Azzuro Resources has identified nine new prospective copper targets at the Oval project in Mongolia using 3D IP surveying. While drill hole CRS05 at Copper Ridge returned narrow gold mineralization (4m at 0.30g/t Au) instead of significant copper, the company sees a clear path toward a JORC resource and upcoming commercial studies.
Azzuro Resources has announced maiden JORC (2012) Exploration Target estimates for its Oval (Cu-Ni-PGE) and Red Hill (Cu-Au-VMS) projects in southwest Mongolia. The two projects are located only 8km apart, suggesting district-scale potential and opportunities for shared infrastructure. A priority drilling program is imminent to test these targets and move toward resource definition.
Entrée Resources has announced drill results from its Entrée/Oyu Tolgoi joint venture property in Mongolia, including high-grade copper-gold-silver intercepts from infill drilling at the Hugo North Extension (HNE) deposit and significant copper-molybdenum results from regional exploration at the Ulaan Khud target. The company also provided an update on the ongoing process to transfer JV mining licenses to OT LLC, which is necessary for underground development work. Several drill holes, particularly in regional exploration, returned no significant mineralization, and true widths were not provided for most intercepts.
Erdene Resource Development Corporation has reported significant copper-silver drill results from its Khuvyn Khar porphyry system in Mongolia. Hole ZMD-162 intersected 65 metres of 0.63% Cu and 2.9 g/t Ag, including a high-grade interval of 30 metres at 1.25% Cu and 6.1 g/t Ag.
Entrée Resources reported its Q3 2025 interim financial results, noting an operating loss of $0.6 million. The company is currently navigating legal and regulatory processes in Mongolia to transfer mining licences to OTLLC, which has caused a pause in certain underground development work.
Kincora Copper Limited has resecured 100% ownership of its Mongolian copper-gold portfolio following the withdrawal of Orbminco Limited from their earn-in agreement. The portfolio includes the Bronze Fox project, which contains an existing Inferred Mineral Resource Estimate at the West Kasulu prospect.
Entrée Resources announced strong partial drill results from the 2022 program at its Hugo North Extension deposit in Mongolia, with notable intercepts including 274m at 2.79% CuEq and 300m at 3.46% CuEq. These results, the first from HNE since 2011, confirm significant copper and gold grades and will be incorporated into an updated resource estimate. The company also reported that underground development work on the Entrée/Oyu Tolgoi JV Property is scheduled to commence in H2 2024, marking a significant milestone for the project.
