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.