Capital Hill Reports Additional Assay Results from the Company's Uranium Project.DENVER -- Capital Hill Gold, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CHGI) is pleased to report that it has received new assays from the Company's uranium project: Sample Description Uranium Silver Shear zone (metasediments + quartz monzanite) 0.017 % U 0.055 oz Ag/ST Ore Dumps (composite sample; sediments + intrusives) 0.068 % U 0.068 oz Ag/ST Ore Dumps (composite; strongly sheared vein material) 0.067 % U 0.032 oz Ag/ST Two additional samples of metasedimentary outcroppings intruded in·trude v. in·trud·ed, in·trud·ing, in·trudes v.tr. 1. To put or force in inappropriately, especially without invitation, fitness, or permission: by porphyritic por·phy·rit·ic also por·phy·rit·i·cal adj. 1. Of or containing porphyry. 2. Containing relatively large isolated crystals in a mass of fine texture. Adj. 1. quartz monzanite dikes contained anomalous amounts of uranium as well as measurable silver (0.042 to 0.045 oz/ST). Assay work was performed by American Assay Labs (Elko, Nevada Elko is a city in Elko County, Nevada, United States. The population was 16,980 at the 2000 census. It is the county seat of Elko CountyGR6. Geography and Climate Elko is located at (40.836396, -115. ). A claim staking crew and a geologist are en route to the Company's uranium property, and will begin work on Friday to complete the staking of an additional 40 unpatented mining claims. In May 2005, agents for the company staked 22 unpatented mining claims and set discovery monuments and location markers for an additional 40 claims (- 800 acres). Severe weather (including heavy snows at higher elevations of the project area) precluded the entire program from being completed as scheduled. The area being staked encompasses a large area of potentially commercial-grade uranium mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. identified by previous work, including geophysical surveys Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. and reconnaissance sampling. Such identifying works, assays and surveys will encourage a fast track to bringing this property to its next stage of development. Following completion of the uranium claim-staking program, the staking crew will begin locating claims on a potential major gold deposit situated south of the new uranium property. The company was elated to discover such un-staked claims that now add to the company's portfolio wealth of properties and holding. About the Company Capital Hill Gold's strategic objective is to obtain controlling interests controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail 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 Daniel Enright (August 30, 1917 - May 22, 1992) was one of the most successful game show producers in American television. Enright worked with Jack Barry from the 1940s until Barry's death in 1984. They were partners in creating programs for radio and television. , President This press release contains statements, which may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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-looking 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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