status is none of yer' damn business!! :-)
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Expert Group, Inc. (EXPU) is pleased to welcome the new President of Sales Andrew Figueroa. Former US Navy Specialist and Veteran Loan originator, Andrew has originated over 100 Million dollars in mortgages in his career. Mr. Figueroa brings over a decade of sales training and Management experience to Expert Group. With our aggressive growth strategy, Andrew's professionalism and experience allows Expert to forge ahead with our expansions.
Mr. Figueroa will be responsible for recruitment and training originators, coordinating weekly sales meetings, distributing our abundance of leads, and expanding our Realtor relationship programs. He will also be instrumental in implementing our lender presentations to our originators, execute Expert's marketing efforts and will actualize our involvement in borrower education events.
Andrew Figueroa is proud to state, "With my wealth of experience and success, I fortunately had the opportunity to work for a much larger and established company. However, after meeting with Robert Rico and learning about Expert Group and Robert's vision for growth, I felt I had to take this excellent growth opportunity. I share in Robert's vision for the future of Expert Group, Inc. and I see the unique advantage they have to become a National Mortgage Company. I believe Robert has surrounded himself with a wonderful and professional staff and I am excited to become a part of the team."
Before joining Expert Group, Inc. he held Manager Position for 1st Continental Mortgage where he was responsible for the day to day operations. Training, the originators, lead management and evaluation of loan process from start to finish. Mr. Figueroa holds Bachelor's in Organizational Leadership from Chapman University in Orange, California.
Robert Rico states, "Effective Immediately Andrew has joined the Expert Family Mr. Figueroa will assist in our expansion plan of opening new offices and recruiting new originators. He is our new President of Sales and will implement an aggressive growth strategy. I am enthralled that Andrew Figueroa has agreed to become our new President of Sales."
EXPU has benefitted from the tax credits designed to increase home ownership, low mortgage rates and the ability to help borrowers modify and improve their credit scores. These events have created a “perfect storm” for Expert – in the most positive sense!
Afternoon!!!
EXPU has benefitted from the tax credits designed to increase home ownership, low mortgage rates and the ability to help borrowers modify and improve their credit scores. These events have created a “perfect storm” for Expert – in the most positive sense!
Once they actually uplist we will see more volume.
Morning all.
Morning all. Good news this AM here.
SIAF DD - Uplisting to OTCBB and wants Nas.
SIAF Company Financial Summary for 2008
Company financial information available on pinksheets.com. Numbers are un-audited and may change slightly, company currently undergoing audit for previous 3 years by Madsen and Associates, a PCAOB registered accounting firm (http://www.pcaob.org).
Total Revenue $14,466,609
Net Profit $4,984,318
Earnings Per Share $0.09
Total Assets $84,445,161
Total Liabilities $15,452,288
Net Assets $68,992,873
Book Value $1.30
Aim and Vision of SIAF
To be one of the best quality producers of the country, (dedicating to produce organic produces and products), but not necessary to be the biggest.
Sino Agro Food, Inc. (SIAF) is an agricultural business focused on developing, producing and distributing high margin agricultural products in the People¡¯s Republic of China.
In P.R.C. the rapid progress of industrialization of the last decade has unbalanced the needs of developments and activities of the agriculture industry, (i.e. diminishing of agriculture land, scarcity of farm laborers, industrial pollution and the generally over usage of chemical etc.). Therefore the P.R.C. Government has in recent years directed many incentive schemes and policies with the aim to revitalize and to modernize its agriculture industry. (i.e. Protection of agriculture land, stringent laws in governing the ownership and usage of agriculture land, tax free incentive applying to incomes generated from the industry and enforcing environmental friendly developments etc.)Management of the Company has many years of practical and professional experience in various and many sectors of the agriculture industry and decided in year 2004 that it was the right timing and there would be many opportunities available to develop agricultural ventures in P.R.C.
The Company intends to focus on meeting the increasing demand of China¡¯s rising middle class for gourmet and high quality food. Current lines of business include fisheries, dairies, and agricultural production of capers and sod with the direct association of modern fishery and cultivation technologies:
SIAF Fundamentals.
* Highly experienced and Practical team of management for each segment of the businesses.
* High margin businesses
* High quality produce and products
* Dedicating to Organic produce
* High frequencies of production
* High productivity
* dedicating to all year round supply
* High market demands with sustainable market niche for all produces and value added products
* High value produces
* High growth potentials
* High return of investment
* Recovery of investment is averaging within 2 years.
* Highly supported industries by the China Government
* Recovery of investment is averaging within 2 years.
* Environmental friendly developments
SIAF Mgmt Team.
Mr. Lee Yip Kun Solomon
Chairman and Chief Executive Officer A Pioneer of Modern Fishery Projects in the South Pacific Region, who has over 35 years experience in the Fishery Industry and Food Industry created various sizable projects in the Asian region. Chairman and Chief Executive Officer
Mr. Zeng Shao Quan
Executive Director has extensive knowledge in China businesses and affairs, is responsible for the Company’s operation in China. Mr. Zeng was director in 7817 Ship Building Co., Prosper FarEast Co. Ltd. (a PLC listed in HKSE).
Mr. Tan Poay Teik (Peter)
Executive Director has 28 years of experience in the food Industry and has much practical experience in accounting, strategic planning, merger and joint venture matters and financial management having held directorship in several private limited and public listed companies.
Mr. Chen Bor Hann Michael
Manager of Fishery Director and Company secretary of SIAF. 13 years of experience in the Fishery Industry, one of the pioneers of CA and RAS Projects in Asia.
Mr. Sun Xi Min
He is the manager of ZX and a Director of APWA, the pioneer of ZX, a member of the Government Committee of Fengning, Vice Chairman of Chamber of Commerce Beijing, and Chairman of Pioneer of the Agriculture Enterprises China. Mr Sun services as an Agriculture Industrial Consultant of the Company since November 2005 responsible for business and market development in P.R.C.
Bouse District is mighty close to the largest gold mive discovery in Arizona in the last 50 years. Great potential here.
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.
I see no reason why it will not reach $1 and more. As some speculated Friday, I see them going to Nas very soon.
Yep, URHN is also a uranium play but I think the bread an butter lies with the Eagles Nest Mine they are JV'in with SPMC.
Insane tax breaks there. SIAF is already profitable and with the Agri business expecting to double in the next 10 years I expect big things from SIAF.
Mr. Liu Xinqiang suggests developing futures market to serve China's San Nong, which means country, agriculture and peasant
Publish Time:03.12.2009
During the second session of the eleventh China National People's Congress (NPC), Mr. Liu, Xinqiang, as Deputy to China National People's Congress and the President and CEO of DCE, recently submitted his proposal to NPC that we should expand China's futures market to better sever China's problems in San Nong , which means country, agriculture and peasant.
Mr. Liu, Xinqiang, as Deputy to China National People's Congress, said that it has been proved by the history of the development in futures market, and the experience in both China and international markets that because of its special functions of price realize and avoid risk, futures markets, which inchoate in agricultural products, will have positive effect for developing modern agriculture, booming rural development, and increasing peasants' income in China.
Now, international financial crisis impacts the way of China's agricultural development and increasing peasants' income. Under this new challenge, Mr. Liu, Xinqiang, as Deputy to China National People's Congress, suggested that we should take further relevant step to develop the function of China's futures market, to perfect the system of China's agricultural futures products, in order to better increase Chinese peasants' income and serve for China's agricultural development in more fields. On the one hand, those popular magnitude agricultural futures products should be come into the market, which have significant influence in international market. On the other hand, we should keep on coming useful agricultural futures products with china's own characteristic into the market.
Furthermore, Mr. Liu said that, option is the tool with low risk and easy to entry for risk control; therefore, we should also accelerately push China's agricultural options products to come into market, and should offer more tools for risk control to protect relatively puniness Chinese peasants' interest group.
Meanwhile, we should also try to build the industrial fund and the entrusting products between futures and spot markets, to improve the development of futures in many aspects, and to hasten futures market combined with spot markets in order to better serve for San Nong, which means country, agriculture and peasant.
Not to mention the subsidies they get from the goverment for being in the Agro business. Chinese agricultural companies are protected by the government and foreign competition is heavily regulated
Yep, can't wait for the company to start licensing it's pantented technology.
That Eagles Nest mine that URHN is JV'ing on is only 20 miles away fromt the largest Gold mine dicovery in the last 50 years. So Defintely one to keep an eye on.
SIAF another good one to watch. OTCBB uplisting soon and piggy back on up to Nas.
Some compiled SIAF DD
SIAF Company Financial Summary for 2008
Company financial information available on pinksheets.com. Numbers are un-audited and may change slightly, company currently undergoing audit for previous 3 years by Madsen and Associates, a PCAOB registered accounting firm (http://www.pcaob.org).
Total Revenue $14,466,609
Net Profit $4,984,318
Earnings Per Share $0.09
Total Assets $84,445,161
Total Liabilities $15,452,288
Net Assets $68,992,873
Book Value $1.30
Aim and Vision of SIAF
To be one of the best quality producers of the country, (dedicating to produce organic produces and products), but not necessary to be the biggest.
Sino Agro Food, Inc. (SIAF) is an agricultural business focused on developing, producing and distributing high margin agricultural products in the People¡¯s Republic of China.
In P.R.C. the rapid progress of industrialization of the last decade has unbalanced the needs of developments and activities of the agriculture industry, (i.e. diminishing of agriculture land, scarcity of farm laborers, industrial pollution and the generally over usage of chemical etc.). Therefore the P.R.C. Government has in recent years directed many incentive schemes and policies with the aim to revitalize and to modernize its agriculture industry. (i.e. Protection of agriculture land, stringent laws in governing the ownership and usage of agriculture land, tax free incentive applying to incomes generated from the industry and enforcing environmental friendly developments etc.)Management of the Company has many years of practical and professional experience in various and many sectors of the agriculture industry and decided in year 2004 that it was the right timing and there would be many opportunities available to develop agricultural ventures in P.R.C.
The Company intends to focus on meeting the increasing demand of China¡¯s rising middle class for gourmet and high quality food. Current lines of business include fisheries, dairies, and agricultural production of capers and sod with the direct association of modern fishery and cultivation technologies:
SIAF Fundamentals.
* Highly experienced and Practical team of management for each segment of the businesses.
* High margin businesses
* High quality produce and products
* Dedicating to Organic produce
* High frequencies of production
* High productivity
* dedicating to all year round supply
* High market demands with sustainable market niche for all produces and value added products
* High value produces
* High growth potentials
* High return of investment
* Recovery of investment is averaging within 2 years.
* Highly supported industries by the China Government
* Recovery of investment is averaging within 2 years.
* Environmental friendly developments
SIAF Mgmt Team.
Mr. Lee Yip Kun Solomon
Chairman and Chief Executive Officer A Pioneer of Modern Fishery Projects in the South Pacific Region, who has over 35 years experience in the Fishery Industry and Food Industry created various sizable projects in the Asian region. Chairman and Chief Executive Officer
Mr. Zeng Shao Quan
Executive Director has extensive knowledge in China businesses and affairs, is responsible for the Company’s operation in China. Mr. Zeng was director in 7817 Ship Building Co., Prosper FarEast Co. Ltd. (a PLC listed in HKSE).
Mr. Tan Poay Teik (Peter)
Executive Director has 28 years of experience in the food Industry and has much practical experience in accounting, strategic planning, merger and joint venture matters and financial management having held directorship in several private limited and public listed companies.
Mr. Chen Bor Hann Michael
Manager of Fishery Director and Company secretary of SIAF. 13 years of experience in the Fishery Industry, one of the pioneers of CA and RAS Projects in Asia.
Mr. Sun Xi Min
He is the manager of ZX and a Director of APWA, the pioneer of ZX, a member of the Government Committee of Fengning, Vice Chairman of Chamber of Commerce Beijing, and Chairman of Pioneer of the Agriculture Enterprises China. Mr Sun services as an Agriculture Industrial Consultant of the Company since November 2005 responsible for business and market development in P.R.C.
Morning Folks.
Morning folks. URHN keep an eye on it. Big things coming from Eagles Nest Mine.
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.
URHN - 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.
Nothing like a golden cross!!
URHN Interview. Keep an eye on it.
http://smallcapvoice.com/blog/6-16-09-audio-interview-with-uranium-hunter-corporation-otcbb-urhn
URHN Interview. Keep an eye on it.
http://smallcapvoice.com/blog/6-16-09-audio-interview-with-uranium-hunter-corporation-otcbb-urhn
A little URHN DD compilation.
Properties
The NPK Property
On June 26, 2007, we entered into an Option Agreement (the "NPK Agreement") with NPK Resources Ltd. ("NPK"), whereby NPK granted us
the sole and exclusive right and option to acquire up to a 75% undivided right, title and interest in and to the Nkoko and Kagadi
Uranium Properties which contain approximately 820 square kilometers located in Kiballe District, Uganda (the "NPK Property").
Under the terms of the NPK Agreement, NPK has granted us the sole and exclusive option to acquire up to a 75% undivided interest in
and to the NPK Property by making a cash payment to NPK of $25,000 US within five days of signing the NPK Agreement. We paid $15,000
during the quarter ended June 30, 2007 and paid the balance of $10,000 in July 2007. We shall also be responsible for making all
necessary property payments and taxes to keep the NPK Property in good standing. We shall maintain its 75% interest in the NPK
Property after we pay the $25,000 as described above by completing the following cumulative exploration expenditures on the NPK
Property totaling $150,000 US over a 36 month period:
(i) $50,000 in cumulative exploration expenditure within the first 12 months after signing the NPK Agreement; (ii) $100,00 in
cumulative exploration expenditures within 24 months of signing of the NPK Agreement; and (iii) $150,000 in cumulative exploration
expenditures within 36 months of signing of the NPK Agreement. If 36 months after the date of the NPK Agreement, we have not
completed exploration expenses of $150,000, we may still maintain its 75% interest in the NPK Property if we issue in favor of NPK
payments totaling up to $150,000 in shares of common stock of the Company or cash of up to $150,000 US at our sole option less the
cumulative exploration expenditures already paid and/or met on the NPK Property. The value of the shares shall be determined as the
average share price of the shares over the 30 business days of trading prior to the 36 month period as described herein provided,
however, that the shares shall not be valued at less then $1.00 per share.
Once we have vested and maintained our 75% interest in the project (i.e. by spending $150,000 on the project within three years), the
parties shall enter into a joint venture agreement and shall share proportionally in all exploration costs and payments subject to
standard dilution terms.
In addition, once we have earned its 75% interest in the NPK Property, for a one year period from date of earn in, NPK shall be
entitled to convert its 25% ownership of the NPK Property into common stock of the Company at the fair market value for NPK's 25%
ownership of the NPK Property. The fair market value of the NPK Property shall be determined by the parties and if they cannot agree,
shall be determined by three experts. Should NPK convert its 25% ownership into shares of common stock of the Company, then we shall
own 100% of the NPK Property. The value of the shares shall be determined as the average share price of the shares over the 30
business days of trading prior to the election period, provided, however, that the shares shall not be valued at less than $1.00 per
share.
We may terminate the NPK Agreement at any time by giving written notice to NPK of the termination of the NPK Agreement. If we fail to
make any payment (optional, discretionary or otherwise) or fail to do anything on or before the last day provided for such payment or
performance under the NPK Agreement, NPK may terminate the NPK Agreement but only if: (i) NPK has first given us written notice of
the default containing particulars of the payment which we have not made or the act which we have not performed; and (ii) we have
not, within 30 days following delivery of such notice, cured such default by appropriate payment or performance. Should we fail to
comply with the foregoing, NPK may thereafter terminate the NPK Agreement by notice to the Company. Upon the termination of the NPK
Agreement, we shall forfeit any and all interest in the NPK Property and shall cease to be liable to NPK.
The Eagle Nest Property
Effective April 21, 2009, the Company signed a Letter of Intent with Sparrowtech Resources, Inc, ("Optionor") for a right to earn 49%
interest in the mineral claims situated in, La Paz, Arizona, USA collectively generally known and described as the 'Eagle Nest Mining
Property' ("Eagle Nest"). The initial option period will be for a maximum of one year from the effective date. The Optionor granted
to the Company the right and option to acquire a 49% interest in the Eagle Nest property by making the following payments to the
Optionor plus the cost of expenditures for mining work ("Expenditures") and issuing shares of its capital as follows:
1. Deposit due on signing of LOI and $10,000
paid
Due and payable to the Optionor by $35,000
May 31, 2009
Work program commitment expenditures
to be incurred on exploration:
Within three months-Before July 21, $60,000
2009
Within nine months-Before January $90,000
21, 2010
Total within one year- Before April $150,000
21, 2010
2. The Company will issue two (2) million restricted common shares of the Company's common stock to the Optionor by May 15, 2009 (not
yet issued)
3. On subsequent anniversary dates, the Company will pay $15,000 to the Optionor:
April 21, 2010 $15,000
April 21, 2011 $15,000
April 21, 2012 $15,000
Any expenditure incurred in excess for such period shall be credited towards the expenditures required for the succeeding period or
periods. The initial option may be terminated by the Company at their sole discretion any time after the exploration payments for the
initial minimum of nine months of assessment work and taxes are paid. If the Company elects to terminate the Initial Option, the
Company will not have acquired any interest in the Property. During the initial option period, the Optionor will be the operator
manager of the exploration programs and will be entitled to a 15% administration fee on exploration expenditures. All costs related
to keeping the property in good standing including property taxes and costs to maintain the concessions in good standing will be
considered allowed exploration expenditures.
Latest PR's
Uranium Hunter Provides Results of Independent Assay and Concentration Testing Showing Significant Concentrations of Gold and Silver
On Thursday June 11, 2009, 8:30 am EDT
Buzz up! Print TORONTO, June 11 /PRNewswire-FirstCall/ -- Uranium Hunter Corporation (OTC Bulletin Board: URHN - News) and
Sparrowtech Resources, Inc. are pleased to announce the results of two independent assay and concentration tests completed in late
2008 at the Eagle Nest Mining Property. The Company recently entered into a Joint Venture Agreement to acquire 49% interest of the
Eagle Nest Mining Property Claims ("Eagle Nest") located in La Paz County, Arizona from Sparrowtech Resources, Inc.
Mr. Reno Calabrigo, President stated, "These independent results confirm management's belief that Eagle Nest shows great potential to
produce high levels of gold reserves. According to the results, Eagle Nest is considered to be heavily mineralized with excellent
vein structure running throughout. The initial metallurgical work also suggests excellent recovery by environmentally friendly closed
loop leaching. As a 'green' mining company, Uranium Hunter is pleased with these findings and plans to work with Sparrowtech to do
further advance testing on the mine using carbon-neutral processes whenever possible. Uranium Hunter is also progressing on acquiring
further precious metal properties and will be in a position to announce acquisitions in the near term."
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 the Company:
Uranium Hunter Corporation (OTCBB: URHN - News) 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 interests to include the precious metals industry.
For further information on the Eagle Nest Mining Property, please visit our new website at: 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.
Uranium Hunter Releases Details on the Eagle Nest Mining Property
Last update: 6/8/2009 4:39:00 PM
TORONTO, June 8, 2009 /PRNewswire-FirstCall via COMTEX/ -- Uranium Hunter Corporation (URHN) is pleased to provide further details on
the Eagle Nest Mining Property. The Company recently entered into a Joint Venture Agreement to acquire a 49% interest in the Eagle
Nest Mining Property Claims ("Eagle Nest") located in La Paz County, Arizona.
Mr. Reno Calabrigo, President stated "The Company is excited about this venture into the Bouse Mining District, which has a long
established history of producing profitable gold mining operations. We are in the process of evaluating the recent available data on
the Eagle Nest Mining Property and will release this information shortly in conjunction with an announcement for an upcoming work
program. Mr. Calabrigo further stated "During the 1980's, Cyprus Gold profitably mined the 500,000 oz Copperstone open pit resource,
located approximately 20 miles from Bouse, which based on today's gold prices is valued at over $470,000,000."
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.
About the Company:
Uranium Hunter Corporation (URHN) 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 diversity the Company's interests
to include the precious metals industry.
Uranium Hunter Enters into Joint Venture on the Eagle Nest Mining Property
On Tuesday May 5, 2009, 2:18 pm EDT
Buzz up! Print TORONTO--(BUSINESS WIRE)--Uranium Hunter Corporation (OTCBB: URHN - News) announced today that it has entered
into a Joint Venture Agreement to acquire 49% interest of the Eagle Nest Mining Property Claims (“Eagle Nest”) located in La Paz
County, Arizona from Sparrowtech Resources, Inc.
Mr. Reno Calabrigo, President stated “This joint venture agreement represents a diversification to include the precious metal
industry and will provide the Company with increased growth opportunity within the current economy.”
The Eagle Nest Mining Property
Eagle Nest includes 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.
Uranium Hunter will be updating its corporate website www.uraniumhuntercorp.com and release further details on the property including
assay and concentration testing results in the near future.
URHN INterview
http://smallcapvoice.com/blog/6-16-09-audio-interview-with-uranium-hunter-corporation-otcbb-urhn/
A little URHN DD compilation.
Properties
The NPK Property
On June 26, 2007, we entered into an Option Agreement (the "NPK Agreement") with NPK Resources Ltd. ("NPK"), whereby NPK granted us
the sole and exclusive right and option to acquire up to a 75% undivided right, title and interest in and to the Nkoko and Kagadi
Uranium Properties which contain approximately 820 square kilometers located in Kiballe District, Uganda (the "NPK Property").
Under the terms of the NPK Agreement, NPK has granted us the sole and exclusive option to acquire up to a 75% undivided interest in
and to the NPK Property by making a cash payment to NPK of $25,000 US within five days of signing the NPK Agreement. We paid $15,000
during the quarter ended June 30, 2007 and paid the balance of $10,000 in July 2007. We shall also be responsible for making all
necessary property payments and taxes to keep the NPK Property in good standing. We shall maintain its 75% interest in the NPK
Property after we pay the $25,000 as described above by completing the following cumulative exploration expenditures on the NPK
Property totaling $150,000 US over a 36 month period:
(i) $50,000 in cumulative exploration expenditure within the first 12 months after signing the NPK Agreement; (ii) $100,00 in
cumulative exploration expenditures within 24 months of signing of the NPK Agreement; and (iii) $150,000 in cumulative exploration
expenditures within 36 months of signing of the NPK Agreement. If 36 months after the date of the NPK Agreement, we have not
completed exploration expenses of $150,000, we may still maintain its 75% interest in the NPK Property if we issue in favor of NPK
payments totaling up to $150,000 in shares of common stock of the Company or cash of up to $150,000 US at our sole option less the
cumulative exploration expenditures already paid and/or met on the NPK Property. The value of the shares shall be determined as the
average share price of the shares over the 30 business days of trading prior to the 36 month period as described herein provided,
however, that the shares shall not be valued at less then $1.00 per share.
Once we have vested and maintained our 75% interest in the project (i.e. by spending $150,000 on the project within three years), the
parties shall enter into a joint venture agreement and shall share proportionally in all exploration costs and payments subject to
standard dilution terms.
In addition, once we have earned its 75% interest in the NPK Property, for a one year period from date of earn in, NPK shall be
entitled to convert its 25% ownership of the NPK Property into common stock of the Company at the fair market value for NPK's 25%
ownership of the NPK Property. The fair market value of the NPK Property shall be determined by the parties and if they cannot agree,
shall be determined by three experts. Should NPK convert its 25% ownership into shares of common stock of the Company, then we shall
own 100% of the NPK Property. The value of the shares shall be determined as the average share price of the shares over the 30
business days of trading prior to the election period, provided, however, that the shares shall not be valued at less than $1.00 per
share.
We may terminate the NPK Agreement at any time by giving written notice to NPK of the termination of the NPK Agreement. If we fail to
make any payment (optional, discretionary or otherwise) or fail to do anything on or before the last day provided for such payment or
performance under the NPK Agreement, NPK may terminate the NPK Agreement but only if: (i) NPK has first given us written notice of
the default containing particulars of the payment which we have not made or the act which we have not performed; and (ii) we have
not, within 30 days following delivery of such notice, cured such default by appropriate payment or performance. Should we fail to
comply with the foregoing, NPK may thereafter terminate the NPK Agreement by notice to the Company. Upon the termination of the NPK
Agreement, we shall forfeit any and all interest in the NPK Property and shall cease to be liable to NPK.
The Eagle Nest Property
Effective April 21, 2009, the Company signed a Letter of Intent with Sparrowtech Resources, Inc, ("Optionor") for a right to earn 49%
interest in the mineral claims situated in, La Paz, Arizona, USA collectively generally known and described as the 'Eagle Nest Mining
Property' ("Eagle Nest"). The initial option period will be for a maximum of one year from the effective date. The Optionor granted
to the Company the right and option to acquire a 49% interest in the Eagle Nest property by making the following payments to the
Optionor plus the cost of expenditures for mining work ("Expenditures") and issuing shares of its capital as follows:
1. Deposit due on signing of LOI and $10,000
paid
Due and payable to the Optionor by $35,000
May 31, 2009
Work program commitment expenditures
to be incurred on exploration:
Within three months-Before July 21, $60,000
2009
Within nine months-Before January $90,000
21, 2010
Total within one year- Before April $150,000
21, 2010
2. The Company will issue two (2) million restricted common shares of the Company's common stock to the Optionor by May 15, 2009 (not
yet issued)
3. On subsequent anniversary dates, the Company will pay $15,000 to the Optionor:
April 21, 2010 $15,000
April 21, 2011 $15,000
April 21, 2012 $15,000
Any expenditure incurred in excess for such period shall be credited towards the expenditures required for the succeeding period or
periods. The initial option may be terminated by the Company at their sole discretion any time after the exploration payments for the
initial minimum of nine months of assessment work and taxes are paid. If the Company elects to terminate the Initial Option, the
Company will not have acquired any interest in the Property. During the initial option period, the Optionor will be the operator
manager of the exploration programs and will be entitled to a 15% administration fee on exploration expenditures. All costs related
to keeping the property in good standing including property taxes and costs to maintain the concessions in good standing will be
considered allowed exploration expenditures.
Latest PR's
Uranium Hunter Provides Results of Independent Assay and Concentration Testing Showing Significant Concentrations of Gold and Silver
On Thursday June 11, 2009, 8:30 am EDT
Buzz up! Print TORONTO, June 11 /PRNewswire-FirstCall/ -- Uranium Hunter Corporation (OTC Bulletin Board: URHN - News) and
Sparrowtech Resources, Inc. are pleased to announce the results of two independent assay and concentration tests completed in late
2008 at the Eagle Nest Mining Property. The Company recently entered into a Joint Venture Agreement to acquire 49% interest of the
Eagle Nest Mining Property Claims ("Eagle Nest") located in La Paz County, Arizona from Sparrowtech Resources, Inc.
Mr. Reno Calabrigo, President stated, "These independent results confirm management's belief that Eagle Nest shows great potential to
produce high levels of gold reserves. According to the results, Eagle Nest is considered to be heavily mineralized with excellent
vein structure running throughout. The initial metallurgical work also suggests excellent recovery by environmentally friendly closed
loop leaching. As a 'green' mining company, Uranium Hunter is pleased with these findings and plans to work with Sparrowtech to do
further advance testing on the mine using carbon-neutral processes whenever possible. Uranium Hunter is also progressing on acquiring
further precious metal properties and will be in a position to announce acquisitions in the near term."
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 the Company:
Uranium Hunter Corporation (OTCBB: URHN - News) 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 interests to include the precious metals industry.
For further information on the Eagle Nest Mining Property, please visit our new website at: 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.
Uranium Hunter Releases Details on the Eagle Nest Mining Property
Last update: 6/8/2009 4:39:00 PM
TORONTO, June 8, 2009 /PRNewswire-FirstCall via COMTEX/ -- Uranium Hunter Corporation (URHN) is pleased to provide further details on
the Eagle Nest Mining Property. The Company recently entered into a Joint Venture Agreement to acquire a 49% interest in the Eagle
Nest Mining Property Claims ("Eagle Nest") located in La Paz County, Arizona.
Mr. Reno Calabrigo, President stated "The Company is excited about this venture into the Bouse Mining District, which has a long
established history of producing profitable gold mining operations. We are in the process of evaluating the recent available data on
the Eagle Nest Mining Property and will release this information shortly in conjunction with an announcement for an upcoming work
program. Mr. Calabrigo further stated "During the 1980's, Cyprus Gold profitably mined the 500,000 oz Copperstone open pit resource,
located approximately 20 miles from Bouse, which based on today's gold prices is valued at over $470,000,000."
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.
About the Company:
Uranium Hunter Corporation (URHN) 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 diversity the Company's interests
to include the precious metals industry.
Uranium Hunter Enters into Joint Venture on the Eagle Nest Mining Property
On Tuesday May 5, 2009, 2:18 pm EDT
Buzz up! Print TORONTO--(BUSINESS WIRE)--Uranium Hunter Corporation (OTCBB: URHN - News) announced today that it has entered
into a Joint Venture Agreement to acquire 49% interest of the Eagle Nest Mining Property Claims (“Eagle Nest”) located in La Paz
County, Arizona from Sparrowtech Resources, Inc.
Mr. Reno Calabrigo, President stated “This joint venture agreement represents a diversification to include the precious metal
industry and will provide the Company with increased growth opportunity within the current economy.”
The Eagle Nest Mining Property
Eagle Nest includes 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.
Uranium Hunter will be updating its corporate website www.uraniumhuntercorp.com and release further details on the property including
assay and concentration testing results in the near future.
URHN INterview
http://smallcapvoice.com/blog/6-16-09-audio-interview-with-uranium-hunter-corporation-otcbb-urhn/
Morning all. URHN still slowly moving up. Good to see.
Have a good Father's Day WE all.
Yep, Happy Father's Day all you dad's out there. Time for us to get pampered! LOL.
Agreed, time will tell but the idea of expanding and opening more stores is not that far fetched and I cansee it happening. Whether or not his "friend" told him that info is up for debate.
Good, like it when love is in the air.
Ok I smacked the .73 for a few, who's next?
I agree, should not even be on the table at this point.
You think so, I can't see them doing an R/S with this small share structure
Yep and it's to bad the US is going farther away from the "COD" style economy. Time for people to open their eyes a bit IMO.
LMAO - Spongebob stock. Good one Sykes.
That's my thoughts as well.
lots and lots of money to be made.
Yeah I like what I've read so far on this one. You think $4 out of the question in 6 - 12 months?
Nah, the MM's prob bought at .07 and sold them to the other guy .70 or something like that. NO way would they let him make all that profit, that's just not fair to the MM's LOL.
Hey bud, good to see you on this one. Been a while.
Good thing they reversed it then. Would have been a HUGE OUCH!!!