Entrée Gold Inc. (TSX:ETG;
AMEX:EGI) announced the discovery of a major coal discovery on Wednesday
at its Lookout Hill Property in Mongolia.
Entrée officials said they
are evaluating a coal target known as Nomkhon Bohr, located in the northwest
corner of the site, approximately 60 kilometres northwest of Ivanhoe
Mines Ltd. Oyu Tolgoi copper-gold deposits. A road, currently used to
transport coal from Tavan Tolgoi to China, passes within five kilometres
of Nomkhon Bohr.
The coal discovery has initially
been measured as 1,000 meters in length. Drill core samples have been
submitted for analysis, however, results are not expected for several
weeks.
Greg Crowe, President and CEO
of Entrée said, “The discovery of coal on our 100%-owned Togoot license
greatly enhances the exploration potential of our Lookout Hill project.
The location of the discovery is particularly important as it occurs
close to the haulage road currently used to ship coal from the rich
Tavan Tolgoi deposit to China. Should this coal discovery proceed to
development, it is well situated with respect to both the Chinese market
and to the developing Oyu Tolgoi copper-gold project. Entrée is proceeding
with a full evaluation of Nomkhon Bohr.”
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