Vancouver – Drilling by Ivanhoe Mines (IVN-T) on Entre Gold’s (ETG-V) Shivee Tolgoi (Lookout Hill) property in southeastern Mongolia has extended the rich Hugo North copper-gold zone further northwards.
Drill hole 8, a 450-metre step-out, has intersected high-grade copper mineralization on the Copper Flats area of Entre Gold’s property.
An intercept of 120 metres (from 1,380 metres down-hole depth) shows very strong chalcopyrite and bornite with minor visible gold. Mineralization occurs in a quartz monzodiorite with intense quartz flooding and stockworks.
The drilling tracks a northeasterly trend on Entre’s ground where hole 6 intersected 258 metres (from 992 metres down-hole depth) grading 2.6% copper and 1.2 grams gold per tonne, including 138 metres of 4% copper and 1.7 grams gold, with an even higher grade section of 28 metres of 5.5% copper and 4.2 grams gold.
Ivanhoe is also currently drilling two other holes, located about one km and 1.7 km respectively northeast of hole 6, to test for further extension of the mineralized trend. Six deep-hole drill rigs are active on the Copper Flats project.
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.
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