Unitronix to Update Geo Sleuth and Market Updated Software
11 Março 2014 - 2:35PM
After consultation with Geological experts and a careful analysis
of current trends in mining exploration, Unitronix Corporation (OTC
Pink:UTRX) has decided that its proprietary software tool, "Geo
Sleuth" should be updated and tested over a new area of interest,
followed by an upgrade of software to reach the broad spectrum of
mining companies engaged in early stage mining exploration.
Geo Sleuth tm is a GIS Predictive mineral potential assessment
knowledge driven approach that has been successfully applied by
Unitronix over three large mining areas in Canada. It's focus is
Volcanogenic Massive Sulfide (VMS) presently and will expand the
coverage to another VMS area, probably in Europe.
The substantial list of criteria used in the tool to date has
been reviewed in detail and some minor updating is recommended
along with the inclusion of Geochemistry, which has come into
prominence since Geo Sleuth was completed. The updated list of
criteria will be completed before proceeding to testing over the
new VMS area.
The existence of advanced software technology in the early
mining exploration cycle is minimal and innovation for the most
part has been ignored. Technology that does exist for the most part
is proprietary and owned by major mining companies who do not make
their technology available for analysis, its frequency of use or
its status. In any event the technology is far behind its
prominence and use in the gas and oil industry and Unitronix
believes that Geo Sleuth is a good place to start to fill the
gap.
The continued escalation of mining exploration costs have
seriously affected the ability of the junior mining industry, who
have historically found most of the deposits that have become
producers to operate and raise funds, while costs continue to
escalate. Geo Sleuth is a tool that will substantially cut the cost
of early stage exploration and provide the ability to enable the
user to concentrate on areas of interest based on the software
tools findings, quickly and efficiently Geo Sleuth will also assist
the user to decide if the area under review has sufficient merit as
a potential prospect.
With the completion of the criteria updates and the final
mapping of the area selected, the first phase will be completed and
will be used to attract potential joint venture partners to both
market and undertake a software project to make Geo Sleuth more
user friendly and add certain features that will enhance the
output, such as 3-D technology.
The plan to proceed is dependent on the cost of completing this
first phase of the project and Unitronix's ability to fund it. Best
efforts to raise the funds will be taken; nevertheless, there is no
assurance that the company can raise the funds required.
SAFE HARBOR
This press release contains forward looking statement. Such
statements without limitation, statements regarding future results
of operation, performance and achievements of the company and
subsidiaries, including business or financing plans, business
trends and other numerous factors can cause the actual results to
differ materially from those stated and implied. Unitronix
Corporation expressly does not undertake to update such
statements.
CONTACT: Jack E. Shaw
126 Milport Cir., Suite 200
Greenville, SC 29607
USA
(310) 626-0800
www.unitronixcorp.com
Unitronix (PK) (USOTC:UTRX)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025
Unitronix (PK) (USOTC:UTRX)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025