Hugo North Extension (Cu-Au) Heruga (Cu-Au-Mo)
Shivee West (Cu-Au, Au)
Ann Mason Deposit (Cu-Mo) Blue Hill (Cu-Mo) Roulette, Blackjack, Minnesota Shamrock (Cu) Lordsburg (Cu-Au) Sentinel (U) Blue Rose (Cu-Au-Mo-Fe) Mystique (Au) Lukkacha (Cu-Mo)
Lordsburg (Cu-Au) |
| LOCATION | Southwest New Mexico, USA |
| OWNERSHIP | Entrée earning 80% from Empirical Discovery LLC |
| STATUS | Exploration Project. 2008 and 2009 drilling confirmed significant sub-surface copper-gold mineralizaton. Permitting of additional drill sites in process. |
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LATEST NEWS |
October 14, 2010: Entrée Gold Provides Exploration Update on U.S. Properties |
Project Summary
Lordsburg is located in the southwest corner of New Mexico approximately 370 kilometres southwest of Albuquerque. The Lordsburg claims cover 1,917 hectares (4,736 acres) adjacent to the historic Lordsburg copper-gold-silver district. Entrée is earning an 80 % interest in the property through an option agreement with Empirical Discovery LLC.
Access to Lordsburg is via Highway 10 from Tucson, Arizona and takes approximately two and a half hours.
A zone of surface alteration and anomalous geochemistry exceeds 1.2 kilometres in length and 600 metres in width. Within this zone, drilling has confirmed sub-surface mineralization over a 600 x 600 metre area. Mineralization appears best developed in the contact areas between a feldspar porphyry stock and volcanic rocks. Potassic alteration and sulphide-quartz veining are associated with the strongest areas of mineralization.
Exploration Activities
- Drilling: 6,092 m drilling in 12 holes (2008-2009; results)
- Initial exploration (2008): geophysics, geochemistry and geology
Option Agreement with Empirical Discovery LLC.
In July 2007 Entrée entered into an agreement with Empirical Discovery LLC. to acquire exploration rights to over 9,995 hectares (24,600 acres) located southeast of Safford, Arizona and extending into New Mexico. Under the terms of the agreement, Entrée has the option to acquire an 80% interest in any of the properties by incurring exploration expenditures totaling a minimum of US $1.9 million and issuing 300,000 shares within 5 years. If Entrée exercises its option, Empirical may elect within 90 days to retain a 20% participating interest or convert to a 2% NSR royalty, half of which may be purchased for US $2 million.
Last Updated: April 19, 2011
