Unitedmines - History And Current Projects

By Author: Nazir Hassan
Total Articles: 7
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United Mines Corporation was formed on the 23rd of January 2005 with the agreement between Glynn G. and Glynn A. Burckhardt and Glynn E. Martin to merge their interests and knowledge in order to form an organization that is capable to finance projects on advanced mineral exploration. Apart from this, they also wanted to produce metals. In 2006, they acquired 69 unpatented claims which were different from where they started, to secure and expand prospective positions. In addition, they have acquired three permits from Arizona State Land Department Mineral exploration. This has a land of 1920 acres.
United Mines Corporation shares its trade with lowest amounts of outstanding stocks for a U.S publicly traded precious metals exploration and mining company. The most precious resource of the United Mines Corporation, apart from metals is its investors and shareholders. Their goal is to grow their asset base strength, increase their shareholder value every year and maintain limited stock dilution with maximum performance.
United Mines Corporation takes advantage of the new marketplace and the immense growth in commodities ...
... after the recession phase that the world faced. When the company reaches out to the public to finance, it allows the company to fulfill their current and future goals. The company has completed its SEC S-1 registration as on 29th June 2009. Now, it has been issued its own trading symbol, UNMN.
United Mines Corporation is currently working to utilize satellite imagery to create lineation maps that expose major veins, faults and shear structures which relate to alteration zones on the Clark Mine Group. This allows the identification of extended strikes of known mineralized structures along with the identification of unexplored targets beneath areas of soil, alluvial cover or areas still deeper which are visible only through satellite image lineation.
Many of this lineation that is identified includes vein structures that extend over 4000 feet in length and have a historic silver production hidden within. United Mines Corporation is working on the Phase 1, to drill and expose the veins located in the southern portion of Clark Mine Group. The structure has a surface width of 24 to 70 feet with extensive strike length. An estimate of an average of 18-26 opts/Ag (Silver) and 0.03 opt/Au (gold) has been identified on the independent surface and trenches. All the strikes that have their values as high as 500 opt/Ag or 0.5 opt/Au have been identified and placed under the category of high grade shoots.