Etruscan appoints new Chief Operating Officer

    HALIFAX, April 23 /CNW/ - Etruscan Resources Inc. (EET.TSX) announced
today that Stephen Stine has been appointed Chief Operating Officer of the
Company. Mr. Stine brings considerable mining experience to Etruscan and his
immediate focus will be on the optimization of the Company's operations at the
Youga Mine in Burkina Faso. He was also recently appointed as a Director of
Etruscan to similarly strengthen the Board in this regard.
    Mr. Stine is a Professional Mining Engineer and founder and President of
Stine Consulting LLC, a company he formed in 2000 to provide consulting
services to the mining sector. Mr. Stine has over 37 years experience as an
officer, director, manager, developer and operator in the mining industry. His
operational experience spans a variety of commodities including base and
precious metals, uranium and molybdenum throughout the United States, Mexico,
Europe, Asia, Central and South America and Africa.

    Gerald J. McConnell, President of Etruscan stated:

    "We are delighted that our new strategic shareholder, Maxim Finskiy,
introduced Steve to us and that Steve has agreed to join our senior management
team. His wealth of mining experience will be an invaluable resource as we
continue to optimize operations at our Youga Gold Mine in Burkina Faso. As
part of this optimization process, we will be analyzing ways and means to
improve our existing financing and cost structures. Mr. Stine's appointment
represents the first step in executing on our strategic focus to grow Etruscan
into a successful international mid-tier gold producer through aggressive
acquisition and development plans. We are continuing our discussions with
Mr.Finskiy and his group to plot a course to achieve this goal."
    In 2005, Mr. Stine acted as Project Manager for Gold Fields Ltd. when
that company was undertaking the pre-feasibility study on the Essakane Gold
Project in Burkina Faso which is currently being developed by Iamgold. Mr.
Stine was a co-founder of Alamos Gold Inc. where he oversaw the feasibility
study and development of the 15,000 tpd Mulatos Gold Mine in Mexico which has
current reserves in excess of 1.6 million ounces. Mr. Stine's professional
career dates back to 1972 when he joined the Climax molybdenum mining
operations of AMAX and later went on to hold progressively more senior
management positions with the operations of Cyprus Minerals Company at
Thompson Creek, Twin Buttes and Bismark up until 1991. He was General Manager
of the 45,000 tpd Paradise Peak Gold Mine with FMC Gold from 1991-1994. Since
1994 Mr. Stine has held a number of senior executive management positions
including President of New Millennium Mining, Vice President Operations of
First Dynasty Mines, President and CEO of Laguna Gold, Chief Operating Officer
Alamos Gold, and VP Corporate Development Tournigan Gold. Mr. Stine is a
graduate of the Colorado School of Mines in Metallurgical Engineering and is
currently Director, President and CEO of Mega Moly Inc. and a director of

    About Etruscan Resources Inc.

    Etruscan Resources Inc. is a gold focused Canadian junior mining company
with dominant land positions in district scale gold belts covering more than
13,000 square kilometers in West Africa. Its principal mine development
projects include the Youga Gold Project in Burkina Faso (latest press release
dated March 9, 2009), the Agbaou Gold Project in Côte d'Ivoire (latest press
release dated December 18, 2008), and the Finkolo Gold Project in Mali (latest
press release dated July 2, 2008). Advanced and early stage exploration
projects are on-going in Burkina Faso, Mali, Côte d'Ivoire, Ghana (see press
release dated June 10, 2008) and Namibia (see press release dated January 15,
2009). Etruscan also has a 52.1% interest in Etruscan Diamonds Limited which
has a dominant land position in the Ventersdorp Diamond District located in
South Africa (latest press release dated December 12, 2008). The common shares
of Etruscan are traded on the TSX Exchange under the symbol "EET". More
extensive information on Etruscan can be found on its home page at

    This press release may contain certain forward-looking statements which
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Forward-looking
statements may include statements regarding exploration results and budgets,
mineral reserve and resource estimates, work programs, capital expenditures,
mine operating costs, production targets and timetables, future commercial
production, strategic plans, market price of precious metals or other
statements that are not statements of fact. Although the Company believes the
expectations reflected in such forward-looking statements are reasonable, it
can give no assurance that such expectations will prove to have been correct.
Various factors that may affect future results include, but are not limited
to: fluctuations in market prices of precious metals; foreign currency
exchange fluctuations; risks relating to mining exploration and development
including reserve estimation and costs and timing of commercial production;
requirements for additional financing; political and regulatory risks, and
other risks and uncertainties described in the Company's annual information
form filed with the Canadian Securities regulators on SEDAR (
Accordingly, readers should not place undue reliance on forward-looking


For further information:

For further information: Richard Gordon, Investor Relations, Etruscan,
(877) 465-3674, Fax (902) 832-6702,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890