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Eentree Gold Acquires New Copper Property in Western Mongolia |
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Saturday, 18 February 2006 |
Entrée Gold Inc. announces the acquisition of the Oyut Tolgoi copper property along with two other licences (Asgat Uul and Onts Uul), all of which host known copper mineralization, in western Mongolia. Surface exploration and diamond drilling in the mid-1970’s at Oyut Tolgoi outlined extensive
copper mineralization hosted in gabbroic rocks with several holes returning intervals of tens of metres grading more than 1% copper. For example, two intervals in two separate holes reportedly returned 1.0%
Cu over 50.2 metres and 0.87% Cu over 144 metres. The Asgat Uul property hosts alteration zones possibly related to porphyry copper style mineralization. Surface trench sampling at Asgat Uul returned values to 3.5% copper and one shallow drill hole yielded a 1% copper value in the basal metre of the hole. The Onts Uul property lies midway between Asgat Uul and Oyut Tolgoi. Two areas of malachite and azurite copperoxide mineralization, with surface trench samples to 1.85% copper, occur at Onts Uul.
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