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Entourage Metals Samples up to 9.23 g/t Gold, Identifies Strong Alteration Trends on October Gold Property, Swayze Greenstone Belt, Ontario
12 hours 38 minutes ago - Marketwire via Comtex
http://finance.yahoo.com/news/entourage-metals-samples-9-23-143000701.html
Entourage Metals Ltd. (TSX VENTURE: EMT) is pleased to report the results from initial surface sampling at its 100%-owned October Gold property. Previously, three coincident geochemical, geophysical and gold-in-till indicators were identified which warranted further work including the most recent surface sampling. Of the 251 grab samples collected, 10 samples ranging from 40 ppb to 9,230 ppb Au were identified. The highest grab sample, collected along a sub-parallel structure to the deformation zone, yielded 9.23 g/t Au was discovered within a highly-altered, quartz-carbonate, replacement zone measuring approximately 3.0 meters in width along a yet undetermined strike length. This historical occurrence was previously known as the Woman River Prospect.
Lithogeochemical sampling across the main deformational zone that transects the Property revealed intriguing anomalies including a well-defined, broad zone of albite alteration with an alkaline feldspar core through the center of the claim group. This alteration correlates well with the interpreted gravity breaks delineated by gravimetrics conducted in 2011 and suggests hydrothermal fluid movement along this deformation zone was significant--similar alteration halos near deformational zones are often found to be proximal to gold deposits. This defined alteration cell further enhances the validity of these various geochemical/geophysical anomalies as sites for gold deposition. In addition, pathfinder elements defined a fluid mixing boundary between oxidized fluids and reduced fluids within this alteration which also lends support for possible gold precipitation along this trend (Images of these relationships can be viewed at the Company's website www.entouragemetals.com).
Entourage's 203-square kilometer October Gold Property is located in the underexplored Southern Swayze Greenstone Belt near Benton Township, Ontario. Located within the Abitibi Greenstone Belt the property straddles a portion of the Ridout Deformation Zone, considered to be the western extension of the Cadillac-Larder Lake Deformation Zone (the Kirkland Lake Deposits and Kerr Addison-Chesterville gold deposits associated with the Cadillac-Larder Lake Deformation Zone have historic production exceeding 49 million ounces of gold). The Ridout Deformation Zone hosts recently discovered IAMGOLD's Cote Lake Gold Deposit (Indicated Resource of 3.56 million ounces of gold; and Inferred Resource of 4.66 million ounces of gold) (see IAMGOLD's Press Release 04-10-2012) and recently discovered Probe Mine's Borden Gold Deposit (Indicated Resource of 3.68 million ounces of gold; Inferred Resources of 625,000 ounces of gold)(see Probe Mines Press Release 01-15-2013). Entourage's claims are centered between the two recent discoveries; approximately 35 km northwest of the Cote Lake Deposit and 50 km southeast of the Borden Gold Deposit.
Option Agreements Amended
Entourage also reports that the cash payments required to be paid by the Company in 2013 under the Company's option agreements for its Valley Lake / Spruce Bay and Smoke Lake projects have been reduced. The cash payment required to be paid by December 31, 2013 under the Valley Lake / Spruce Bay option agreement has been reduced from $40,000 to approximately $7,795, in exchange for the issuance by the Company of 50,000 common shares.
The cash payment required to be paid by under the Black Raven option agreement has been reduced from $40,000 to $20,000, in exchange for the issuance by the Company of 125,000 common shares. The share issuances are subject to receipt by the Company of the approval of the TSX Venture Exchange.
Entourage's exploration activity is under the supervision of John C. Florek, P.Geo, Vice-President Exploration for Entourage Metals. Mr. Florek is a Qualified Persons as defined by NI 43-101. Mr. Florek prepared and approved the information contained in this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeff Sundar, President and Director
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.
Contacts:
Entourage Metals Ltd.
Alex Horsley
Manager, Investor Relations
604-484-7855
604-484-7155 (FAX)
ah@entouragemetals.com
www.entouragemetals.com
SOURCE: Entourage Metals Ltd.
mailto:ah@entouragemetals.com
http://www.entouragemetals.com
aye there laddies
traded t`day
but Ameritrade insists on refusing a quote
Maybe some big shooter bought too much saskachewan swamp land or 'moose pasture'
SECURITY DELETIONS SEC Rule 15c2-11
Dl Date Symbol Company Name Date/Comments
3/1/2011 ENMGF Entourage Mining Ltd. Ordinary Shares (Canada)
Effective 3/1/2011
Ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11
Can some explain why the nice pop in price and volume today?
Mary,
I believe the exchange will take up listing approval or delay on Wednesday March 30. I hope it will be positive and with no show stoppers. My understanding it could be a go for listing then.
Doug
Thanks for the reply Doug.
I agree it looks like a pretty fair prospect.
Mary
Something about Mary,
I follow daily and can tell you that approval to TSX is very
close. There where some delays as additional requested info
from geologist was requested and required another field trip to property in Brazil. Should be approved this month as all info is
now with the exchange. Waiting on a decision.Good prospect in my opinion.
Doug
I'm new to Entourage.
Are they still trying to list on the TSX....what is the new timeframe as I assume they did not meet the Q3-Q4 2010 goal?
An expected funds raiser must be in the works. Any comments?
Trying to catch up to the rest of you...
TIA
Mary
Current Share Structure and Valuation
-Common Shares Outstanding (08/31/2010): 10.27mm (basic)
-Common Shares Outstanding (diluted): 13.05mm
-Current Market Capitalization @$0.20/share: $2.54 million
-Reporting Status: Fully reporting
-Symbol: ENMGF (OTCBB)
-TSX Listing in Q3-Q4 (2010 )
Current Share Structure and Valuation
?Common Shares Outstanding (08/31/2010): 10.27mm (basic)
?Common Shares Outstanding (diluted): 13.05mm
?Current Market Capitalization @$0.20/share: $2.54 million
?Reporting Status: Fully reporting
?Symbol: ENMGF (OTCBB)
?TSX Listing in Q3-Q4 (2010 )
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2010
Commission File Number: 000-50305
ENTOURAGE MINING LTD.
(Translation of registrant's name into English)
614 - 475 Howe Street
Vancouver, B.C. Canada V6C 2B3
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
[ X ] Form 20-F [ ] Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [ X ]
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _________
--------------------------------------------------------------------------------
SUBMITTED HEREWITH
Exhibits
99.1 News Release dated October 22, 2010
--------------------------------------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Entourage Mining Ltd.
(Registrant)
Date: October 22, 2010 By: /s/ Greg Kennedy
--------------------------------------------------------------------------------
Greg Kennedy
Title: President
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
E ntourage M ining L td.
A Mineral Exploration Company
Suite 614-475 Howe Street, Vancouver BC V6C2B3
OTCBB: ENMGF
Entourage Appoints Turner as a Director
Vancouver British Columbia, October 22, 2010: Entourage Mining Ltd. (“Entourage” or the “Company”) (OTCBB: ENMGF) is pleased to announce that Mr. James A. Turner has been appointed a director of the Company. Mr. Turner is a Professional Geologist and is a member of the Association of Professional Engineers and Geoscientists of British Columbia.
As well, Mr. Michael Hart has resigned as a director of the Company to attend to personal matters.
On Behalf of the Board,
“Gregory Kennedy”
Gregory Kennedy
President
Forward Looking Statements
Except for historical information contained herein, the statements in this Press Release may be forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Entourage Mining Ltd.’s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Entourage Mining Ltd.’s operations. These and other risks are described in the Company’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.
Telephone: 604-669-4367 Email: info@entouragemining.com Facsimile: 604-669-4368
Doran Uranium Property
Entourage Mining Ltd. (OTCBB:ETGMF) has entered into an option agreement to acquire a 100% undivided beneficial right, title and interest in 44 mineral claims known as the Doran Uranium Deposit situated in southeast Quebec approximately 85 kilometers east of Havre St. Pierre in the Baie Johan Beetz area of Costebelle Township. The claims encompass approximately 24.73 sq. km.
Previous work on the Doran East Centre target where three holes were drilled 14 feet apart with cores returning values of 6.4, 6.4 and 9.2 Lbs. Per ton U3 O8.Airborne Magnetic and Radiometric Survey
View the map
Technical Report
View the 43-101 Report in PDF format
Property Report
View the Property Report in PDF format
Doran (North) Trench Samples
View the Doran (North) Trench Samples in PDF format
Doran Phase II drilling results - Best drill hole intervals in U3O8 and ThO2 for 2007
View the Doran L Anomaly in PDF format
View the Doran N, X, Y Anomalies in PDF format
The Pires Gold Project consists of 5 mineral licenses covering more than 21,000 acres located 2.5 hours drive from Brasilia and about 1 hour outside of the small city of Pires do Rio, Goiás State. The property is rectangular in shape and is approximately 8 miles long and 1.5 miles wide.
As well, the property is proximal to highways, hydroelectric, water and major towns. Pires is 55 miles due west of Kinross Gold Corp.'s "Paracatu Mine", the largest goldmine in South America.
The Pires property is located on the savannah (cerrado) with scattered farms with soy crops and/or cattle grazing. The Company has secured permission to explore and drill for gold on the licenses.
The Pires Property covers sericite schist, chlorite schist and quartzites that have been intensely weathered under oxidizing tropical conditions. Metamorphic foliation of the schists and quartzites dips mainly to the west, and appears to be tightly folded. These metamorphic rocks belong to the Brasilia Belt, a region where terrains from the west have been thrust eastward over the ancient (Archean) Sao Francisco craton. (The Paracatu Mine is also situated in this craton).
The Pires Property hosts gold-rich rock samples occurring as float and quartz veins in schists. The high-grade float samples occur in a well-defined linear north-northeast trend extending more than 8 miles (13 km) at the surface. The property has never been drilled and presents a possible drill-ready opportunity for discovery.
Pires Samples (NO 43-101 Compliant Report has been completed on the Pires Property)
A Company geologist visited the property and took 34 "dfloat and "outcrop" samples from the property. Of the 12 samples tested by Acme Laboratories, most were float rocks comprising quartz with minor sulphides; in several cases the sampled quartz veins were in-place. Two of the 12 samples yielded in excess of 2/3 oz./t gold from fire assay (see attached ACME data certificate), as well, 4 of the samples yielded>1/3oz/t, and overall 10 out of the 12 samples yielded more than 1.0 gram/tonne1 gold. (Anomalous)
The sample results (22 samples) analyzed at SGS Geosol (Brazil) returned similar and higher gold values; sample HOC-09-P003W returned 1.75 oz/t (54.7 grams/t) and 6 of the 22 samples assayed returned > 1/3oz/t. and 8 of 22 samples returned trace values of gold.
There are distinct occurrences of gold in three areas of the Pires project with high gold values in the north ("Garimpo") and the southernmost portions of the property.
While early-stage precious metals exploration and development companies rarely make the news, in this case, Entourage Mining grabbed our attention due to its announcement this morning which indicates a half-ounce per-tonne gold deposit on the Company's Pires Property, which is only 50 miles from Kinross Gold Corp Paracatu Gold Mine, an 18 million ounce deposit which produced 354,396 ounces of gold in 2009 through low-cost carbon-in-leach processing.
Entourage's Pires Property has shown indications across its entire span of claims of mineable gold as the geologic trends appear to echo that of the Paracatu Mine. In its second phase drilling program ENMGF is attempting to validate that, which is drawing investor interest in the Company, according to its spokesperson. A Power Point presentation on the company's website details its phase one sampling and reveals Entourage Mining's initial application for listing on the TSX Venture exchange, no doubt a precursor to the Canadian mining company's financing plans. Those plans call for a $750,000 to $1 million capital raise, as outlined in that PPT.
As junior gold exploration mining companies race to develop their claims, Entourage Mining is poised to potentially develop its Central Brazilian gold property into a low-cost producer, if the geology proves similar to Kinross' Paracatu mine, though a distinct advantage may lie in Entourage having one of Canada's top geologists on board -- Harrison Cookenboo, Ph D, P. Geo. -- a qualified geologist with the firm of Watts, Griffis and McOuat with 25 years experience in gold exploration projects in Brazil and North America.
Share Structure
Market Value1 $1,454,528 a/o Oct 26, 2010
Shares Outstanding 9,696,855 a/o May 03, 2010
Float N/A
Authorized Shares N/A
Par Value N/A
Once they produce their gold watch the revenues !!!
CORRECTION: Entourage Mining Ltd. Updates Technical Report on Pires and Prepares for Second Phase of Exploration
Date : 10/27/2010 @ 1:59PM
Source : MarketWire << Back
CORRECTION: Entourage Mining Ltd. Updates Technical Report on Pires and Prepares for Second Phase of Exploration
The news release issued on Oct. 27, 2010 at 9:43 am ET contained the wrong stock symbol. The symbol has been corrected in the following news release:
Entourage Mining Ltd. ("Entourage" or the "Company") (OTCBB: ENMGF) reports that the Company has received an updated National Instrument 43-101 Technical Report on the Pires Gold Project situated in Goias State, Central Brazil. The report includes recommendation to drill up to 21 diamond drill holes on a minimum of four separate areas including the Point 1, Gold-Cobalt, Cobalt-Manganese and the Garimpo (artisanal mining area) areas of the property.
The report provides an overview of the spring 2010 drilling campaign (previous Phase One) and indicates a new two-phased program of exploration. The recommended Phase 1 exploration program, from the report, will integrate property-wide geological mapping and airborne geophysics, leading to target definition programs. The geological mapping will increase detail in the existing general map of structure across the property.
The target definition will include additional hand-trenching, surface sampling, and where appropriate, ground magnetic surveys. These target evaluations are intended to lead to optimized drill collar locations, for the drill program which will be the focus of Phase 2.
As well, drill locations will be determined by the previous ground samples which have yielded significant gold values. For example, a drill hole will be collared in the Garimpo area proximal to sample HOC 09-18 which yielded 24.97 grams/tonne (g/t) (0.8 oz/tonne). A total of 10 holes will be collared in the Garimpo area and an additional 10-13 holes will test the Point 1 area to the south and the gold cobalt and cobalt manganese areas of the central area of the property. Extensive sampling of the property has yielded samples carrying more than 50g/t Au (gold) from south of the Point 1 area (south end of the property) to the near north end of the property a distance of 14.6 km (9 miles).
Entourage President, Gregory Kennedy states: "The Company is encouraged with the recommendations of the authors of the 43-101 report. These two phases of exploration should better define the types of mineralization present on the Pires property. Since previous exploration has indicated high values of gold samples, this two-phased program will give the Company a more comprehensive overview of the large Pires property."
Harrison Cookenboo, Ph D, P. Geo, co-author of the technical report and a qualified person, has reviewed the technical aspects of this news release.
On Behalf of the Board
Gregory F. Kennedy, President
Forward Looking Statement
Except for historical information contained herein, the statements in this press release may be forward looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Entourage Mining Ltd.'s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Entourage Mining Ltd.'s operations. These and other risks are described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.
Contacts:
Entourage Mining Ltd.
Gregory F. Kennedy
President
604-669-4367
604-669-4368 (FAX)
info@entouragemining.com
www.entouragemining.com
AXcess News: Entourage Mining Gears Up for Expansion
Date : 10/27/2010 @ 1:56PM
Source : MarketWire
<< Back
AXcess News: Entourage Mining Gears Up for Expansion
Vancouver-based Entourage Mining Ltd. (OTCBB: ENMGF) is gearing up for expansion of its exploration program at its Central Brazil gold property, having filed a 43-101 report which was announced Wednesday. A Company spokesperson revealed that listing on the TSX Venture exchange is imminent, suggesting a financing may be in the works.
In a news release issued this morning, Entourage Mining President Gregory Kennedy was quoted as saying the next phase of exploration "will give the Company a more comprehensive overview of the large Pires property."
While early-stage precious metals exploration and development companies rarely make the news, in this case, Entourage Mining grabbed our attention due to its announcement this morning which indicates a half-ounce per-tonne gold deposit on the Company's Pires Property, which is only 50 miles from Kinross Gold Corp Paracatu Gold Mine, an 18 million ounce deposit which produced 354,396 ounces of gold in 2009 through low-cost carbon-in-leach processing.
Entourage's Pires Property has shown indications across its entire span of claims of mineable gold as the geologic trends appear to echo that of the Paracatu Mine. In its second phase drilling program ENMGF is attempting to validate that, which is drawing investor interest in the Company, according to its spokesperson. A Power Point presentation on the company's website details its phase one sampling and reveals Entourage Mining's initial application for listing on the TSX Venture exchange, no doubt a precursor to the Canadian mining company's financing plans. Those plans call for a $750,000 to $1 million capital raise, as outlined in that PPT.
As junior gold exploration mining companies race to develop their claims, Entourage Mining is poised to potentially develop its Central Brazilian gold property into a low-cost producer, if the geology proves similar to Kinross' Paracatu mine, though a distinct advantage may lie in Entourage having one of Canada's top geologists on board -- Harrison Cookenboo, Ph D, P. Geo. -- a qualified geologist with the firm of Watts, Griffis and McOuat with 25 years experience in gold exploration projects in Brazil and North America.
Note to Editors: "News Features" are stories provided to publishers copyright-free for print or online display at no charge. All we ask is that publishers include our byline (AXcess News) as the source, or if online, link to our Web site: http://www.axcessnews.com. If you are interested in displaying our news on a regular basis, please contact our editorial department at: 775-461-0362 or editor@axcessnews.com.
Contact:
AXcess News
Email Contact
775-461-0362
Gold is thru-the-roof.
Where's our booty -
mattee'
e
=======================================================================
Re: News Releases - Wednesday, April 07, 2010
Entourage Mining Provides Brazil Update, Commences Drilling
=======================================================================
Vancouver British Columbia, April 7, 2010: Entourage Mining Ltd
("Entourage" or the "Company") (OTC:BB: ENMGF) is pleased to report on
its continuing gold exploration program at the Pires Property, in
southern Goiás State, Brazil. The Pires Property comprises 6 mineral
licenses; as a result of the encouraging findings, the company has
staked nearly 8000 additional contiguous hectares in 4 new
applications, for which Entourage has an option to acquire a 100%
interest. The total Pires package now contains over 12,000 hectares.
The Company's exploration program has returned numerous gold-rich rock
and soil samples, including 15 with gold contents between 28.30 and
404.95 g/t gold (see News Release dated February 18, 2010).
The exploration program has identified several target areas across the
property over a nearly 15 kilometre trend length where quartz veins
carrying gold have been traced into bedrock. Sampling and ongoing
geologic mapping in these areas have defined drill targets. Recently,
89 new sample results were received from Intertek Laboratory in Belo
Horizonte, Brazil, and ACME Analytical Laboratory in Vancouver Canada.
The 6 highest gold ("Au") values in these new sample results are:
202.59 g/t Au, 116.53 g/t Au, 49.40 g/t Au, 35.60 g/t Au, 21.70 g/t Au,
and 18.00 g/t Au. Twenty-three (23) more of these 89 new samples
yield results between 1.30 g/t Au and 17.50 g/t Au. All samples were
completed by 50 gram fire assay.
Notably, the 202.59 g/t and 116.53 g/t gold values are from a single
hand sample, which contained visible gold. The part of this sample
with visible gold was not analyzed, but retained for reference.
Another group of 210 samples has been sent to the lab and those results
are pending.
Continuing surface sampling and hand trenches have defined preliminary
drill targets on the property. The drill rig is being mobilized to the
property for the first drill program that is designed to test extension
of the gold rich veins, as well as sulphide and gold content of the
fresh country rock. The program will total up to 1000 m and drilling
commenced on April 6th.
Ansell Capital Corp ("Ansell"), as part of its due diligence
commitment is spending US$200,000 on the Pires Property as outlined in
the Company's February 18, 2010 Letter of Intent. (see news release
dated February 18, 2010).
A 43-101 Technical Report on the Pires property is available on the
Company website at www.entouragemining.com. Harrison Cookenboo Ph.D
and P.Geo and a 'qualified person' as that term is defined in National
Instrument 43-101 has reviewed the technical data in this news release
and approves the release of technical information described herein.
For more information please call 604-669-4368 or visit our website.
ON BEHALF OF THE BOARD OF DIRECTORS
"Gregory Kennedy"
Gregory F Kennedy
President
Forward-Looking Statements:
Except for historical information contained herein, the statements in
this Press Release may be forward-looking statements. Forward-looking
statements involve known and unknown risks and uncertainties, which may
cause Entourage Mining Ltd.'s actual results in future periods to
differ materially from forecasted results. These risks and
uncertainties include, among other things, volatility of commodity
prices, product demand, market competition, and risks inherent in
Entourage Mining Ltd.'s operations. These and other risks are described
in the Company's Annual Report on Form 20-F and other filings with the
Securities and Exchange Commission.
=======================================================================
Copyright (c) 2010 ENTOURAGE MINING LTD. (ETGMF) All rights reserved.
For more information visit our website at
http://www.entouragemining.com/ or send mailto:info@entouragemining.com
=======================================================================
It means the company has not updated how many shares are outstanding.
How can the float be higher than the outstanding shares,
that's impossible isn't it???
7.2 million outstanding vs. 7.6 million floating
What does that mean???
got to love people who iggy useful advice. Doomed to failure.
It's not an attitude, it was good advice. If you own a penny stock over three weeks you've screwed up.
I read through your year and a half with your aquagold, you are totally screwed there. You bought high, and watched it tank. You even responded to people who said no one owned it over four cents, and your cost was NINE CENTS.
You can do whatever you wish, I'm just pointing out that you don't seem to know what you're doing and thusly, your advice is rather moot.
Now what I'm most curious about is, why would Craig Doctor be calling you directly? I've never had a PR guy call me and I've owned huge positions in stocks. What makes you so special?
P.S. to brag that both of your stocks tanked is probably not the most endearing trait you probably possess. Tell us something useful, like your age.
what the heck are you talking about...what is with the attitude.......I own two stocks with boards on Ihub....both tanked...and if I want to buy and hold that is my priviledge...you dont loose the money until you sell....so buy long and hold..
shareholders..
BTW, you do know there's a rule on Ihub about disclosure, right? If you're not getting paid, then you have no business investing in penny stocks. Just looked at your history on Aquagold....
Posted by: beckins Date: Tuesday, February 05, 2008 8:39:26 AM
In reply to: sidesh0wb0b who wrote msg# 37868 Post # of 80542
best of luck to all...I dont want to see .05 but it sure would be nice to double up and average down...I bought in at .09 and then more at .15...sold half and now loosing my shirt. lol!!!! Its all the time frame the wait and them following thru with what they said they are doing
BTW, I'm guessing you're a woman? Just curious.
Who is this "we" you speak of?
We will wait and read to the PR and 8K to determine if this could be considered detrimental or to our disadvantage...to early to debate now..we wait..
Considering most private placements of these things are PIPES, I'd doubt it's a good thing. Just another way to give out shares to whomever.
I just brought the tea leaves, I dont read em....but I would read any influx of cash into this a postive thing...especially if followed very shortly with reports of progress and income...anything better than setting in the basement like for the last two years...
A private placement is a good thing here? Explain.
out of the blue I get a call yesterday from Craig, who I have not heard from for like 2 years...lol!!!
I was surprised and pleased by the call. He called to let me personally know as a shareholder that there is daylight at the end of the tunnel and not the CMKX train any longer....
There is news coming by the end of the month, a private placement, investors are evidentally finding interest in ENMGF and their new gold mining venture.
Further stated to hold on as fall approaches he expects several announcements of aggressive exploration and marketing program relating to Pires Gold Project.
I asked him when were we gunna do a forward split so I could get my shares back...he didnt see that happening, but I had to ring his bell on it anyway..so there ya go for what it is worth...guess we will wait a little longer to see if the proof will be in the pudding...