Additional results were released by Centurion Gold (NASDAQ) from recent drilling on its 100% owned Big Horn gold property in southern California.
Hole 91-5 intersected 15.1 ft. grading 0.36 oz. gold while hole 91-6 returned 15.5 ft. of 0.23 oz. gold per ton. These results are uncut and represent actual drill hole length.
Previously released results from this year’s drill program at the Big Horn project are: 110 ft. grading 0.12 oz. gold and 83 ft. of 0.32 oz. gold per ton.
In other news, Centurion announced that it has signed a definitive amalgamation agreement with U.S. Precious Metals (NASDAQ). The proposed ratio of exchange between the two companies is one share of Centurion for 1.5 shares of U.S. Precious Metals. The surviving entity will be called Siskon Gold Corp.
A financial fairness opinion is being sought, and it is expected that regulatory and shareholder approvals will be obtained to effect the merger by July of this year. Centurion has 12 mineral properties in the western U.S. (including Big Horn). U.S. Precious Metals’ key asset is a 40% interest in the U.S. Nevada Gold Search joint venture which operates a small, open pit gold mine in Nevada.
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