TORONTO, June 8 /PRNewswire-FirstCall/ -- Uranium Hunter Corporation (OTC Bulletin Board: 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 (OTCBB: 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.
For further information on the Eagle Nest Mining Property, please visit our new website at: http://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 Corporation
CONTACT: Reno J. Calabrigo, President of Uranium Hunter Corporation,
+1-416-915-4257, info@uraniumhuntercorp.com
Web Site: http://www.uraniumhuntercorp.com/
