This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U. S. Antimony Accelerates Exploration, Development And Production

United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) accelerates its exploration/development plan at the Los Juarez antimony/silver/gold property in Mexico while sharply increasing its milling and smelting capacity.

Based on mapping and sampling, the Los Juarez deposit has jasperoid zones containing antimony/silver/gold over a strike length of 3,000 meters and a width between 100 and 500 meters. USAC has begun to explore and develop several zones to determine grades.

The first zone, called ‘Minas Grande’, will be opened by benching and the ore-to-waste ratio and cut-off grade will be determined. Later in 2012, pneumatic drilling will be used to evaluate the deposit’s depth. Samples from previous workings at the Minas Grande dump assayed 2% antimony; 8 ounces of silver; and 0.015 ounces of gold. More than 5,000 tons of Los Juarez mill feed are ready for processing at USAC’s Puerto Blanco antimony flotation mill beginning in July.

The second zone, called ‘Los Juarez East’, is the largest jasperoid zone which will be developed by underground mining methods including drifting, raising and cross-cutting at a depth of more than 100 meters. This method could be more cost effective than core drilling and is expected to supply mill feed.

The third jasperoid zone, to be developed later, is called the ‘46 Zone’ due to an outcrop that assayed 46 ounces of silver per metric ton.

The processing capacity is being increased as well. A 500 ton per day ball mill and flotation cells, located in Montana, are being prepared for shipment to Mexico when warranted to increase USAC’s total milling capacity from 150 tons per day to 650. A large jaw crusher, a larger cone crusher, and additional gravity equipment have been installed to increase capacities and recoveries.

At the Mexican smelter, all four furnaces have been retrofitted for increased capacity to smelt more feed from seven Mexican antimony mines two of which are under option to USAC. Subject to permitting, four additional furnaces will be added. Finally, plans are underway to reduce energy costs by 70% by replacing propane with natural gas.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 0.00%
FB $118.06 0.00%
GOOG $695.70 0.00%
TSLA $222.56 0.00%
YHOO $36.00 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs