U.S. Antimony Announces Soyatal Mexico Antimony Deposit

Mon Nov 2, 2009 8:00am EST
 
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THOMPSON FALLS, Mont.--(Business Wire)--
United States Antimony Corporation ("USAC") (OTCBB:UAMY), announced that USAMSA,
a USAC wholly owned subsidiary, has signed an Exclusive Supply Agreement with
the owner of the "Soyatal" Antimony District in the State of Queretaro, Mexico. 

The Soyatal District was the third largest producer of antimony in Mexico.
According to the U. S. Geological Survey Bulletin 960-R, the District produced
74,000 metric tons of ore from which they recovered 25,630 metric tons of
antimony metal (56,503,898 pounds) from 1905 until 1943. All mining was done by
hand-methods and transportation to the railroad was by mule. Estimated
recoveries of the antimony ranged from 30-40%. Additional production continued
during and after World War II, but it is unknown. 

High-grade antimony is being mined and shipped from Soyatal to the USAMSA
Smelter operating in the State of Coahuila, Mexico. Lower-grade antimony is
being stockpiled for the USAMSA mill that will be completed by Q1 2010. The mill
will be convenient to both the Soyatal District and the Los Juarez antimony and
silver deposit that is held by another USAC subsidiary. Concentrates from these
two deposits will be shipped to the USAMSA Smelter. 

A Company spokesman said that USAC is making an all-out effort to increase its
supply of raw material to address the numerous orders it is receiving for
antimony products in the United States and other countries. The Chinese produce
more than 92% of the world supply of antimony. 

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.

United States Antimony Corporation
John Lawrence, 406-827-3523
Fax: 406-827-3543
tfl3543@blackfoot.net



Copyright Business Wire 2009

 

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