2013-01-11 17:40:48 -
Vancouver, British Columbia CANADA, January 11, 2013 /FSC/ - United Silver Corp. ("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8)is pleased to announce the appointment of Michael P. Gross, M.S., P. Geol. to the position of Chief Operating Officer. His responsibilities will include all USC activities relating to the planning, development and operation of the Crescent Mine Project, a silver property located near Kellogg, Idaho between the historic Sunshine Silver Mine and the Bunker Hill Mine. The Project is a joint venture owned 80% by USC and 20% by Hale Capital Partners.
"Mr. Gross has served as VP Operations/COO of four gold/silver producers (10 mines, with aggregate annual production of 473,000 oz/year gold and 9,100,000
oz/year silver). His work experiences in the Silver Valley and elsewhere, and his achievements as a member of senior management teams have given him excellent qualifications to lead the USC engineering, geology and operations teams through the next stage of mine planning and development to the realization of the great production potential of the Crescent Mine," said Graham Clark, CEO and Chairman of United Silver Corp. "His prior work and achievements as manager of Hecla's Lucky Friday Mine, as Vice President - Operations at Royal Oak Mines Inc., and as Senior Vice President and Chief Operating Officer of Atlas Corporation, demonstrate his success in mine resource analysis, increasing production while effecting strong cost controls, and implementing effective grade control measures. We are confident that his leadership will enable USC to rapidly and efficiently turn the promise of the Crescent Mine into commercial reality."
Mr. Gross has more than forty years of professional experience in all aspects of mineral exploration, mine development and planning, financial modeling and mine operations. He has led efforts to create feasibility studies, mine plans and financial models used in securing more than $200 million of debt and equity financings for small to mid-cap companies. He has managed/acquired companies that have seen over $900 million of increased market capitalization. Mr. Gross has a Bachelor of Science Degree in Geology from the University of Wisconsin, and holds a Master's Degree in Economic Geology from the University of Arizona.
Mr. Gross will take up his position with USC in early February.
ABOUT UNITED SILVER CORP.
USC is a vertically integrated mining company with operations in Idaho, USA. It has a majority interest in the Crescent Silver Mine project in Idaho's prolific Silver Belt - directly between two of the world's 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
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Source: United Silver Corp. (TSX: USC) (OTC Pink: USCZF) www.www.unitedsilvercorp.com
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