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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!
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To: seeker1 who wrote (1151)6/2/1999 4:17:00 PM
From: Donald McRobb  Read Replies (1) of 1348
 
United Keno appoints new president

United Keno Hill Mines Ltd UKH
Shares issued 35,964,954 Jun 1 close $0.145
Wed 2 Jun 99 News Release
Mr. Gerald Gauthier reports
Gerald J. Gauthier has been appointed president and chief executive officer
and director of the company and Paul A. Carroll, QC, has been appointed a
director of the company to replace Edward A. Yurkowski, who has resigned.
Mr. Gauthier is a mining engineer with 30 years of experience mining
underground vein deposits in North America. He has held a number of senior
executive positions and brings to the company the technical and executive
experience which will ensure efficient mining operations when production is
resumed at the company's silver-lead-zinc mines in Central Yukon.
Mr. Carroll is a prominent Toronto resource and corporate lawyer who has
held a number of executive and board positions in the Canadian mining
industry. His appointment will add valuable depth and experience to the
board.
The company continues to seek the project and working capital financing
necessary to complete preproduction rehabilitation and development of the
Elsa properties and resume mining operations. Capital requirements are
estimated at $18-million. Preproduction activities are expected to last
five months, following which mining and milling is planned at a rate of 500
tons per day, resulting in annual production of approximately six million
ounces of silver, 35 million pounds of lead and 17 million pounds of zinc
at a cash cost of approximately $3.25 (U.S.) per ounce of silver.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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