Profile: Entree Gold Inc (ETG.TO)
19 Sep 2014
Entree Gold Inc. (Entree), incorporated on July 19, 1995, is an exploration-stage company focused on exploration and development of copper, gold and molybdenum projects. The Company has development and exploration properties in Mongolia, the United States, Australia and Peru. The Company has an interest in a development-stage project, engaged in the exploration of mineral resource properties located in Mongolia, the United States, Peru and Australia. Its two principal assets are the Lookout Hill property in Mongolia, which hosts a copper-gold porphyry system and the Ann Mason copper-molybdenum property in Nevada. The Lookout Hill property in Mongolia consists of two mining licenses: Shivee Tolgoi and Javhlant. In the United States, it holds the Ann Mason Ann Mason copper-molybdenum project and other prospects, which include Blue Hill and Shamrock property. Entree optioned two properties contiguous to Ann Mason, Blackjack and Roulette, under agreements with Honey Badger Exploration Ltd. and Bronco Creek Exploration Inc., which is a wholly owned subsidiary of Eurasian Minerals Inc. The Ann Mason Project in Nevada includes the 100% owned Ann Mason deposit and Blue Hill oxide target, as well as the Blackjack, Minnesota and Roulette targets. Effective March 1, 2013, Sandstorm Gold Ltd acquired a 12.17% stake in Entree Gold Inc.
The Lookout Hill property in Mongolia consists of two mining licenses: Shivee Tolgoi and Javhlant. The Shivee Tolgoi and Javhlant mining licenses completely surround Oyu Tolgoi LLC’s (OTLLC) Oyu Tolgoi project, and host the Hugo North Extension of the Hugo Dummett North copper-gold deposit and the Heruga copper-gold-molybdenum deposit. A portion of the Lookout Hill property is subject to a joint venture with Ivanhoe Mines, through its subsidiary Oyu Tolgoi LLC. (the Entree-OTLLC Joint Venture). The joint venture property hosts the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit. The Entre-OTLLC Joint Venture covers 39,807 hectares consisting of the eastern portion of the Shivee Tolgoi and all of the Javhlant mining licences. The Joint Venture Property is contiguous with, and on three sides (to the north, east and south) surrounds OTLLC’s Oyu Tolgoi mining licence. The Joint Venture Property hosts the Hugo North Extension deposit and the Heruga deposit. OTLLC is the manager of the Entre-OTLLC Joint Venture. The portion of the Shivee Tolgoi mining licence outside of the Joint Venture Property (Shivee West) covers an area of 35,173 hectare. Shivee West is 100% owned by Entre but is subject to a right of refusal by OTLLC.
The Hugo North Extension located in the northern portion of the Oyu Tolgoi trend, is a porphyry copper-gold deposits. Heruga is a gold, copper-molybdenum porphyry deposit that lies at the south end of the 20 kilometers-long Oyu Tolgoi Trend. Shivee West consists of the western portion of the Shivee Tolgoi mining license (Shivee West), which is 100%-owned by Entree. The 100%-owned Togoot mining license is located approximately 40 kilometers northwest of Shivee West and contains the Nomkhon Bohr coal deposit. This property features a number of near-surface coal seams located approximately 75 kilometers to the northwest. The portion of the Shivee Tolgoi mining license outside of the Joint Venture Property (Shivee West) covers an area of 35,242 hectares.
United States of America
The Ann Mason deposit is a porphyry copper-molybdenum deposit located near Yerington in western Nevada, approximately 75 km southeast of Reno.
As of May 20, 2011, Entree held 100%, through its wholly owned subsidiary, M.I.M. (U.S.A.) Inc., in the Ann Mason deposit and other prospects, such as Blue Hill (copper-molybdenum) and Shamrock (high-grade copper). In North and South America, the Company is exploring for porphyry-related copper systems in Nevada, Arizona, New Mexico and Peru. The primary asset in Nevada is the Ann Mason property, which contains an inferred mineral resource Blue Hill oxide target, which is located approximately 3 km northwest of the Ann Mason deposit; and the Blackjack, Roulette and Minnesota targets.
Lukkacha property is located in Tacna Province of southeastern Peru. This exploration project consists of five concessions totaling 4,400 hectares, which cover two areas of surface alteration, iron oxides and quartz veining approximately 50 kilometres along the structural trend southeast from the giant Toquepala mining operation of Grupo Mexico.
The Blue Rose copper-iron-gold-molybdenum joint venture property covers exploration licence EL 3848 in the Olary Region of South Australia, 300 kilometres north-northeast of Adelaide. Magnetite iron formations occur in the southern portion of this 1,000 square kilometre tenement, and a zone of copper oxide mineralization and a gold target (Golden Sophia) are located in the north-central area of the tenement. Mystique is an early stage gold exploration property comprised of exploration licence E28/1915, held by Entre. The property is located in the Albany-Fraser Province of West Australia.
Entree Gold Inc
Suite 1201, 1166 Alberni Street
VANCOUVER BC V6E 3Z3