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Enterayon Acquires Silver Cup Ridge Gold-Silver Property
Tuesday September 26, 7:30 am ET
SKIPPACK, PA--(MARKET WIRE)--Sep 26, 2006 -- Enterayon, Inc. (Other OTC:ETYN.PK - News) is pleased to announce the acquisition of a 100% undivided interest in the Silver Cup Ridge property in British Columbia, Canada.
The Silver Cup Ridge property is located on Fays Peak, on Silver Cup Ridge, approximately 70 km southeast of Revelstoke in southeastern British Columbia. The property consists of 5 contiguous claim units covering 636 hectares (1,572 acres). It features five separate prospects, three of which are notable: the Fays Peak Copper, Skyline, and Golden Crown claims.
The Fays Peak Copper claim is on the southwest footwall side of a major fault that runs down the axis of Silver Cup Ridge. The mineralization has been traced down the mountain into the basin at the head of Ottawa Creek and it is exposed in a 15.24 metres-long prospecting adit at 2130 metres elevation. A sample from the adit is reported to have assayed 4.46 grams per tonne gold, 171.4 grams per tonne silver and 4 per cent copper.
The Skyline area is adjacent to the Fays Peak Copper claim. The main Skyline vein is an irregular quartz vein, between 0.05 and 1.22 metres wide, and contains pyrite with a little galena. The mineralization has assayed up to 27.43 grams per tonne gold, 877.7 grams per tonne silver and 18 per cent lead.
The Golden Crown prospect is on Stobart Creek, which flows to the southwest into Trout Lake. It is on the southwest slope of a spur from Silver Cup mountain between 1830 and 2000 metres elevation. The Golden Crown vein is a massive body of highly crystalline quartz, sparingly mineralized with pyrite. Previously reported assays have ranged up to 24.0 grams per tonne gold, 2105 grams per tonne silver and 68.5 per cent lead.
The Silver Cup Ridge property was located, staked, and acquired independently by company personnel utilizing technology previously announced and described on September 8, 2006. The cost of acquisition, consisting solely of British Columbia claim registration fees, was a total of $254.40.
About Enterayon, Inc.
Enterayon, Inc. engages in the exploration, acquisition, development, and mining of precious metal and other mineral properties. By combining state-of-the-art technology with traditional acquisition targeting, the company's mission is to build a portfolio of viable mining prospects throughout the world and developing them to their full economic potential. 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.
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