We would like to highlight Uranium Hunter Corp. (OTCBB: URHN). The company is a natural resource corporation devoted to the exploration and development of deposits of Uranium and Gold in East Africa. The company website can be found at www.UraniumHunterCorp.com.
In the company’s news today,
Uranium Hunter Corp. announced that the geophysical interpretation of the aeromagnetic and radiometric surveys commenced at its Ruhuhu Prospect have outlined as many as 8 outcropping zones of enhanced uranium activity. The 1,100 line km of airborne radiometric and magnetic data obtained by the airborne contractor was interpreted by GAP Geophysics of South Africa with the goal of mapping uranium anomalies of possible palaeochannel exploration interest. According to the company, some 9 subdivided zones of enhanced uranium activity (RAD_1 to RAD_9) have been interpreted, including anomalies whose responses are up to 5 times greater than background.
GAP Geophysics reported that the anomalous responses characterize Karoo sediments underlying the area and have comparable characteristics to uranium palaeochannel deposits in the Republic of South Africa Karoo, making them viable exploration targets. Uranium Hunter is providing the full report as a publication under the “Investor Relations” tab on the www.UraniumHunterCorp.com website.
Other uranium discoveries in similar rock formations to those found at the company’s Ruhuhu Prospect include the Kayelekera uranium deposit in Malawi, which is owned by Paladin Resources, and the Mkuju River project owned by Mantra Resources. The Kayelekera discovery has an inferred resource of 9.4 million tonnes ore at 0.12% U308, while the Mkuju project was recently reported to have thick zones of uranium mineralization.
“We are extremely encouraged by these results which continue to reaffirm the viability of our Ruhuhu project. With specific targets now identified, we are confident that further fieldwork will continue to follow this positive trend,” stated Ghaith Qamheiah, President of Uranium Hunter.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
