SKIPPACK, Pa., Oct. 24, 2007 (PRIME NEWSWIRE) -- Enterayon, Inc. (Pink Sheets:ETYN) ("Enterayon" or the "Company") is pleased to announce the acquisition of the Loughborough Gold Property in southwestern British Columbia, Canada.
The Loughborough Gold Property is located on the east side of Loughborough Inlet, approximately 140 miles northwest of Vancouver, B.C. It consists of 3 contiguous claim units covering 349 hectares (862 acres).
According to BC Assessment Report 14908, there are six or more vein systems reported on the property. Past-production from the Loughborough vein assayed an average of 0.88 ounces per tonne gold and 3.51 ounces per tonne silver. Subsequent exploration and sampling of the vein assayed up to 0.46 ounces per tonne gold and 2.30 ounces per tonne silver. Air photographs of the area indicate the presence of multiple very prominent northeasterly and northwesterly trending lineaments. However, the only shear vein system tested to-date by underground development is the Loughborough.
The property is also situated less than 5 miles from the historic Doratha-Morton mine, where two samples documented in Assessment Report 22515 and MINFILE 092K 023 assayed 1,560 grams (50.16 ounces) per tonne gold and 11,290 grams (363.02 ounces) per tonne gold, respectively.
The Loughborough Gold Property was located, staked, and acquired independently by company personnel utilizing satellite imagery, GPS, and MTO technology, interfaced with database records from the BC mineral archives (MINFILE). Total acquisition costs consist solely of British Columbia claim registration fees of $139.60 CDN.
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.
SAFE HARBOR FOR FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of Sections 27A and 21E of the Securities and Exchange Act of 1933, 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.