Apr 7 2014
Uranium Hunter Corp ("The Company") is pleased to announce a summary of the work previously conducted on the Rio Petro Diamond Project.
Previous work completed on the Project included extensive open pit probing survey of the Project. A total of 80 pits were excavated from five different areas. In addition, a large bulk sample (15 by 30 metres in size with an average gravel thickness of 0.6 metres) was also collected. A total of 33 diamonds of gem quality were found during the course of the survey and sampling program, with diamond sizes ranging from 0.08 to 5.83 carats and colour ranging from colourless to pink to canary yellow. The diamond shapes were round to octahedral, which suggests the possibility of a kimberlite in the area. Current resources have been estimated at 96,367 carats of recoverable diamonds, based on an ore volume of 563,000 cubic metres at an average content of 0.171 carats per cubic metre.
It is expected that the majority of diamonds extracted will be over 3 carats as opposed to smaller melee stones with the indicated resource of approximately 96,000 carats, this translates into revenue of approximately $96,000,000.00 USD.
Mr. Calabrigo stated that, "the Company is in the final stages of putting together a comprehensive work program at The Rio Petro Project, with a tentative start up date of mid Spring 2014."