Business
United Resource Holdings Group, Inc. Declares Commercial Mining at Dun Glen Mine
United Resource Holdings Group, Inc. Declares Commercial Mining at Dun Glen Mine.
About this update from United Resource Holdings Group, Inc.
[{"type":"text","content":"\n \n United Resource Holdings Group, Inc. (“URHG”) (Pink Sheets: URHG) \n announced today that its wholly owned subsidiary, Dun Glen Mining Corp \n (“Dun Glen”) began commercial production at the Dun Glen Mine.\n \n \n While the plant at the Dun Glen mine began processing ore for the \n recovery of gold on August 25, 2014, Dun Glen mine continues developing \n the ore pit at a sustained level to sufficiently feed the processing \n plant to enable profitable production. Dun Glen’s contribution from \n sales of ounces produced will be recorded in the consolidated statement \n of earnings for URHG in the third quarter of 2014.\n \n \n “This is a significant accomplishment for the Dun Glen team and a \n pivotal achievement for URHG,” said Mark Kersey, President and CEO of \n the Company. “We will have achieved commercial production during the \n third quarter—a testament to the hard work and commitment of the Dun \n Glen team. From the initiation of leasing of Dun Glen starting in May of \n 2011, to completing the NV Bureau of Mining Regulation & Reclamation \n permitting process, to completing construction, to posting the NV \n Department of Minerals bond; mining has commenced at Dun Glen.”\n \n \n Dana Low, Chief Operating Officer for URHG, has been at the mine during \n the mobilization phase and inception of production at Dun Glen. With the \n mine still in its early days of commercial production we continue to \n evaluate various production profiles to optimize and get the best \n economic return from the processing of Dun Glen’s mine.\n \n \n URHG continues to move forward in the Audit process being completed by \n Haynie & Company and with the assistance of its accounting firm Ingenium \n Accounting for the year ending 2013.\n \n \n About United Resource Holdings Group, Inc.:\n \n \n United Resource Holdings Group, Inc. is a U.S.-based natural resource \n exploration and development company, focused on the acquisition of \n mining equipment and the development of placer mines, gold and other \n precious commodity projects that demonstrate a reasonable probability \n for near term production. In addition, the company operates a \n beneficiation process plant that recovers precious metals from mineral \n ores and ore concentrates on behalf of its captive...