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Gold/Mining/Energy : EET Etruscan Enterprises T -- Ignore unavailable to you. Want to Upgrade?

To: KC Jones who wrote (114)	11/26/2002 1:29:15 PM
From: JR.	Read Replies (1) \| Respond to of 281

Mine Manager Appointed for Tirisano Diamond Mine WINDSOR, NOVA SCOTIA, Nov 26, 2002 (CCNMatthews via COMTEX) -- Etruscan Resources Inc. (EET:TSX) and Mountain Lake Resources (MOA:TSX) announced today the appointment of Daniel Van Der Merwe as Mine Manager for the Tirisano Diamond Mine located near Ventersdorp, South Africa. Mr. Van Der Merwe has extensive operating experience with alluvial diamond mines in South Africa. He most recently worked as Project Manager for Namakwa Diamond Company (Pty) Ltd. overseeing their West Coast Project. Prior to this Mr. Van Der Merwe was Superintendent - Metallurgy & Engineering for Trans Hex Group's Saxondrift Mine where he successfully built, commissioned and operated a number of diamond processing plants. Trans Hex is the second largest producer of diamonds in South Africa. Gerald McConnell and Allen Sheito, respectively President and Chief Executive Officers of Etruscan and Mountain Lake jointly stated, "We are pleased to have an individual of the calibre of Mr. Van Der Merwe as Mine Manager at Tirisano. Mr. Van Der Merwe brings a wealth of experience to the company and is building a solid operating team at the mine. On behalf of Etruscan Diamonds (Pty) Ltd. , we extend a sincere welcome to Mr. Van Der Merwe." The initial phase of the Tirisano Mine is forecast to process 1.2 million tonnes and recover 19,200 carats per annum. The plant was successfully commissioned at the end of October and since that time a number of modifications have been made to increase plant efficiency. The scrubber unit has experienced down time as a result of a manufacturing flaw in the drive assembly, which has now been remedied. This down time has limited production. However, the gravels processed to date have yielded gem quality diamonds in a size range consistent with original projections. The largest single stone that has been recovered from Tirisano since processing began in late October is 14.05 carats. Etruscan Diamonds (Pty) Ltd. will report on the details of the diamonds recovered once a minimum of 100,000 tonnes of diamondiferous gravel has been processed.