U.S. Silver Corporation
TSX VENTURE : USA

U.S. Silver Corporation

February 23, 2009 16:40 ET

U.S. Silver Reports 2009 Silver Production & Outlook

TORONTO, ONTARIO--(Marketwire - Feb. 23, 2009) - U.S. Silver Corporation (TSX VENTURE:USA) ("U.S. Silver" or the "Company") is pleased to announce that silver production in 2009 to mid-February has totaled 311,139 ounces, compared to 152,726 ounces for the same period of 2008, an increase of 104%. The mine has also produced 791,657 pounds of lead and 127,985 pounds of copper to mid-February; increases of 113% and 40%, respectively, compared to the same period in 2008. In addition, during this period, the mine averaged 769 tons per day, an increase of 32% compared to the comparable period in 2008.

Management has completed a mine plan for 2009 and, based on that plan, forecasts 2009 production will be 2.9 million ounces of silver, 6.8 million pounds of lead and 1.6 million pounds of copper.

ABOUT U.S. SILVER CORPORATION

U.S. Silver, through its wholly owned subsidiaries, owns and operates the Galena, Coeur, and Caladay silver-lead-copper mines in Shoshone County, Idaho, with the Galena Mine being the second most prolific silver producer in U.S. history. Total silver production from U.S. Silver's mining complex has exceeded 210 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 18,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding its production from existing operations as well as exploring and developing its extensive Silver Valley holdings.

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.

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.

Contact Information

  • U.S. Silver Corporation
    Tom Parker
    President and CEO
    (208) 752-0400
    Website: www.us-silver.com