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GOLDRUSH MINING ANNOUNCES INTERIM REPORT

 GOLDRUSH MINING ANNOUNCES INTERIM REPORT
 VANCOUVER, British Columbia, Sept. 4 /PRNewswire/ -- Goldrush


Mining Corp. (Vancouver: GDH.V) reported that an interim report has been received from Andrew Tottenham of Tottenham & Co., which enjoys an excellent international reputation as the leading consulting practice specializing in the gaming industry.
 Based on the Phase One architectural designs provided by Lee Loveland of Seattle, together with an in depth analysis of the gaming industry in the Central City/Black Hawk area of Colorado, and the gaming site which Goldrush and Great American Casino Corp. presently have under option in Black Hawk, he concludes that gross gaming revenues from 1,400 slot machines and 15 Black Jack and poker tables would amount to $26,550,000 U.S. exclusive of other revenue generating control centers such as restaurants, bars, souvenirs, etc. Using a typical operational cost and adding 10 percent less gaming taxes would result in an annual net profit of $10,697,800 U.S.
 The report further states "... that these calculations assume that the proposed facility achieves only its proportional market share based on the number of devices in operation. The author believes that the prime location, on-site parking and the management company's considerable prior experience in limited stakes gaming bodes well for a far greater market share than the estimated proportional return."
 Phase one of this project is presently designed as a 65,000 square-foot facility with parking for 320 cars. Phase two will include hotel rooms, retail and additional casino space.
 On Wednesday, Sept. 9, 1992 the company's name will be formally changed to Goldrush Casino & Mining Corp. The trading symbol of GDH.V will remain the same.
 -0- 09/04/92
 /CONTACT: James M. Blair, president of Goldrush Mining, 604-922-0370/
 (GDH.V) CO: Goldrush Mining Corp. ST: British Columbia IN: CNO MNG SU:


JB -- LA015 -- 7075 09/04/92 16:30 EDT
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Publication:PR Newswire
Date:Sep 4, 1992
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