SALT LAKE CITY, March 27, 2012 /PRNewswire/ -- Capital Financial
Global, Inc. (OTC:CFGX), announced today that laboratory results of
six samples of head ore taken from its distressed St. Louis Mine
tested positive for the presence of gold.
|
Sample
ID
|
Gold in
Oz/Ton
|
|
#1
|
<
0.01
|
|
#2
|
0.18
|
|
#3
|
0.12
|
|
#4
|
0.1
|
|
#5
|
0.1
|
|
#6
|
0.9
|
"Together with our fire assays and lab tests done in 1992 and
the Mineral Land Assessment (MLA) studies done in 1988 for adjacent
mines, these latest test results now make us extremely confident
that our St. Louis Mine does have gold in it," said Mr.
Paul Norat, CEO of Capital Financial
Global, Inc.
"Now that we have at least three independent sources of
verification, we will now turn our attention toward finding the
right mining strategy and raising the needed funds to bring this
mine back into production," said Mr. Norat.
The St. Louis mine is comprised
of 85.5 acres near Searchlight,
Nevada, containing five patented lode mining claims.
For more information about the mine please visit our "Investor
Center" at http://www.capfiglobal.com/investor-center/projects.
For additional information, please contact our Investor
Relations department toll free at 888-801-9715 or by emailing
ir@capfiglobal.com.
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (OTC:CFGX) is a specialty finance
company that, unlike traditional banks, helps organizations obtain
needed liquidity by using an asset-backed approach rather than a
traditional credit approach to originating new loans, buying and
selling existing loans, and by converting distressed collateral
into cash or trade-able form. The company is publicly traded on the
OTC Markets trading system under the symbol "CFGX".
Our Business Model
The Company makes money by originating new loans, buying and
selling existing loans, and by converting distressed collateral
into cash or trade-able form.
Market Segments
The market segments the Company operates in are: insurance
trusts and pension funds, residential & commercial real estate,
precious metals, and investment grade government securities. The
Company will also aggressively pursue any other opportunities that
fall within its overall strategy.
Forward-looking statements:
Statements in this press release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments, and other statements that are not
descriptions of historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking information
is inherently subject to risks and uncertainties, and actual
results could differ materially from those currently anticipated
due to a number of factors, which include but are not limited to,
risk factors inherent in doing business. Forward-looking statements
may be identified by terms such as "may," "will," "should,"
"could," "expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "forecasts," "potential," or "continue,"
or similar terms or the negative of these terms. Although we
believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements. The company has no
obligation to update these forward-looking statements.
For more information please contact:
Capital Financial Global, Inc.
Investor Relations
Tel: 888-801-9715
Email: ir@capfiglobal.com
www.capfiglobal.com
SOURCE Capital Financial Global, Inc.