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URHN had news A/H yesterday also....
Uranium Hunter Shows Significant Gold Values
Jul 9, 2009 6:39:00 PM
TORONTO, July 9 /CNW/ -- Uranium Hunter Corporation (OTC Bulletin Board: URHN) announced today that is has identified three different target areas to commence work on the Eagle Nest gold mining property in La Paz County, Arizona. Previous work on one of the targets included an approximate 300 foot shaft with significant gold values. Samples from the three targets have been taken and are currently in for assaying. The Company expects the results next week.
Thomas C. Vess, Director of Sales of AmeriChem Engineering Services, and who was recently appointed to the advisory board of Sparrowtech Resources Inc. stated in reference to the Eagle Nest gold property, "Preliminary samples from the Eagle Nest property in Bouse, Arizona have been sent to a certified assay laboratory in Arizona. Pervious samples have indicated that values across the property look very good. The ore also looks very amenable to process concentration. Once the new assays are completed the next step will be to start the work program. That program will consist of drilling, sampling and assaying. We will also send samples to the laboratory for concentration testing. This will allow us to predict the ore and gold reserves. Once we have all of this information we will then be able to design a processing facility for the property
News is always nice!~
AmeriChem Engineering Services - mining equipment
http://www.amprep.biz/equip.htm
news:
Thursday, July 09 2009 4:00 PM, EST Converge Global Announces Eagle Nest Advisory Board Appointment Market Wire "US Press Releases "
TORONTO, CANADA -- (MARKET WIRE) -- 07/09/09 -- Converge Global Inc. (PINK SHEETS: CVRG) is pleased to announce the appointment of Mr. Thomas C. Vess to its Eagle Nest Advisory Board . The Company recently entered into an Option Agreement to acquire a 45% interest in the Eagle Nest Mining Property Claims ("Eagle Nest") located in La Paz County, Arizona from Sparrowtech Resources, Inc. (PINK SHEETS: SPMC)
Mr. Thomas C. Vess of AmeriChem Engineering Services ("AmeriChem") has been appointed to the Eagle Nest Advisory Board of both Converge Global, Inc. and Sparrowtech Resources, Inc. As Director of Sales for AmeriChem during the past 18 years, Mr. Vess designed and built mining operations and refineries. He is a Certified Electrical Finisher and has extensive experience in operating assay and processing laboratories.
Bryan Gonzales , President of Converge Global, Inc. stated, "We believe that both Mr. Vess and AmeriChem will provide significant guidance and assistance through the planning and development stages of the Eagle Nest Mining Property."
Cornelia Volino , President of Sparrowtech Resources, Inc. stated, "We are excited to have the assistance of Mr. Vess and AmeriChem Engineering Services as we endeavor to establish and initiate the work program on the Eagle Nest Mining Property." She further stated, "With our combined resources, we believe that Eagle Nest will receive optimum benefit and attention in determining its overall value."
About AmeriChem Engineering Services www.americhem.biz
AmeriChem is a full range supplier of products and services to the plating, metal finishing, electronics, mining and refining industries. An international company in scope for over 40 years, AmeriChem has provided equipment for most of the major industry leaders with installation in nearly every region of the world, including Latin America , Africa , Europe , and Asia , as well as North America . Their commitment to quality and customer service has resulted in a large portion of products being exported out of the United States with a comprehensive guarantee and personal online customer support.
AmeriChem corporate headquarters are located in Phoenix, Arizona , the heart of one of the fastest growing semiconductor manufacturing centers in the world, which allows them to maintain their technical leadership in the chemical processing industries. Their manufacturing facilities utilize the latest state-of-the-art equipment with advanced CAD/CAM technologies and highly advanced microprocessor controlled Wegener bending and butt-welding equipment.
About Converge Global, Inc. www.convergeglobalinc.com
Converge Global, Inc. is a junior mining company engaged in acquisition, exploration and development of properties in North and South America containing principally gold as well as other precious metals.
It trades thin. Couple of fairly high volume buying days and barring dilution, we should be in penny range. Maybe not, I don't know who's holding the shares. This is my lotto play and I'm hoping it pays off big. We'll see. I can't blame folks for not buying right now. I'm not sure if I would myself. It's definitely a gamble. Throw the dice and see where they fall~
market cap is 'round $300K - just from last deal Cornelia brought $500K+ in revenues, means - we're soooooooooooooo undervalued...
Still no opening orders. You can sell, just not buy. We need higher and more consistent volume I think before they'll open it up. I have no idea really why they won't let people buy now. You have to call in which is a little aggravating but don't too terrible. This one isn't so volatile that things change in minutes so that shouldn't really be an issue here. It'll be nice when it opens up though, if it ever does. Still holding all~
very weird that etrade would and scotty would let people trade online. I have had no issues with Scottrade, and they are usually the most overprotective of the bunch.
yeh... any etrade customers here? just wondering if this security is still having online buy restriction or not...
and then volume is low because of the spread, lol. Vicious circle
.0012 x .0024 1 x 1
spread's killer, I guess 'cause no real volume yet...
i agree.
same here
looks like Cornelia's making smart money for company, why not to be a part of this process?
nope, normal pink with "unsolicited quotations". lol
it is a problem for the stock for a while - just a few MMs are there...
same to you. This one will wake up one of these days and suprise the hell out of people.
Good luck and happy trading!~
We are all a little crazy but the risk/reward is very worth it IMO.
Is this on grey sheets?
I'll tell you right now. I'm in it for multi-pennies. I might be crazy but I'm not planning on selling anything down here. Let's do it!~
Great info. I'll be patient with SPMC
Get filled at all?
nope, I still have GTA order @ .001 for a while
Today has been nice. A true market, finally. WEEEEEEEEEE!!!!!!
We actually have a market for it today, which helps, albeit one with a big spread. Get filled at all?
.0011 x .0019 1 x 1
12X 10day average volume
I'm guessing, passed you by too, lol. At least we have a shown bid and ask this morning. Nite making an appearance. And maxm on the bid only, trying to get shares. MAXM on the bid tends to be a good sign I believe.
was 2 x 1
MURF & DOMS @ .0001 x MURF @ .0029
anyone know how many mm's are on this deal?tia
I had buy order @ .001 - had to be in front of you, right?
However, my bids are definitely being passed over. I had a few hundred thousand order in for .0002 just for the hell of it and it just sold 950k at .0001, bypassing my bid.
What's up everybody? No volume yet but that's not unusual for us. Where is everybody? I wonder how many retail shareholders actually own shares. I bet it's not very many. When this thing gets rolling, it's gonna be sweet imo~
That's an interesting Form T at .0029. 500,000 shares. Wonder if there's any correlation to the 500,000 at .0003. I think that good things are in store for us in the coming weeks. Shares are super thin. I still can't get a ask with E*Trade. I see a .001 bid and that's all. Happy 4th of July everybody!~
yep i see that
.001 x .0029
MAXM came on bid
well, we need URHN & CVRG traders on board - Eagle Nest is Sparrowtech project... C'mon boys, get in. lol
bullchit by mm's stock is being manipulated
that's really funny 'cause my bid @ .0015 still intact
urhn released news... no idea why they haven't mention "to whom" payment made...
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
Should I buy a million shares here at .0001????
100 share sale at .0001. That's not a market sell imo. That's manipulation. 100 at .002, 100k at .0019, 100k at .0018, and then a 100 share sell at .0001. Then again, what were they trying to prove. Doesn't make sense. Maybe it was just a mistake. I really wish that we could get a clear bid ask. I can't even get a b/a on etrade. Btw, the t&s says that the ask was .0017 when those shares went through at .0018 and .0019. It will be a lot nicer when this one has a mm on it. Unsolicited is a pain in the tail. Good night everybody!~
That was stupid. Wish I would've been at .0002 lol.
.0001 x .005 lol
someone just dumped few shares @ market...
I show a 100 share .002 trade but my b/a is 0x0. What is it actually?
not on pinksheets yet
I think someone mentioned they filed 15c211
you meant out of ""unsolicited quotations"? 15c form, I think... not sure how much it cost (to prepare & submit) - should't be much...
what does it take for spmc to get off the pinks?tia
Changed on mine to show that for me too
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Sparrowtech Resources, Inc.
100 King Street West, Suite 5700
Toronto, ON M5X 1C7
Tel: 416-915-3176
Fax: 416-915-3177
Email: info@sparrowtech.net
http://www.sparrowtech.net
Sparrowtech Resources, Inc. is an exploration and resource development company focused on acquiring environmentally conscious mining operations, primarily in North America. The Company's leadership team plans to identify unique opportunities to extract gold and other precious metals from previously producing mines and/or establish new discoveries in recognized gold districts. The Company's strategy follows socially responsible production by supporting improved working conditions and modernization techniques that leave little to no carbon footprint
Sparrowtech Resources, Inc. plans to establish itself as a leader of environmentally conscious mining operations. We intend to identify exploration opportunities, acquire producing and previously-producing mines in recognized gold districts, while increasing productivity through improved working conditions and modernization with environmental consideration.
» Incorporated 2003 in the State of Nevada, USA
» 2004 Reverse Merger with Sparrowtech Multimedia Corporation (incorporated Florida 2000).
» Name changed on March 2007 to Sparrowtech Resources, Inc. to target the natural resources and ».mining industry.
» Pursued several acquisitions in Peru, Ecuador and North America.
» Due diligence determined alternate opportunities and/or projects would best suit Sparrowtech's ».objectives in the short and longer term.
» Additional acquisitions currently being reviewed.
Sparrowtech Resources, Inc. has entered into an agreement to acquire 100% interest in the Eagle Nest Mining Property ("Eagle Nest") from D.A.R. Mining.
The Eagle Nest Mining Property
The Eagle Nest claims include a previously producing Au-Cu-Ag-Fe (Gold, Copper, Silver and Iron) mine located 10 miles off Highway 95 in La Paz County, Arizona. Easy access to the mine site and a good water supply will facilitate ease of construction for a potential processing plant as well as expansion of the mine site.
Mineralization previously documented on Eagle Nest is very fine-grained to visible flaky gold, with oxidized copper ores and staining, in a linear, lenticular ore body with a steeply dipping fault zone cutting metamorphic Mesozoic, red, hematitic shale. Lenticular ore body formed from oxidation and enrichment was also found in the fault zone.
Previous workings include a 400 feet (121.92 meter) deep shaft and about 170 feet of drifts on the 100 level with some near-surface stopes. The previous mining operation on this property recorded historic productions of 1,050 tons of ore averaging about 1.07 ounces per ton gold, 1.8% copper and 2.1 ounces per ton silver.
History of the Bouse Mining District
The Bouse Mining District, where Eagle Nest is located, is a mid-tertiary system of epithermal mineralization, which was introduced into a stacked sequence of lithotectonic units that are located on the northern side of the Plomosa Detachment Fault. Complex epithermal gold, barite and fluorite mineralization is superimposed on earlier copper-specularite mineralization. Gold occurs in laterally extensive breccias and in steeply dipping amethystine-quartz veins. These deposits are similar to the proven and mined Copperstone and Mesquite deposits.
This District involves an important type of Arizona gold deposit, called a "detachment fault" deposit. Detachment fault deposits were first recognized as a separate form of gold deposit in the 1980's. The best example of an Arizona detachment gold deposit is Copperstone, which is about 20 miles from Bouse. It was the biggest gold discovery in Arizona in at least 50 years. Cyprus Gold profitably mined the 500,000 oz open pit resource during the 1980's. The Bouse Mining District is an historic gold producer.
This acquisition is scheduled to close in May 2009 providing management is satisfied that this agreement is in the best interest of its shareholders and sufficient financing has been secured.
Sparrowtech Resources, Inc. (PINK SHEETS:SPMC) is pleased to announce that it has completed the acquisition of a 100% interest in the Eagle Nest Mining Property Claims AMC294529 and AMC294535 and filed the Mining Quit Claim Deed in La Paz County, Arizona from D.A.R. Mining and Mr. Marvin Roe.
The Company paid the Sellers US$35,000, plus agreed to pay a 3% net smelter return royalty on the revenues from the production of gold and all other commodities produced from Eagle Nest's hard rock, lode type mineralization. The Company also agreed to initiate a work program within the first year.
The Company further announces the results of two independent assay and concentration tests completed in late 2008 at the Eagle Nest Mining Property ("Eagle Nest").
Cornelia Volino, President stated, "According to these previous independent results, Eagle Nest is considered to be mineralized with vein structure running throughout. The initial metallurgical work also suggests possible recovery by environmentally friendly closed loop leaching. We will provide details of our proposed work program as well as further sample and testing results in the near future."
Assay and Concentration Testing
November 2008 assay reports of samples taken on Eagle Nest by New Verde River Mining Co. Inc. indicate gold values of 0.666 ounces per ton to 1.100 ounces per ton and silver values of trace amounts to 0.09 ounces per ton.
Separately, Met-Solve Laboratories, Inc. ran two 7 kilo samples for concentration tests in December 2008. These tests indicated that the calculated head ore of sample one assayed at 5.3 grams per ton. After concentrating, sample one assayed at 82.1 grams of gold per ton in the concentrate. The tails had 1.7 grams of gold per ton remaining.
The tests further indicated that the calculated head ore of sample two assayed at 9.3 grams per ton. After concentrating, sample two assayed at 142.7 grams of gold per ton in the concentrate. The tails had 1.5 grams of gold per ton remaining.
About Sparrowtech Resources, Inc.
Sparrowtech Resources, Inc. is an exploration and resource development company focused on acquiring environmentally conscious mining operations, primarily in North and South America. The Company's leadership team plans to identify unique opportunities to extract gold and other precious metals from previously producing or producing mines and/or establish new discoveries in recognized gold districts. The Company's strategy follows socially responsible production by supporting improved working conditions and modernization techniques that leave little to no carbon footprint. For more information, visit www.sparrowtech.net.
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 Sparrowtech Resources, Inc., 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.
SOURCE: Sparrowtech Resources, Inc.
Sparrowtech Resources, Inc. Cornelia Volino President 416-915-3176 info@sparrowtech.net
Converge Global and Uranium Hunter Join Sparrowtech to Develop Arizona Mining Property
2009-06-28 18:31 ET - News Release
Also News Release (U-CVRG) CONVERGE GLOBAL INC
Also News Release (U-URHN) URANIUM HUNTER CORP
TORONTO, ONTARIO -- (MARKET WIRE) -- 06/28/09
Sparrowtech Resources, Inc. ("Sparrowtech") (PINK SHEETS: SPMC) announced today that it has entered into option agreements with Converge Global, Inc. ("Converge Global") (PINK SHEETS: CVRG) and Uranium Hunter Corporation ("Uranium Hunter") (OTCBB: URHN) on its recently acquired Eagle Nest Mining Property ("the Property") in La Paz County, Arizona.
Eagle Nest Mining Property
Sparrowtech acquired a 100% interest in the Eagle Nest Mining Property (Claims AMC294529 and AMC294535) from D.A.R. Mining and Mr. Marvin Roe. These property claims include a previously producing Au-Cu-Ag-Fe (Gold, Copper, Silver and Iron) mine located 10 miles off Highway 95 in La Paz County. Easy access to the mine site and a good water supply will facilitate ease of construction for expansion of the mine site.
Converge Global, Inc. Option (www.convergeglobalinc.com)
Converge Global acquired an option from Sparrowtech to purchase a 45% Earned In Interest in the Property. Converge Global paid to Sparrowtech US$30,000. Converge Global is required to pay five million shares of CVRG Common stock by July 15, 2009, US$20,000 by September 30, 2009 and an additional US$15,000 to Sparrowtech on June 27, 2010, June 27, 2011 and June 27, 2012, respectively.
Converge Global also agreed to pay a 3% net smelter return royalty on the revenues from the production of gold and all other commodities produced from the Eagle Nest Mining Property's hard rock, lode type mineralization.
Converge Global, Inc. is an American-based junior mining company engaged in the acquisition, exploration and development of properties containing principally gold as well as other precious metals.
Uranium Hunter Corporation Option (www.uraniumhuntercorp.com)
Uranium Hunter also acquired an option from Sparrowtech to purchase a 49% Earned In Interest in the Property. Uranium Hunter paid to Sparrowtech US$45,000 and five hundred thousand shares of URHN Common stock. Uranium Hunter is required to pay an additional US$150,000 toward exploration of the Property over a one year period.
Uranium Hunter further agreed to pay a 3% net smelter return royalty on the revenues from the production of gold and all other commodities produced from the Eagle Nest Mining Property's hard rock, lode type mineralization and an additional US$15,000 to Sparrowtech on April 21, 2010, April 21, 2011 and April 21, 2012, respectively.
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.
Cornelia Volino, President, stated, "We look forward to working together with both Converge Global, Inc. and Uranium Hunter Corporation in the exploration and development of the Eagle Nest Mining Property. We believe these alliances will be beneficial to the Property and to the growth of Sparrowtech."
Sparrowtech further announced that it will be the Operator Manager of the exploration programs on the Eagle Nest Mining Property and will be entitled to a 15% administration fee on exploration expenditures.
RECENT SHARE STRUCTURE
SPMC TA update
Subject: Re: SPMC--Sparrowtech Resources, Inc.
Sent By
info On: September 4, 2009 10:01 AM
the total o/s for SPMC is 154,544,520 shares. The common are
124,494,520, and the restricted is 30,050,000 shares.
A/S 160M as per Nev SOS
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=0fsqWYryzfDBIUj4hyJxKg%253d%253d
----------------------------------
From Most Recent Quarterly Filing, pg. 1 on pinksheets.com:
Stockholders' Equity
Preferred Stock - Class A, 5,000,000 shares authorized
at $,001 par value, 7,000,000 shares issued(2007 - 3,000,000) Common stock
150,000,000 shares authorized at $.001 par value,
127,544,520 shares issued and outstanding in March 31, 2009
127,544,520 shares issued and outstanding in December 31, 2008
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