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GOLDRUSH CASINO & MINING CORP. TO FOREGO COMPLETION OF A PROPERTY

 GOLDRUSH CASINO & MINING CORP.
 TO FOREGO COMPLETION OF A PROPERTY
 VANCOUVER, British Columbia, Oct. 30 /PRNewswire/ -- The directors of Goldrush Casino & Mining Corp. (Vancouver: GDH) in consultation with The Great American Casino Co. have decided to forego completion of a property currently held under option in favor of pursuing a superior business opportunity to purchase a neighbouring casino-zoned property. This property is located in the Black Hawk gaming district of Colorado and is presently offered to the joint venture at a substantially more attractive price.
 Goldrush and Great American are presently in negotiation regarding this property purchase which will result in an earlier opening of their casino/hotel project. Consequently the two private placements earmarked for the earlier option will be set aside and separate financial arrangements will be announced shortly.
 -0- 10/30/92
 /CONTACT: James M. Blair, president of Goldrush Casino & Mining, 604-922-0370/
 (GDH.) CO: Goldrush Casino & Mining Corp. ST: British Columbia IN: CNO MNG SU:


EH -- LA033 -- 7315 10/30/92 16:49 EST
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Publication:PR Newswire
Date:Oct 30, 1992
Words:167
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