Copper and Gold at Our Core
Entrée Gold Inc. is a Vancouver-based mineral resource company primarily focused on advancing its principal properties in Mongolia and Nevada. In addition, Entrée is engaged in evaluating acquisition opportunities which are complementary to its existing properties in mining friendly jurisdictions.
With a 20% carried interest in two of the Oyu Tolgoi project deposits in Mongolia - the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit, Entrée has a unique opportunity to participate in one of the world's largest copper-gold projects managed by a premier mining company - Rio Tinto. Entrée's joint venture partner, Oyu Tolgoi LLC (OTLLC), is targeting the next phase of underground construction to begin in mid-2016. This follows the formal 'notice to proceed' approval from the boards of Turquoise Hill Resources, Rio Tinto and OTLLC received May 2016 and the US$4.4 billion finance facility executed in December 2015 for Phase 2 underground mine development at the Oyu Tolgoi project, including Lift 1 of the Hugo North Extension deposit.
Entree's 100% owned Ann Mason Project in Nevada, is uniquely attractive in terms of size, exploration potential, development profile, and jurisdictional safety. The Ann Mason Project hosts the Ann Mason copper-molybdenum deposit as well as the Blue Hill copper deposit within the rejuvenated Yerington copper camp. The results of an updated Preliminary Economic Assessment (2015 PEA) on the Ann Mason deposit were released in September 2015. The 2015 PEA incorporates the results of the in-fill drill program completed in January 2015, and a new resource estimate.
Entrée is balancing opportunity and risk equipped with highly experienced and dedicated people focused on maximizing shareholder value in these challenging economic times. Entrée is well-funded with a cash balance sufficient to fulfill all current financial obligations as well as offering the flexibility to consider other opportunities to enhance the value of the Company.
© Copyright 2016
Disclaimer This website contains information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.