HALIFAX, Sept. 10 /CNW/ - Etruscan Resources Inc. reported on positive
exploration results following a regional geochemical survey covering 1,000 km2
over the Daoukro Permit in eastern Cote d'Ivoire. Disseminated gold
mineralization associated with a 1.8 kilometer long geochemical anomaly, has
been confirmed in bedrock by rotary-air-blast ("RAB") drilling, outcrop
sampling and trenching. The anomaly ("Dietekro") is characterized by strong
gold and arsenic in soils coincident with a prominent 75 meter high hill that
may be related to silicification. The Dietekro anomaly has been given the
highest possible priority as a reverse circulation drill target. Two other
targets are being developed with detailed soil sampling which are situated 14
kilometers northeast, and 8 kilometers southeast of Dietekro. Results from
Dietekro are highlighted by a RAB intersection of 39 meters of 1.8 grams per
tonne which included 3 meters of 7.3 grams per tonne, a trench result of 42
meters of 1.1 grams per tonne and a number of rock samples from the hilltops
ranging from 1.0 to 5.7 grams per tonne.
Road access to the hilltop was not possible and a single fence of RAB
holes was drilled in a low lying area in between the hilltops. Highlights from
the initial RAB drill results include:
- 39 meters at 1.8 g/t (including 3 meters at 7.3 g/t)
- 24 meters at 1.1 g/t
- 24 meters at 1.0 g/t (including 3 meters at 4.4 g/t)
- 6 meters at 2.7 g/t
- 3 meters at 3.4 g/t
Access to the hilltop by foot allowed for hand excavation of a single
trench situated 200 meters south of the RAB fence. The trench results returned
an average grade of 1.1 g/t over 42 meters (including 2 meters at 4.8 g/t).
RAB samples consisted of three meter composite samples and the trench was
sampled over two meter intervals.
Don Burton, Vice President Corporate Development stated "We have long
held the conviction that Cote d'Ivoire may provide the greatest opportunities
for new large-scale gold discoveries in West Africa by virtue of its
expansive, under-explored greenstone belts. Over the past 18 months our
geological teams have taken this virgin area of 1,000 km2 from scratch and
have now identified three solid target areas to focus on, and a large number
of significant regional results in excess of 100-500 ppb remain to be
investigated. Our first drill target at Dietekro looks like a sediment-hosted
system with widespread disseminated gold accompanied by strong alteration,
with a very strong coincident arsenic anomaly. This is the first target we
have developed in eastern Cote d'Ivoire and it has all the makings for a
significant discovery.
