Uranium Hunter's Guyana Property Is a "Golden" Opportunity
KEW GARDENS, N.Y., Dec. 5, 2012 /PRNewswire/ -- Uranium Hunter Corporation (OTC Pink: URHN) will be sending an evaluation team to its Guyana gold concessions in the near future. The enormous mineral wealth of Guyana is just being discovered, and the Company is confident that its property will be part of the "gold rush."
Interestingly, investors are just waking up to the enormous potential of Guyana. Guyana, a small South American country, has a rich endowment of gold and other metals. These riches have long been known to the mining industry, but, for various reasons that mineral wealth remained under cover. As the mining industry continues to make new discoveries - and with a number of gold deposits nearing production - the investment community is beginning to pay attention to Guyana.
It is inevitable that the work now underway in Guyana will turn up a number of large gold deposits. The country is at a very interesting stage in its evolution to becoming a major gold producing nation. Enough has been done in the past to confirm the enormous geological potential. Yet, smaller companies such as Talisman have been able to secure large tracts of highly prospective ground.
A report published by the Guyana Geology and Mines Commission (GGMC) indicates that gold production has enjoyed a significant run of success over the past thirteen years. Last year it reached more than $42 billion. Sustained increases in gold production over the past two years have been matched by a steady increase in mining claims.
Gregory Ellis , Uranium Hunter's President, said, "We are dedicated to aggressively acquiring, exploring and developing high quality gold projects. Gold production is outstripping new supplies, and this creates a significant catalyst for rising price targets of gold in the coming decade."
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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Uranium Hunter Corporation
SOURCE Uranium Hunter Corporation
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