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Gold/Mining/Energy : EET Etruscan Enterprises T

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From: Salt'n'Peppa	1/24/2006 11:31:03 PM
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Etruscan cuts 14m of 67.9g/t gold (incl 2m of 465.2g/t)... ca.us.biz.yahoo.com Finkolo continues to deliver high grade gold for Etruscan in Mali Monday January 23, 11:02 am ET WINDSOR, NS, Jan. 23 /CNW/ - Etruscan Resources Inc. (EET.TSX) reported today on additional drill results from the Finkolo Gold Project in Mali, West Africa which continue to confirm the continuity of the main mineralized zone at Tabakoroni and the presence of high grade lodes. Continuity of this mineralized zone has now been confirmed over a strike length of 1.6 kilometers with the potential to extend to over 2 kilometers. The Finkolo Permit is contiguous with the Syama holdings of Resolute Mining Limited which host the 6.4 million ounce Syama gold deposit. Highlights from the current round of drilling at Finkolo include: 14 meters of 67.9 g/t Au from 33 meters in TAC-083 (including 2 meters of 465.2 g/t Au) 7 meters of 15.0 g/t Au from 24 meters in TAC-070 (including 2 meters of 43.3 g/t Au) 5 meters of 16.8 g/t Au from 114 meters in TAC-082 (including 1 meter of 73.8 g/t Au) 25 meters of 3.4 g /t Au from 71 meters in TAC-077 (including 4 meters of 9.3 g/t Au) This most recent drill program was initially planned to encompass only 5,200 meters however the program was expanded to a total of 6,075 meters in 62 holes (TAC066-127) to the end of December. The two meter intercept of 465.2 g/t Au in hole TAC-083 represents the highest grade intercept drilled to date at Tabakoroni, and comprised 1 meter of 336.9 g/t Au and 1 meter of 593.4 g/t Au. There is a significant backlog of samples at the assay laboratory and results have only been reported to hole TAC-083. Additional results from another 44 holes (TAC-084 to TAC-127) are pending and are expected shortly, after which drilling will continue. Resolute Mining Limited is managing and funding the exploration program at Finkolo pursuant to an option and joint venture agreement. Strong results continue to be reported from infill drilling in the central part of the Tabakoroni Zone and good results were reported along strike to the south in hole TAC-077 (25 meters (at) 3.4 g/t Au from 71 meters) which is some 400 meters south of the centre of the high-grade zone. Drilling has also been completed on nominal 50 meter sections throughout the northern part of Tabakoroni Zone right up to the Porphyry Zone where reconnaissance drilling had previously been conducted by Etruscan. Significant down the hole intercepts from the most recent drilling are reported as follows: (more...)

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