Message #14 From:
NewsBot Date: November 6, 2006 05:01:00 AM
UAMY News U.S. Antimony Announces Mill Site for Antimony Silver Deposit
THOMPSON FALLS, Mont.--(BUSINESS WIRE)--United States Antimony Corporation (OTCBB:UAMY) announced that Antimony
de Mexico S. A. de C. V. (a wholly owned subsidiary of United States
Antimony Corp, “USAC”)
has leased a mill site to process rock from the Coahuila antimony and
silver deposit in the State of Queretaro, Mexico. A Mexican Government
Monograph has reported a resource of 1,000,000 metric tons having a
grade of 1.8% antimony and 8.1 ounces of silver per ton that can be
mined by open pit methods. The mill site includes more than 120 acres
and is close to the town of Vizarron de Montes. It has electricity,
tailings pond areas, convenient access, water, and is convenient to a
work force and supplies. Rock from the mine and other custom ore can be
easily hauled to the mill site primarily over an asphalt highway.
Permitting of the mine and mill site will begin immediately. Components
for the crushing plant and flotation mill are nearing completion at the
USAC antimony plant in Montana. Installation of the plant at Vizarron is
expected during the first quarter of 2007.
The Company plans to play a strategic role in the supply of antimony to
the United States where it is the only significant domestic producer.
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.
