Sparks, NV – United Resource Holdings Group, Inc. (“URHG”) has posted its 2014 annual report. 2014 marked the first year in which URHG had income from gold production. The wholly owned subsidiary, Dun Glen Mining Corp. is no longer only in exploration phase but is now in the production phase. While the recovery was modest in 2014, it allowed the company to recognize the improvements required to the current gold recovery circuit. Through this process and analysis done by leading experts in placer mining equipment, Dun Glen was able to present an engineering plan and secure the financing to make the upgrades required to the circuit. These improvements include modifications to the trommel and sluice, which will increase our recovery rate and also increase the hourly production.
These modifications are scheduled to be completed over the next six weeks and will give Dun Glen a better picture of expected gold production and recovery for the remainder of 2015.
About United Resource Holdings Group, Inc.:
United Resource Holdings Group, Inc. is a U.S.-based natural resource exploration and development company, focused on the acquisition of mining equipment, mineral-bearing materials, and the development of gold and other precious commodity projects that demonstrate a reasonable probability for near-term production and revenue. In addition, the company holds a controlling interest in a beneficiation process plant that recovers precious metals from mineral ores and ore concentrates on behalf of its captive mining properties and on behalf of third-party mining companies. The company is quoted on the OTCPK under the symbol “URHG”.
Notice Regarding Forward-Looking Statements:
This news release may contain “forward-looking statements”, as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the accomplishment of any of our plans listed for 2015 such as any acquisitions, geophysics, production, construction projects, drilling programs or results from such programs, and the timelines within which such items may be accomplished, as referred to in this news release.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration, development, and production. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and that which is made publicly available by us from time to time.