Business
Entree Gold Ready to Explore Shivee West
Entree Gold Ready to Explore Shivee West
About this update from Entree Resources Ltd
[{"type":"text","content":"\n\n\n\nFeb. 17, 2010 (Canada NewsWire Group) -- VANCOUVER, Feb. 17 /CNW/ -- Entrée Gold Inc. (TSX:ETG; NYSE AMEX:EGI; Frankfurt:EKA - \"Entrée\" or the \"Company\") announces 2010 exploration budgets for initial work programs in Mongolia, the USA and Canada totaling approximately US$7 million. The Company treasury currently stands at over US$38 million.Entrée also reached a number of corporate milestones in 2009, including:- conversion of key concessions at Lookout Hill, Mongolia into longterm mining licences as part of the Oyu Tolgoi Investment Agreement;- acquisition and consolidation of strategic exploration properties inthe Yerington copper camp in Nevada, USA;- signing of a definitive agreement with PacMag Metals Limited (ASX:PMH- \"PacMag\") to implement Australian Schemes of Arrangement to acquireall if its outstanding shares and options- continued exploration and testing of porphyry copper targets in NewMexico and Arizona, USA.2010 exploration budgets have been approved for the following explorationprojects:- Drill testing for deep porphyry copper-gold-molybdenum targets onEntree's 100% owned portion of the Shivee Tolgoi mining licence(\"Shivee West\"), Mongolia- Drill testing of geological and geochemical copper-molybdenum targetson the Blackjack property, Nevada; optioned from HoneyBadgerExploration Inc. (TSX.V:TUF - \"HoneyBadger\")- Drill testing of geophysical and geological targets on the Rouletteproperty, Nevada; optioned from Bronco Creek Exploration Inc. (awholly owned subsidiary of Eurasian Minerals, TSX.V:EMX -\"BroncoCreek\")- Drill testing of porphyry copper targets on an area of interest nearBisbee, Arizona under agreement with Empirical Discovery LLC- Further surface exploration of copper-molybdenum geochemical targetson the Crystal project, central BC; under agreement with TaigaConsultants Ltd.In addition, the most recent drilling program at the Huaixi project China has been completed and results are being evaluated.MongoliaEntree has budgeted approximately US$4.0 million for first phase 2010 exploration on Shivee West. The program includes detailed geophysics and approximately 5,000 metres of drilling to test deep geophysical targets and copper, molybdenum, gold soil geochemical targets within a belt of prospective Devonian rocks identified in earlier programs. Areas of Shivee West are ge...