TORONTO, June 30 /PRNewswire-FirstCall/ -- Uranium Hunter Corporation (OTC Bulletin Board: URHN - News) announced today it has completed its final payment on the Eagle Nest Mining Property in La Paz County, Arizona.
Mr. Calabrigo, President, stated, "By virtue of this payment the Company can now move forward and plan its summer work program on the property. We anticipate commencing work on the property in short order." He further stated, "The Bouse Mining District has a long established history of producing profitable gold mining operations." He cited Cyprus Gold where they profitably mined over 500,000 ounces of gold from their Copperstone open pit resource during the 1980's, which based on today's gold price is valued at over $470,000,000.
In a separate matter, The Company is also in the final stages of assembling a technical team to explore various opportunities for additional expansion into the gold mining arena in South America, specifically, Ecuador and Peru. The sole purpose of this exercise Mr. Calabrigo stated, "Is to increase the asset base of the Company and maximize shareholder value."
About Uranium Hunter
Uranium Hunter Corporation is an exploration company primarily targeting the uranium and precious metal industries in the resource sector. Initially, the Company was founded with the focus of developing a portfolio of quality uranium exploration properties in East Africa. With the recent shift in economic conditions, Management has decided to diversify the Company's interest to include the precious metals industry. www.uraniumhuntercorp.com
Safe Harbor
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 Hunter Corporation and members of its 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 that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment