United Silver Corp. 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.
ON BEHALF OF UNITED SILVER CORP.
Chairman and CEO
Tel. (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.
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