UPDATE: Entree Gold Reports First Resource Estimate for Blue Hill Copper Deposit; Shares in the Green, Up Nearly 4%
Entree Gold Inc. (ETG.TO) reports the first resource estimate for the Blue Hill copper deposit, located 1.5 kilometres northwest of the Ann Mason copper-molybdenum porphyry deposit.
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.
ETG rose nearly 4% to 45 cents but is trading close to year low 39 cents. Volume traded so far is over 12,000.
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