"U. S. Antimony Announces Expedited Construction of Antimony and Silver Mill in Mexico".THOMPSON FALLS Thompson Falls can refer to:
See OTC Bulletin Board (OTCBB). :UAMY) announced that its wholly owned Mexican subsidiary, Antimonio de Mexico, S. A. de C. V., is expediting the construction of a flotation mill to begin the processing of antimony and silver mineraliztion from a large property in the State of Queretaro, Mexico. All permits for the mine property and mill site have been filed with various Mexican agencies and approvals are expected very shortly. Some of the equipment is already in Mexico, but most of the equipment, which is owned by USAC USAC Universal Service Administrative Company USAC United States Auto Club USAC Universidad de San Carlos (University of San Carlos, Guatemala) USAC US Airways Center (Phoenix, Arizona) , is being assembled in Montana at the Company headquarters. The silver and gold mineraliztion is almost equal in value to the antimony. Water for the mill will be purchased from the nearby waste water treatment plant at the town of Cadereyta. Construction of the pipeline to the mill site is now underway. Antimony, silver and gold concentrates from the 150-ton per day mill will be processed at USAC's smelter site at Estacion Madero in the State of Coahuila, Mexico. Funding for the mill construction and mine start up is primarily being provided by ongoing zeolite zeolite Any member of a family of hydrated aluminosilicate minerals that have a framework structure enclosing interconnected cavities occupied by large metal cations (positively charged ions)—generally sodium, potassium, magnesium, calcium, and barium—and water and antimony operations in the United States. USAC is now the only significant domestic producer of antimony products. All 2007 antimony production is now sold out, and the Company is projecting record antimony and zeolite sales for 2007. Current bank dept is less than $50,000, and it should be completely retired before the end of the year. USAC has had almost 40 years of experience in mining, processing, and selling precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. , antimony oxide, antimony metal, sodium antimonite, and industrial minerals. The Company has installed a vertical roller mill at its BRZ BRZ Bronze BRZ Bundesrechenzentrum (Federal Computing Center, Austria) BRZ Bipolar Return-to-Zero BRZ Baseline Release Zero BRZ Bonded Re-Export Zone zeolite plant that has increased the plant capacity by 15 tons per hour. 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. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion