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Case Financial, Inc. Receives Extension to Provide Funding for Gold Property Located on the Carlin Trend in Elko County, Nevada
CARLSBAD, Calif.-(Business Wire)-October 3, 2008 - Case Financial, Inc. (OTCBB: CSEF) today announced it has received an extension to the exploration agreement entered with Trio Gold Corp. on June 2, 2008, to explore 29 gold claims covering 547 acres (the Rodeo Creek property) located at the north end of the Carlin Trend in Elko County, Nevada.
Under the terms of the extension, Case Financial, Inc. will be required to raise One million dollars for the project by March 31, 2009, One million dollars by August 31, 2009, One million dollars by December 31, 2009 and the final One million dollars by December 31, 2010; drilling will be conducted in all phases as both reverse circulation and core drill rigs are available. Case Financial, Inc. has agreed to issue 250,000 shares of its common stock to Trio Gold Corp. as consideration for this extension.
According to Case Financial, Inc.’s CEO, Michael Schaffer, "The Carlin Trend is the most prolific gold area in North America and hosts as many as 30 gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified, including world class deposits such as Newmont Mining's Carlin mine and Barrick Gold's Meikle mine."
The Rodeo Creek property is located one mile northwest of Barrick Gold's Storm deposit and three miles northwest of Centerra Gold's Ren property, and exhibits geological and alteration features common to all deposits on the Carlin Trend; five geochemically anomalous target areas have already been identified for exploration.
More information about Case Financial, Inc. can be found on the company’s website at http://www.casefinancial.com.
This news release includes certain "forward-looking statements" (including within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934). Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the worldwide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
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