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Etruscan is uniquely positioned for growth in Africa having operated on that continent for over 14 years. Etruscan has a growing gold production profile from three properties (Youga, Burkina Faso, Agbaou, Côte d'Ivoire and Finkolo, Mali). This production is only the beginning of the Etruscan story. Etruscan holds strategic land packages in West Africa on a number of known gold belts covering over 8,000 km2 in four countries. This package represents one of the largest and most diversified land packages held by any company operating in West Africa with only a small fraction of the holdings presently being developed.
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West Africa - Significant Opportunity Exists
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Reserves and Resources
Updated as of December 31, 2009
| Project |
Reserves (oz) |
Gold |
Resources (oz)
(Inclusive of Reserves) |
Lower |
Proven
& Probable |
Price (USD) |
Measured
& Indicated |
Inferred |
Cutoff |
| Youga1 |
474,000 |
US$700 |
709,000 |
111,000 |
0.5 g/t |
| Total Attributable - 90% |
427,000 |
|
638,000 |
100,000 |
|
| |
|
|
|
|
|
| Agbaou2 |
731,000 |
US$1,000 |
1,015,000 |
272,000 |
0.5 g/t |
| Total Attributable - 85% |
621,000 |
|
863,000 |
231,000 |
|
| |
|
|
|
|
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| Finkolo3 |
NA |
|
687,000 |
301,000 |
0.5 g/t |
| Total Attributable - 40% |
NA |
|
275,000 |
120,000 |
|
| |
|
|
|
|
|
| Youga Satellites4,5 |
NA |
|
128,000 |
62,000 |
0.5 g/t |
| Total Attributable - 90% |
NA |
|
115,000 |
56,000 |
|
| |
|
|
|
|
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| Ouare6 |
NA |
|
NA |
323,000 |
0.5 g/t |
| Total Attributable - 90% |
NA |
|
|
291,000 |
|
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|
|
|
|
|
| Total |
1,205,000 |
|
2,539,000 |
1,069,000 |
|
| Total Attributable |
1,047,950 |
|
1,891,000 |
798,000 |
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1 Youga Mining Study - October 2006 Update, Youga Gold Project, Burkina Faso, West Africa, dated October 2006, prepared by RSG Global (Pty) Ltd. and MDM Ferroman (Pty) Ltd. dated May 2009, updated by Etruscan as of December 2009
2 Feasibility Study Report on the Agbaou Gold Project, Cote d'Ivoire, West Africa for Etruscan Resources Inc, dated November 2008, prepared by MDM Engineering International Ltd. and Coffey Mining Pty Ltd. updated by MDM Engineering International Ltd., September 2009
3 Technical Report, Tabakoroni Gold Deposit, Mali, West Africa, dated July 31, 2009 prepared by K. Kirk Woodman, P. Geo.
4 Nanga Deposit, Etruscan Internal Resource Estimate, dated May 2008, prepared by A. Mouton, P.Geo.
5 Tail Deposit, Etruscan Internal Resource Estimate, dated November 2008, prepared by A. Mouton, P.Geo.
6 Ouare Deposit, Etruscan Internal Resource Estimate, dated September 2008, prepared by A. Mouton, P.Geo.
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