May 9 2013
Entourage Metals Ltd. (the "Company") is pleased to announce it has acquired an option to earn a 100% interest in the La Liga Property located in the Whitehorse Mining District, Yukon Territory.
Previous work on the property by Inform Resources indicate the potential for high-grade silver-lead-zinc ± gold-copper discoveries over a 4km trend. The mineralization is near surface, structurally controlled, and was overlooked by previous operators. Highlights include:
- High-grade silver, lead, and zinc mineralization in outcrop at the 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 La Liga Property 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 lie to the north and west of 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). The property location is show on Figure 1.
To view Figures 1 and 2, please visit the following link: http://media3.marketwire.com/docs/emt508i.pdf.
"The enthusiasm of the members of my technical team for this new Yukon acquisition makes me believe that despite the poor market conditions this is a positive addition to our portfolio," commented Jeff Sundar, CEO of Entourage Metals.
The majority of work performed on the property to date has focused on the central Galaxy block. Multiple zones of disseminated to massive arsenopyrite, galena, sphalerite, pyrite, and pyrrhotite mineralization within fractured and intensely silicified sediments, chert, and calc-silicate skarn horizons have been identified and appear to be associated with a northwest oriented structural corridor that forms a 4km trend of mineralization that is open in all directions. Rock sampling in the area indicated the potential for high-grade silver-lead-zinc +/- gold-copper mineralization in the area (Figure 2).
Grab sample results from the Red Devil Zone include:
- 877 g/t silver, 0.843 g/t gold, 9.58% lead
- 276 g/t silver, 0.802 g/t gold, 4.06% lead
- 579 g/t silver, 0.394 g/t gold, 4.84% lead
- 1.02 g/t gold
Grab sample results from the Galactose Zone include:
- 216 g/t silver, 9.94% lead, 8.22% zinc
- 144 g/t silver, 0.72% lead, 6.02% zinc
- 125 g/t silver, 1.10% lead, 5.19% zinc
(see Inform Resources News Release dated December 8, 2011)
The Galactose and Red Devil zones occur at the northwestern and southeastern extents of a 1600m x 500m zone of strongly anomalous silver and lead in soils. Silver in soil samples range from 0.13 g/t to 22.3 g/t, averaging 1.63 g/t. Lead in soil samples range from 2.6 ppm to 995 ppm, averaging 95 ppm.
The Cottagers Prospect occurs approximately 500m north-east of the Galactose-Red Devil trend and consists of an 1800m x 300m east-west oriented zone of strongly anomalous silver and zinc in soils. The area is dominantly covered by overburden with limited bedrock exposure. Silver in soil values from the area range from 0.2 g/t to 29.3 g/t, averaging 1.11 g/t. Zinc in soil values range from 8 ppm to 554 ppm, averaging 133 ppm. The zone is open for expansion along strike to the east and west.
Three short drill holes were located in the Galactose area in the early 1980's as part of an exploration program for SEDEX style zinc-lead-silver mineralization. The drilling intercepted a small 3 foot (0.91m) section that assayed at 9.6% zinc within the third drill hole, and only a 15 foot (4.57m) section of drill core surrounding the massive sulfide interval was analyzed. However, drill logs indicate the presence of breccia and fracture controlled sulfide mineralization in all three drill holes that was not analyzed. Furthermore, the previous explorers noted silver-bearing quartz-arsenopyrite mineralization in the Red Devil area that assayed 22.6 oz/ton silver and 12.2% lead, but ignored the area because it was not SEDEX style mineralization (see Yukon Assesment Reports 091081 and 091420). These results are historic in nature from work completed prior to 2001 and NI 43-101 should not be relied upon.
Entourage is currently planning a summer exploration program for the La Liga property that will include trenching, geophysical surveys, geologic mapping, and additional prospecting.
The Agreement
Entourage Metals can earn a 100-per-cent interest in the property from a non arm's-length third party group by paying $160,000 in cash and issuing 600,000 shares over three years. Upon completion of an initial National Instrument 43-101-compliant mineral resource, Entourage will issue an additional 500,000 shares. If such estimated resources exceed 1,000,000 gold equivalent ounces 1,000,000 common shares will be issues. Inform will retain a 2% net smelter returns royalty on the Property, 1/2 (1%) of which may be purchased by Entourage at any time for $5,000,000.
Details on Entourage Metals portfolio can be reviewed at the Company's website at www.entouragemetals.com.
Source: http://www.entouragemetals.com/