Message #9 From:
NewsBot Date: December 19, 2005 02:00:00 AM
UAMY News U. S. Antimony Announces 100% Control of Antimony and Silver Property in Mexico
THOMPSON FALLS, Mont.--(BUSINESS WIRE)--Dec. 19, 2005--United States Antimony Corporation (USAC) (OTCBB:UAMY) announced that it has purchased the outstanding stock of Antimonio de Mexico, S.A. de C. V. ("ADM"). ADM has executed a Purchase Contract for an antimony and silver property in Mexico.
A Mexican Government Monograph reports a resource of 1,000,000 metric tons having a grade of 1.8% antimony and 8.1 ounces per ton of silver. The mineralization would be mineable by open pit methods. The property is in a major silver belt of Mexico.
ADM has completed a preliminary mapping program and is moving a drill to the property to confirm the reported mineralization. Initial drill results should become available within 45 days. Numerous other properties are being explored by ADM personnel in Mexico. Should the exploration work confirm the deposit, ADM will build a new mill and metallurgical facility close to the mine.
Antimony and silver metal prices have risen to new 10-year highs. U. S. Antimony is the only domestic producer of antimony products. All other producers have shut down or left the United States due to the Chinese control of pricing of raw materials.
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.
