Entrée Gold is continuing exploration at its Lookout Hill gold and copper project area in Mongolia.

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The company is a large landholder in Mongolia, where it holds a 100% interest in mineral concessions that comprise the 179,590-hectare Lookout Hill (Shivee Tolgoi) property, which surrounds the 8500-hectare Turquoise Hill (Oyu Tolgoi) project of Ivanhoe Mines, and hosts the Hugo North Extension of the Hugo Dummett Deposit.

At Lookout Hill drilling has tested six geophysical targets hosted in interpreted Oyu Tolgoi equivalent stratigraphy, as well as a molybdenum-rich target zone. It has encountered Devonian age rocks, known to host copper-gold mineralization at Oyu Tolgoi. Efforts have focused on rocks of similar age and results will be used to assist in defining future drill targets.

The company has also completed airborne magnetic surveying over its Togoot licence, to assist in identifying additional areas of permissive Devonian age rocks.

Ivanhoe continues its exploration of the joint Entrée-Ivanhoe agreement area to the north and south of its Oyu Tolgoi mining licence.

Three drills are testing the Sparrow South induced polarization anomaly on the Devonian-aged Oyu Tolgoi stratigraphy (or mineralized trend), located from the Entrée-Ivanhoe boundary and up to 3km south. A fourth drill has been added to test a parallel induced polarization trend, the Castle Rock anomaly. Drilling has encountered widespread but variable low-moderate grade copper +/- molybdenum and gold mineralization in a setting similar to that of Oyu Tolgoi.

The drilling is widely spaced and numerous faults occur within the host sequence, hence geological correlations between holes and section lines are uncertain. Full results will be reported when complete assay information and geological interpretation has been received from Ivanhoe, the project operator