Drilling just east of the Samira gold deposit in Niger, Etruscan Enterprises (EET-V) has intersected significant new mineralization.
The company is drilling the recently discovered Eastern Extension zone, where gold mineralization has been hit at vertical depths of 50-120 metres over a strike length of 200 metres. Intercepts include 1.04 grams gold per tonne over 31 metres in hole 27, 1.23 grams over 15 metres in hole 40, 1.36 grams over 23 metres in hole 43 and 2.23 grams over 22 metres in hole 44.
Results of auger drilling in this area indicate the gold mineralization extends to surface.
Hole 28, drilled 600 metres east of hole 43, returned 0.64 gram gold over 21 metres, and is believed to have intersected a new lens. Etruscan considers the ground between holes 43 and 28 to have potential to host more mineralization.
The Simira gold horizon has now been traced by geophysics over a strike length of 12.5 km — from the Eastern Extension through the Samira deposit to the Long Tom and Long Dave areas and up to the Boulong Djounga gold digging fields. Structural studies indicate that mineralization is controlled by bends (flexures) that occur along this horizon.
At Long Tom, two reverse-circulation (RC) drill holes testing a coincident geochemical and geophysical anomaly intercepted 1.03 grams gold over 21 metres and 0.79 gram over 12 metres, respectively. Geophysical work indicates that the favorable horizon intersected at Long Tom continues for another 4 km through the Long Dave trend.
Along the Boulong Djounga trend, RC drilling has intersected gold mineralization associated with an intrusive porphyry. Three holes tested this zone, and all returned significant intercepts, including 3.44 grams gold over 11 metres.
An estimate made earlier in the year based on 6,500 metres over 25 diamond drill holes, pegged the Samira deposit at 20.7 million tonnes grading 2.9 grams (or 1.9 million oz.) gold. The resource was calculated on a strike length of 600 metres with an average width of 50 metres and a downdip depth of 300 metres.
Etruscan holds a 56% interest in African Geomin Mining Development, the owner of the Tiawa concession.
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