Drill Resuls finally.
Etruscan Enterprises Ltd. - News Release - May 22, 1997
TSE, VSE Symbol: EET
Placer Dome In-Fill Diamond Drilling Supports Etruscan Results
May 22, 1997, Dartmouth, Nova Scotia
Etruscan Enterprises Ltd. announced today
assay results from Placer Dome Exploration Inc. diamond drilling
of the Samira deposit (Main, East and West zones) located in
Niger, West Africa. To date Placer Dome Inc has completed 55
diamond drill holes and has provided complete assay results to
Etruscan for the first 30 holes. Significant results are
summarized as follows:
Samira Gold Deposit
HOLE NO. FROM (m) TO (m) WIDTH (m) GRADE g/t Au ZONE
------------------------------------------------------------
97SA-001 81.5 143.8 62.3 5.97 Main
97SA-002 163.0 197.0 34.0 3.09 Main
97SA-003 42.7 85.2 42.5 2.87 Main
97SA-004 60.3 92.8 32.5 1.72 Main
including 72.0 92.8 20.8 2.22
97SA-005 168.1 201.4 33.3 3.22 Main
97SA-006 20.0 70.0 50.0 1.92 Main
including 31.0 68.0 37.0 2.34
77.5 99.0 21.5 0.91
97SA-007 172.0 237.0 65.0 6.17 Main
including 217.7 233.0 15.3 19.42
97SA-008 34.5 57.0 22.5 0.57 Main
97SA-009 172.6 177.5 4.9 0.99 Main
97SA-010 224.0 283.0 59.0 4.60 Main
including 265.0 282.0 17.00 12.24
97SA-011 32.5 60.0 27.5 0.87 Main
97SA-012 163.5 220.8 57.2 3.15 Main
97SA-013 163.5 220.8 57.2 3.15 Main
including 199.7 220.8 21.0 5.43
97SA-014 10.9 22.2 11.3 1.04 Main
97SA-015 83.2 108.5 25.03 1.37 Main
97SA-016 18.5 31.5 13.0 1.01 Main
97SA-023 8.0 22.0 14.0 0.87 Main
including 46.0 87.0 41.0 1.44
HOLE NO. FROM (m) TO (m) WIDTH (m) GRADE g/t Au ZONE
------------------------------------------------------------
97SA-018 97.4 114.0 16.6 1.94 East
97SA-019 116.1 126.0 9.9 0.88 East
97SA-021 23.0 39.0 16.0 1.27 East
97SA-024 216.0 236.0 20.0 1.94 East
97SA-027 84.0 103.0 19.0 0.67 East
including 153.0 161.0 8.0 1.04
176.8 186.0 9.2 4.23
97SA-039 174.0 197.0 23.0 1.68 East
97LT-025 86.7 88.9 2.2 1.89 West
97LT-026 104.0 114.0 10.0 0.57 West
97LT-029 81.0 92.85 11.85 0.85 West
Drilling continues to focus on the Main Zone to follow up on
intercepts in holes 97-2, 97-7, and 97-10, and to test recent
geophysical interpretations in the West Zone.
Etruscan has continued exploration on the ground outside the
Placer Dome optioned area of the Tiawa Permit to prioritize
targets for detailed exploration including diamond drilling. Most
of this work, consisting mainly of induced polarization
geophysical and auger drilling, geochemical surveys, complemented
by limited trenching and reverse circulation drilling has been
concentrated along the Tonde Boubangou 10 kilometre target and the
5 kilometre target in the Boulon Djounga West zone. Promising
targets are emerging from this preliminary exploration and the
company will report on these findings in due course.
The Boulon Djounga West Zone has been traced to the Burkina Faso
border by airborne and ground geophysics. Because of the
outstanding potential, Etruscan has recently acquired a 45 percent
interest in BF GeoMin Mining Development Corporation, the holder
of the 269 square kilometre Datambi Permit in Burkino Faso
covering the western extension of the BD West Zone.
Reconnaissance geochemical surveys have been completed and
indicate that the geology and potential for gold mineralization is
similar to the Tiawa permit.
Etruscan Enterprises Ltd. is involved in the acquisition,
exploration and development of mineral properties in North America
and West Africa. Etruscan is presently exploring 3 exploration
permits (Tiawa, Kossa and Koma Bangou) in Niger, West Africa from
which it has discovered in excess of 2 million ounces of gold to
date. The common shares of Etruscan are traded on The Toronto
Stock Exchange and The Vancouver Stock Exchange under the symbol
"EET". Etruscan is 7.4 percent (2,006,834 shares) beneficially
owned by Nova Gold Resources Inc. which is listed on The Toronto
Stock Exchange under the symbol "NRI" and 15.3 percent (4,175,275)
by Placer Dome Inc.
ON BEHALF OF THE BOARD OF DIRECTORS
OF ETRUSCAN ENTERPRISES LTD.
Angus G. MacIsaac, Secretary Treasurer
The Vancouver Stock Exchange has neither approved nor disapproved of the contents of this news release.
For more information contact:
Angus G. MacIsaac, Dartmouth, Nova Scotia (902) 468-9270
Pierre Besuchet, Geneva, Switzerland (22) 732 53 55
William Young, Toronto, Ontario (416) 368-0882
More extensive information on Etruscan, can be found on our home page at etruscan.com
Head Office
Suite 300, 3 Spectacle Lake Drive
Dartmouth, Nova Scotia, Canada
B3B 1W8
Phone: (902) 468 9270
Fax: (902) 468 9279
E-mail: info@etruscan.com
Website: etruscan.com
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