VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jul 10, 2013) –
Entourage Metals Ltd. (TSX VENTURE:EMT)(the ”
Company“) is pleased to announce that exploration
is underway at the La Liga silver project. Work will focus on
high-grade silver plus lead-zinc mineralization at the Red Devil
and Galactose zones and will consist of detailed geologic mapping,
prospecting, and mechanical trenching. Approximately 1,500 meters
of trenching is planned.
Previous work on the property identified multiple structurally
controlled, epigenetic silver-rich prospects and coincident
polymetallic soil anomalies over a four kilometer trend.
Highlights include:
-
High-grade grab samples of silver, lead, and zinc
mineralization in outcrop at Red Devil (up to 877 g/t silver and
9.58% lead) and Galactose zones (up to 216 g/t silver, 9.94% lead,
and 8.22% zinc) -
Two, kilometer-scale, silver in soil anomalies (up to 29.3
g/t silver in soils) -
Large land position with limited modern
exploration
The Galactose and Red Devil Zones occur at the northwestern and
southeastern limits of a 1600m x 500m zone of strongly anomalous
silver and lead in soils, and consists of disseminated to massive
sulfide mineralization associated with strongly altered and
fractured clastic sediments, chert, and calc-silicate skarns.
Entourage has an option to earn a 100% interest in the La Liga
Property which is located approximately 70km north of the town of
Faro, and consists of 2,965 quartz mining claims covering 59,799
hectares over four blocks. The properties adjoin Silver Range
Resources Ltd.’s flagship project, which announced a maiden
inferred resource estimate of 38.7 million ounces of silver, 675
million pounds of zinc, 228 million pounds of lead, and 131 million
pounds of copper at the Keg Deposit in late 2012 (see Silver Range
news release dated Nov. 20, 2012).
All rock grab, chip, and trench samples for the 2013 program
will be submitted to Acme Analytical Laboratories for analysis. A
sample quality control/assurance program utilizing standards and
blanks, as well as third-party laboratory checks is also in
place.
Geological and geophysical maps from La Liga with rock and soil
sample results, as well as details on Entourage Metals portfolio
can be reviewed at the Company’s website at
www.entouragemetals.com.
Entourage’s exploration activity in the Yukon Territory is under
the supervision of Jodie L. Gibson, P.Geo, Senior Geologist and
consultant to the Company. Mr. Gibson is a Qualified Person as
defined by NI 43-101. Mr. Gibson prepared and approved the
information contained in this release.
The company also reports that the cash payments required to be
paid by the Company in 2013 under the Company’s option agreements
for its Odin Copper Gold Property have been reduced. The cash
payment required to be paid under the Applehead agreement has been
reduced from $15,000 to $11,500, in exchange for the issuance by
the Company of 40,000 additional common shares. The cash payment
required to be paid under the Rob Schindel agreement has been
reduced from $10,000 to $5,000, in exchange for the issuance by the
Company of 60,000 additional common shares.
Share issuances are subject to receipt by the Company of the
approval of the TSX Venture Exchange.
Entourage Metals is a generative exploration Company with gold,
silver and copper properties located adjacent to Hemlo Mines,
Colorado Resources North ROK Discovery and IAMGold’s Cote Lake
Deposit.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Certain disclosure in this release, including statements
regarding the intended use of proceeds from the private placement,
constitute forward-looking information or statements (collectively,
“forward-looking statements”) for the purpose of applicable
securities laws. In making the forward-looking statements, the
Company has applied certain factors and assumptions that are based
on the Company’s current beliefs as well as assumptions made by and
information currently available to the Company, including that the
Company is able to obtain any government or other regulatory
approvals required to complete the Company’s planned exploration
and development activities, that the Company is able to procure
personnel, equipment and supplies required for its exploration and
development activities in sufficient quantities and on a timely
basis and that actual results of exploration activities are
consistent with management’s expectations. Although the Company
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous
risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in
such forward-looking statements. Such risk factors include, among
others, that the Company will be unable to obtain required
regulatory approvals on a timely basis or at all, that actual
results of the Company’s exploration activities will be different
than those expected by management and that the Company will be
unable to obtain or will experience delays in obtaining any
required government approvals or be unable to procure required
equipment and supplies in sufficient quantities and on a timely
basis. Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
law.
Entourage Metals Ltd.
Jeff Sundar
President
604-484-7855
js@entouragemetals.com
www.entouragemetals.com