UC Hub Group Inc.(fka UCHB)

[bobsonal]

This is FRAUD!


The following statement is a COMPLETE LIE and clearly meant to lure investors.

“gold exists on the Wickenburg Property and the range of gold in a particular zone is from 2.06 oz/ton to 7.06 oz/ton.”

Taken from UC Hub’s own Press Release: http://www.marketwire.com/press-release/Uc-Hub-Inc-947925.html

This statement is blatant lie.

Here is the truth.

NUMBER ONE

The analysis was done on “concentrate material” NOT raw earth.

Look at Wilox’s own report that describes how they “concentrated the samples.
See: http://www.uchub.net/Green%20Mill%20Mining%20Overview.pdf

Wilsox collected “approximately” 3 tons of raw earth from two selected sights. This raw earth was processed, concentrated and refined between 9 and 12 times to produce a concentrated sample for each site.”


The two concentrated were dried and sent to the assay. By looking at the pictures in http://www.uchub.net/Green%20Mill%20Mining%20Overview.pdf (3rd & 4th from the bottom) a reasonable guess would be that it weighed in at about 2 pound per sample.

(Making this value greater really makes no difference in my final conclusion.)

Here are pictures of the samples:



Here are quotes from Wilox’s own report that describes how they “concentrated” the samples.
See: http://www.uchub.net/Green%20Mill%20Mining%20Overview.pdf

“take 3 tons of raw materials (1 yd bucket three times) from two distinct locations and reduce it to very detailed concentrates

“process the three original tons of raw dirt through the high banker and the high pressure water system”

“It took us at least one full day to process 3 tons”

“Once we had acquired the first phase of a concentrate we would further break it down with more exact processing to a more concentrated sample.”

“in the end we had completed no less than 9-12 processes to get a sample concentrate.”

“We then reviewed some of the placer gold we found in the concentrates and black sands with a microscope and dried the samples for delivery to a combination of different and unique assay facilities.”

“On January 18, 2009 around noon we had collected very concentrated samples from GPS area #1 and GPS area #2.”




NUMBER TWO

The gold results of 7.06 oz/ton and 1.156 oz/ton are JUST A PLAIN LIE

The high gold result was 7.06 oz/ton and the low was 1.156 oz/ton - as stated in the second assay report. ( http://www.marketwire.com/press-release/Uc-Hub-Inc-947925.html))


7.06 oz/ton is FALSE
1.156 is FALSE

When results are given in “oz/ton” the reference “ton” SHOULD refer to the raw earth. (But it doesn't!)

Here they are referring to the 2 pounds of a concentrated sample. This concentrated gold sample should be Raw Earth – The material the bulldozer picks up – Not this overly processed/refined material

Let’s look at the highest value – 7.06 oz/ton.

2 lbs of CONCENTRATE with 7.06 ounces per ton. That means each ton of CONCENTRATE contains 7.06 ounces of gold.


2 pounds is 1/1000 of a ton (ton=2,000 pounds) or 0.001 of a ton.

7.06 * 0.001 = 0.00706 oz/ton

But remember it took them 3 ton to get this concentrated sample. So we must divide by 3.

0.00706/3 = 0.00235 oz/ton

TRUTH
Highest Gold Content at the Wickenburg Mine : 0.00235 oz/ton

At $1,000 oz for gold. That’s $2.35 of gold per a ton of raw earth.

They did 3 tons that day – So 3 x $2.35 = $7.05 for a day of hard labor for 5 people! ($1.41/each)

If they go into full production at 200 tons/day – that’s a whopping $470/day!

There is gold all over the Wickenburg area - But not in any significant concentrations to make it profitable.

CONCLUSION: WICKENBURG IS NOT A PROFITABLE MINE!