U.S. Mine Makers, Inc. to Joint Venture With Primary Gold
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PALM DESERT, Calif., April 17, 2008 (PRIME NEWSWIRE) -- U.S. Mine Makers, Inc.
(Pink Sheets:USMM) announced today that it has entered into a joint venture
agreement with Primary Gold, LLC to recover precious metals from Primary's ore
concentrates and from old toxic waste dumps of abandoned mine sites. Primary
Gold will apply its halide recovery processes in order to be "eco-friendly" in
all of USMM precious metal activities. Terms of the JV Agreement require Primary
Gold, LLC to provide to USMM, 500 tons of its ore concentrate within 60 days. In
return, USMM will provide the JV processing plant in Nampa, Idaho. All proceeds
are to be shared on an equal basis. The concentrate is made from Primary Gold's
mine ore and averages approximately 26.9 oz gold per ton. Two independent assay
reports will be announced in the coming days.
About Primary Gold, LLC
Primary Gold, LLC (a Nevada Limited Liability Company) of Pahrump, NV, has been
in the mining business since 1989 engaged in the processing and refining of
precious metals, the source of which is typically high-grade head ores or
concentrates. The company has over 2,000 tons of ore and a concentrate available
along with a unique processing procedure that provides assays of large amounts
of precious metals in the concentrate. The company has developed highly guarded
halide chemistry ("eco-friendly") recovery processes of gold, platinum,
palladium and rhodium. The principles of Primary Gold, Joseph Lynde and Daryl
Freter, have over 40 years of experience in extracting precious metals from ores
and purifying them to bullion purity.
About U.S. Mine Makers, Inc.
U.S. Mine Makers, Inc. is a mining and exploration company using 'eco-friendly'
technology. Besides its precious metals mining operations, the company also
prides itself as an 'eco-friendly' mine restoration company that uses its own
modern technology to clean up toxic mine sites. The company motto is, "We Clean
the Planet - One Mine Site at a Time." U.S Mine Makers, Inc. has executive
offices in Palm Desert, California and maintains a web site at:
www.usminemakers.com.
This press release contains statements which may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act
of 1995. Those statements include statements regarding the intent, belief or
current expectations of Uranium City Mining Corporation, and members of
management as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and uncertainties, and
actual results may differ materially from those contemplated by such
forward-looking statements. These risks and uncertainties include, among other
things, volatility of market prices, product demand, market competition, risks
inherent in the Company's international operations, and the Company's ability to
expand. Important factors currently known to management that could cause actual
results to differ materially from those in forward-statements include
fluctuation of operating results, the ability to compete successfully and the
ability to complete before-mentioned transactions. The company undertakes no
obligation to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to future
operating results.
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CONTACT: U.S. Mine Makers, Inc.
Ron Bell
760-360-9547
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