Commodity Online TORONTO: Uranium Hunter Corporation (OTC Bulletin Board: URHN) and Sparrowtech Resources, Inc. have announced the results of two independent assay and concentration tests completed in late 2008 at the Eagle Nest Mining Property which shows enormous potential for gold reserves.
The Company recently entered into a Joint Venture Agreement to acquire 49% interest of the Eagle Nest Mining Property Claims ("Eagle Nest") located in La Paz County, Arizona from Sparrowtech Resources, Inc.
Trade sitting at the comfort of home. Start with a mere 50$Reno Calabrigo, President stated, "These independent results confirm management's belief that Eagle Nest shows great potential to produce high levels of gold reserves. According to the results, Eagle Nest is considered to be heavily mineralized with excellent vein structure running throughout. The initial metallurgical work also suggests excellent recovery by environmentally friendly closed loop leaching. As a 'green' mining company, Uranium Hunter is pleased with these findings and plans to work with Sparrowtech to do further advance testing on the mine using carbon-neutral processes whenever possible. Uranium Hunter is also progressing on acquiring further precious metal properties and will be in a position to announce acquisitions in the near term."
Assay and Concentration Testing November 2008 assay reports of samples taken on Eagle Nest by New Verde River Mining Co. Inc. indicate gold values of 0.666 ounces per ton to 1.100 ounces per ton and silver values of trace amounts to 0.09 ounces per ton.
Separately, Met-Solve Laboratories, Inc. ran two 7 kilo samples for concentration tests in December 2008. These tests indicated that the calculated head ore of sample one assayed at 5.3 grams per ton. After concentrating, sample one assayed at 82.1 grams of gold per ton in the concentrate. The tails had 1.7 grams of gold per ton remaining.
The tests further indicated that the calculated head ore of sample two assayed at 9.3 grams per ton. After concentrating, sample two assayed at 142.7 grams of gold per ton in the concentrate. The tails had 1.5 grams of gold per ton remaining.
(PRNewswire)
