Entrée’s partnership with OTLLC covers part of the Shivee Tolgoi mining licence and all of the Javhlant licence, which cover the HNE and Heruga deposits plus other exploration targets and have a combined area of nearly 400 sq. km. Entrée has a carried participating interest in the licensed area, depending on the depth of mineralization.
Under the JV agreement, Entrée has a 20% participating interest in mineralization on the property extracted below 560 metres elevation, and a 30% participating interest in mineralization identified above 560 metres elevation.
Drill results
The new drill results comprise eight of the 33 drill holes completed by OTLLC during the 2023 program. Two were surface holes, each intersecting 1.62% copper equivalent (CuEq) over 448 metres, including 1.99% CuEq over 172 metres, and 1.17% CuEq over 143 metres, including 1.92% CuEq over 51 metres. The six underground holes returned…
