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Entrée Resources Provides Update on Entrée/Oyu Tolgoi JV and Upcoming NI 43-101 Technical Report
Entrée Resources Provides Update on Entrée/Oyu Tolgoi JV and Upcoming NI 43-101 ...
About this update from Entree Resources Ltd
[{"type":"text","content":"\n\n\n\nEntrée Resources Provides Update on Entrée/Oyu Tolgoi JV and Upcoming NI 43-101 Technical Report\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, Oct. 18, 2017\n\n\n\nVANCOUVER, Oct. 18, 2017 /CNW/ - Entrée Resources Ltd. (TSX:ETG; NYSE American:EGI – the \"Company\" or \"Entrée\") is pleased to announce that Amec Foster Wheeler Americas Limited (\"Amec Foster Wheeler\") has completed its initial data review, and has commenced work on an updated National Instrument 43-101 Technical Report (the \"Technical Report\") relating to Entrée's 20% participating interest in the Entrée/Oyu Tolgoi joint venture (\"Entrée/Oyu Tolgoi JV\") in Mongolia.  \n\nThe updated Technical Report will include:\n\n\nan updated reserve case for the first lift (\"Lift 1\") of the Hugo North Extension block cave on the Entrée/Oyu Tolgoi JV property. The reserve will be based on information contained within the 2016 Oyu Tolgoi Feasibility Study finalized in May 2016 by Entrée's joint venture partner Oyu Tolgoi LLC (\"OTLLC\"). First development production from Lift 1 on the Entrée/Oyu Tolgoi JV property is expected in approximately 2021; and\na Preliminary Economic Assessment of Entrée's interest in both Lift 2 of the Hugo North Extension copper-gold deposit (\"Lift 2\") and the Heruga copper-gold-molybdenum deposit (\"Heruga\"). \n\nThe Technical Report is expected to be completed by January 2018.\n\nStephen Scott, Entrée's President and CEO comments, \"We are very excited work has commenced on the updated Technical Report, which will be a significant milestone for the Company and help investors understand the tremendous underlying value of Entrée's flagship asset.  Completion of the Technical Report will enable us to discuss preliminary economics for potential future phases of the Oyu Tolgoi mine, beyond Lift 1, including Lift 2 and Heruga, where a significant amount of the Entrée/Oyu Tolgoi JV's mineralization occurs.\"\n\nOyu Tolgoi Underground Project Update\n\nEntrée...