PALM DESERT, Calif., June 11, 2008 (PRIME NEWSWIRE) -- U.S. Mine Makers, Inc. (Pink Sheets:USMM) announced today that the USMM/Primary Gold JV has made a breakthrough in recovering gold from their ore concentrate. The concentrate was successfully leached and a high grade precipitate that contained 122.564 troy ounces of gold per ton of precipitate was assayed by Iseman Consultants. A ten pound random sample of ore was used for this test.
Each ton of precipitate would contain $106,630 based on present market prices of $870 per ounce. The recovery procedure will also be applied to the extraction of platinum group metals from the concentrate. This process development work constitutes the early phase of the pilot plant operation.
About U.S. Mine Makers, Inc.
U.S. Mine Makers, Inc. is a mining and exploration company using 'eco-friendly' technology to recover precious metals such as gold and platinum group metals from high grade ore concentrate and rock. Besides its precious metals mining operations, the company also prides itself as an 'eco-friendly' mine restoration company that uses its own modern technology to clean up toxic mine sites. The company motto is, "We Clean the Planet -- One Mine Site at a Time." U.S. Mine Makers, Inc. has executive offices in Palm Desert, California and maintains a web site at: www.usminemakers.com.
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Uranium City Mining Corporation, and members of management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. These risks and uncertainties include, among other things, volatility of market prices, product demand, market competition, risks inherent in the Company's international operations, and the Company's ability to expand. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.