SOURCE: United Resource Holdings Group, Inc.

United Resource Holdings Group, Inc.

September 14, 2015 13:10 ET

United Resource Holdings Group, Inc. Announces Water Permit and Production Update at the Dun Glen Mine

PERSHING COUNTY, NV--(Marketwired - September 14, 2015) - United Resource Holdings Group, Inc. (OTC PINK: URHG) received additional water permits for the Dun Glen mine. The water at the Dun Glen mine has been pumped and recovered from a spring on the property. On Friday, September 4th, after months of negotiating with the Bureau of Land Management, we are excited to announce that we have been permitted to access water from two additional springs on the property.

Once these new water sources have been properly harvested, we will be able to increase our production to at least 10-12 hours per day. Additionally, with the increased water capacity, we will be able to more fully benefit from our settling ponds, which will keep the water running through the circuit cleaner. The cleaner the water that runs through the circuit, the better the recovery rate of gold.

On the production front, after the many adjustments made to our circuit over the past 3 months we have now run enough ore to say we have been averaging between .5 and .75 ounces per hour with about a 50% capture rate. This represents a solid number to START with but far from the number we hope to have here soon. Unfortunately up to today we have not been able to run more than a few hours per day due to water availability and the high amount of clay which leaves the water too dirty to do the job correctly and prevents us from having a higher capture rate.

However, starting last Friday, September 11th, we are bringing the water from the 2nd pond online based on the new permit, which should increase the amount of hours per day we can run.

This week we will begin the development of the 3rd pond to achieve our 1st goal of 40 hours of production time per week. The increased revenue from additional production time will go towards improving the existing circuit by adding additional equipment such as jigs for a better gold recovery percentage, cyclones and a second sand screw for better water clarification.

More water allows it to stay cleaner to process with and results in increasing gold yield. More production results in digging deeper in the pit, toward bedrock which will result in the ore having more gold content to recover.

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