Etruscan establishes priority drill target in eastern Cote d'Ivoire

    HALIFAX, Sept. 10 /CNW/ - Etruscan Resources Inc. reported on positive
exploration results following a regional geochemical survey covering 1,000 km2
over the Daoukro Permit in eastern Côte d'Ivoire. Disseminated gold
mineralization associated with a 1.8 kilometer long geochemical anomaly, has
been confirmed in bedrock by rotary-air-blast ("RAB") drilling, outcrop
sampling and trenching. The anomaly ("Dietekro") is characterized by strong
gold and arsenic in soils coincident with a prominent 75 meter high hill that
may be related to silicification. The Dietekro anomaly has been given the
highest possible priority as a reverse circulation drill target. Two other
targets are being developed with detailed soil sampling which are situated 14
kilometers northeast, and 8 kilometers southeast of Dietekro. Results from
Dietekro are highlighted by a RAB intersection of 39 meters of 1.8 grams per
tonne which included 3 meters of 7.3 grams per tonne, a trench result of 42
meters of 1.1 grams per tonne and a number of rock samples from the hilltops
ranging from 1.0 to 5.7 grams per tonne.
    Road access to the hilltop was not possible and a single fence of RAB
holes was drilled in a low lying area in between the hilltops. Highlights from
the initial RAB drill results include:
    - 39 meters at 1.8 g/t (including 3 meters at 7.3 g/t)
    - 24 meters at 1.1 g/t
    - 24 meters at 1.0 g/t (including 3 meters at 4.4 g/t)
    - 6 meters at 2.7 g/t
    - 3 meters at 3.4 g/t
    Access to the hilltop by foot allowed for hand excavation of a single
trench situated 200 meters south of the RAB fence. The trench results returned
an average grade of 1.1 g/t over 42 meters (including 2 meters at 4.8 g/t).
RAB samples consisted of three meter composite samples and the trench was
sampled over two meter intervals.
    Don Burton, Vice President Corporate Development stated "We have long
held the conviction that Côte d'Ivoire may provide the greatest opportunities
for new large-scale gold discoveries in West Africa by virtue of its
expansive, under-explored greenstone belts. Over the past 18 months our
geological teams have taken this virgin area of 1,000 km2 from scratch and
have now identified three solid target areas to focus on, and a large number
of significant regional results in excess of 100-500 ppb remain to be
investigated. Our first drill target at Dietekro looks like a sediment-hosted
system with widespread disseminated gold accompanied by strong alteration,
with a very strong coincident arsenic anomaly. This is the first target we
have developed in eastern Côte d'Ivoire and it has all the makings for a
significant discovery. In addition to our commitment to the development of the
Agbaou Gold Project which is at the feasibility stage, Etruscan will
concurrently be pursuing the considerable exploration potential of all its
exploration permits."
    The regional soil survey by Etruscan covered the entire 1,000 km2 permit
area using existing bush trails and roads for access, with over 6,000 samples
analyzed which demonstrated a high gold potential over the eastern half of the
permit. The anomaly at Dietekro hill was targeted early on because of gold
digging activity around the base of the hill and grab samples from the hilltop
returned up to 5.7 g/t. A detailed soil grid (50 m x 200 m) confirmed the
regional anomaly and outlined gold in soil anomaly with very strong,
coincident arsenic with values in excess of 1,000 ppm. The soil anomaly
corresponds in part with a topographic high with a 75 meter relief. In order
to confirm the soil anomaly Etruscan undertook a limited RAB drill and
trenching program over the most accessible area of the hillside. The trenching
consisted of a single, 183 m long trench and one fence of RAB holes 200 m
north. The RAB fence consisted of 32 holes (1,619 m) over a 600 meter width of
the anomaly testing to vertical depths between 25 m and 50 m in depth and
intersected widespread anomalous gold over much of the section with a number
of holes ending in mineralization. RAB drilling is an open-hole geochemical
sampling technique and requires confirmation by reverse-circulation or diamond
drilling for definitive resource calculation purposes.
    All soil samples are collected from hand-dug pits 20-30 cm deep, under
the supervision of Etruscan personnel and analyzed by standard Aqua-Regia
assay performed by ALS Laboratory facility in Bamako, Mali. All rock and RAB
sample preparations and standard 50-gram gold fire assays, were performed by
ALS Laboratories, Bamako, Mali. During regional geochemistry surveys and drill
programs Etruscan consistently employs a rigorous quality control and
assurance program comprising regular insertion of field duplicates. K. Kirk
Woodman, P.Geo., and Senior Project Geologist is the Qualified Person
overseeing Etruscan's exploration gold projects in West Africa and has
reviewed this press release.

    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
10,000 square kilometers in West Africa. Its principal gold mine development
projects include the Youga Gold Project in Burkina Faso, the Agbaou Gold
Project in Côte d'Ivoire, and the Finkolo Gold Project in Mali. Advanced and
early stage exploration projects are on-going in Burkina Faso, Mali, Côte
d'Ivoire; Ghana and Namibia. Etruscan also has a 47.4% interest in Etruscan
Diamonds Limited which has a dominant land position in the Ventersdorp Diamond
District located in South Africa where it is developing the Blue Gum Diamond
Project. 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