Entree Increases Exploration at Lordsburg, New Mexicoadmin
Entree Gold Inc. 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. Entree is evaluating the potential for larger tonnage porphyry targets.
Entree 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 41 samples).
Lordsburg geophysical targets are shown on a map posted on www.entreegold.com.