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Gold/Mining/Energy : Etruscan Enterprises Ltd
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To: Tony Beresford who wrote (34)2/27/1997 6:13:00 AM
From: Andrew London   of 235
 
Tony, Placer started diamond drilling on January 29th, I understand fourteen holes are completed and the next 17 or so have started. The core for the first round has been sent for fire assay along with other tests. We have five drill rigs outside the Placer area and results will be made public in the near future.

For what it is worth I have had numerous calls from brokers and shareholders who have called the investor relations department at Placer Dome and were informed it is Placers view that there is a minimum of 5 million ounces at Samira, the Samira deposit in intself forms a small part of their 81 kilometer option area. Our drilled inferred resource at Samira is 1.81 million ounces todate.

We have a very intense exploration progrm underway outside the option area, I would guess we have over 350 people on site at Tiawa. At Kossa we have begun an explortion program which among other efforts includes trenching and auger drilling. Our new CAT excavator arrived last week from the United States.

At Koma Bangou follow up exploration efforts are underway as well as our plans to start the construction of a 50,000 tonne heap leach pilot plant.

The market over the past two weeks has really focused on the story, the stock has gone from $3.90 to a high trading yesterday of $5.25.

We have been performing presentations in Vancouver last week and London this week. I will be doing the Toronto area starting next week for almost two weeks then we are off to the US.

There are various news letter writers that are writting stories on Etruscan in both Canada, the U.S. and Europe. All in all it is going to be fun to watch.

Thanks again for your interest and stay tuned for more.

Andrew
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