Drill results from its Agbaou deposit in Cte d’Ivoire failed to give a significant lift to Etruscan Resources‘ (EET-T) share price.
In Toronto on May 31 the companys shares inched 2 higher to $3.13 on roughly 116,000 shares traded.
Highlights from the program include:
- 10.7 metres of 8.1 grams gold per tonne (including 2.5 metres at 27 g/t)
- 16.5 metres of 6.8 grams gold per tonne (including 4.3 metres of 16.8 g/t)
- 5.0 metres of 4.8 grams gold per tonne (including 1 metre of 21.0 g/t)
- 19.5 metres of 6.2 grams gold per tonne (including 3.0 metres of 10.4 g/t)
- 15.9 metres of 3.2 grams gold per tonne (including 1.7 metres of 16.9 g/t)
The results are from 24 holes and 3,585 metres of drilling, and results from another 12 holes and 1,018 metres are pending.
Etruscan says it has finished drilling off the southern portion of the deposit on a 40 metre by 40 metre grid.
The company says mineralization remains open at depth and more drilling will be done to test those deeper extensions of the deposit, which Etruscan plans to mine via an open pit.
The historical, non-compliant, resource estimate for the deposit is 18.2 million tonnes grading 1.5 grams gold for 855,000 oz. in the indicated category, and 5.2 million tonnes grading 1.5 grams gold for 248,000 oz. in the inferred category.
The company has moved its drill rig to test new gold targets while it waits for results from the other holes.
New targets came from a geochemical soil survey which, the company says, found possible satellite deposits.
Thus far it has designated five targets for exploration drilling. Four of the drill targets are within 2 km of the main deposit while the fifth target is 3 km to the south.
Agbaou is situated 200 km northwest of Abidjan — the commercial capital of Cte d’Ivoire.
Etruscans permit covers 939 sq. km with 40 km of strike length on the major regional shear zone which hosts the deposit.
The property is accessible by paved highway and the main deposit is within 2 km of the national power grid, Etruscan says.
Etruscan also has the Youga Gold project in Burkina Faso, which is scheduled to go into production in June of this year.
Be the first to comment on "Etruscan gets results from Cte d’Ivoire"