August 6, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Entrée Gold Inc. (TSX: ETG) (AMEX: EGI) has approved a total of $3.7 million for work on its Ann Mason property in Nevada. The property was acquired as part of a transaction in which Entrée acquired all of the shares of PacMag Metals Ltd. That deal closed on June 30.

The company said that a budget of up to $2.7 million has been approved to conduct deep-penetrating induced polarization geophysical surveys, to be followed by core drilling to explore the potential for higher grade mineralization at depth and for extensions west of the currently defined Ann Mason resource.

Entrée said that the resource totals in excess of seven billion pounds of copper associated with porphyry-style mineralization and alteration, which includes a bornite-bearing, higher grade core zone. Entrée said that around 9,100 metres of drilling is planned in nine holes.

The Blue Hills copper oxide zone straddles the western boundary of the Ann Mason property. Entrée said that a budget of US $1.07 million has been proposed to conduct detailed geochemical sampling and drilling to test the extent of shallow oxide copper mineralization in this area.

Drilling is expected to consist of 15 to 20 holes totaling between 4000 and 5000 metres. In addition, Entrée is currently conducting a $1.1 million exploration program on the adjoining Blackjack property to the west, which is under option from HoneyBadger Exploration Inc. (TSX Venture: TUF). This program includes drilling of the western portion of the Blue Hills anomaly where it extends onto the Blackjack property.

Canada-based Entrée Gold is a mineral exploration company focused on the worldwide exploration and development of copper and gold prospects. The company's flagship Lookout Hill property in Mongolia surrounds the 8,500-hectare Oyu Tolgoi project of Ivanhoe Mines. A portion of the Lookout Hill property is subject to a joint venture with Ivanhoe Mines, through its subsidiary Oyu Tolgoi LLC.

The joint venture property hosts the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit.

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