United Silver Corp. Miners Break Through to Big Creek #4 Tunnel
June 07 2012 - 8:00AM
Business Wire
United Silver Corp. (“United Silver Corp.”, the
“Company”, or “USC”; TSX: USC; OTC: USCZF; Frankfurt: UM8) is
pleased to announce that on May 24, USC miners at the Crescent Mine
Project broke through to the existing Big Creek #4 tunnel, a
narrow, track tunnel dating back to the early 1920’s. The miners
had been driving the new trackless Big Creek #4 adit since late
March and have advanced more than 700 feet in virgin ground. The
breakthrough is a milestone in the plan of the Project to achieve
commercial production by the second quarter of 2013. Having broken
into the existing tunnel the crew will now advance westward by
widening the tunnel for another sixteen hundred feet, at which
point they will turn south into virgin ground to complete the
connection with the Countess Decline. Simultaneously, development
crews in the Countess Decline are continuing to ramp downward in
the footwall of the South Vein. Projections are for the two crews
to hook up on the 3490 level in Spring of 2013. When connected to
the Countess Decline, the new Big Creek #4 adit and widened Big
Creek #4 tunnel will provide a secondary escape way, which is
necessary before the mine can go into regular production.
ABOUT UNITED SILVER CORP.
USC is a vertically integrated mining company with operations in
Idaho, USA. It has now acquired a 100% 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. USC also offers a
full suite of mining services including contract mining and mine
machine repair and fabrication services to silver miners in the
district. USC's common shares trade on the Toronto Stock Exchange
under the symbol "USC". For more information about USC, please
visit: www.unitedsilvercorp.com.
www.unitedsilvercorp.com
ON BEHALF OF UNITED SILVER CORP.
"Graham Clark" Chairman and CEO
Investor RelationsTel. (855) 238-0202
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 we
can achieve commercial production by the second quarter of 2013,
and the specific plans outlined for work on the mine. 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: results of exploration and
development activities, technical mining problems that cause us to
change plans, mis-estimation of mineral reserves and resources,
fluctuations in the marketplace for the sale of minerals, the
inability to implement corporate strategies, the inability to
obtain sufficient financing, labor shortages, the inability to keep
key employees, currency fluctuations, general market and industry
conditions 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 inaccurate 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 Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
news release.
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