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ENTRÉE GOLD TO ACQUIRE INTEREST IN LUKKACHA PROPERTY, PERU
ENTRÉE GOLD TO ACQUIRE INTEREST IN LUKKACHA PROPERTY, PERU
About this update from Entree Resources Ltd
[{"type":"text","content":"\n\n\n\n Sep. 16, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nVANCOUVER, Sept. 16 /CNW/ - Entrée Gold Inc. (TSX:ETG; NYSE AMEX:EGI; Frankfurt:EKA - "Entrée" or the "Company") is pleased to announce that it has entered into a conditional agreement with a private Peruvian company whereby Entrée, through its wholly-owned Peruvian subsidiary, Exploraciones Apolo Resources S.A.C. ("Apolo"), may acquire an initial 70% interest in the Lukkacha property located in Tacna Province of southeastern Peru.\nLukkacha is located in the southern Peru porphyry belt, one of the world's most prolific copper districts. The property consists of five concessions totaling 2,900 hectares which cover two large areas of surface alteration, iron oxides and quartz veining approximately 50 kilometres along the structural trend southeast from the giant Toquepala mining operation of Grupo Mexico. Toquepala is a porphyry Cu-Mo deposit which has been in production for over 50 years, and has current reserves of 2.21 billion tonnes @ 0.48% Cu and 0.02 % Mo using a 0.24% Cu cut-off. The Cuajone deposit, another Grupo Mexico operation, is located in the same belt and has published reserves of 1.91 billion tonnes grading 0.51% Cu and 0.02% Mo using a 0.20% Cu cut-off. Concentrates from Toquepala and Cuajone are smelted at the port city of Ilo, 130 kilometres west of Lukkacha.\nThe property has never been drilled and represents a unique opportunity for grass roots explor...