This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ADDITIONAL MINERALIZATION DISCOVERED NORTH OF ENTRÿE GOLD - OYU TOLGOI LLC JOINT VENTURE GROUND

Stocks in this article: EGIETG

VANCOUVER, March 14 /PRNewswire/ - Entrée Gold Inc. (TSX:ETG) (NYSE AMEX:EGI) (Frankfurt:EKA) ("Entrée" or the "Company") comments on the recent news release by Ivanhoe Mines announcing the presence of a new zone of shallow copper-molybdenum-gold mineralization just north of the Entrée - Oyu Tolgoi LLC ("OTLLC") joint venture ground in Mongolia. 

Ivanhoe Mines Ltd. (IVN: NYSE, NASDAQ & TSX - "Ivanhoe Mines") announced the presence of the new zone of mineralization on March 14, 2011.  The discovery, named Ulaan Khud North, extends the known Oyu Tolgoi mineralized trend by a further three kilometres.  The trend includes the Entrée-OTLLC joint venture's Heruga deposit, Hugo North Extension deposit and Ulaan Khud zone. 

Entrée's President & CEO, Greg Crowe, commented, "This discovery, while not on the Entrée - OTLLC joint venture property, is located just three kilometres north of the joint venture's Ulaan Khud zone.  The strike length of the Oyu Tolgoi mineralized system is now at least twenty-three kilometres, of which seventeen kilometres are located within the Entrée-OTLLC joint venture ground.  Less than half of the trend has been extensively drill-tested to date.  The discovery of Ulaan Khud North is one more example of the magnitude and scale of the trend and the excellent potential for the discovery of additional mineralized zones."

Ulaan Khud is a near-surface copper and gold mineralized zone located within the Entree-OTLLC joint venture ground.  The Ulaan Khud zone was originally discovered in 2006 during condemnation drilling undertaken as part of an Earn-In Agreement under which the joint venture was formed.  Results were released on October 26, 2006, highlights of which include Hole EGD118 (130m at 0.35% Cu and 0.11 g/t Au) and Hole EGD110 (154m at 0.34% Cu and 0.08 g/t Au).

QUALIFIED PERSON

Robert Cann, P.Geo., Entrée's Vice-President Exploration, a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"), has reviewed the technical information contained in this release.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,724.43 +263.11 1.60%
S&P 500 1,956.10 +28.99 1.50%
NASDAQ 4,461.8540 +79.0070 1.80%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs