United States Antimony Corporation (USAC), OTCBB “uamy.ob”, reported that the construction of the flotation mill in the state of Guanajuato, Mexico is progressing rapidly. The concrete work is well underway and numerous truckloads of equipment are being delivered to the mill site. The tailings pond is almost ready for the liner. Testing of the mill is expected in late June 2011.
Recent exploration work at Los Juarez has indicated disseminated silver and gold mineralization. Despite the recent samples, USAC does not claim any reserves in the Los Juarez deposit.
On 20 May 2011, Hart W. Baitis was voted in as a USAC Board of Directors member. Hart has a vast background as a mining expert and has worked and consulted for many of the major mining companies on a worldwide basis. He brings great expertise to the Company.
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.
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