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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