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Uranium Hunter Corporation Enters into LOI with St. Watson Mining Company of Sierra Leone
Uranium Hunter Corporation Enters into LOI with St. Watson Mining Company of Sierra Leone.
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[{"type":"text","content":"\n\n\n\n\n\n\n\nUranium Hunter Corporation Enters into LOI with St. Watson Mining Company of Sierra Leone\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nUranium Hunter Corporation Enters into LOI with St. Watson Mining Company of Sierra Leone\n\nPR Newswire\n\nLAS VEGAS, Feb. 12, 2013\n\n\n\n\n\n\n\nLAS VEGAS, Feb. 12, 2013 /PRNewswire/ -- Uranium Hunter Corporation (OTC Pink: URHN) has announced it has signed a Letter Of Intent with St. Watson Mining Company Sierra Leone, Ltd. (SWMC or St. Watson) to joint venture with them on their gold concessions in Sierra Leone. SWMC is a private owner/operator resource and mining group with offices in Florida, USA and Freetown, Sierra Leone, West Africa. \n\n\nSt. Watson's core focus is on the exploration, acquisition, development and exploitation of small to medium sized resource locations. The company's strategic bull's eye approach of project assessment is the results of the CEO Brad Saint John's 20+ years' experience in Africa in the technical field and President Michale Watson's over 20 years' experience in global Logistics and Management including a previous career as a decorated officer in the US Navy. \n\n\nThe concessions are located in the Sewafe area in the District of Kono. Kono District is a resource-rich district in the Eastern Province of Sierra Leone. Its capital and largest city is Koidu Town. The other major towns in the district include Motema, Yengema, Tombodu, Jaiama-Nimokoro and Sewafe. The district is the largest diamond producer in Sierra Leone. The population of Kono District is 352,328. Kono District borders Kenema District to the southwest, The Republic of Guinea to the east, Koinadugu District to the northeast and Kailahun District to the southeast.\n\n\nThe concessions currently have all permits, fees, environmental approvals and exploitation license required by the government in place. The concession land is government owned and leased to St. Watson for 33 years. The government and Chiefdoms receive 30% of net recovery as a royalty. \n\n\nIt is estimated that the concession will produce ...