Entrée Intersects 60m of 0.44% copper equivalent at Lordsburg, New Mexico
Drilling has now confirmed mineralization over a 600 x 600 metre area.
------------------------------------------------------------------------- Interval Length Cu Au CuEq* Hole No. (m) (m) (%) (g/t) (%) ------------------------------------------------------------------------- EG-L-08-008 280.0 - 332.0 52.0 0.18 0.05 0.21 ------------------------------------------------------------------------ EG-L-09-010A 34.0 - 84.0 50.0 0.18 0.21 0.31 ------------------------------------------------------------------------- and 216.0 - 256.0 40.0 0.15 0.13 0.23 ------------------------------------------------------------------------- EG-L-09-011 28.0 - 66.0 38.0 0.15 0.20 0.28 ------------------------------------------------------------------------- EG-L-09-012 96.0 - 252.0 156.0 0.19 0.12 0.27 ------------------------------------------------------------------------- including 118.0 - 212.0 94.0 0.25 0.15 0.35 ------------------------------------------------------------------------- including 152.0 - 212.0 60.0 0.31 0.21 0.44 ------------------------------------------------------------------------- * Copper Equivalent (CuEq) has been calculated using assumed metal prices (US$1.35/pound for copper and US$650/ounce for gold); %CuEq. = %Cu+(g/t Au*18.98)/29.76.
Additional drilling has also been completed at Gold Hill and exploration is ongoing on our newly acquired Blackjack Property in Nevada.
Gold Hill, New
Two combined RC-diamond drill holes totaling 1,045 metres have been completed on the Gold Hill area approximately 15 km north of Lordsburg to test a geophysical-geological target. One of the holes failed to penetrate post-mineral cover and the other, although reaching target depth, did not intersect any significant alteration or mineralization.
Blackjack Property, Nevada
An extensive soil geochemical and geological program has been completed over much of the Blackjack copper-molybdenum property which was recently optioned from HoneyBadger Exploration Inc. (TSX.V:TUF - "HoneyBadger" - refer to news release dated
ABOUT ENTRÉE GOLD INC.
Entrée Gold Inc. is a Canadian mineral exploration company focused on the worldwide exploration and development of gold and copper prospects. The Company flagship property is in
In
The Company continues to explore its large landholdings in
The Company is also seeking additional opportunities to utilize its expertise in exploring for deep and/or concealed ore deposits. With a treasury in excess of C$40 million, the Company is well funded for future activities.
Ivanhoe Mines and Rio Tinto are major shareholders of Entrée, holding approximately 15% and 16% of issued and outstanding shares respectively.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the
%CIK: 0001271154
For further information: Monica Hamm, Manager Investor Relations, Entrée Gold Inc., Tel: (604) 687-4777, Toll Free: (866) 368-7330, E-mail: [email protected]; Peter Oates, Corporate Communications, Entrée Gold Inc., Tel: (604) 687-4777, Toll Free: (866) 368-7330, E-mail: [email protected]
Share this article