Entrée Gold, a Canadian mineral exploration company, announced that EJD0034A core hole has returned 590 m of 0.70 g/t gold, 0.33% copper and 56 ppm molybdenum at the Heruga deposit.
The hole is located offset of EJD0034 hole, which intersected 686 m of 0.67 g/t gold, 0.36% copper, and 79 ppm molybdenum, and was drilled 150 m to the east of EJD0034 hole to test for mineralization downdip. The hole was drilled on the Entrée-OTLLC joint venture property located in Mongolia.
Entrée Gold’s President and CEO, Greg Crowe stated that the EJD0034A hole is important as it extends the identified limit of mineralization by 150 m depth and 150 m to the east. Additionally, the hole supports the concept that gold grades increase at depth and to the east along the Oyu Tolgoi mineralized trend. Crowe added that the Heruga copper-gold-molybdenum deposit offers a significant development opportunity for both OTLLC and Entrée.
In the Oyu Tolgoi mining complex, drilling program has been testing for copper and gold mineralization along the Oyu Tolgoi trend’s east side. The company has observed a common pattern along this trend, where gold grades increase at depth and to the east. In 2011, EJD0045 hole on Heruga’s southeast side was drilled to analyze this pattern. However, this hole did not meet the proposed target because of faulting. The deepest mineralized intercept includes 1.87 g/t gold, 0.28% copper and 6 ppm molybdenum over 54 m. The Heruga deposit remains exposed to the east and at depth.
The Heruga deposit features an inferred mineral resource of 910 Mt grading 0.49 g/t gold, 0.48% copper and 141 ppm molybdenum using a 0.60% copper equivalent cut-off grade. It is believed to contain 14 M oz of gold and 9.5 B lbs of copper. On the joint venture property, a drill rig is testing an analogous target on Heruga’s southeast side.
Source: http://www.entreegold.com/