Entourage Metals (TSX: V.EMT, Stock Forum) Monday announced that it has acquired an option to earn a 100% interest in the Odin copper-gold property in British Columbia, located north of Colorado Resource's North ROK discovery and Imperial Metals in construction Red Chris mine, this according to a company news release.
The property is located approximately 18 kilometers north of the town of Iskut, B.C., and consists of five mining claims covering 6,499 hectares. Access is from Highway 37 on the eastern side of the claim group.
Entourage Metals can earn a 100% interest in the property from an arm's-length third party company by paying $95,000 in cash and issuing 650,000 shares over five years. Upon completion of an initial National Instrument 43-101-compliant mineral resource estimate, Entourage will issue an additional one million shares.
Entourage added that it is planning an initial program consisting of soil sampling, geological mapping and geophysical surveying, which is expected to begin shortly.