Lundin says buy Entourage Metals
2012-04-27 21:30 ET - In the News
Brien Lundin, in the April, 2012, edition of the Gold Newsletter, says buy Entourage Metals Ltd., recently 41 cents. This is the first time he has recommended the stock. Entourage has drilled 2.38 metres of 44.57 g/t gold at its Black Raven project on Ontario's Schreiber-Hemlo greenstone belt. It owns another project in the Hemlo region, Rous Lake, which lies west of the 25-million-ounce Hemlo mine. Hemlo has been in operation since 1981 and is now producing gold at a rate of 250,000 ounces a year. For 2012, Entourage plans to drill 2,000 m at Black Raven and 1,000 m at Rous Lake. It will also conduct mapping, sampling and trenching at a third Ontario project, Benton, neighbour to the 5.9-million-ounce Cote Lake deposit and the 1.03-million-ounce Jerome deposit. Entourage's chairman is Robert McLeod, and its directors include Michael Williams, Adrian Fleming and Jeff Sundar. All four were also directors of Underworld Resources, which Kinross acquired for $138-million in 2010. Mr. Lundin has great confidence in management's ability to create value for shareholders. He also notes Entourage's VP of exploration, John Florek, and its senior geologist, John Labrecque, have both worked on the Hemlo project.