Kevin,
This PR was just released June 23....
Etruscan Enterprises Ltd. - News Release - June 23, 1997
New Gold Discovery On The Tiawa Concession
Etruscan Enterprises Ltd. announced today a new gold discovery on
the Tiawa Concession in Niger, West Africa. The Boulon Djounga West
discovery is located on the Samira Horizon, approximately 10
kilometers west of the Samira gold deposit and is **outside of the
Placer Dome Exploration Inc. option area.**
The new discovery was initially made by trenching along a strong
coincident geophysical-geochemical anomaly. The anomaly has been
traced over a strike length of 3.6 kilometers however drilling and
trenching to date has focused on only a 350 meter portion of the
trend. Trenches are spaced at 50 meter intervals and the
significant assay results are as follows (in order from west to
east):
Trench No. From (m) To (m) Width (m) g/t Gold
---------- -------- ------ --------- --------
BJT9 26 51 25 0.72
123 133 10 0.36
BJT6 40 61 21 0.81
131 148 17 1.07
BJT8 33 55 22 0.33
BJT5 66 115 49 0.27
170 231 61 0.27
BJT7 71 80 9 2.22
BJT1 143 205 62 4.85
BJT4 9 19 10 0.88
131 144 13 0.58
----------------------------------------------------------------
Significant results from reverse circulation drill holes in the
vicinity of trench BJT1 include:
Hole No. From (m) To (m) Width (m) G/t Gold)
-------- -------- ------ --------- ---------
BJD-116 6 34 28 0.95
BJD-117 1 23 22 1.48
BJD-119 31 48 17 0.85
BJD-121 20 36 16 2.70
BJD-122 7 14 7 0.94
BJD-123* 17 58 41 1.84
* hole ended in mineralization from 57 - 58 meters = 3.18 grams per
tonne gold
Reverse circulation drilling has been unable to penetrate the zone
below 60 vertical meters due to the presence of a shallow water
table. A diamond drill has therefore been mobilized to the property
to explore the zone at depth and along strike. Diamond drilling
will commence next week and the reverse circulation rig will be
utilized as a shallow exploration tool to trace the horizon along
strike to Burkina Faso border. Geophysical surveys indicate that
the zone occurs in a sedimentary sequence which is up to 200 meters
thick and continues at depth.
The Boulon Djounga West discovery is considered very significant as
it represents another gold discovery along the Samira Horizon and
confirms the geologic model that the Tiawa Concession is host to an
emerging gold district. In addition to the Samira gold deposit
Ashanti/Iamgold have announced a significant discovery on the
eastern continuation of the Samira Horizon on the Saoura Concession
in Niger. The Samira Horizon has now been traced for over 25
kilometers in Niger. Etruscan's airborne geophysical surveys
indicate that the Samira horizon continues on to the contiguous
Datambi concession in Burkino Faso. Etruscan has recently
announced its involvement to acquire a 45 % interest in the 269
square kilometer Datambi Concession where the Company will explore
this extension of the Samira Horizon.
Etruscan Enterprises Ltd. is involved in the acquisition,
exploration and development of mineral properties in North America
and West Africa. The common shares of Etruscan are traded on The
Toronto Stock Exchange and The Vancouver Stock Exchange under the
symbol "EET". Etruscan is 7.1% (2,006,834 shares) beneficially
owned by NovaGold Resources Inc. which is listed on The Toronto
Stock Exchange under the symbol "NRI" and 14.9% (4,175,275 shares)
by Placer Dome Inc.
ON BEHALF OF THE BOARD OF DIRECTORS OF ETRUSCAN ENTERPRISES LTD.
__________________________________
Gerald J. McConnell, President
For information contact:
Angus G. MacIsaac, Dartmouth, Nova Scotia (902) 468 9270
Pierre Besuchet, Geneva, Switzerland (22) 732 53 55
Tony Hayes Toronto, Ontario (416) 368 0882
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
******************
Looks positive .... if they can prove up some tonnage this could be interesting.
MB |
