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Message: U.S. Antimony market valued at more than $200 M/yr. - remember this article?

U.S. Antimony market valued at more than $200 M/yr. - remember this article?

posted on May 13, 2009 05:10PM

Silverado Can Supply Growing $200 Million Antimony Market

    VANCOUVER, Jan. 9 /CNW/ - Silverado Gold Mines Ltd (Trading Symbols, OTC
BB - SLGLF, FRANKFURT - SLGL) : In addition to encouraging gold prospects and
findings, Silverado is well positioned to sell antimony, found in its Alaska
mineral resources, into a growing North American marketplace. The domestic
(U.S.) antimony market is approximately 70,000,000 pounds per year (valued at
more than $200,000,000), and is growing at an annual rate of 6.8% per year.
    "Pringle Bench consists of a series of sub parallel veins containing gold
grades up to 5.22 tr. oz/ton, or 179 g/t and Antimony grades ranging up to
64.76% with quartz. Pringle Bench represents an area 500 ft wide by 700 ft
long, open to length and depth, and is part of the five mile long Solomon
Shear Zone. Veins are up to one foot in width, predominantly massive stibnite
(Antimony sulphide, a high grade Antimony mineral). Visual observation of the
core has identified the presence of many sub-parallel zones of gold, Antimony,
and quartz."
    See - "Silverado Invests Over $1 Million To Carry Out Year Round,
Underground High Grade Antimony and Gold Exploration" (November 19, 2007)
(http://www.silverado.com/pressroom/pressreleases/191107.htm).
    "Silverado Gold Mines is most encouraged with its discoveries made this
summer in the Fortress area. The two different striking gold-bearing vein
systems that occur in the Fortress area, along with defined structural trends
overlain by gold, Antimony and arsenic geochemical anomalies, make the
Fortress area an exciting lode gold exploration target. This is in addition to
the Nolan Creek lode gold targets."
    See - "More Gold Findings On Silverado's 100% Owned, Nolan Creek
Property" (November 26, 2007)
http://www.silverado.com/pressroom/pressreleases/261107gm.htm
    Antimony compounds in the form of oxides, sulfides, sodium antimonate,
and Antimony trioxide are used in the making of flame-proofing compounds,
ceramic enamels, glass, paints, pottery, and in flame-retardant formulations
(including children's clothing, toys, aircraft and automobile seat covers),
and fiberglass composites industry, as an additive to polyester resins for
such items as light aircraft engine covers.
    Antimony is increasingly being used in the semiconductor industry in the
production of diodes, infrared detectors, and fire detector devices. Other
uses include batteries, antifriction alloys type metal, small arms and tracer
ammunition, cable sheathing, medicines, antiprotozoan drugs, plumbing,
soldering, and bearings in internal combustion engines.
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