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Entrée Defines NI 43-101 Inferred Resource of 7.1 Billion Pounds Copper at Ann Mason, Nevada
Entrée Defines NI 43-101 Inferred Resource of 7.1 Billion Pounds Copper at Ann Mason, Nevada
About this update from Entree Resources Ltd
[{"type":"text","content":"\n\n\n\nJan. 26, 2010 (Canada NewsWire Group) -- VANCOUVER, Jan. 26 /CNW/ -- Entrée Gold Inc. (TSX:ETG; AMEX:EGI; Frankfurt:EKA - \"Entrée\" or the \"Company\") has received the first National Instrument 43-101 (\"NI 43-101\") compliant resource estimate prepared for the Ann Mason copper- molybdenum deposit located near Yerington, Nevada. Ann Mason is estimated to contain an inferred resource of 810.4 million metric tonnes grading 0.40% copper, using a 0.30% copper cut-off (see Table 1 below). Accompanying molybdenum is estimated at 165.9 million metric tonnes at a grade of 0.01% molybdenum. Based on these figures, the Ann Mason deposit contains approximately 7.1 billion pounds of copper.Entrée commissioned Wardrop Engineering Inc. (\"Wardrop\") to prepare the NI 43-101 compliant Technical Report and Resource Estimate of the Ann Mason Copper Molybdenum Project (\"2010 NI 43-101 Resource Estimate\"), which is filed on SEDAR. This independent report was completed in order to fulfill Canadian regulatory requirements.The Wardrop 2010 Inferred resource is confined by an optimized Whittle pit shell No.25. Using the same pit shell, the 2010 Inferred resource estimate represents a 10.6% increase in tonnes from the 2006 model (724.7 million tonnes at 0.40% copper) with a negligible increase in grade at a 0.30% copper cut-off. The increase in tonnage is largely due to the inclusion of additional information generated by drilling after the 2006 calculation was made.Table 1. Ann Mason Inferred Resource - January 2010------------------------------------------------------Cut-off Tonnage Cu------------------------------------------------------Cu % (million t) %------------------------------------------------------(greater than)0.4 315.22 0.485------------------------------------------------------(greater than)0.3 810.39 0.399------------------------------------------------------(greater than)0.2 1409.96 0.336------------------------------------------------------Entrée announced on November 29, 2009 that it had signed a definitive agreement with PacMag Metals Limited (ASX:PMH - \"PacMag\") to implement Australian Schemes of Arrangement to acquire all of the issued shares and options of PacMag. PacMag has a 100% interest in the Ann Mason Project, which hosts the Ann Mason deposit. PacMag commissioned Golder Associates (\"Gold...