Entrée Gold has mobilized a field crew to begin the 2010 exploration program at its Lookout Hill prospects in southern Mongolia.
Exploration will start in the new field season at Entrée’s 100%-owned western portion of the Shivee Tolgoi mining licence (Shivee West), adjacent to the Oyu Tolgoi mine development program.
Although the northern winter prevented physical exploration work, the company has been re-evaluating previous deep penetrating geophysical work.
The surveys cover a belt of prospective Devonian rocks identified in earlier programs which are geologically similar to the Devonian-aged setting of the Entree-Ivanhoe Mines’ joint venture deposits, Hugo North Extension and Heruga, and Ivanhoe Mines’ nearby Oyu Tolgoi deposits.
The geophysical re-evaluation will be combined with further geochemical and geological surface work to generate new drill targets. About 5000 metres of follow-up drill testing is planned for later in 2010.
The company is also working through the mining licence application process in order to convert all or a portion of its Togoot exploration licence to a mining licence. A decision regarding the conversion application is expected shortly.
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