Entrée Gold to spend more on exploration in Shivee West - News.MN

Entrée Gold to spend more on exploration in Shivee West

Old News! Published on: 2010.10.11

Entrée Gold to spend more on exploration in Shivee West

Avatar
Г. Нэргүй
Uncategorized

Entree Gold Inc. has committed a further USD1.9 million to continue
its systematic work targeting prospective formations on its 100%-owned Shivee
West property in Mongolia. The Shivee West exploration program reflects
Entree”s strategy to explore for and potentially expand its growing portfolio
of gold and copper resources in Mongolia and on its other projects worldwide.

In February 2010, the Company approved a budget of USD4.0 million for
exploration in Shivee West. Surface work began in April. The program has been
successful in furthering understanding of the geology of Shivee West, resulting
in the budget expansion to continue exploring. A further four holes are planned
to complete the Company”s 2010 exploration program.

Greg Crowe, President of Entree, has said they are “excited at the growing
potential for additional discoveries both on our 100%-owned ground and on the
Entree-Ivanhoe JV ground”. Surface work and/or drilling is either planned or
under way on the joint venture ground located both to the north and south of
the Oyu Tolgoi mining license.

Rio Tinto and Ivanhoe Mines are major shareholders of Entree,
holding approximately 13% and 12% of issued and outstanding shares,
respectively.

For your Reactions?
0
HeartHeart
0
HahaHaha
0
LoveLove
0
WowWow
0
YayYay
0
SadSad
0
PoopPoop
0
AngryAngry
Voted Thanks!