08:29 AM EST, 11/04/2024 (MT Newswires) -- Entree Resources ( ERLFF ) reported Monday additional drill results from its 2023 drilling program over the Hugo North Extension deposit on the Entree/Oyu Tolgoi joint venture property in Mongolia.

Highlights include 448 meters grading 1.62% copper equivalent, including 172 meters grading 1.99% copper equivalent.

"Hugo North, including the Hugo North Extension deposit on the JV Property, continues to demonstrate the potential to be one of the best copper-gold deposits discovered in the last 50 years," President and CEO Stephen Scott said. "I look forward to seeing all drill results incorporated into an updated resource model for Hugo North Extension Lifts 1 and 2."

Entree's share price fell 1.6% on Friday to $1.82 on the TSX.