U.S. Silver Announces Revised Technical Report
US Silver Corporation (TSX-V: USA, OTCQX: USSIF, Frankfurt: QE2)
('US Silver? or 'the Company?) announces the completion of a revised
Technical Report on the mineral resources and reserves of the Galena
silver-copper-lead mine located near Wallace, Idaho. The revised report
was prepared by Chlumsky, Armbrust and Meyer LLC (CAM) and is dated 14
June 2010. It replaces one prepared earlier by CAM and dated 13 April
2010. The effective date of the mineral reserves and resources report is
December 31, 2009.
The sole reason for the revision was to modify the cash flow tables, as
they contained some inaccurate data. There is no material change in the
cash flows shown in Table 19-11. The reserve and resource data as stated
in the previous Technical Report was not changed. The ore reserves at
the Galena mine increased this year for the fourth consecutive year, by
113% since 2006, and by 3% over the previous year. The revised report
has been filed on SEDAR today and is available on the Company's web site.
ABOUT U.S. SILVER CORPORATION
U.S. Silver, through its wholly owned subsidiaries, owns and operates
the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in
Shoshone County, Idaho, with the Galena mine being the second most
prolific silver mine in US history. Total silver production from U.S.
Silver's mining complex has exceeded 217 million ounces of silver
production since 1953. U.S. Silver controls a land package now totaling
approximately 14,000 acres in the heart of the Coeur d'Alene Mining
District. U.S. Silver is focused on expanding the production from
existing operations as well as exploring and developing its extensive
Silver Valley holdings in the Coeur d'Alene Mining District.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and uncertainties
that are difficult to predict. Actual results might differ materially
from results suggested in any forward-looking statements. The Company
assumes no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those reflected
in the forward looking-statements unless and until required by
securities laws applicable to the Company. Additional information
identifying risks and uncertainties is contained in filings by the
Company with the Canadian securities regulators, which filings are
available at www.sedar.com.
US Silver Corporation
Tom Parker, CEO, 208-752-0400