Apr 22, 2015
OTC Disclosure & News Service
Pershing County, NV -
Over the past few months the new management team of United Resource Holdings Group (“URHG”) has been monitoring extensive testing done at the Dun Glen mine site to analyze the recovery rate of our existing circuit. Based on the tests run, the old circuit was recovering less than 30% of the gold in the raw material. Using the results of these tests, plus other metrics, management determined that there were multiple inefficiencies that needed to be addressed. After exploring possible retrofits and upgrades to the current circuit, it was determined that a new circuit should be assembled at the Dun Glen site to better enhance the recovery of the gold. The new plant for Dun Glen will include a 34-foot trommel with a 4-foot screen section, vibrating dual screens, a wet magnetic separator, dual jigs, a sluice box and a sand screw. The new circuit is designed to run at 100-yards per hour with a recovery rate of 80%.
Another major component of a successful placer mine is having enough water. We have been working diligently to develop the best methods for harvesting our water and have worked with a mine hydrologist and the regulatory agencies to create a system that will provide adequate water for our new circuit.
As of April 20, 2015, the existing circuit at Dun Glen mine was shut down and the new circuit and is expected to be up and running in 5-6 weeks.
More updates will be provided during this exciting new time for Dun Glen.
