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About Etruscus Resources Corp.
Etruscus Resources Corp. (OTC: ETRUF) is a Vancouver-based mineral exploration company specializing in the acquisition and development of precious metal properties. The company's primary focus lies in advancing its flagship asset, the 100%-owned Rock & Roll Property, which spans approximately 29,344 hectares in the prolific Golden Triangle region of northwestern British Columbia, Canada. This region is renowned for its rich deposits of gold, copper, and other valuable resources, making it a prime location for mining exploration activities.
Flagship Asset: Rock & Roll Property
The Rock & Roll Property is strategically situated near the historic Snip mine and in proximity to major mineral discoveries by industry leaders such as Seabridge Gold and Skeena Resources. This positioning within a geologically favorable area underscores the property's potential for significant mineralization. Recent exploration efforts have identified the Discovery-Zappa trend, a promising target characterized by high chargeability anomalies, quartz-sericite-pyrite (QSP) alteration zones, and indications of a porphyry copper-gold system. These findings are supported by advanced geophysical surveys, including induced polarization (IP) and resistivity data, which have mapped extensive subsurface anomalies correlating with surface mineralization.
Exploration Strategy
Etruscus employs a data-driven approach to exploration, leveraging modern geophysical techniques and detailed geological mapping to identify high-potential targets. The company's focus on the Discovery-Zappa trend has revealed a substantial alteration footprint, with evidence of hydrothermal activity indicative of a well-mineralized system. By concentrating on underexplored areas and utilizing cutting-edge technology, Etruscus aims to maximize the discovery potential of its properties while minimizing exploration risks.
Competitive Landscape
Operating within the Golden Triangle, Etruscus faces competition from both established mining companies and emerging exploration firms. However, the company's targeted exploration strategy and focus on high-quality assets provide a competitive edge. The proximity of the Rock & Roll Property to major discoveries and its location along significant geological trends further enhance its attractiveness as a prospective mining project. Additionally, the Golden Triangle's established infrastructure and favorable jurisdiction for mining activities support the company's exploration objectives.
Core Value Proposition
Etruscus Resources Corp. offers investors exposure to the high-potential mineral exploration sector, with a specific emphasis on precious and base metals. The company's strategic focus on the Golden Triangle, combined with its advanced exploration techniques and experienced management team, positions it as a compelling player in the mining exploration industry. By targeting promising but underexplored areas, Etruscus aims to unlock significant value through the discovery and development of mineral resources.
Etruscus Resources (ETRUF) announced significant results from its 2024 IP survey at the Rock & Roll Property in British Columbia's Golden Triangle. The survey revealed an expanded Zappa anomaly, doubling from 300m to 700m eastward beneath the Twin Glacier. The chargeability anomaly measures 300m in width by 700m in length, extending 400m deep.
The target shows extensive QSP alteration with silica flooding and 2-10% disseminated pyrite, suggesting proximity to an intrusion. The location near the 'Red Line' Triassic-Jurassic unconformity indicates favorable early Jurassic age intrusions. Recent regional discoveries by Seabridge Gold (3km away) and Skeena Resources validate the area's potential, with Seabridge reporting 303m of 0.75 g/t Au and 0.10% Cu.
The company is planning a drill program for 2025 to test this expanded target.
Etruscus Resources Corp. (CSE:ETR) is gearing up for its 2023 drill program at the Lewis Property in Newfoundland, located near significant gold discoveries. The property spans 2,568 hectares and has identified multiple gold mineralized trends through advanced geophysical surveys. Etruscus is finalizing discussions with service providers for drilling expected to commence in early May 2023. Additionally, the company is raising up to $1,000,000 through a private placement, successfully closing its first tranche of $542,000. They are offering various units priced at $0.15 and $0.18, each with attached warrants. Shares are trading at $0.15, highlighting a distinct phase of activity for Etruscus as they advance exploration efforts and funding initiatives.
Etruscus Resources Corp. (OTC: ETRUF) announced promising results from its 2021 exploration program at the Lewis Property in Newfoundland. The program yielded 20 high-grade gold rock samples, with some exceeding 24.2 g/t Au. Notable findings include a 1.3 km extension of the Corsair Trend and several areas with elevated gold anomalies. The upcoming geophysical survey aims to define drilling targets for 2022. Etruscus aims to leverage its historic data and recent results to enhance its exploration efforts in this active gold region.
Etruscus Resources Corp. (CSE: ETR) has announced the resignation of Jason Leikam as President & CEO, effective immediately, due to personal reasons. Leikam will continue as a non-executive director. Fiore Aliperti, the Executive Chairman, has been appointed as the Interim President and CEO while the Board seeks a permanent replacement. The Company emphasizes its ongoing commitment to developing its mining assets, including the Lewis Property in Newfoundland, which is under option for full acquisition. Etruscus continues to explore opportunities in Canada’s gold-rich regions.
Etruscus Resources Corp. has secured a 100% interest in the Lewis Gold Property located in Newfoundland, encompassing 25.67 square kilometers. This acquisition follows a series of successful historical explorations and positions Etruscus amidst a booming gold exploration landscape. The deal requires staged payments totaling $870,000 and the issuance of 3.1 million shares over four years. Incoming CEO Jason Leikam emphasizes the strategic importance of this acquisition, complemented by a robust exploration plan aimed at identifying high-priority drill targets.
Etruscus Resources Corp. (CSE: ETR, OTC: ETRUF, FSE: ERR) has announced an increase in its non-brokered private placement to $2,700,000 due to significant market demand. The placement includes Flow-through Units priced at $0.35 and Non Flow-through Units at $0.30. A tranche closed on June 9, 2021, raising $1,000,025. Funds will support exploration of the Rock & Roll and Sugar Properties. The flow-through shares will qualify under Canadian tax regulations. The offering will close by June 30, 2021, and all issued shares will have a hold period.
FAQ
What is the market cap of Etruscus Resour (ETRUF)?
What is Etruscus Resources Corp.'s primary business?
What is the Rock & Roll Property?
What makes the Golden Triangle significant for mining exploration?
How does Etruscus identify exploration targets?
Who are Etruscus Resources' competitors?
What is the Discovery-Zappa trend?
What is Etruscus' exploration strategy?
What types of metals does Etruscus focus on?
What is the significance of the induced polarization (IP) survey results?
Why is the Rock & Roll Property strategically important?
