Gold production continues to improve at Etruscan's Youga Mine

    HALIFAX, Sept. 2 /CNW/ - Etruscan Resources Inc. (EET.TSX) reported today
that monthly production from its Youga Gold Mine located in Burkina Faso, West
Africa continues to improve, with August production of 6,526 ounces of gold
from 76,314 tonnes of ore. This is compared to 6,093 ounces produced in July
and 5,127 ounces in June. The Youga Mine is continuing to work towards
achieving a minimum monthly production of 7,000 ounces and plant throughput of
80,000 tonnes.
    Operations at Youga are under the direct supervision of Etruscan's Chief
Operating Officer, Stephen Stine, who has been based at site since early May.
Mr. Stine's mandate is to optimize operations at Youga to achieve steady state
production, and in this regard he is also overseeing the strengthening of the
mine management team.
    Stephen Stine, P.E., Chief Operating Officer of Etruscan, is the
Qualified Person overseeing production at the Youga Gold Mine and has reviewed
and approved 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

                         THE CONTENT OF THIS RELEASE

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