Entree Gold Announces First Resource Estimate from the Blue Hill Copper Deposit

Entree Gold (TSX:ETG, AMEX:EGI, NYSE:EGI) announced first resource estimate from its Blue Hill copper deposit.

As quoted in the press release:

Combined Inferred oxide and mixed resource categories total 72.13 million tonnes averaging 0.17% copper (at a base case 0.10% copper cut-off), or 277.5 million pounds of copper. The underlying Inferred sulphide resource is estimated to contain 49.86 Mt averaging 0.23% copper at a base case 0.15% copper cut-off.

Entree Gold’s President and CEO, Greg Crowe, said:

This first resource estimate on the Blue Hill Deposit is very encouraging. The near surface, easily leachable material could enhance the entire Ann Mason project, through the potential production from copper oxide in the early stages of Ann Mason development. The copper oxide mineralization at Blue Hill has not been closed off, and other known and underexplored areas of oxide mineralization on the project property could significantly add to the overall tonnage. In addition, the full extent of the sulphide mineralization underlying the copper oxide at Blue Hill has not been determined. This preliminary sulphide resource is based on a limited number of drill holes, and it is our belief we are dealing with a much larger mineralized system. More exploration drilling will be required to determine its full extent and relationship to the nearby Ann Mason deposit.

To view the whole press release, click here.