United Silver Corp. Announces Refining Agreement
14 December 2011 - 12:30AM
Business Wire
United Silver Corp. ("USC" or the "Company") (TSX: USC)(OTCQX:
USCZF) announced today that it has signed a two-year agreement with
Formation Metals U.S., effective January 1, 2012, for the sale of
silver concentrates from its Crescent Mine Project, once the
project begins generating ore. Formation Metals’ refining facility
is located less than 3 miles from the mill.
Graham Clark, USC’s Chairman and CEO, commented, “We are very
pleased to begin this relationship with Formation Metals. With this
agreement in place, and the expected commissioning of our joint
venture expansion of the New Jersey Mill in the first quarter of
2012, the Crescent Mine Project will be able to mine, mill, and
process all of our ore within a five-mile radius of our
property.”
ABOUT UNITED SILVER CORP.
USC is a vertically integrated mining company with operations in
Idaho, USA. The Company has earned, through development and
operations, an 80% interest in the Crescent Silver Mine project in
Idaho's prolific Silver Belt - directly between two of the world's
historically largest silver producing properties, the Sunshine and
Bunker Hill mines. The Company also offers a full suite of mining
services including contract mining and mine machine repair and
fabrication services to silver miners in the district. The
Company's common shares trade on the Toronto Stock Exchange under
the symbol "USC". For more information about the Company, please
visit: www.unitedsilvercorp.com.
ON BEHALF OF UNITED SILVER CORP.
"Graham Clark"Chairman and Interim CEO
FORWARD LOOKING STATEMENTS: This press release contains
forward-looking statements, which address future events and
conditions, which are subject to various risks and uncertainties.
Forward looking statements in this press release include: that our
project will commence to generate silver ore, the expected
commissioning of the New Jersey Mill in the first quarter of 2012,
and the company can mine, mill and process ore within a five-mile
radius. The Company's actual results and financial position could
differ materially from those anticipated in such forward-looking
statements as a result of numerous factors, some of which may be
beyond the Company's control. These factors include: that we may be
unable to generate silver ore commercially or profitably; the
inability to get labor or equipment as required; market prices and
conditions for silver; inaccurate data; the inability to obtain
financing because of market conditions or otherwise, the inability
to get into production and other risks disclosed in the Company's
filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and
opinions of the Company's management on the date the statements are
made. The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. The Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise.
The TSX has not reviewed and does not accept responsibility
for the adequacy or accuracy of the content of this news
release.
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