Owner
Post by Franko10 ™ on Jun 13, 2005 5:31:12 GMT -5
UNITED CARINA RESOURCES CORP.
105 – 111 Research Drive Telephone: (306) 664-3828
Saskatoon, Saskatchewan S7N 3R2 Facsimile: (306) 244-0042
_____________________________________________________________________________________
N E W S R E L E A S E
April 26, 2005 – United Carina Resources Corp. (UCA – TSX Venture) wishes to announce that it has entered into an option agreement with Entourage Mining Ltd. (OTCBB:ETGMF) whereby United Carina has been granted the right to earn a 10% interest in a prospective gold-silver mineral property located at Mineral Ridge in the Walker Lane gold-silver belt of Esmeralda County, Nevada, known as the Black Warrior Project. Entourage holds the right to acquire a 100% interest in the Black Warrior Project, subject to a 3% net smelter royalty granted to the owner.
To exercise its option to acquire a 10% interest, United Carina must: (i) pay to Entourage the sum of US$40,000 upon Entourage exercising its option to purchase a 100% interest in the Black Warrior Project for US$400,000; and (ii) make US$85,000 in work commitments or an amount equal to but not to exceed 10% of Entourage’s work expenditures on the property.
When the transaction is concluded, ownership in the property will be United Carina 10%, CMKM Diamonds Inc. 10%, and Entourage 80%. The companies are awaiting drill permits from the Bureau of Land Management and expect to have an extensive drill program underway in the near future.
ON BEHALF OF THE BOARD
“Rick Walker”
Rick Walker,
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
105 – 111 Research Drive Telephone: (306) 664-3828
Saskatoon, Saskatchewan S7N 3R2 Facsimile: (306) 244-0042
_____________________________________________________________________________________
N E W S R E L E A S E
April 26, 2005 – United Carina Resources Corp. (UCA – TSX Venture) wishes to announce that it has entered into an option agreement with Entourage Mining Ltd. (OTCBB:ETGMF) whereby United Carina has been granted the right to earn a 10% interest in a prospective gold-silver mineral property located at Mineral Ridge in the Walker Lane gold-silver belt of Esmeralda County, Nevada, known as the Black Warrior Project. Entourage holds the right to acquire a 100% interest in the Black Warrior Project, subject to a 3% net smelter royalty granted to the owner.
To exercise its option to acquire a 10% interest, United Carina must: (i) pay to Entourage the sum of US$40,000 upon Entourage exercising its option to purchase a 100% interest in the Black Warrior Project for US$400,000; and (ii) make US$85,000 in work commitments or an amount equal to but not to exceed 10% of Entourage’s work expenditures on the property.
When the transaction is concluded, ownership in the property will be United Carina 10%, CMKM Diamonds Inc. 10%, and Entourage 80%. The companies are awaiting drill permits from the Bureau of Land Management and expect to have an extensive drill program underway in the near future.
ON BEHALF OF THE BOARD
“Rick Walker”
Rick Walker,
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
