SOURCE: Uranium Hunter Corp.
April 04, 2014 08:15 ET
TORONTO, ON--(Marketwired - Apr 4, 2014) - Uranium Hunter Corp ("The Company") (OTC Pink: URHN) (PINKSHEETS: URHN) is pleased to announce a summary of the work previously conducted on the Rio Petro Diamond Project.
Previous work completed on the Project included extensive open pit probing survey of the Project. A total of 80 pits were excavated from five different areas. In addition, a large bulk sample (15 by 30 metres in size with an average gravel thickness of 0.6 metres) was also collected. A total of 33 diamonds of gem quality were found during the course of the survey and sampling program, with diamond sizes ranging from 0.08 to 5.83 carats and colour ranging from colourless to pink to canary yellow. The diamond shapes were round to octahedral, which suggests the possibility of a kimberlite in the area. Current resources have been estimated at 96,367 carats of recoverable diamonds, based on an ore volume of 563,000 cubic metres at an average content of 0.171 carats per cubic metre.
It is expected that the majority of diamonds extracted will be over 3 carats as opposed to smaller melee stones with the indicated resource of approximately 96,000 carats, this translates into revenue of approximately $96,000,000.00 USD.
Mr. Calabrigo stated that, "the Company is in the final stages of putting together a comprehensive work program at The Rio Petro Project, with a tentative start up date of mid Spring 2014."
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 Converge Global, Inc. with members of its management team 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.
Reno J. Calabrigo
Reno J. Calabrigo
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