Etrusacn: News Release Gold Results
Successful Deep Drilling Continues At Samira
Etruscan Resources Inc. announced today that it has received results from the first five diamond drill
holes from the deep drilling program underway at the Samira Gold Deposit on the Tiawa Permit in
Niger. Drilling, which is being carried out by Placer Dome Exploration Inc., is focused on tracing the
high grade gold mineralization in the Main Zone to depth. Four of the five holes intersected the zone
and show that the mineralization is open and plunging to the east with depth. The deepest hole
(97SA094) intersected 33.5 meters with an average grade of 4.45 g/t gold, including 7.0 meters with
an average grade of 12.1 g/t gold. Significant intercepts are as follows:
HOLE NO.
FROM
(meters)
TO
(meters)
WIDTH
(meters)
GRADE
(grams/tonne)
97SA090B
265.5
306.0
40.5
2.62
97SA091
including
218.0
232.5
248.5
248.5
30.0
16.0
3.52
5.70
97SA092
including
258.0
273.0
280.0
280.0
22.0
7.0
1.98
3.32
97SA093
219.0
222.0
3.0
2.06
97SA094
including
285.0
310.0
318.5
317.0
33.5
7.0
4.43
12.13
Holes 97SA090B and 97SA094 were drilled on the same section downdip from previously reported
hole 97SA010 which intersected 59.0 meters with an average grade of 4.60 grams per tonne gold,
including 12.24 meters with an average grade of 17.00 grams per tonne. Holes 97SA091 and
97SA092 were drilled on the same section downdip from previously reported hole 97SA007 which
intersected 65.0 meters with an average grade of 6.17 grams per tonne gold, including 15.3 meters
with an average grade of 19.42 grams per tonne gold. Hole 97SA093 did not intersect the main lens
and defines the western edge of the zone.
Placer Dome Exploration Inc. is continuing to drill the Main Zone down plunge and to the east. Hole
97SA094 has proven gold mineralization to a vertical depth of 280 meters and the drill equipment
on-site is capable of drilling to vertical depths of around 350 meters. It is anticipated that drilling will
continue with the current rig until year end.
Placer Dome Exploration Inc. has also undertaken exploration over the remainder of the Tiawa
permit. New targets are being developed following an assessment of the combined Placer
Dome/Etruscan data for the Boulon Djounga West, Tondi Boubangou, Tiawa East and Tongou
Tonguey areas. Placer Dome Exploration Inc. crews are currently engaged in regional geochemical
surveys, geophysical surveys, geological mapping and RAB/auger drilling to complete a
property-wide evaluation.
Etruscan Resources Inc. is directly and through its subsidiaries 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 6% (2,006,834 shares) beneficially owned by NovaGold
Resources Inc. which is listed on The Toronto Stock Exchange under the symbol "NRI" and 12.3%
(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 |
