Entree encouraged by exploration results at Shivee West PDF Print E-mail
Thursday, 12 January 2012 10:21

 

Source: Entree Gold Inc.

Entree Gold Inc has reported “significant results” at its Shivee West project in Mongolia.

“This program yielded some very high grades in a new area of mineralization now called the Argo Zone,” said Greg Crowe, president and chief executive officer. “Both Zone III and Argo lie within a well-defined, northerly-trending magnetic-low, which extends for at least 2.5 kilometers along strike. Potential for additional gold targets is excellent and we are planning further exploration in 2012.”
The 2011 work program targeted near-surface epithermal gold mineralization and included 23 vertical holes of reverse circulation drilling; and 1,120 linear meters of excavator trenching and surface sampling over an area of 1,200 square meters. At the Argo Zone, exploration resulted in two reportedly high-grade chip sample that were taken for evaluation. Best results from recent drilling come from hole EGRC-11-123, located near the center of Zone III, which returned 8 meters of 2.08 grams per ton of gold.
Planning is underway for additional drilling and surface work commencing in the second quarter of 2012 to better define gold mineralization in both Zone III and the Argo Zone.
Entree Gold is a Canadian mineral exploration company focused on the worldwide exploration and development of copper and gold prospects.

 

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