U.S. REPORT Visible gold at Big Horn

A recent hole drilled by Centurion Gold (NASDAQ) on the Big Horn gold project returned a 27-ft. intersection grading 0.46 oz. gold per ton.

Owned 100% by Centurion, the Big Horn property is in the San Gabriel Mountains of southern California.

The company said the hole returned many core samples with native gold showing, including a 6.5-ft. sample assaying 1.45 oz. gold per ton which showed visible particles of native gold over the entire length of the sample.

A new 400-ft. tunnel is being started to provide access for a new drill station where holes will be drilled to offset hole 40 which assayed 0.64 oz. gold over 24.2 ft., and hole 47 which assayed 0.11 oz. gold over 38 ft. These results are actual drill hole length and the assays are uncut.

Centurion plans to merge with an associated company, U.S. Precious Metals (NASDAQ).

U.S. Precious Metals owns 40% of the U.S. Nevada Gold Search Joint Venture, which in turn owns 19,000 acres of mining claims near Beatty, Nev. As exploration manager for the joint venture, U.S. Precious Metals plans to drill about 10,000 ft. to test targets outlined during the 1990 exploration program. The joint venture includes a small heap leach mine which produced 3,327 oz. gold during the 1991 first quarter. Production during the second quarter is expected to be significantly less.