Treminco Resources Ltd -
Treminco to change name; board changes
Treminco Resources Ltd
TMO
Shares issued 16,289,532
1999-02-19 close $0.23
Monday Feb 22 1999
Mr. David Hottman reports
Treminco has changed its name to Elkhorn Gold Mining Corporation to more
accurately reflect the business of the company. The common shares of the
company will commence trading on the Toronto Stock Exchange under the name
Elkhorn Gold Mining Corporation at the opening of business on Feb. 24, 1999
under the stock symbol EGC. There is no consolidation or subdivision of capital
associated with the name change. The transfer agent for the company's shares
remains CREC Mellon Trust.
The name change reflects the company's focus on its 100 per cent owned Elkhorn
property in Jefferson County, Mont. The Elkhorn project has a total resource of in
excess of one million ounces of gold and 19 untested, drill-ready exploration
targets. State approval has been received to commence a 9,200 ton bulk sample
containing approximately 10,000 ounces of gold. After the initial balk sample, the
company plans to proceed with work recommended in the MRDI Canada
prefeasibility study, which indicates a 6.5-year mine life for the Elkhorn project,
which, at commercial production levels, will produce 52,000 ounces of gold per
year at an average cash cost of $192 (U.S.) per ounce.
In other corporate developments, Roland Trenaman, chairman, did not stand for
re-election at the company's annual general meeting held on Jan. 21, 1999 in
order to concentrate on other business ventures.
Re-elected to the company's board of directors are David Hottman (assuming the
role of chairman), Gary Nordin and Robert Trenaman. Joining the board is Frank
Wheatley, a lawyer with 15 years of experience with public companies involved in
international mineral exploration, development and production, most recently with
Eldorado Gold Corporation as vice-president, legal affairs. Frank has extensive
experience in corporate acquisitions, mergers and equity and debt financings for
international mining companies.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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