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| | Wed Sep 2, 2009
Gold Production Continues To Improve At Etruscan's Youga Mine
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Halifax, Nova Scotia, September 2, 2009 -- Etruscan Resources Inc. (EET.TSX) reported today that monthly production from its Youga Gold Mine located in Burkina Faso, West Africa continues to improve, with August production of 6,526 ounces of gold from 76,314 tonnes of ore. This is compared to 6,093 ounces produced in July and 5,127 ounces in June. The Youga Mine is continuing to work towards achieving a minimum monthly production of 7,000 ounces and plant throughput of 80,000 tonnes.
Operations at Youga are under the direct supervision of Etruscan's Chief Operating Officer, Stephen Stine, who has been based at site since early May. Mr. Stine's mandate is to optimize operations at Youga to achieve steady state production, and in this regard he is also overseeing the strengthening of the mine management team.
Stephen Stine, P.E., Chief Operating Officer of Etruscan, is the Qualified Person overseeing production at the Youga Gold Mine and has reviewed and approved this press release.
About Etruscan Resources Inc.
Etruscan Resources Inc. is a gold focused Canadian junior mining company with dominant land positions in district scale gold belts covering more than 10,000 square kilometers in West Africa. Its principal gold mine development projects include the Youga Gold Project in Burkina Faso, the Agbaou Gold Project in Côte d'Ivoire, and the Finkolo Gold Project in Mali. Advanced and early stage exploration projects are on-going in Burkina Faso, Mali, Côte d'Ivoire; Ghana and Namibia. Etruscan also has a 47.4% interest in Etruscan Diamonds Limited which has a dominant land position in the Ventersdorp Diamond District located in South Africa where it is developing the Blue Gum Diamond Project. The common shares of Etruscan are traded on The TSX Exchange under the symbol "EET". More extensive information on Etruscan can be found on its home page at http://www.etruscan.com
For more information from Etruscan contact:
Richard Gordon, Investor Relations,
email: rgordon@etruscan.com
Tel: (877) 465-3674/ Fax (902) 832-6702
This press release may contain certain forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements may include statements regarding exploration results and budgets, mineral reserve and resource estimates, work programs, capital expenditures, mine operating costs, production targets and timetables, future commercial production, strategic plans, market price of precious metals or other statements that are not statements of fact. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Various factors that may affect future results include, but are not limited to: fluctuations in market prices of precious metals; foreign currency exchange fluctuations; risks relating to mining exploration and development including reserve estimation and costs and timing of commercial production; requirements for additional financing; political and regulatory risks, and other risks and uncertainties described in the Company's annual information form filed with the Canadian Securities regulators on SEDAR (www.sedar.com). Accordingly, readers should not place undue reliance on forward-looking statements.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS RELEASE |
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| | You can view the Next News Releases item: Thu Sep 10, 2009, Etruscan Establishes Priority Drill Target In Eastern Cote D'Ivoire
You can view the Previous News Releases item: Thu Aug 6, 2009, July Gold Production Continues Upward Trend at Etruscan's Youga Mine
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