Capital Hill Proceeding with Acquisition of Nevada Gold Deposit Based on Positive Results
June 16 2005 - 4:01PM
Business Wire
Capital Hill Gold, Inc. (OTCBB:CHGI) reports that following receipt
of evaluation reports and sampling results, the Company will
immediately be taking steps to acquire a potentially major gold
deposit in Nevada. The CM gold project comes on the heals of a
claim stake being made by the companies agents, of a major Uranium
deposit in the same region. Fire assay results from samples taken
along shear zones and areas of brecciation outcropping on the
property returned strongly anomalous gold and silver values in
silicified limestones. Field observations identified both upper and
lower plate rocks and jasperiods in the area of interest, which, in
conjunction with USGS geochemical survey work and privately-funded
geophysical surveys, suggests that the area of interest could host
a major gold deposit. A claim staking crew is being mobilized, and
they will be staking claims over the next seven to ten days. The
program will involve staking approximately 30 unpatented mining
claims. Capital Hill Gold's strategic objective is to obtain
controlling interests in properties with excellent exploration
potential to become economically significant to world-class ore
deposits. CHGI intends to acquire mineral exploration properties
primarily through the filing of concessions on its own account and
in partnership as well as by optioning exceptional properties at
reasonable costs relative to the property's potential and the
financial capabilities of the company. On behalf of Capital Hill
Gold, Inc. Dan Enright, President This press release contains
statements, which may constitute "forward-looking statements"
within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities
Litigation Reform Act of 1995. Prospective investors are cautioned
that any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, and that
actual results may differ materially from those contemplated by
such forward-looking statements. Important factors currently known
to management that could cause actual results to differ materially
from those in forward-statements include fluctuation of operating
results, the ability to compete successfully and the ability to
complete before-mentioned transactions. The company undertakes no
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results.
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