U.S. Antimony Reports Los Juarez Drill Results
27 April 2015 - 10:00PM
Business Wire
United States Antimony Corporation (“USAC”)(NYSE MKT: UAMY)
reported that a shallow reconnaissance drilling program at its Los
Juarez deposit in Queretaro, Mexico was begun to delineate the
higher grade zones for mining for the Puerto Blanco pilot mill in
Guanajuato, Mexico and to direct the deeper drilling of the Los
Juarez deposit in the future. To date, less than 5% of the property
that is 3.5 kilometers long and up to 1 kilometer in width has been
drilled. Eighty one holes were drilled, and with the exception of 5
holes that were drilled to 3-5meters, the balance of the holes were
drilled to a total depth of 0.8-2 meters. Six of the drill holes
were in mine pit areas, and the balance of the holes were all in
unexplored areas over a distance of 1,600 meters. Most of the holes
showed anomalous values of either gold, silver, antimony, or of two
or three of these metals. Following are some of the assays from
drill hole intercepts (values are per metric ton):.
Hole
Intervalmeters
Goldopt
Goldg/t
Silveropt
Silverg/t
Antimony%
LJ8 1.5-3 0.268 8.33
6.17 191.89 0.280 LJ8
3-4.5 0.712 22.14
7.75 241.03 0.235 SJ23
0-1 0.010 0.31
10.5 326.6 1.19 SJ31 0-.8
<0.002 <0.06 14.5
451.0 0.853 SJ36 0-1
<0.002 <0.06 6.88
214.0 0.571 SJ38 0-1
<0.002 <0.06 4.02
125.0 0.445 SJ51 0-1.2
0.168 5.225 2.46
76.5 0.0930 SJ54 0-1
0.448 13.93 3.52
109.5 0.106 SJ54 1-2
0.186 5.785 2.41 74.95
0.0681 SJ54A 1-2 0.174
5.411 1.90 55.1
0.0856 SJ54B 0-1 0.812
25.253 2.06 64.1
0.9068 SJ54B 1-2 0.650
20.215 2.35 73.09 0.0800
SJ54C 0-1 0.276 8.639
0.844 26.25 0.1130 SJ54C
1-2 0.476 14.804
2.40 74.64 0.0985 SJ54D
0-1 0.236 7.340
0.706 21.96 0.0788 SJ54E
0-1 0.182 5.660 0.218
6.78 0.0415 SJ54G 0-1
0.326 10.139 0.438
13.62 0.107 SJ56 0-1
0.500 15.55 3.73
116.0 0.274 SJ56 1-2
0.436 13.560 3.89 120.98
0.256 SJ56A 1-2 0.110
3.421 3.78 117.6
0.0811 SJ56D 0-1 0.176
5.474 0.94 29.2
0.126 SJ56E 0-1 0.126
3.191 1.15 35.8 0.064
SJ56F 0-1 0.134 4.167
1.04 32.3 0.219 SJ57
0-1 0.124 3.856
2.17 67.49 0.082 SJ57
1-2
0.224
6.966 4.03 125.3
0.0616 SJ60 0-1.2 <0.002
<0.06 9.95 309.4
0.546 SJ70 0-1 0.530
16.483 1.44 44.78
0.549 SJ70 1-2 0.214
6.655 0.932 29.2
0.014 SJ72 0-.8 0.106
3.297 0.208 6.5 0.052
SJ74 0-1 0.334
10.387
1.56 48.5 0.113 SJ77
0-1 0.180 5.598
3.6
90.3 0.0927 SJ77 1-2
1.30 40.43
7.29
226.7 0.0833 SJ78 0-.8
0.700 21.77 7.02
2118.3 0.112 SJ79
0-1.2
0.226 7.029 1.59
49.4 0.091 SJ80 0-1.2
1.20 37.32 7.65
237.9 0.152 SJ82 0-1.4
0.152 4.727 1.30 40.4
0.0701
USAC is actively drilling the property and will report the
results accordingly.
Historically, the Los Juarez property was explored by one of the
largest silver producers in the world for silver but was abandoned
in about 1969 due to the complex metallurgy of separating the
silver from the antimony. Little interest was shown for gold at $35
per ounce.
In 1979, Consejo de Recursos Minerales (Mexican Geological
Survey) reported a potential of one million tons with a grade of
253 g/ton (8.1 opt) silver and 1.8% antimony in a layered deposit
(“manto”) with a thickness of up to 5 meters. The Survey did not
report any gold.
After 11 years and significant investments of management time
and money, USAC reports that:
- the property is predominantly a gold
property with substantial credits in silver and minor credits in
antimony.
- the property is not a manto deposit but
a series of deep-seated silica-rich pipes that carry the
mineralization vertically for many meters.
- the Company has pilot tested every
aspect of the project including the mining, milling, and smelting
and has solved the metallurgical problems.
- the Company will dedicate its Puerto
Blanco 150 tpd pilot mill to Los Juarez after permitting a cyanide
leach plant at the mill site and various equipment at its Madero
smelter.
USAC claims no reserves per SEC definitions, and the drilling
does not comply with NI 43-101.
John Lawrence the USAC CEO said, “Following the successful
operation of the pilot plants and permitting, the Company will
explore the possibility of a mill adjacent to the deposit.”
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.
United States Antimony CorporationJohn Lawrence,
406-827-3523
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