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Monday, 12th January 2009 (1276 views)

UC Hub has reported that it has conducted a check on title and lien checks for its gold mining properties, completing the first phase of due diligence.

The Los Angeles-based company recently announced formal asset acquisition of gold mining contracts in Wickenburg, Arizona and is now vetting its assets in order to ensure compliance with respect to due diligence.

According to UC Hub, updates and further submissions have also been made to "perfect ownership of the gold mining claims" as part of due diligence procedures.

A team from the company will be on site at the Wickenburg mine from this week to "survey, plot, sample and prospect and document the mining claim" in order to speed up to beginning of mining and sampling processes.

UC Hub agreed a deal with Tri-Star Holdings earlier this month for the formal asset acquisition and assignment of certain mining contracts and assets, including those in Wickenburg and the Lucky Linda Claim in Nevada.

 

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