United Mining Group Inc UMG:CA announced today that it has signed a letter of intent to increase its land holdings from 143 hectares to 379 hectares at the Crescent Mine Project. The new claims will more than double the potential silver-hosting area available to the company.
CEO/Director Charles Pitcher said, “This acquisition, along with our recent securing of initial milling capacity, will certainly open up immediate growth opportunities for UMG. The significance of these claims being along the structural strike of known ore zones and host to the Sunshine Mine and the Bunker Hill Mine cannot be underestimated, and significantly increase the UMG inventory of immediate and near term exploration property.”
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by Ted Niles