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Entrée Resources Files NI 43-101 Technical Report for its Interest in the Entrée/Oyu Tolgoi Joint Venture Property
Entrée Resources Files NI 43-101 Technical Report for its Interest in the Entré...
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[{"type":"text","content":"\n \n \n \n Entrée Resources Files NI 43-101 Technical Report for its Interest in the Entrée/Oyu Tolgoi Joint Venture Property\n \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 Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n July 21, 2021\n \n /CNW/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – (the \"\n \n Company\n \n \" or \"\n \n Entrée\n \n \") is pleased to announce that it has today filed a National Instrument 43-101 –\n \n Standards of Disclosure for Mineral Projects\n \n (\"\n \n NI 43-101\n \n \") technical report (\"\n \n Report\n \n \") titled \"Entrée/Oyu Tolgoi Joint Venture Project,\n \n Mongolia\n \n , NI 43-101 Technical Report\" on its interest in the Entrée/Oyu Tolgoi joint venture property in\n \n Mongolia\n \n (\"\n \n Entrée/Oyu Tolgoi JV Property\n \n \"). The Report has an effective date of\n \n May 17, 2021\n \n and is available on SEDAR at\n \n www.sedar.com\n \n and on the Company's website. The Report relates to the press release announced by the Company on\n \n June 15, 2021\n \n .\n \n \n The Report discusses an updated Feasibility Study (\"\n \n 2021 Reserve Case\n \n \") based on mineral reserves attributable to the Entrée/Oyu Tolgoi joint venture (\"\n \n Entrée/Oyu Tolgoi JV\n \n \") from the first lift (\"\n \n Lift 1\n \n \") of the Hugo North Extension copper-gold deposit. Lift 1 of\n \n Hugo North\n \n (including Hugo North Extension) is currently in development by project operator Rio Tinto as an underground block cave with first development production from Hugo North Extension expected in 2022. Entrée has a 20% or 30% participating interest (depending on the depth of mineralization) in the Entrée/Oyu Tolgoi JV with Oyu Tolgoi LLC (\"\n \n OTLLC\n \n \") holding the remaining 80% or 70% interest. The 2021 Reserve Case after-tax NPV(8%) for Hugo North Extension Lift 1 attributable to Entrée is\n \n US$114 million\n \n *.\n \n \n The Report also includes a Preliminary Economic Assessment (\"\n \n 2021 PEA\n \n \") on a concep...