Entree Gold successfully tests conceptual targets on Shivee West PDF Print E-mail

Source: Entrée Gold Inc.                           Date: 16 December, 2010

Entrée Gold has successfully tested a number of deep conceptual targets on its 100%-owned Shivee West property in Mongolia, adjacent to the company's flagship joint venture property that surrounds the massive Oyu Tolgoi project. The 2010 exploration program on Shivee West was designed to evaluate and gain a better understanding of deep induced polarization targets, with the focus on finding mineralization at depths similar to those encountered throughout the Oyu Tolgoi mineralized system.  Entrée completed ten deep holes and one shallow diamond drill hole to systematically test four target areas.

While the original discovery at Oyu Tolgoi is marked by a prominent surface showing, Shivee West contains no surface indications of porphyry-style mineralization and thus the exploration team is relying on a combination of advanced exploration tools to determine possible target areas at depth.  Diamond drilling commenced in June and the crew demobilized from the field in November 2010. Eleven holes were completed up to a depth of 1,650 meters for a total of 11,634 meters. The property remains prospective and results of the 2010 program will be evaluated over the winter prior to a decision on the nature and focus of a 2011 program.

Surface work and drilling continues on the Javhlant and Shivee mining licenses that are in joint venture with Ivanhoe Mines, the project operator.  Testing to the north of the Hugo North Extension has been under way for the past few months, but technical difficulties have delayed the program. Two core holes were completed earlier in the year on Heruga Southwest. Future drilling may be proposed on what is considered to be a highly prospective target that could extend the Heruga mineralized system southwards towards Entrée's southern Javhlant property boundary.

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

 

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