United Resource Holdings Group, Inc. has Adopted New Best Practices and Completed Bulk Sampling at the Dun Glen Mine in Pershing Co., NV
Reno, NV–(OTC Markets Pink: URHG) – November 16, 2016 — United Resource Holdings Group, Inc. (OTC PINK: URHG) has adopted new best practices and completed bulk sampling of ore material at the Dun Glen Mine (“Mine”) in Pershing County, NV.
URHG announced the adoption of new internal control policies and related changes to management. URHG is not registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934 and, as such, is not subject to the heightened compliance provisions of the Sarbanes-Oxley Act. Nevertheless, URHG has determined to adopt certain Sarbanes-Oxley requirements and will consider adopting additional policies as best practices.
These new best practices will include URHG’s immediate:
●Adoption of internal reporting and financial controls policies; and
●Creation of an independent Audit Committee and Audit Committee Charter.
An accounting firm has been retained on a confidential basis to design and implement the internal reporting and financial controls that are being pursued at this time. No additions or modifications to financial reports, if any, will be posted to the OTC Markets Pink website until this process is completed. These controls are being implemented to ensure the most accurate information for the public information released regarding URHG’s financial information.
After the Mine Safety and Health Administration (MSHA) approval was given for the facility to resume operations on November 4, 2016, the following ore was sampled and processed at the Mine:
The Mine’s geologist is concentrating the bulk sampled material at this time so the concentrates can be assayed by independent assayers. The geologist will then analyze the assay information to determine the feasibility of the mining plan for the Dun Glen property.
Since the mining facility is fully permitted and has adequate water reserves for processing with minor regulatory notifications required to process ore, efforts are being made at this time to consolidate the Dun Glen mining district. Mining properties on patented land with higher assays located in the Dun Glen mining district are being considered for acquisition or joint venture for processing at the Mine.
Dana Low stated, “We are continuing to strive to provide the most accurate financial and operational information about URHG to our stockholders in the timeliest manner possible. These efforts are intended to further URHG’s desire to become a leading gold mining company in Nevada.”