United Resource Holdings Group, Inc. Announces Completion of Geological Evaluation Report

^{Published on 2012-01-17 18:01:32 - Market Wire}
 

United Resource Holdings Group, Inc. Announces Completion of Geological Evaluation Report -- RENO, Nev., Jan. 17, 2012 /PRNewswire/ --

RENO, Nev., Jan. 17, 2012 /PRNewswire/ -- United Resource Holdings Group, Inc. (OTCPK:URHG) announced today that a Geological Evaluation Report for the Dun Glen Mine, Pershing County, Nevada, has been prepared and completed on behalf of United Resource Holdings Group, Inc. (the "Report").  The full Report is available at:

[ http://www.otcmarkets.com/financialReportViewer?symbol=URHG&id=70560 ]

Based on the results of the Report, URHG intends to focus initial placer mining efforts on developing and operating within Target Area #1 as identified in the Report.

"[Target Area #1] is located on patented (fee) land, is cleared for bulk testing, and is recommended initially because of the excellent bulk testing results, confirming previous drill results. Three (3) bulk tests were completed, two (2) of which were submitted for assays. DG3 returned assays of 0.064 ounces of gold per ton over a thickness of seven (7) feet and P4 returned assays of 0.05 ounces of gold per ton over a thickness of thirteen (13) feet. Please see Exhibit 3 A-D, Trench Bulk Sampling Map and Assay Results, showing these results. Eight (8) pits and trenches were previously located in this immediate area. The main trench is one hundred (100) feet in length and was designed to expose Reverse Circulation Drill Hole 74, a vertical hole which returned 0.034 ounces of gold per yard over a thickness of ten (10) feet, including three (3) gold nuggets. The other reason this area was selected is because of its location just above the mill site; a downhill truck haul may result in transportation costs that are potentially lower.

Two (2) other holes, Reverse Circulation Drill Holes 112 and 113, are located just to the north of Reverse Circulation Drill Hole 74 and returned results of 0.02 ounces of gold per ton over a thickness of fifteen (15) feet and 0.075 ounces of gold per ton over a thickness of ten (10) feet, respectively. In addition, three (3) new test pits in the immediate area returned favorable gold assays:

P1: 0.05 ounces of gold per ton over a thickness of eleven (11) feet
P2: 0.69 ounces of gold per ton over a thickness of ten (10) feet
P3: 0.55 ounces of gold per ton over a thickness of ten (10) feet

These pits were made to test the areas of Reverse Circulation Drill Holes 112 and 113. This area will have to be reviewed carefully as the material recovered was oxidized, mineralized, and siliceous."

URHG plans to continue the permitting of Target Area #1, as well as to undertake all other steps necessary to complete the full-scale processing mill currently under construction.  URHG expects production to commence in 2012.

About United Resource Holdings Group, Inc.:

United Resource Holdings Group, Inc. is a U.S.-based exploration and development company, focused on the acquisition of mining equipment and the development of gold and other precious commodity projects that demonstrate a reasonable probability for near term production. The company is quoted on the OTCPK under the symbol "URHG."

Notice Regarding Forward-Looking Statements:

This news release contains "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 which 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 2012 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.

CONTACT:
Mark A. Kersey
(775) 851-4700

SOURCE United Resource Holdings Group, Inc.