UC Hub Group, Inc. Closes Precious Mineral Claim Acquisitionsadmin
UC Hub Group Inc. announces the formal contract and closing with Tri-Star Holdings Inc and their various Mining Claims of Gold, Silver and Copper. Now that the formal contract is closed we will begin working on a full Geologist report that is more closely representative of a 43-101 with a Certified Professional Geologist. These assets were represented by Tri-Star to be of significant value. If the gold analysis and the 43-101 provide information confirming any reserve conclusions, and corroborate the values that Tri-Star represented, the Company will then leverage said reserves against the purchase price of the asset and begin an aggressive chronological rollout. Based upon the purchase price, we have now acquired these mining claims, and our market cap and our future shall be defined by the next month of reporting and by the requisite experienced mining staff.
Phase One of this program was for UC Hub Group, Inc. to find an asset and to acquire said asset with stock. The company has completed this asset acquisition as announced as a formal closing Jan 30, 2009. Concurrently, we have been working on the reviews of said claims and the speculative efforts and analysis to project economic potential for a mining claim. We have done this first hand and speculate that within these multiple mining claims there seems to be $3.5 Million in value per the asset acquisition. Concurrent with this phased program, the market has shown an increase in volume. Various new and experienced mining groups are being reviewed as we will need to staff up with historic mining people who have mining credentials. The week of February we have staff meetings with the new leeching technology and its applications and metrics.