Entree
Increases Exploration at Lordsburg,
New Mexico
Vancouver, B.C., September 17, 2008 - Entr�e Gold Inc. (TSX:ETG;
AMEX:EGI; Frankfurt:EKA - "Entr�e" or the "Company") has
increased its U.S.
exploration budget by US$1.2 million. These funds will be used to advance
exploration at the Company's Lordsburg project in southwestern New
Mexico. Lordsburg is located within a SE-trending belt
which hosts several large current and past copper producers, including Freeport
McMoran's Morenci, Tyrone and Safford operations.
The Lordsburg
claims cover 3,885 ha (9,600 acres) adjacent to the historic Lordsburg
copper-gold-silver district. From 1880 through to 1975, the district
produced approximately 3.96 million tonnes averaging 2.25% Cu, 52 g/t Ag (1.51
oz/ton), and 1.90 g/t Au (0.055 oz/ton) with minor lead and zinc.
Production was from high grade easterly and northeasterly trending veins.
Entr�e is evaluating the potential for larger tonnage porphyry targets.
Entr�e has signed a
contract for a minimum 2,500 metre diamond drill program. Drilling is
anticipated to commence early in the fourth quarter, subject to permit approval
from the Bureau of Land Management and the State of New
Mexico.
Geophysical,
geological and geochemical work to date, including detailed induced
polarization ("IP"), has outlined several chargeability anomalies
under younger cover rocks. An additional 45 line-kilometres of IP/Resistivity
and Natural Source AMT surveys have recently been completed to further
delineate the two of the three strongest chargeability anomalies. All
three of the targets occur at depths of 200 to 400 metres below the surface and
lie within an east-west corridor that extends for 8.5 kilometres (5
miles).
Geological mapping
and geochemical sampling were conducted in conjunction with the geophysical
surveys. A total of 163 rock samples and 1,361 soil and soil pH samples
were collected as part of the target evaluation.
The western target,
which represents the largest of the chargeability anomalies, coincides in part
with an area of tourmaline and secondary biotite alteration, moderate to strong
epidote alteration and peripheral quartz-calcite veining. Anomalous
copper values in grab samples collected in this area range in value from 0.12 -
2.78% Cu (average 0.72% Cu in 41samples).
Lordsburg
geophysical targets are shown on a map posted on www.entreegold.com.
Robert Cann,
P.Geo., Entr�e's Vice-President, Exploration, a qualified person as defined by
NI 43-101, supervised the preparation of the technical information in this news
release.
ABOUT ENTR�E GOLD
INC.
Entr�e Gold Inc. is
a Canadian mineral exploration company focused on the worldwide exploration and
development of gold and copper prospects. Most notably, the Company is a large
landholder in Mongolia,
where it holds three exploration licenses that comprise the 179,590-hectare
Lookout Hill property. Lookout Hill completely surrounds the
8,500-hectare Oyu Tolgoi project of Ivanhoe Mines, and hosts the Hugo North
Extension of the Hugo Dummett deposit and the newly discovered Heruga deposit.
The Company
continues to explore its large landholdings in Mongolia
as well, including the coal discovery Nomkhon Bohr. Entr�e is also
evaluating new opportunities throughout the region and elsewhere in Asia.
Entr�e plans to explore the Huaixi copper project in Zhejiang
Province in China,
under the terms of an agreement with the No. 11 Geological Brigade. In
North America, the Company is exploring for copper-molybdenum porphyry systems
in the southwest USA.
The Company is also
seeking additional opportunities to utilize its expertise in exploring for deep
and/or concealed ore deposits. With a treasury in excess of $60 million,
the Company is well funded for future activities.
Ivanhoe Mines and
Rio Tinto are major shareholders of Entr�e, holding approximately 15% and 16%
of issued and outstanding shares respectively.
FURTHER INFORMATION
This News Release
contains forward-looking statements. Forward-looking statements are statements
which relate to future events. In some cases, you can identify forward-looking
statements by terminology such as "may", "should",
"expects", "plans", "anticipates",
"believes", "estimates", "predicts",
"potential" or "continue" or the negative of these terms or
other comparable terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may cause our or
our industry's actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of activity,
performance or achievements expressed or implied by these forward-looking
statements.
While these
forward-looking statements, and any assumptions upon which they are based, are
made in good faith and reflect our current judgment regarding the direction of
our business, actual results will almost always vary, sometimes materially,
from any estimates, predictions, projections, assumptions or other future
performance suggested herein. Except as required by applicable law, including
the securities laws of the United States, the Company does not intend to update
any of the forward-looking statements to conform these statements to actual
results. Readers are referred to the sections entitled "Risk Factors"
in the Company's periodic filings with the British Columbia
Securities Commission, which can be viewed at www.SEDAR.com, and with the United
States Securities and Exchange Commission, which
can be viewed at www.SEC.gov.