U.S ROUNDUP — Centurion terminates joint venture

A legal dispute was recently settled between Centurion Mines (NASDAQ) and Crown Resources (NASDAQ) relating to the Kings Canyon property in Utah.

A joint venture was also terminated between the companies. Centurion’s previous 40% working interest in the 95,000-acre property was converted to a 4% gross royalty on gold and silver production (to be taken in the form of metal), plus a 4% net smelter return on all other metals. Crown assumed all obligations on the property, and also paid Centurion US$120,000 cash.