Entree has completed four diamond drill holes totaling 2,563 m (8,405 ft) on the
Discovery hole EG-L-08-002 cored a 310 metre (1,017 ft) interval of copper and gold mineralization in the northwestern portion of the property.
Hole EG-L-08-002 encountered a broad zone of potassic alteration (K-feldspar, secondary biotite +/- magnetite) in plagioclase porphyry and andesite wallrocks from surface to a depth of 557 m (end of hole, 1827 ft) with porphyry-style copper-gold mineralization from 156 m. The hole intersected 310 m of 0.14% copper and 0.08 g/t gold with intervals of higher grade mineralization up to 0.33% copper and 0.26 g/t gold as shown in the following table.
Table 1: Summary of mineralized intervals from 2008 drill program. ------------------------------------------------------------------------- Hole ID From (m) To (m) Interval (m) Cu (%) Au (g/t) ------------------------------------------------------------------------- EG-L-08-002 156.0 466.0 310.0 0.14 0.08 ------------------------------------------------------------------------- Including 182.0 211.3 29.3 0.21 0.12 ------------------------------------------------------------------------- Including 240.0 254.0 14.0 0.33 0.26 -------------------------------------------------------------------------
Copper mineralization (primarily chalcopyrite and bornite) is disseminated in both plagioclase porphyry and andesite wallrock and occurs in quartz stockwork veins, K-feldspar-biotite-magnetite veins and fracture coatings cutting porphyritic intrusive rocks and andesite. The mineralized interval is cut by several barren to weakly mineralized, late-stage rhyolite and quartz diorite dykes. Core is oxidized and partially leached from surface to approximately 150 m downhole.
Holes EG-L-08-001 and EG-L-08-003, located 1.3 km (0.8 miles) southeast and 1.7 km (1.1 miles) southwest of EG-L-08-002 respectively, were drilled to test buried induced polarization ("IP") anomalies. Both holes encountered broad zones of pervasive propylitic alteration (epidote and chlorite) and are interpreted to be peripheral to the mineralized, potassically altered rocks found in EG-L-08-002. No significant assays were returned from EG-L-08-001. Assays from EG-L-08-003 are pending.
The final drill hole of the program, EG-L-08-004, is located approximately 4 km (2.5 miles) east of EG-L-08-002 and was drilled to test an IP anomaly beneath younger volcanic rocks. The hole intersected unaltered, Tertiary volcanic rocks and faulted blocks of propylitically altered Cretaceous pyritic andesite similar to rocks encountered in EG-L-08-003. Analyses of EG-L-08-004 are pending.
This new discovery remains open in all directions with the closest drill hole currently located 1.3 km (0.8 miles) to the southeast of EG-L-08-002. Additional drill testing of this target is planned as soon as amendments to the drill permits have been approved by the Bureau of Land Management and the
QUALITY ASSURANCE AND CONTROL
Split core samples were prepared and analyzed at Skyline Assayers & Laboratories in
ABOUT ENTREE GOLD INC.
Entree Gold Inc. is a Canadian mineral exploration company focused on the worldwide exploration and development of gold and copper prospects. In
The Company is a large landholder in
The Company continues to explore its large landholdings in
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
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SOURCE Entree Gold Inc.