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uranium hunter corp (URHN) Key Developments

Uranium Hunter Mulls Acquisitions

Uranium Hunter Corporation (OTCPK:URHN) is looking for acquisitions. Reno J. Calabrigo, President of Uranium Hunter Corporation said, "We are currently reviewing potential acquisitions in various industry sectors and will provide updates in the near future."

Uranium Hunter Corporation Provides Summary of the Rio Petro Diamond Project in Brazil

Uranium Hunter Corp. announced a summary of the work previously conducted on the Rio Petro Diamond Project. Previous work completed on the Project included extensive open pit probing survey of the Project. A total of 80 pits were excavated from five different areas. In addition, a large bulk sample (15 by 30 metres in size with an average gravel thickness of 0.6 metres) was also collected. A total of 33 diamonds of gem quality were found during the course of the survey and sampling program, with diamond sizes ranging from 0.08 to 5.83 carats and colour ranging from colourless to pink to canary yellow. The diamond shapes were round to octahedral, which suggests the possibility of a kimberlite in the area. Current resources have been estimated at 96,367 carats of recoverable diamonds, based on an ore volume of 563,000 cubic metres at an average content of 0.171 carats per cubic metre. It is expected that the majority of diamonds extracted will be over 3 carats as opposed to smaller melee stones with the indicated resource of approximately 96,000 carats, this translates into revenue of approximately $96,000,000.00.

Uranium Hunter Corp Announces Executive Changes

Uranium Hunter Corp. announced the appointment of Reno Calabrigo as President and Director of the company. Einar Tesaker has resigned as President and Director.

Uranium Hunter Corporation Signs Letter of Intent with St. Watson Mining Company Sierra Leone, Ltd. to Joint Venture

Uranium Hunter Corporation announced it has signed a letter of intent with St. Watson Mining Company Sierra Leone, Ltd. to joint venture with them on their gold concessions in Sierra Leone. The concessions are located in the Sewafe area in the District of Kono. The other major towns in the district include Motema, Yengema, Tombodu, Jaiama-Nimokoro and Sewafe. The concessions currently have all permits, fees, environmental approvals and exploitation license required by the government in place. It is estimated that the concession will produce in excess of 20,000 ounces per year of gold. With the price of gold currently trading around $1,650.00 per ounce, the joint venture has the potential to reach or exceed $33,000,000.00 in gross revenues.

Uranium Hunter Corporation Announces Acquisition of Concession in Kette Region of Cameroon

Uranium Hunter Corporation has announced it has reached an agreement with local land owners, village chief, elders and the Paramount Chief and Cameroon Ministry of Mines to acquire a further 2 concessions in the Kette region of Cameroon. Surface rents have been paid and concession demarcation and licensing is underway. The concessions selected are to the East near the border of Central African Republic region, which are considered to be the major host body for gold in the region. Historical records as stated by village elders indicate that while exploration has occurred in the past in this area, river dredging or any industrial mining has never taken place. The company is excited about its prospects in the upcoming mining season. Further, Foy Johnston, LTD announces that on land pitting commenced on one of the previously announced concessions. Pit sampling on of five 10mx10m area pits on land returned an average of 2.4 ("g/t"), the Company is optimistic with proper equipment production potentially will be quite high.

 

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