Crystal Property, British Columbia
Entrée has reached an agreement with Taiga Consultants Ltd. of Calgary, Alberta to acquire the Crystal Property. The Crystal Property is an early stage molybdenum-copper prospect. A sizeable, strong geochemical anomaly that has never been tested has been detected on the property, which lies within an area of known molybdenum deposits, such as Thompson Creek’s Endako Mine.
Located approximately 120 kilometres west-southwest of Prince George, BC, the Crystal Property comprises ten contiguous claims covering almost 4,800 hectares.
The agreement permits Entrée to acquire a 100% interest in the Crystal Property subject to a 1% NSR royalty, after completing $500,000 in exploration expenditures. An initial portion of these expenditures will be used in Q4 2009 to conduct prospecting, mapping, geochemical sampling and geophysical survey work in an attempt to identify potential targets.
