Government Attitude Encouraging for Uranium Hunter's Gold Prospects in Guyana
LAS VEGAS, Feb. 27, 2013 /PRNewswire/ -- Uranium Hunter Corporation (OTC Pink: URHN) is encouraged by the progressive attitude of the Guyana government with respect to mining activities. The forward looking posture adopted by the government is heartening and encouraging to all mining explorers.
The country of Guyana is located within the Guiana Shield, in the northeastern part of South America. This region is well known for its undeveloped resources of copper, gold, iron ore, manganese, nickel, platinum and uranium. The Company is a partner in promising and significant mineral concessions within the country. The positive governmental attitude makes its property even more attractive.
The political climate in the country has improved dramatically, and has swung solidly in favor of mining. A stable, democratically elected government is putting considerable effort into attracting foreign investment in all sectors. The government is totally committed to a free enterprise system, and has a clear mandate to build the mining industry as an important part of the national economy.
The government recognizes the enormous benefits that mining can bring to a developing nation, and, consequently, has instituted a regulatory system that is supportive of mineral exploration and development. As an example, Guyana has established one of the most modern and sophisticated geological databases of any country. Title to mineral claims, permitting, mining regulations, taxation and other government related matters are now on a par with the better mining nations.
The Prime Minister has a mining background, and is dedicated to promoting the mining industry as a means of bringing greater wealth to the people of his nation. He clearly understands the importance of building and maintaining a favorable image of the country for investors.
Gregory Ellis, President, commented: "Because much of Guyana has yet to be studied and explored in a systematic way, we are confident that significant deposits have yet to be discovered. Enormous wealth is just being found. Gold is the hottest investment niche around, and we are perfectly positioned in this mining friendly nation."
About Uranium Hunter Corporation
Uranium Hunter (OTCBB: URHN) through its wholly owned subsidiary Cuyuni Mining mission is to build a fully-integrated uranium gold, precious metals and gemstone production company that incorporates exploration, development, acquisition, mining, ore processing and sales. We target historically proven and highly prospective properties in South America and Africa, which can come to production quickly. For more information visit our website www.cuyunimining.com.
This press release contains forward-looking statements, particularly as related to, among other things, Uranium Hunter's business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, and other factors that may cause Uranium Hunter's actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks, uncertainties and other factors that are detailed in Uranium Hunter's Quarterly and Annual Reports and other documents Uranium Hunter files from time-to-time. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Uranium Hunter cautions readers not to place undue reliance on such statements. Uranium Hunter does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Uranium Hunter's expectations and estimates.
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SOURCE Uranium Hunter Corporation
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