TORONTO, ON - U.S. Silver Corporation reported that third quarter production from the Company's Galena mine was 558,071 ounces of silver compared to 518,058 ounces for the same period in 2008. Copper production in the quarter totaled 268,781 lbs. while lead production totaled 1,092,864 lbs. Production was impacted during the third quarter by lower than forecast head grades from the 2400 level work areas and installation and remediation of underground support. These events prevented mining from three higher-grade stopes for approximately two weeks. Silver production through the first 3 quarters of 2009 totals 1,776,315 ounces compared to 1,226,233 ounces during the same period of 2008, an increase of 550,082 ounces of silver or 45%.
The Galena Shaft rehabilitation resumed on July 27, 2009 and continues as planned. Repairs and installation of the concrete lining advanced 52 feet during the quarter. Prior to year end there remains approximately 75 feet to be excavated and lined with concrete in order to complete rehabilitation and thereby enhance production capabilities in 2010.
U.S. Silver, through its wholly owned subsidiaries, owns and operates the
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