Etruscan Resources






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Etruscan controls in excess of 3,100 km2 of strategic landholdings throughout Mali located on the world class gold belts of Mali West and Mali South. Etruscan has landholdings to the south and west of the Sadiola Mine as well as landholdings contiguous to the Loulo Mine, the Kalana Mine and the Syama Mine.

Finkolo Gold Project, Mali South

Youga Regional Permits and Zone Areas
Drilling of High Grade Zones
Resolute Mining earn-in is focused on delineating high grade resources in strike extensions of the Syama Gold Belt

Etruscan's most advanced project in Mali is on the Finkolo exploration permit located in Mali South approximately 300 kilometers southeast of Bamako. The Finkolo permit covers 160 square kilometers along the Syama gold belt and is contiguous with the Syama holdings of Resolute Mining Ltd. which hosts the 6.4 million ounce Syama gold deposit. Resolute is managing and funding the exploration program at Finkolo pursuant to an option and joint venture agreement. Resolute earned a 50% interest in Etruscan's 100% interest in the Finkolo Permit by expending US$2,000,000 prior to October 1, 2006 and elected to earn an additional 10% interest by contributing a further US$1 million to expenditures on the permit, which have been completed. Under the terms of the joint venture agreement Resolute must fund all costs of the joint venture until production of a feasibility study and Etruscan will reimburse Resolute from 50% of its share of future project cash flow.
Mali South Land Position
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Finkolo Resource

A resource estimate was prepared by Resolute on the Tabakoroni Zone of the Finkolo permit in November 2007 and is summarized as follows:

Tabakoroni Mineral Resource
Cutoff
Grade
Measured Resource Indicated Resource Inferred Resource
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
0.5 gpt 4,580,000 1.96 g/t 289,000 2,340,000 1.96 g/t 147,000 9,110,000 1.60 g/t 468,000
1.0 gpt 3,140,000 2.52 g/t 254,000 1,480,000 2.68 g/t 127,000 4,540,000 2.49 g/t 364,000

A further drill program is presently underway to test the potential of the Tabakoroni Zone at vertical depths of approximately 150-300 meters below surface.

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Keniebandi Gold Project, Mali West

In Mali West, Etruscan has over 600 km2 that is contiguous with the Sadiola property of AngloGold Ashanti and IAMGOLD. It covers the southern extension of the Mali West Shear Zone along strike of the 14 million ounce Sadiola Mine in the Kofi Formation as well as prospective ground to the west in the Keniebandi Formation.

In the Keniebandi Formation, Etruscan made a significant gold discovery at Diba in June of 2006. Exploration outlined an area of anomalous gold mineralization over a distance of 2.5 kilometers and the Company focused drilling on the southeastern portion of the zone where mineralization was most consistent and higher grade. Diba is characterized by disseminated gold in a broad low grade (0.1 to 0.5 g/t) halo over 20 to 50 meters in thickness with narrow bonanza grade intercepts of 60-900 g/t over 1 to 2 meters. The last round of drilling at Diba confirmed that mineralization in the arkosic sediments is open downdip to the east, and a number of reconnaissance holes in the northwest intercepted wide zones of low-grade gold mineralization in a series of intrusive rocks. Exploration drilling will continue to focus on these two aspects of Diba.

The discovery at Diba and subsequent confirmation by diamond drilling of similar mineralization 10 kilometers to the south at Kobokotosou, and indications from auger drilling of another system 30 kilometers to the south at Keniebandi strongly suggest that Etruscan may have discovered a new district-scale gold belt with potential for additional new discoveries.

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Maps and Photos

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Auger Drilling
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:Show image 'Casmir and Moussa looking at core in Diba, Mali' in New Window:
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Casmir and Moussa looking at core in Diba, Mali
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:Show image 'Core being removed from core barrel in Diba, Mali' in New Window:
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Core being removed from core barrel in Diba, Mali
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:Show image 'Core Drilling - Diba, Mali' in New Window:
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Core Drilling - Diba, Mali
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:Show image 'RC Drilling (Etruscan Rig), Mali' in New Window:
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RC Drilling (Etruscan Rig), Mali
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:Show image 'Tabakoroni Deposit: Open at Depth' in New Window:
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Tabakoroni Deposit: Open at Depth
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:Show image 'The Diba Gold Discovery, Mali West - Soil Anomaly Confirmed with Single Sample Augering' in New Window:
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The Diba Gold Discovery, Mali West - Soil Anomaly Confirmed with Single Sample Augering
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:Show image 'The Diba Gold Discovery, Mali West - Gold Confirmed to 30M Depth with Multi-Sample Augering' in New Window:
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The Diba Gold Discovery, Mali West - Gold Confirmed to 30M Depth with Multi-Sample Augering
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:Show image 'Etruscan Operates Its Own Rotary Air Blast (RAB) Drills' in New Window:
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Etruscan Operates Its Own Rotary Air Blast (RAB) Drills
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:Show image 'The Diba Gold Discovery, Mali West - Gold Confirmed to 67M Depth with RAB Drilling' in New Window:
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The Diba Gold Discovery, Mali West - Gold Confirmed to 67M Depth with RAB Drilling
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:Show image 'Second and Third Targets Confirmed By Single Sample Auger Over a 30 KM Distance' in New Window:
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Second and Third Targets Confirmed By Single Sample Auger Over a 30 KM Distance
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:Show image 'One of Etruscan's truck mounted auger drills used in exploration throughout Mali' in New Window:
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One of Etruscan's truck mounted auger drills used in exploration throughout Mali
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