Entrée Gold Inc. (TSX:ETG;
AMEX:EGI) announced on Thursday that it has added $2 million for further
coal exploration at its Lookout Hill property. This follows recent
coal discoveries at Nomkhon Bohr, said company officials.
The Nomkhon Bohr coal site
is a geological rift known to host other coal deposits in Mongolia,
such as QGX's Baruun Naran, South Gobi Energy Resources' Ovoot Tolgoi
and Energy Resources LLC's Tavan Tolgoi deposits.
Greg Crowe, CEO and President
of Entrée notes, "The Nomkhon Bohr coal target is progressing
rapidly. Our drilling has shown that the Permian sequence exposed in
the Company's Lookout Hill Property hosts potentially significant coal
horizons. We will move forward aggressively to extend the Nomkhon Bohr
target and to test the large, unexplored, Coking Flats area to the west.
We believe that these two targets represent an excellent opportunity
for Entrée."
Drilling has cut coal over
a strike length of 600 meters so far. Initial findings indicate continuing
levels of coal deposits with added thickness as the deposit descends.
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