Ivanhoe extends Hugo North onto Entre ground

Vancouver — Drilling by Ivanhoe Mines (IVN-T) on Entre Gold‘s (ETG-V) Shivee Tolgoi (Lookout Hill) property in Mongolia has extended the rich Hugo North copper-gold zone farther north.

Hole 8 intersected high-grade copper mineralization in the area known as Copper Flats: an intercept of 120 metres (at a down-hole depth of 1,380 metres) showed strong chalcopyrite and bornite with minor visible gold. Mineralization occurs in a quartz monzodiorite with intense quartz flooding and stockworks.

Hole 6 cut 258 metres (at 992 metres down-hole) grading 2.6% copper and 1.2 grams gold per tonne, including 138 metres of 4% copper and 1.7 grams gold and an even higher-grade section of 28 metres of 5.5% copper and 4.2 grams gold.

Six deep-hole rigs are testing for further extension of the mineralized trend.

Ivanhoe Mines is earning up to an 80% interest in a 400-sq.-km section of the Shivee Tolgoi project by spending US$35 million.