Elkhorn never acquired Treminco's Mexican assets in that they were vended to Legend Resources Inc. prior to name change.
Elkhorn Gold Mining Corp. ECG (TSE)
Changed name from Treminco Resources Ltd. on 24Feb99 with no consolidation of capital. Since Treminco had previously sold their Mexican assets to Legend Resources Inc., it appears that all efforts was focused in putting the 100% owned Elkhorn Property, Jefferson County, Montana into production.
GCN #38 24Feb99
(NOTE: Eldorado Gold Corp held a 14% interest in Treminco) Eldorado evaluated the Magistral Property under 70% earn-in option. After a 1996 program of IP, EM and soil sampling which identified several anomalies, Eldorado renegotiated deal returning 100% back to Treminco with certain stipulations, reimbursements and back-in options.
El Magistral Cu-Au-Ag-Co property, Sinaloa. Reached agreement with Legend Resources Inc. in August, 1998 for Legend to acquire 100% of outstanding shares of Minera Treminco S.A. de C.V. whose principal asset is Magistral. As of mid-January, 1999 the sale of this asset is now complete. The 800 ha. (8.2 sq mi.) property is located 16 km SE of Cosala around 140 km NE of Mazatlan. (NOTE: this qtz-tour-Cu breccia pipe is a different property than Santa Cruz Gold Inc's El Magistral in northern Sinaloa). 5000 ft of trenching completed and between 30 and 110 m of Cu at grades between 0.61% and 1.07% was encountered in at least four trenches. Deposit is a quartz-tourmaline breccia possibly related to a very high levels of a Cu-porphyry system. Drilling started in Dec, 1996 and was recently completed. 7 holes totaling 1247m test the extent of Cu mineralization in the core area at a budget of US$200,000.
GCN #11 18Jan99
GCN #227 26Nov98
GCN #200 19Oct98
GCN #149 5Aug98
GCN #25 5Feb97 (interpretive drill section)