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
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SOURCE Uranium Hunter Corporation