Hemlo

To date, the Hemlo gold deposit has produced more than 20 million ounces of gold.

Reuters: Press Release 2011

If this link is not enabled, please visit Entourage is a junior gold exploration company focusing on the Hemlo Greenstone belt in north western Ontario.

Reuters: Press Release 2011

Entourage has several properties in the vicinity of Hemlo, including the Black Raven property, which hosts multiple high-grade gold occurrences.

Reuters: Press Release 2011

ResourceX believes Florek's experience in the region with Barrick places Entourage in a uniquely advantageous situation, as 90% of Barrick's Hemlo deposit is actually below 500 metres in depth, which is deeper than most of the shallow drilling the area has seen in the past.

Reuters: Press Release 2011

This greenstone belt is famous because of the Hemlo gold deposit, discovered in 1981, which led to an exploration and staking rush in the early 1980s.

Reuters: Press Release 2011

The Hemlo area is currently home to Barrick Gold's David Bell Mine, an underground mine, and Williams, an underground and open pit mine.

Reuters: Press Release 2011

Entourage added to their property position by entering into an option agreement with Barrick Gold to acquire 100% interest in the Toothpick West Property, located with 30 kilometres of Hemlo, and the Rous Lake property, less than 10 kilometres from Hemlo, both located along the mineralized trend of the Hemlo Gold Deposits.

Reuters: Press Release 2011

Barrick is the most logical purchaser because reserves at its Hemlo mine in Ontario are dwindling and the company could "use another Canadian asset to utilize the tax shield from Canadian corporate expenditures."

The Globe and Mail - Home RSS feed MARTIN MITTELSTAEDT 2011

Entourage is now sitting on an impressive 3,800 hectare position in the Hemlo Belt.

Reuters: Press Release 2011

Entourage's geologist, John Florek is very familiar with this area, having worked as a senior geologist with Barrick on the Hemlo deposit.

Reuters: Press Release 2011