Field Program Yields Highest Single Reading at Ruhuhu Thus Faradmin
Uranium Hunter Corporation announce a Geiger-counter reading of 1253 cps at Ruhuhu Target 4, the highest single reading thus far. The reading, taken as part of the traversing phase of the ongoing advanced field program, was recorded 145 m due east from the base line of the trend anomaly.
This reading serves as the latest mark in ground crew efforts to map Target 4 for trenching, pitting and systematic sampling. The Company will continue to update its shareholders as results of its field program become available.
Commenting on this announcement, Ghaith Qamheiah, President of Uranium Hunter, stated, “While recognizing that we are still in the early phases of our field program, containing our excitement is proving to be difficult. The feeling is that we are on the verge of something big at Ruhuhu, and we, as with many of our shareholders surely, are anxiously awaiting further results.”
Uranium Hunter (OTC BB:URHN.OB) 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.
Uranium Hunter has entered into a Definitive Agreement with Trimark Explorations, Ltd (“Trimark”), on behalf of its wholly owned subsidiary Gambaro Resources, to earn up to a 100% interest in the Uranium-Au property located in Njombe and Songea Districts, Tanzania. Uranium Hunter has optioned 170 km 2 property in southern Tanzania covering sediments of the Karoo sequence which share common features with rocks of the Colorado Plateau in the western US that have become prolific producers of Uranium.
Uranium Hunter has entered into another Definitive Agreement with NPK Resources Ltd. to earn a 75% interest in the Nkoko and Kagadi uranium properties which contain over 800 km2 located in Kibaale district, Uganda, called the “Kibaale Project.”
The Ugandan government, World Bank, African Development Fund and the Nordic Development Fund has all co-sponsored a US $42 million high valued mineral centered aerial survey which began in January 2007. Results are expected shortly, and will aid in early exploration work on the properties.