Entrée Resources Announces First Quarter 2019 Results

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[{"type":"text","content":"\n\n\n\nEntrée Resources Announces First Quarter 2019 Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 14, 2019\n\n\n\nVANCOUVER, May 14, 2019 /CNW/ - Entrée Resources Ltd. (TSX:ETG; NYSE American:EGI – the \"Company\" or \"Entrée\") has today filed its interim financial results for the first quarter ended March 31, 2019. All numbers are in U.S. dollars unless otherwise noted.\nQ1 2019 HIGHLIGHTS \nEntrée/Oyu Tolgoi JV Property – MongoliaThe Oyu Tolgoi project in Mongolia includes two separate land holdings: the Oyu Tolgoi mining licence, which is held by Entrée's joint venture partner Oyu Tolgoi LLC (\"OTLLC\") and the Entrée/Oyu Tolgoi JV Property, which is a partnership between Entrée and OTLLC. On April 15, 2019, Turquoise Hill Resources Ltd. (\"Turquoise Hill\") provided an update on underground development on the Oyu Tolgoi mining licence: \nDuring the first quarter of 2019, work continued on critical Shaft 2 equipping activities, central heating plant, mine infrastructure, underground materials handling systems and on priority underground development. Pre-sinking works for Shaft 3 and Shaft 4 have also commenced. Rio Tinto International Holdings Ltd. (\"Rio Tinto\"), as project manager, has advised Turquoise Hill that the fit-out and commissioning work on Shaft 2 (the main production and services shaft) is now expected to be completed by the end of October 2019. As previously announced by Turquoise Hill, more detailed geotechnical information and different ground conditions have required a review of the mine design and the development schedule. The impact of these changes, including the further delay to Shaft 2, will be included in the definitive estimate review, which is expected to be completed towards the end of 2019. Turquoise Hill will also explore potential mitigation options. Entrée is not currently aware of any expected delays to development production or initial block cave production from the first lift (Lift 1) of the Hugo North Extension deposit...

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