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SOURCE Gold Hill Resources, Inc.
LAS VEGAS, Feb. 25, 2014 /PRNewswire/ -- Gold Hill Resources, Inc. (OTCBB and OTCQB:GULD)("GHR" or the "Company"), a mining and subsurface detection technology company, today announced that it has filed seven new patents over the course of last year including a patent application regarding Advanced Geophysical Receiving (AGR) technology embedded in a drone based detection system. The AGR technology will allow the drone to send back the location of precious metals to the operator. The AGR drone metal detection system will be just one offering in a new line of products, which will also include, induced polarization, ground penetrating radar, pulse induction and pulse induction coil technology for metal detectors. The drone based patent application covers drone landing gear in rough terrain, allowing for a range of fixed wing detection drones to be utilized in the field instead of helicopter type drones.
Wayne Good GHR's Chief Executive Officer stated, "We are very pleased with our current intellectual property portfolio. This will lead to breakthrough technological advances in subsurface detection on both land and water."
About Gold Hill Resources
Gold Hill Resources, Inc. is a mining and subsurface detection technology company headquartered in Las Vegas, Nevada. The Company owns and operates two wholly owned subsidiaries: Accurate Locators in Gold Hill, Oregon and Imaging Locators in Pahrump, Nevada. Accurate Locators is a leading developer of metal and underground detection systems that has been in business since 1992. Imaging Locators manages research, development and demonstration facilities.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein regarding our ability to obtain, maintain, defend and enforce intellectual property rights protecting our product candidates and the scope, coverage and enforceability of our intellectual property rights. Actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Factors that could cause future results to materially differ from those projected in forward-looking statements include the "Risk Factors" described in the Company's Quarterly Report on Form 10-K filed with the Securities and Exchange Commission on January 29, 2014, and in the Company's other periodic filings with the SEC.
All forward-looking statements are expressly qualified in their entirety by this cautionary notice. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. The Company has no obligation, and expressly disclaim any obligation, to update, revise or correct any of the forward-looking statements, whether as a result of new information, future events or otherwise.
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