There is always a chance for a reversal of fortune. When it comes to mining in many parts of the world, governments come and go but the land remains. East Africa is a solid example. Years of strife have started to recede in several parts of the region with capitalism, and the desperate search for capital, beginning to take hold. Finding a mining company that has a background in their country of choice and people in place who understand current conditions is a solid way to profit where others may fear to tread.
Uranium Hunter Corp., a uranium and gold exploration and development company, works to identify and exploit uranium and gold deposits primarily in Uganda and Tanzania. Based in Toronto Canada, the company has been having solid results with its exploration activities, and is expecting further progress in East Africa sooner rather than later.
Although the company could have focused its exploration activities anywhere in the world, it has chosen to identify deposits in Uganda and Tanzania because of the relative lack of exploration activities in the region owing to political and economic conditions. In the last 10 years, however, conditions within these two countries have stabilized and improved to a point where World Bank analysts have advised the countries leaders that mining of uranium and gold is the best way to generate much-needed revenue. With development capital as a catalyst, government cooperation is anticipated.
Furthermore, experts in the uranium exploration field indicate that there is a ten-year backlog of exploration activities to be completed for a true analysis of uranium and gold deposits in the region. Although not complete by any means, initial analysis would tend to suggest that significant deposits are easily within extraction parameters.
The company’s current analysis has focused primarily on its Uganda properties. Through aerial survey, it has identified 8 significant formations within its Ruhuhu prospect and 9 further delineated zones with RAD_1 to RAD_9 readings – readings that are considered significant. Background anomalies have indicated concentrations 5 times higher than background readings.
Clearly, the company has signed agreements with Tanzania and Uganda that hold significant prospects of investment return. Further assessment is needed to clearly delineate each prospect but return on investment is very likely regardless of prospect size. Uranium Hunter has done its legwork and bided its time; it is now ready to move forward with extraction and solid revenue for the foreseeable future.
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