ORO VALLEY, AZ--(Marketwire - November 24, 2009) - United Mines, Inc. (OTCBB: UNMN) ("United
Mines" or "the Company"), a precious metals mining company, based in
Tucson, Arizona, USA, is pleased to announce that it recently began trading
on the OTC Bulletin Board under the symbol "UNMN."
United Mines' President Glenn E. Martin stated, "United Mines listing on
the OTC Bulletin Board is a significant step towards increasing our
Company's visibility and providing liquidity for our shareholders. We
believe this move will also provide the Company with additional financing
options to fund future mineral exploration at our mines."
United Mines was formed with the goal of becoming a successful mineral
exploration and development company, while becoming a mid-tier level
silver, gold and copper producer. The Company was founded by Glynn G.
Burkhardt, Glynn A. Burkhardt, and Glenn E. Martin in 2005. The Company's
current management has a combined 145 years of experience in the mining
industry.
The Company owns silver, gold and copper exploration projects in Arizona,
U.S.A. The primary silver exploration and development project is known as
The Cerro Colorado Silver Mining Project. United Mines' primary gold
exploration and development projects are The Big Three, Ostrich, Tres
Amigos and Sorrel Top. The primary copper mining exploration and
development projects are The Blue Copper, Green Copper and Red Beds.
Management is currently developing plans regarding the exploration of these
claims, which the Company will announce shortly. Plans are also being
developed to acquire additional mining projects as funding becomes
available.
United Mines' Ostrich, Big Three, Edwards, Ajax, and Tres Amigos gold
properties are all within areas reported by the U.S. Bureau of Mines, U.S.
Geological Survey and Department of Interior to be highly prospective, with
a high probability for the discovery of unknown poly-metallic gold
deposits. All of these properties are past producers of high-grade gold
and silver ores and are located within the mineralized area that has only
recently begun to be explored with modern tools. The Cerro Colorado Mining
District in Pima County, Arizona is historically shown to have already
yielded significant silver over the past two hundred years.
In addition to its mining claims, United Mines owns and operates a twin
plant processing facility that is permitted by the Bureau of Land
Management (BLM). The Company has 45,000+ tonnes of, mineralized material,
consisting of silver, independently assayed in side cast mine dumps, on the
ground, ready to be transported to the Company's permitted Mill Site. The
Company is currently performing upgrades on its permitted twin plant
millsite scheduled to be completed in Q2 2010. UMI plans to begin a
one-year intensive program of sampling, drilling and geochemistry that is
expected to yield more positive proof of high grade ores suitable for
near-the-surface open pit mining while filing several Notice of Intents
(NOIs) and "modified" plans of operations for the millsite with BLM to
begin bulk test sampling.
About United Mines, Inc.
United Mines, Inc. was incorporated in Arizona in 1999 as Plae, Inc. On
February 18, 2005, the corporate name was changed to King Mines, Inc. and
then subsequently changed to its current name, United Mines, Inc., on March
30, 2005. The Company owns silver, gold and copper exploration projects in
Arizona, U.S.A. The primary silver exploration and development project is
known as The Cerro Colorado Silver Mining Project. United Mines' primary
gold exploration and development projects are The Big Three, Ostrich, Tres
Amigos and Sorrel Top. The primary copper mining exploration and
development projects are The Blue Copper, Green Copper and Red Beds. In
addition to its mining claims, United Mines owns and operates a twin plant,
100+ ton per day gravity float & 55,000 ton heap leach processing facility
that is permitted by the Bureau of Land Management and the (ADEQ) Arizona
Department of Environmental quality. For more information about United
Mines, please visit http://www.unitedmines.com.
Forward Looking Statements
This news release contains certain "forward-looking statements."
Forward-looking statements are based on current expectations and
assumptions and are inherently subject to risks and uncertainties, some of
which cannot be predicted or quantified, and many of which are beyond the
Company's control. The forward-looking statements are also identified
through the use of words "believe," "enable," "may," "will," "could,"
"intends," "estimate," "anticipate," "plan," "predict" "probable,"
"potential," "possible," "should," "continue," and other words of similar
meaning. Actual results could differ materially from these forward-looking
statements as a result of a number of risk factors detailed in the
Company's periodic reports filed with the SEC. Given these risks and
uncertainties, investors are cautioned not to place undue reliance on such
forward-looking statements and no assurances can be given that such
statements will be achieved.