Entre Gold Provides Mongolia Exploration Update
in February 2010, the Company approved a budget of USusd4.0 million for exploration on its Shivee West property.
in February 2010, the Company approved a budget of USusd4.0 million for exploration on its Shivee West property. Surface work began in April along the Shivee West Trend and consisted of a deep-probing induced polarization ("IP") survey, a close-spaced gravity survey, geochemical sampling and detailed geological mapping to augment the existing database followed by a diamond drilling program initiated in late June. The program has been successful in furthering our understanding of the geology of Shivee West, resulting in the budget expansion to continue exploring until year end. A further four holes are planned to complete the Company"s 2010 exploration program.
Greg Crowe, President of Entre, commented, "We are excited at the growing potential for additional discoveries both on our 100percents-owned ground and on the Entre-Ivanhoe JV ground. Porphyry systems often host multiple orebodies that occur along parallel structural trends. BHP Billiton and Ivanhoe tested the original surface showings at Oyu Tolgoi with numerous holes from 1997 onwards. However, the rich Hugo Dummett orebody was not discovered until 2003. The new Heruga North deposit was not discovered until 2010 and only after the completion of more than 1,600 drill holes. Entre"s program to test for deep, blind deposits at Shivee West is by comparison in its infancy. We will continue to test viable targets at Shivee West using a systematic, step-by-step approach to exploration."
The Shivee West Trend parallels the prolific Oyu Tolgoi Trend located 10 kilometres to the east. Drill targets were derived from the interpretation of geological, geochemical and geophysical information collected over a number of years. This information was integrated with updated research which has led to a better understanding of the formation and geological setting of the Oyu Tolgoi deposits and their significance with respect to the Shivee West Trend. The proximity to the Oyu Tolgoi system combined with results from the above described surveys, suggest potential for the formation of other porphyry deposits in the district. Entre has conducted numerous deep-probing IP, gravity and geochemical surveys in search of viable drilling targets on Shivee West.
To date in 2010, 7,682 metres have been completed in eight holes testing deep targets along this trend. A key result is the intersection of stratigraphy interpreted to correlate with the Devonian age host rocks associated with copper-gold mineralization at Oyu Tolgoi. Rocks containing variable sulphide mineralization, including minor chalcopyrite, the main copper-bearing phase at Oyu Tolgoi, have been identified in several holes. Full assay results are pending.
Surface work and/or drilling is either planned or underway on the Entre-Ivanhoe joint venture ground located both to the north and south of the Oyu Tolgoi mining licence.