DENVER -- Capital Hill Gold, Inc. (OTCBB:CHGI) is riding the uranium boom taking place in the western United States. As reported in the July 24, 2005 issue of the Denver Post, more than 8,500 uranium claims have been filed this year in western Colorado and eastern Utah. The reason: 435 nuclear
As a result of concerns about global warming occasioned by fossil fuels, many environmental groups are currently seeing nuclear power as a lesser evil.
Capital Hill is currently reviewing several potential areas to investigate and stake additional claims along with its 100% interest in the Toiyabe Peaks Uranium Project. Management's long history in mining projects in the uranium regions of the western USA translates into insider knowledge of promising ore sites. CEO Dan Enright states, "We are very excited with the on going exploration and development of our Nevada, Toiyabe Peaks and Smokey Valley projects."
About The Company
Capital Hill Gold's strategic objective is to obtain controlling interests in petroleum, uranium and other strategic and precious metal properties with excellent exploration potential for economically significant to world-class ore deposits. CHGI has acquired rights to several mineral exploration properties with uranium, gold and silver, and is actively negotiating for the acquisition of additional properties.
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.