NEW YORK, July 12 /PRNewswire-FirstCall/ -- Capital Gold Corporation (NYSE AMEX: CGC; TSX: CGC) is pleased to announce that on June 18, 2010, the Mexican environmental protection authority, PROFEPA (Procuraduria Federal Proteccion al Ambiente), awarded a Clean Industry Certificate to one of the Company's wholly owned subsidiaries, Minera Santa Rita, in recognition of its management of the El Chanate gold mine in Sonora, Mexico.
"This Certificate is a significant milestone for the Company," stated Chairman Steve Cooper. "The certification was achieved after twenty nine months of Voluntary Environmental Audit work, which demonstrates the Company's commitment to good stewardship of the environment while complying with international and Mexican mining standards."
The Clean Industry Certificate is an acknowledgement awarded to those companies that comply with all relevant environmental regulations. The program is voluntary and recognizes companies that develop an environmental audit program. The program uses a methodological assessment of operations with respect to contamination and general risks. It requires compliance with environmental regulations and international standards and it encourages the use of the best operating and engineering practices for the preventative and corrective measures necessary to protect the environment.
The attainment and maintenance of the Clean Industry Certificate, which is presented for a two-year period, is one of Capital Gold's internal requirements for its Mexican operations.
About Capital Gold
Capital Gold Corporation (CGC) is a gold production and exploration company. Through its Mexican subsidiaries and affiliates, it owns 100% of the "El Chanate" gold mine located near the town of Caborca in Sonora, Mexico. It also owns and leases mineral concessions near the town of Saric, also in Sonora, that are undergoing preliminary exploration for gold and silver mineralization. Additional information about Capital Gold and the El Chanate Gold Mine is available on the Company's website, http://www.capitalgoldcorp.com/.
Statements in this press release, other than statements of historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward- looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, some of which are described below. Such forward- looking statements include comments regarding a national stock exchange listing and future growth of the company. Factors that could cause actual results to differ materially include timing of and unexpected events during construction, expansion and start-up; variations in ore grade, strip ratio, tonnes mined, crushed or milled; delay or failure to receive board, national exchange or government approvals; the availability of adequate water supplies; mining or processing issues, and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management.
Any forecasts contained in this press release constitute management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release.
Additional information concerning certain risks and uncertainties that could cause actual, results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the past 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.
Capital Gold Corporation
CONTACT: Kelly Cody, Investor Relations Manager, Capital Gold
Corporation, +1-212-344-2785, or Fax: +1-212-344-4537,
kelly@capitalgoldcorp.com
Web Site: http://www.capitalgoldcorp.com/
