Crystal Property, British Columbia
In September 2009, Entrée entered into an agreement with Taiga Consultants Ltd. of Calgary, Alberta to acquire the Crystal property in central British Columbia. Under the terms of the agreement, Entrée may acquire 100% interest in the property subject to a 1% NSR royalty after completing $500,000 in exploration expenditures.
The Crystal property is located approximately 120 kilometres west-southwest of Prince George and is comprised of ten contiguous claims covering almost 4,800 hectares. It is an early stage molybdenum-copper prospect with an untested, sizeable and strong geochemical anomaly that lies in an area of known molybdenum deposits, such as Thompson Creek’s Endako Mine.
A short prospecting and sampling program was completed in October 2009 and a geophysics program was contracted with Aeroquest Limited for a 550 line kilometre airborne magnetic and electromagnetic geophysical survey. This survey was conducted in May 2010, using the advanced helicopter-borne AeroTEM III system. Follow-up ground prospecting and geological mapping will be undertaken upon receipt and interpretation of the airborne results. Based on the results of this work, drill testing may be undertaken in the latter half of the year.
