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Feb. 27, 2013 /PRNewswire/ -- Uranium Hunter Corporation (OTC Pink: URHN) is encouraged by the progressive attitude of the
Guyana government with respect to mining activities. The forward looking posture adopted by the government is heartening and encouraging to all mining explorers.
The country of
Guyana is located within the Guiana Shield, in the northeastern part of
South America. This region is well known for its undeveloped resources of copper, gold, iron ore, manganese, nickel, platinum and uranium. The Company is a partner in promising and significant mineral concessions within the country. The positive governmental attitude makes its property even more attractive.
The political climate in the country has improved dramatically, and has swung solidly in favor of mining. A stable, democratically elected government is putting considerable effort into attracting foreign investment in all sectors. The government is totally committed to a free enterprise system, and has a clear mandate to build the mining industry as an important part of the national economy.
The government recognizes the enormous benefits that mining can bring to a developing nation, and, consequently, has instituted a regulatory system that is supportive of mineral exploration and development. As an example,
Guyana has established one of the most modern and sophisticated geological databases of any country. Title to mineral claims, permitting, mining regulations, taxation and other government related matters are now on a par with the better mining nations.
The Prime Minister has a mining background, and is dedicated to promoting the mining industry as a means of bringing greater wealth to the people of his nation. He clearly understands the importance of building and maintaining a favorable image of the country for investors.
Gregory Ellis, President, commented: "Because much of
Guyana has yet to be studied and explored in a systematic way, we are confident that significant deposits have yet to be discovered. Enormous wealth is just being found. Gold is the hottest investment niche around, and we are perfectly positioned in this mining friendly nation."
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