status is none of yer' damn business!! :-)
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URHN - gonna get interesting very soon.
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 people.
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 DD
Company History
Subsequent to the fiscal year ended September 30, 2006, and in October 2006, we were granted the sole exclusive right and option to
acquire up to a 100% undivided right, title and interest in and to the Gambaro Resources Property located in Njombe and Songea
districts in the Republic of Tanzania. The Gambaro Resources Property, which is held under the terms of a Prospecting License issued
by the government of Tanzania, is believed to cover sediments of the Karoo sequence which share common features with rocks of the
Colorado Plateau in the western United States that have been prolific producers of uranium. Such project has been abandoned by us.
See "The Gambaro Property" below.
On February 14, 2007, pursuant to a Certificate of Amendment to our Articles of Incorporation filed with the State of Nevada, we
changed the name of the corporation from "Brownsville Company" to "Uranium Hunter Corporation".
On June 26, 2007, we were granted 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").
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.
Morning all. Let's bust through that .12 today!!!!!
Uptrend is what I like to see !!!!
What volume?
According to this it is.
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."
Very well could be. Just 20 miles away was the biggest gold discovery in Arizona in the last 50 years. Never know what Eagle's nest really holds untill all the research is done by the company.
Sure is some nice volume here today. Will not be long before that .12 is history for good!!!
Just a matter of time Clay. The news keeps getting better and better. Ders gold in dem der hills!!!!!!!!
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.
BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay, and collecting payment.
We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space.
With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay.
Exactly, have a little patience and then we move. Get the dips IMO if you can.
BZCN keep an eye on this opne too guys. In the right place during the tough economic times. HAd nice news this AM too.
BizAuctions' clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay.
BZCN keep an eye on this opne too guys. In the right place during the tough economic times.
BizAuctions' clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay.
Yes it is nice. Good to see more and more details coming out on the Eagle Nest property. More good news to come I'm sure too.
So true. Someone has to profit from all this madness so why not BZCN.
BizAuctions' clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay.
IT's good to see a company and it's business is remaining steady in these screwed up times. BZCN should do well today.
URHN NEWS!!!
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.
URHN NEWS!!!
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.
Man, this keeps getting better and better.
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.
You to bud. Been a while, took some time off LOL. Nice news this AM huh.
Gotta love this part of todays PR.
Delmar Janovec, CEO comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, total listings reached approximately 9,015 and total sold items was 6,824 for the 90-day time period. The average sold price per item during this period was approximately $77.00 with a sell-through rate of approximately 75%.
BZCN had some good news this AM guys.
BizAuctions eBay Business for Last 90-Day Period Remains Steady
On Thursday June 11, 2009, 7:00 am EDT
Buzz up! Print Related:BizAuctions, Inc.
SAN DIEGO, June 11 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink Sheets: BZCN - News), a prime provider of commercial eBay
liquidation services for excess inventories and overstocks, announced today total listings and sold items on its eBay business model
during the last 90 days.
Delmar Janovec, CEO comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, total
listings reached approximately 9,015 and total sold items was 6,824 for the 90-day time period. The average sold price per item
during this period was approximately $77.00 with a sell-through rate of approximately 75%. This status is indicative of our staff's
commitment to provide our customers with exemplary service which is shown by our customer satisfaction rating on eBay of 99%.
BizAuctions eBay business model continues to remain steady and customers appreciate the quality of our brand name items that are sold
on eBay".
"BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative
commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions
consigns, buys inventory, and liquidates through eBay and its newly opened retail store, Lucky 7's," continues Janovec.
The Company's clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term
strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any
business to liquidate excess inventory on eBay.
More information is available at www.BizAuctions.com. Investors and media can receive a free investor kit for BizAuctions, Inc. by
contacting Investor Relations at investors@BizAuctions.com or (800) 961-3275. A virtual tour of BizAuctions' facilities and flash
video presentation can be viewed at http://www.bizauctions.com/
ABOUT BIZAUCTIONS - ADDRESSING THE $60 BILLION PROBLEM
BizAuctions, Inc. (Pink Sheets: BZCN - News) is a prime provider of commercial eBay liquidation services for excess inventory,
overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their
industries.
BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory,
selling the inventory on eBay, and collecting payment.
We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up
their valuable storage and retail space.
With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative
solution for most any business to liquidate its excess inventory on eBay.
The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2008, and
the quarterly statements filed in calendar year 2008, at www.PinkSheets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain
the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve
risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital,
uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological
developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed
herein.
BZCN had NICE news this morning!!!
BizAuctions eBay Business for Last 90-Day Period Remains Steady
On Thursday June 11, 2009, 7:00 am EDT
Buzz up! Print Related:BizAuctions, Inc.
SAN DIEGO, June 11 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink Sheets: BZCN - News), a prime provider of commercial eBay
liquidation services for excess inventories and overstocks, announced today total listings and sold items on its eBay business model
during the last 90 days.
Delmar Janovec, CEO comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, total
listings reached approximately 9,015 and total sold items was 6,824 for the 90-day time period. The average sold price per item
during this period was approximately $77.00 with a sell-through rate of approximately 75%. This status is indicative of our staff's
commitment to provide our customers with exemplary service which is shown by our customer satisfaction rating on eBay of 99%.
BizAuctions eBay business model continues to remain steady and customers appreciate the quality of our brand name items that are sold
on eBay".
"BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative
commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions
consigns, buys inventory, and liquidates through eBay and its newly opened retail store, Lucky 7's," continues Janovec.
The Company's clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term
strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any
business to liquidate excess inventory on eBay.
More information is available at www.BizAuctions.com. Investors and media can receive a free investor kit for BizAuctions, Inc. by
contacting Investor Relations at investors@BizAuctions.com or (800) 961-3275. A virtual tour of BizAuctions' facilities and flash
video presentation can be viewed at http://www.bizauctions.com/
ABOUT BIZAUCTIONS - ADDRESSING THE $60 BILLION PROBLEM
BizAuctions, Inc. (Pink Sheets: BZCN - News) is a prime provider of commercial eBay liquidation services for excess inventory,
overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their
industries.
BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory,
selling the inventory on eBay, and collecting payment.
We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up
their valuable storage and retail space.
With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative
solution for most any business to liquidate its excess inventory on eBay.
The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2008, and
the quarterly statements filed in calendar year 2008, at www.PinkSheets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain
the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve
risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital,
uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological
developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed
herein.
Morning all. Saw the news this AM. Count me in.
URHN keep watching this one.
Some DD
Company History
Subsequent to the fiscal year ended September 30, 2006, and in October 2006, we were granted the sole exclusive right and option to acquire up to a 100% undivided right, title and interest in and to the Gambaro Resources Property located in Njombe and Songea districts in the Republic of Tanzania. The Gambaro Resources Property, which is held under the terms of a Prospecting License issued by the government of Tanzania, is believed to cover sediments of the Karoo sequence which share common features with rocks of the Colorado Plateau in the western United States that have been prolific producers of uranium. Such project has been abandoned by us. See "The Gambaro Property" below.
On February 14, 2007, pursuant to a Certificate of Amendment to our Articles of Incorporation filed with the State of Nevada, we changed the name of the corporation from "Brownsville Company" to "Uranium Hunter Corporation".
On June 26, 2007, we were granted 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").
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 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 keep watching this one.
Some DD
Company History
Subsequent to the fiscal year ended September 30, 2006, and in October 2006, we were granted the sole exclusive right and option to acquire up to a 100% undivided right, title and interest in and to the Gambaro Resources Property located in Njombe and Songea districts in the Republic of Tanzania. The Gambaro Resources Property, which is held under the terms of a Prospecting License issued by the government of Tanzania, is believed to cover sediments of the Karoo sequence which share common features with rocks of the Colorado Plateau in the western United States that have been prolific producers of uranium. Such project has been abandoned by us. See "The Gambaro Property" below.
On February 14, 2007, pursuant to a Certificate of Amendment to our Articles of Incorporation filed with the State of Nevada, we changed the name of the corporation from "Brownsville Company" to "Uranium Hunter Corporation".
On June 26, 2007, we were granted 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").
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 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.
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.
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.
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.
MOrning people. URHN doing just fine the last couple of days. More info coming on this one.
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."
Oops, that was a typo, meant to say next month but regardless good nes to hear from the ceo.
Excellent work Alex. Possible production of U308 next week is what I like to hear.
Excellent work Alex. Possible production of U308 next week is what I like to hear.
Looking really good here today. Hope some of you was able to grab some of those cheapies yesterday!!!!
URHN - A Golden Opportunity for a Uranium Hunter
On Wednesday June 10, 2009, 6:30 am EDT
Buzz up! Print LAS VEGAS, June 10, 2009 (GLOBE NEWSWIRE) -- There is a growing opinion that governmental moves in Washington could benefit gold and gold stocks. In looking at historical data, these forward-looking arguments aren't without merit.
A compelling article by Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors, compares the ascent of gold after the U.S. government pumped money into the economy during the Vietnam War to the present government recovery programs. His argument uses the previous case study as an indicator that similar good times for gold and related gold stocks could well follow.
To read the article, use the link below: http://www.kitco.com/ind/Holmes/holmes_jun082009.html
This bodes well for Uranium Hunter Corporation (OTCBB:URHN - News), which has added to its uranium portfolio a considerable gold interest via a Joint Venture Agreement to acquire 49% interest of the Eagle Nest Mining Property Claims ("Eagle Nest") located in La Paz County, Arizona. The Eagle Nest Mining Property includes a previously producing Au-Cu-Ag-Fe (Gold, Copper, Silver and Iron) mine located 10 miles off Highway 95. 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.
Closing prices for Uranium Hunter Corporation have more than doubled since URHN's May 27, 2009 trading day.
Investors in leading gold equities Apollo Gold Corp. (Amex:AGT - News), Eldorado Gold Corp. (Amex:EGO - News), New Gold Inc. (Amex:NGD - News), Yamana Gold Inc. (NYSE:AUY - News), and Gammon Gold Inc. (NYSE:GRS - News) are invited to view a profile of Uranium Hunter Corporation at http://smallcapsentinel.com/URHN
Register to receive exclusive information on emerging public companies at http://smallcapsentinel.com/register
Join the discussion on every aspect of the stock market at www.FiSpace.net
To be featured in our publications please use the contact information below.
Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies haven't always approved the statements made in this report. This report is neither a solicitation to buy nor offer to sell securities and is for information purposes only and shouldn't be used as basis for investment decisions. IMI isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. IMI. has been compensated $3,500 for this publication and other advertising services by Archon Global, a financial public relations consultant to URHN. Paid reports constitute a conflict of interest as to IMI's ability to remain objective in communication regarding subject companies. S. Convery CRD#2495267.
Contact:
Integrity Media Inc.
Kurt Divich
702-396-1000
Sure sounds like it. Waiting patiently to see what they have up their sleeve.
A Golden Opportunity for a Uranium Hunter
On Wednesday June 10, 2009, 6:30 am EDT
Buzz up! Print LAS VEGAS, June 10, 2009 (GLOBE NEWSWIRE) -- There is a growing opinion that governmental moves in Washington could benefit gold and gold stocks. In looking at historical data, these forward-looking arguments aren't without merit.
A compelling article by Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors, compares the ascent of gold after the U.S. government pumped money into the economy during the Vietnam War to the present government recovery programs. His argument uses the previous case study as an indicator that similar good times for gold and related gold stocks could well follow.
To read the article, use the link below: http://www.kitco.com/ind/Holmes/holmes_jun082009.html
This bodes well for Uranium Hunter Corporation (OTCBB:URHN - News), which has added to its uranium portfolio a considerable gold interest via a Joint Venture Agreement to acquire 49% interest of the Eagle Nest Mining Property Claims ("Eagle Nest") located in La Paz County, Arizona. The Eagle Nest Mining Property includes a previously producing Au-Cu-Ag-Fe (Gold, Copper, Silver and Iron) mine located 10 miles off Highway 95. 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.
Closing prices for Uranium Hunter Corporation have more than doubled since URHN's May 27, 2009 trading day.
Investors in leading gold equities Apollo Gold Corp. (Amex:AGT - News), Eldorado Gold Corp. (Amex:EGO - News), New Gold Inc. (Amex:NGD - News), Yamana Gold Inc. (NYSE:AUY - News), and Gammon Gold Inc. (NYSE:GRS - News) are invited to view a profile of Uranium Hunter Corporation at http://smallcapsentinel.com/URHN
Register to receive exclusive information on emerging public companies at http://smallcapsentinel.com/register
Join the discussion on every aspect of the stock market at www.FiSpace.net
To be featured in our publications please use the contact information below.
Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies haven't always approved the statements made in this report. This report is neither a solicitation to buy nor offer to sell securities and is for information purposes only and shouldn't be used as basis for investment decisions. IMI isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. IMI. has been compensated $3,500 for this publication and other advertising services by Archon Global, a financial public relations consultant to URHN. Paid reports constitute a conflict of interest as to IMI's ability to remain objective in communication regarding subject companies. S. Convery CRD#2495267.
Contact:
Integrity Media Inc.
Kurt Divich
702-396-1000