during 2018 and 2019 are as follows:

Product

2018

2019

% change

Antimony pounds

1,486,120

1,602,102

+7.8

BRZ zeolite tons

14,321

13,728

-4.2

Gold ounces

69

48.35

-29.9

Silver ounces

18,278

12,077

-33.9

The average Rotterdam price for antimony metal during December 2019 was $6,027.12 per metric ton or $2.818   per pound.
 

CEO John Lawrence said “We are excited that after years of permitting, metallurgical research, exploration, mining, building a flotation mill that the final phase using cyanide leaching to recover the gold and silver lost in the flotation process by is being verified.”   
 

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U. S. ANTIMONY REPORTS ON LOS JUAREZ GOLD AND SILVER PLANT AND ANTIMONY TRISULFIDE

HIGHLIGHTS

1.    The Puerto Blanco mill for the Los Juarez gold, silver, and antimony deposit could be ready for cyanide leach testing by the end of December

2.    Initial Grant payments from the Defense Logistics Agency have been received for the production of samples to be tested by the U.S. Army for use in primers for center-fired ordnance.

December 2, 2019. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY) reported that hydraulic, mechanical, and electrical testing of the Puerto Blanco mill in Guanajuato has been successfully completed. The laboratory is nearing completion, and reagents are being ordered to start the leach testing of gold and silver. John Gustavsen from Montana and Heriberto Torres are heading up the pilot project.

Puerto Blanco Mill in Guanajuato, Mexico.  The square pond on the left is the leach pond. The pond to the right is the flotation pond. Each pond is approximately 5 acres. The crusher, flotation mill, and leach plant are at the lower right of the flotation pond. USAC owns land to the lower right of the facility for future expansion.

USAC is currently testing sulfide antimony ore from Mexico for impurities and flotation recovery, preparing the flotation mill at Guanajuato which will also be used for milling the ore, and preparing furnace equipment in Montana to produce block antimony trisulfide for testing by the U.S. Army at Picatinny, New Jersey.

                       Estimated sales during November 2019 are as follows:

Item

November 2019

Antimony pounds

127,501

BRZ zeolite tons

925

The average Rotterdam price for antimony metal during November 2019 was $6,212.794 per metric ton or $2.818   per pound.

CEO John Lawrence said “Leach testing could be ready at Puerto Blanco by the end of December 2019, and it will also involve the processing of flotation concentrates at Madero. Typical shake down changes, transportation logistics, and a review of costs per ton of ore processed are anticipated. ”

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