Entree Gold Reports on First Quarter 2012 - Energy Digital: "Greg Crowe, President and CEO commented, "Entrée's key projects in Mongolia and Nevada are progressing in the midst of the current market volatility. Many resource companies have seen sharp declines in their share prices since 2011 due to global economic uncertainty and Entrée is no exception. However, Entrée's assets continue to advance. Rio Tinto's expanded involvement related to the ongoing financing of the Oyu Tolgoi mine development is a testament to the quality of the Oyu Tolgoi project, of which Entrée's joint venture ground is an integral part. In keeping with our commitment to our shareholders, we recently released an updated resource estimate for the Ann Mason copper-molybdenum deposit, which resulted in a significant increase in overall tonnage. We are now proceeding with the preparation of a Preliminary Economic Assessment targeted for completion in the second half of 2012. We believe 2012 will be a pivotal year for Entrée as both of our key assets advance along the path towards development and production."
Highlights for the quarter ended March 31, 2012 and beyond include:
Mongolia"
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