Capital Hill: Toiyabe Peaks Uranium Project
July 08 2005 - 1:35PM
PR Newswire (US)
Capital Hill: Toiyabe Peaks Uranium Project DENVER, July 8
/PRNewswire-FirstCall/ -- Capital Hill Gold, Inc. (OTC:CHGI)
(BULLETIN BOARD: CHGI) reports that the Company has acquired a 100%
interest in the Toiyabe Peaks Uranium project. The Toiyabe Peaks
project covers sixty-two unpatented lode-mining claims
(approximately 1,240 acres) on Federal lands administered by the
Bureau of Land Management ("BLM"). The Project is situated between
two past-producing uranium mines, and covers more than three linear
miles of altered, mineralized structure. Recent surface sampling
along this regional trend has returned uranium assays with grades
equal to those of the ore resources at the adjoining uranium mines;
assays for precious metals have also been positive, with surface
samples returning 0.08 to 0.22 oz Ag/ST. Independent geologists who
have visited the property and reviewed the geologic data have
estimated that the TP project area could host a deposit on the
order of 10 to 50 million tons grading 0.06% to 0.10% U3O8. Capital
Hill plans to immediately begin exploration work on the Toiyabe
Peaks project. Detailed geologic mapping and sampling will be
undertaken in conjunction with geophysical surveys to identify
areas for trenching and drilling later this summer. Company Capital
Hill Gold's strategic objective is to obtain controlling interests
in properties with excellent exploration potential to become
economically significant to world-class mineral deposits. More
information: http://www.capitalhillgoldinc.com/ 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. Contact: Capital Hill Gold, Inc., Denver
Investor Relations: Roseanna Bach +1-303-825-3382 This release was
issued on behalf of the above organization by Send2Press(TM), a
unit of Neotrope(R). http://www.send2press.com/ DATASOURCE: Capital
Hill Gold, Inc. CONTACT: Roseanna Bach, Investor Relations, of
Capital Hill Gold, Inc., Denver, +1-303-825-3382 Web site:
http://www.send2press.com/ Web site:
http://www.capitalhillgoldinc.com/
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