Consolidated Royal Mines enters pure silver-play by acquiring a Coeur D'Alene mining district company.SALT LAKE CITY--(BUSINESS WIRE)--June 29, 1995--Consolidated Royal Mines Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on BB:CRYM) Thursday announced it has entered an agreement to acquire all of the outstanding shares and stock purchase rights in Celebration Mining Company, a Spokane, Wash. based, private company holding extensive silver resources on privately owned mining properties. "Royal's acquisition of Celebration positions it squarely as a high quality, pure silver play in the western U.S. and Australia," said Royal's president, Howard Crosby Howard Crosby may refer to:
Coeur d'Alene (kûrdəlān`), city (1990 pop. 24,563), seat of Kootenai co., N Idaho, near the Wash. line; inc. 1907. mining district in Idaho and the Vipont Mine in northern Utah. In addition, the company is currently drilling a large silver-lead-zinc target in eastern Australia. Royal also holds significant mining properties and royalties in the Bingham area of the Oquirrh Mountains The Oquirrh Mountains are a mountain range that run north-south for approximately 30 miles (50 km) to form the west side of Utah's Salt Lake Valley, separating it from Tooele Valley. The range stops at the south shore of the Great Salt Lake. west of Salt Lake City. Substantial mining properties were sold to Kennecott Copper Corporation during 1992 with Royal retaining production royalties ranging from 2-1/2 to 5 percent. Consolidated Royal Mines Inc. is a subsidiary of Centurion Mines Corporation (NASDAQ:CTMC CTMC Canadian Tobacco Manufacturers' Council CTMC Continuous Time Markov Chain CTMC Classical Trajectory Monte Carlo CTMC Central Texas Medical Center (San Marcos, Texas) CTMC Communication Theory Mini-Conference ). CONTACT: Consolidated Royal Mines Inc., Salt Lake City Carlos Chavez, 801/328-1642 or Celebration Mining Company, Spokane Robert Jorgensen, 509/325-3539 |
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