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.
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