January 7, 2008, Halifax, Nova Scotia - Etruscan Resources
Inc. (EET.TSX) reported that an updated resource estimation has been
completed for the Tabakoroni deposit on the Finkolo Permit in southern
Mali. The resource estimation was undertaken by Etruscan�s joint venture partner
Resolute Mining Limited ("Resolute"). At a 1 gram per tonne cutoff, Resolute has
reported 4.62 million tonnes of measured and indicated resource at 2.6
g/t (382,000 ounces) and a further 4.54 million tonnes of inferred resource at
2.5 g/t (364,000 ounces). This represents a 53% increase of contained gold over the previous estimation
reported in 2006 (see Resolute Mining Limited Quarterly Report June 30, 2006 and
Resolute Mining Limited press release dated January 7,
2008).
A detailed breakdown of the
resource classification at varying cutoff grades is presented in Table 1. The
resource has been reported to both JORC and 43-101 standards. A 43-101 compliant
report on the Tabakoroni Resource Estimation will be filed on SEDAR within 45
days.
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press release
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Etruscan Resources Inc.
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CODE : EET.TO |
ISIN : CA29786L1022 |
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Etruscan Res. is a producing company based in Canada. Etruscan Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 166.1 millions as of today (US$ 165.6 millions, € 127.6 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.48, and its lowest recent point on July 17, 2009 at CA$ 0.18. Etruscan Res. has 338 894 000 shares outstanding. |