United Development International Announces Radar Satellite Imagery Confirms Presence of Bonanza Type Gold Mineralization on Guyana Property.
LAS VEGAS--(BUSINESS WIRE)--Aug. 21, 2003
After reviewing satellite imagery Satellite imagery consists of photographs of Earth or other planets made from artificial satellites. History
The first satellite photographs of Earth were made August 14, 1959 by the US satellite Explorer 6. photographs of our Konawaruk River The Konawaruk River is a river in western Guyana. It is a tributary of the Essequibo River, joining it just south of the Potaro River mouth at .
Mining, especially for gold, is the primary industry along the river. property in Guyana, geologist Leandro Pires indicates "significant amounts of gold bearing gravel remain untouched within the property, with excellent potential for identification of high grade gold mineralization Mineralization
The process by which the body uses minerals to build bone structure.
Mentioned in: Rickets
n the bioprecipitation of an inorganic substance. ." Pires also stated "the presence of bonanza type gold mineralization in lateritized gravel (catch cow) upstream and downstream." Catch cow layers are classified as a false clay bottom of our river claim. Because of the specific gravity specific gravity, ratio of the weight of a given volume of a substance to the weight of an equal volume of some reference substance, or, equivalently, the ratio of the masses of equal volumes of the two substances. of gold being denser, by physics there are strong possibilities that more gold exists beyond the reported reserves of approximately 431,000 ounces.
"This is an extremely exciting report from Mr. Pires," stated Robert Doherty, president of United Development International. "The potential for this property continues to rise."
To take advantage of this bonanza mineralization, modifications to our present method of mining (suction dredges), will include the use of cutter head dredges.
"Cutter head dredges in other regions of Guyana Guyana is divided into 10 regions:
"Developing this property further is a top priority for the company," continued Doherty. "We know we are partners in a property that at today's gold price has a potential value for United Development of over $78,000,000.00USD USD
In currencies, this is the abbreviation for the U.S. Dollar.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ." Doherty continued, "This certainly adds to the urgency to increase our capacity to produce gold and to bring on additional equipment such as cutter head dredges to get the job done."
United Development International has developed a six-year plan that will include up to 30 dredges that will dramatically increase our production and subsequently, our profitability.
For more information, please go to www.udiresources.com to view our Web site and gain more insight into United Development International and its gold projects.
United Development International is quoted on NQB NQB National Quotation Bureau, Inc (now Pink Sheets) Pink Sheets as "UDVE."
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