Science & Technology
Science and Technology
Science and Technology
Wed, January 21, 2009
UC Hub Group, Inc.: UC Hub Group, Inc. Reports Early Stage Exploration of Wickenburg Property
FT. LAUDERDALE, FL--(Marketwire - January 21, 2009) - UC Hub Group, Inc. (
Company management was personally involved in this initial evaluation of the Wickenberg Property. The process included a loader, backhoe, and sluicing machines to extract concentrates from the gravel. Two iterations of gravity concentrations resulted in black-sand concentrates with visible gold. Photos will be placed on the UC Hub website.
The concentrating process was overseen by six onsite witnesses. Concentrate samples were weighed, photographed, sealed to maintain the chain of custody, and logged in preparation for shipment and assay. With this initial evaluation, Company management has personally retrieved placer gold from the Wickenburg gravels and our personal due diligence requirements are satisfied. Assay results from these initial concentrates are expected within two weeks. Once these results are received, we fully expect to proceed with the next evaluation step: geologic assessment of potential volume, grade, and tonnage of the entire property and area of interest by an independent third-party professional.
The Company believes our initial onsite investigation of the Wickenberg Placer Gold Property has been prudently conducted in good faith and integrity. We have shown placer gold is in the gravels, but potential volume, grade, and extent of placer mineralization is not yet defined. The Company cautions the shareholder to be mindful of chronology and asks for his patience in this effort. The Company will continue to proceed with caution, rigorous review, and professional evaluation of the logistics, geology, and economics of Wickenberg and the other four exploration properties.
Safe Harbor Provision
This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Tri-Star Holdings, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.
