HALIFAX, July 7 /CNW/ - Etruscan Resources Inc. (EET.TSX) reported today
that its Youga Gold Mine located in Burkina Faso, West Africa produced 5,127
ounces of gold in June from 67,651 tonnes of ore compared to 3,626 ounces
produced in May. Etruscan is continuing to work towards achieving a minimum
monthly production of 7,000 ounces and plant throughput of 80,000 tonnes.
Operations at Youga are under the direct supervision of Etruscan's newly
appointed Chief Operating Officer, Stephen Stine, who has been based at site
since early May. Mr. Stine's mandate is to optimize operations at Youga to
achieve steady state production, and in this regard he is also overseeing the
strengthening of the mine management team.
Stephen Stine, P.E., Chief Operating Officer of Etruscan, is the
Qualified Person overseeing production and development at the Youga Gold
Project and has reviewed and approved this press release.
About Etruscan Resources Inc.
Etruscan Resources Inc. is a gold focused Canadian junior mining company
with dominant land positions in district scale gold belts covering more than
13,000 square kilometers in West Africa. Its principal mine development
projects include the Youga Gold Project in Burkina Faso, the Agbaou Gold
Project in Cote d'Ivoire and the Finkolo Gold Project in Mali. Advanced and
early stage exploration projects are on-going in Burkina Faso, Mali, Cote
d'Ivoire, Ghana and Namibia. Etruscan also has a 47.4% interest in Etruscan
Diamonds Limited which has a dominant land position in the Ventersdorp Diamond
District located in South Africa. The common shares of Etruscan are traded on
The TSX Exchange under the symbol "EET". More extensive information on
Etruscan can be found on its home page at http://www.etruscan.com
This press release may contain certain forward-looking statements which
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Forward-looking
statements may include statements regarding exploration results and budgets,
mineral reserve and resource estimates, work programs, capital expenditures,
mine operating costs, production targets and timetables, future commercial
production, strategic plans, market price of precious metals or other
statements that are not statements of fact. Although the Company believes the
expectations reflected in such forward-looking statements are reasonable, it
can give no assurance that such expectations will prove to have been correct.
Various factors that may affect future results include, but are not limited
to: fluctuations in market prices of precious metals; foreign currency
exchange fluctuations; risks relating to mining exploration and development
including reserve estimation and costs and timing of commercial production;
requirements for additional financing; political and regulatory risks, and
other risks and uncertainties described in the Company's annual information
form filed with the Canadian Securities regulators on SEDAR (www.sedar.com).
Accordingly, readers should not place undue reliance on forward-looking
statements.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS
RELEASE
