Entourage Mining earns stake at Brazilian gold project

Junior explorer Entourage Mining announced it has earned a 40% interest in the Pires gold property in the Brazilian state of Goiás by paying US$ 300,000 to its current owners. The dealis part of an agreement signed last year, which also states that the company has a four-year option to acquire 100% of the project. The exploration program held by Entourage at the area has returned numerous gold-rich rock and soil samples, with some of them grading more than 28 grams per ton. Several multi-element mineralization style areas have been encountered on the Pires property too, with minerals such as cobalt, vanadium and manganese.

Four drill holes were conduced last April, and Entourage is awaiting the results. The Pires property covers an area of more than 12,000 hectares and lies 90 kilometers away from the Kinross’ Paracatu gold mine.