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Etruscan began working in Ghana in 2006 under an option agreement with Redback Mining Inc. whereby Etruscan could earn a 100% interest in 580 km2 of ground in northern Ghana, including the Bole-Bolgatanga Gold Belt. These permits cover the southwestern extension of the Youga Gold Belt into Ghana. Throughout 2007 Etruscan looked to increase its land position in the prolific gold belts of southwestern Ghana. In August 2007 Etruscan entered into a joint venture with Haber Ghana Inc. to explore 1,331 km2 in the Sefwi Belt and the Kumasi Basin.
Bole-Bolgatanga Gold Belt
Previous work comprising regional soil geochemistry, trenching and RAB drilling has identified three drill
targets on the Nangodi Prospecting Licence and two targets on the Bolgatanga Reconnaissance Licence.
Reconnaissance RAB drilling intersections to be followed up include 6 meters of 4.4 g/t and 14 meters of 1.3
g/t on the Nangodi Prospecting Licence. Follow up drilling will also be carried out as a result of the sampling
on the historic trenches of Bolgatanga Reconnaissance Licence, which gave intersections of 12 meters of 7.0
g/t, 10 meters of 5.0 g/t, 8 meters of 5.7 g/t and 10 meters of 2.1 g/t.
Sefwi Belt and Kumasi Basin
The Etruscan-Haber joint venture properties are located in the Sefwi Volcanic Belt and the Kumasi
Sedimentary Basin which host significant gold deposits including the 13 million ounce Ahafo deposit, the
nine million ounce Bogoso-Prestea deposit, the five million ounce Bibiani deposit, the two million ounce
Obotan deposit, and the two million ounce Chirano deposit. These properties are all early stage projects that
will require systematic regional geochemical and geological surveys.
Maps and Photos
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