Enterayon, Inc (PINKSHEETS: ETYN) is pleased to report that a second shipment of rock chip samples sent to the lab from the High Grade showing on the Horseshoe Property assayed up to 82.12 grams (2.64 ounces) per tonne gold and 243.5 grams (7.83 ounces) per tonne silver.
These results appear to confirm results reported from a 1987 Corning Resources assessment report and BC government records that showed assays of up to 90 g/t and 86.2 grams per tonne gold respectively.
Enterayon CEO, Perry Leopold, commented, "I am extremely pleased to report that Phase I of our Horseshoe Exploration program is proceeding to a very successful conclusion, and the results thus far appear to exceed even our most optimistic expectations. While a full assessment of mineral resources on the Horseshoe Property has yet to be completed, the company is confident that the potential now exists for the discovery of significant bonanza-grade precious metal deposits."
On July 24, Enterayon reported that its Horseshoe exploration team has made considerable progress, and has discovered new bedrock and float occurrences of gold and silver mineralization. The exploration team also reported finding extensions of known mineralization on the Washington showing and mineralized float above and to the east of the Prince George showing. The Washington and Prince George showings are approximately 1.5 km northwest of the High Grade showing.
Current and past exploration indicates that the High Grade showing extends along strike for a length of approximately 1300 feet and up to over 10 feet wide. A possible extension has been discovered to the southeast of High Grade, which may add additional strike length. Three newly discovered parallel veins were also found 1000 feet below the High Grade showing.
The Horseshoe Property is located about 12 kilometers south of the town of Stewart, British Columbia, and consists of five contiguous staked claims composed of 52 units that cover approximately 1,400 hectares (3,460 acres).
Mr. Warner Gruenwald, chief geologist and principal of Geoquest Consulting Ltd, is the Qualified Person (QP) as defined by National Instrument 43-101.
About Enterayon, Inc.
Enterayon, Inc. engages in the exploration, acquisition, development, and mining of precious metal and other mineral properties. The company conducts various phases of mining, including early stage exploration, exploration drilling, development drilling, feasibility studies and permitting, construction, and operation of mining properties. Enterayon's wholly owned subsidiary, North Bay Resources, Inc., is a pure gold company whose mission is to generate 100% of its revenue from sales of gold.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Enterayon, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Enterayon, Inc. or any other person that the objective and plans of Enterayon, Inc. will be achieved.