October 8, 2009
News Release
Entr�e
Intersects 60m of 0.44% copper equivalent at Lordsburg, New Mexico
Vancouver,
B.C., October 8, 2009 - Entr�e
Gold Inc. (TSX:ETG; NYSE Amex:EGI; Frankfurt:EKA � �Entr�e� or the �Company�)
has completed six additional drill holes, totaling 2,316 metres on the
Lordsburg copper-gold porphyry project in New Mexico. Significant
copper and gold results were intersected in four of the six holes and results
are reported in the table below. Of particular note, a near surface
intersection in hole EG-L-09-012 returned potentially economic grades of
0.25% copper and 0.15 g/t gold over 94 metres, with a copper equivalent*
(CuEq) grade of approximately 0.35%, including 60 metres averaging 0.44%
CuEq.
Greg Crowe, Entr�e�s President and CEO commented, �Some mines in the
southwest United States have
recorded average grades as low as 0.2 to 0.3% copper equivalent. Copper
grades encountered in this recent round of drilling at Lordsburg are very
encouraging. This is the first time we have seen potentially economic grades
at this new copper-gold porphyry discovery.�
Drilling has now confirmed mineralization over a 600 x 600 metre area.
Hole No.
|
Interval
(m)
|
Length
(m)
|
Cu
(%)
|
Au
(g/t)
|
CuEq*
(%)
|
EG-L-08-008
|
280.0 � 332.0
|
52.0
|
0.18
|
0.05
|
0.21
|
EG-L-09-010A
|
34.0 � 84.0
|
50.0
|
0.18
|
0.21
|
0.31
|
and
|
216.0 - 256.0
|
40.0
|
0.15
|
0.13
|
0.23
|
EG-L-09-011
|
28.0 � 66.0
|
38.0
|
0.15
|
0.20
|
0.28
|
EG-L-09-012
|
96.0 � 252.0
|
156.0
|
0.19
|
0.12
|
0.27
|
including
|
118.0 � 212.0
|
94.0
|
0.25
|
0.15
|
0.35
|
including
|
152.0 � 212.0
|
60.0
|
0.31
|
0.21
|
0.44
|
*Copper Equivalent (CuEq) has been calculated using assumed metal prices
(US$1.35/pound for copper and US$650/ounce for gold); %CuEq. = %Cu+(g/t
Au*18.98)/29.76.
Additional drilling has also been completed at Gold Hill and exploration
is ongoing on our newly acquired Blackjack Property in Nevada
.
Gold
Hill ,
New Mexico
Two combined RC-diamond drill holes totaling 1,045 metres have been
completed on the Gold Hill area approximately 15 km north of Lordsburg to
test a geophysical-geological target. One of the holes failed to penetrate
post-mineral cover and the other, although reaching target depth, did not
intersect any significant alteration or mineralization.
Blackjack Property,
Nevada
An extensive soil geochemical and geological program has been completed
over much of the Blackjack copper-molybdenum property which was recently
optioned from HoneyBadger Exploration Inc. (TSX.V:TUF - �HoneyBadger� � refer
to news release dated July 23, 2009). Results are currently being
compiled and will be used, together with geophysical data, to target drilling
in an upcoming program.
Robert Cann , P.Geo., Entr�e�s
Vice-President, Exploration, a qualified person as defined by NI 43-101, has
reviewed the technical information contained in this news release.
ABOUT ENTR�E GOLD
INC.
Entr�e Gold Inc. is a Canadian mineral exploration company focused on the
worldwide exploration and development of gold and copper prospects. The
Company flagship property is in Mongolia ,
where it holds three exploration licenses comprising the 179,590 hectare
Lookout Hill property. Lookout Hill completely surrounds the
8,500-hectare Oyu Tolgoi project of Ivanhoe Mines, and hosts the Hugo North
Extension of the Hugo Dummett copper-gold deposit and the Heruga
copper-gold-molybdenum deposit.
In North America, the Company is exploring for porphyry-related copper
systems in Arizona and New Mexico under
agreements with Empirical Discovery LLC, in Nevada through
option agreements with HoneyBadger Exploration Inc. and Bronco Creek
Exploration Inc. and in British Columbia through
an agreement with Taiga Consultants Ltd.
The Company continues to explore its large landholdings in Mongolia
, including the coal discovery Nomkhon
Bohr. Entr�e is also evaluating new opportunities throughout the region
and elsewhere in Asia . Entr�e is exploring the Huaixi
copper project in Zhejiang Province in
China , under the
terms of an agreement with the No. 11 Geological Brigade.
The Company is also seeking additional opportunities to utilize its
expertise in exploring for deep and/or concealed ore deposits. With a
treasury in excess of C$40 million, the Company is well funded for future
activities.
Ivanhoe Mines and Rio Tinto are major shareholders of Entr�e, holding
approximately 15% and 16% of issued and outstanding shares respectively.
FURTHER INFORMATION
Monica Hamm
Manager Investor Relations
Entr�e Gold Inc.
Tel: 604-687-4777
Toll Free: 866-368-7330
E-mail: mhamm@entreegold.com
|
Peter Oates
Corporate Communications
Entr�e Gold Inc.
Tel: 604-687-4777
Toll Free: 866-368-7330
E-mail: poates@entreegold.com
|
This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events. In some cases, you
can identify forward-looking statements by terminology such as �may�,
�should�, �expects�, �plans�, �anticipates�, �believes�, �estimates�,
�predicts�, �potential� or �continue� or the negative of these terms or other
comparable terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may cause our
or our industry�s actual results, levels of activity, performance or
achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements.
While these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current judgment
regarding the direction of our business, actual results will almost always
vary, sometimes materially, from any estimates, predictions, projections, assumptions
or other future performance suggested herein. Except as required by
applicable law, including the securities laws of the United States, the
Company does not intend to update any of the forward-looking statements to
conform these statements to actual results. Readers are referred to the
sections entitled �Risk Factors� in the Company�s periodic filings with the
British Columbia Securities Commission, which can be viewed at www.SEDAR.com
, and with the United States Securities and Exchange Commission,
which can be viewed at www.SEC.gov ..
Investor
Relations Contact:
|
Entr�e
Gold Inc.
1201 - 1166 Alberni Street
Vancouver, BC
Canada V6E 3Z3
Telephone: (604) 687-4777
Facsimile: (604) 687-4770
Toll-free: 866-368-7330
info@entreegold.com
mobile.entreegold.com
(TSX: ETG)
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|