Entrée Gold Inc. is a Canadian mineral exploration company focused on the worldwide exploration and development of gold and copper prospects. Entrée is currently working on mineral properties located in Mongolia, China, the United States and Canada.
In Mongolia, the Lookout Hill property covers approximately 89,136 hectares and completely surrounds the 8,496 hectare Oyu Tolgoi project of Ivanhoe Mines. A portion of Lookout Hill is subject to a joint venture with Ivanhoe Mines, through its subsidiary Oyu Tolgoi LLC. The Hugo North Extension and the Heruga deposits are within the joint venture area and are part of the Oyu Tolgoi mining complex currently being developed by Ivanhoe Mines and its partner, Rio Tinto. The most recent independent Integrated Development Plan for the Oyu Tolgoi mining complex confirms the near-production and long-term importance of the Hugo North Extension and Heruga deposits. Entrée retains a 20% carried interest in the mineral resources of the two deposits.
Entrée continues to explore its landholdings in Mongolia on its 100% owned Lookout Hill West, the portion of Lookout Hill not subject to the joint venture agreement. The Company also remains active in China on the Huaixi copper project of the Zhejiang Province.
In the United States, Entrée is exploring for porphyry-related copper systems in Nevada, Arizona and New Mexico. The Company has assembled a sizeable land package in the historic Yerington copper district of Nevada. Through the acquisition of PacMag Metals Limited, Entrée holds the rights to a group of mineral titles which include the Ann Mason deposit and other significant copper projects. The Ann Mason deposit adds a significant copper-molybdenum resource to the Company’s asset base. Contiguous to the PacMag land package, Entrée also optioned the Blackjack property and the Roulette property. Potential porphyry copper targets have been identified on both properties.
In Arizona and New Mexico, Entrée has exploration rights to over 14,365 hectares of land through option agreements. On this land package, Entrée identified a new copper-gold porphyry system at the Lordsburg prospect in New Mexico. Other targets include: Oak Grove in New Mexico as well as Abbot and Dixie in Arizona.
In Canada, Entrée has the right to earn 100% interest in the early stage copper-molybdenum Crystal property located in central British Columbia.
The Company is also seeking additional opportunities to utilize its expertise in exploring for deep and/or concealed ore deposits. With a treasury of approximately C$32 million, Entree Gold is well funded for future activities.
Click here to view the Lookout Hill Property Technical Report
