Etruscus Resources (CSE:ETR, OTC:ETRUF) Corp has kicked off its field exploration program for 2022 at its Rock and Roll property in British Columbia’s Golden Triangle.
The program will zero in on two new targets that were identified during the course of the 2021 program, the company said in a statement.
Phase 1 of the program will consist of an 11 line-kilometre (km) induced polarization (IP) survey over the new Heather and Discovery targets; geochemical soil and rock sampling and mapping, and follow up work on anomalous gold in silt samples concentrated in an unexplored valley.
READ: Etruscus Resources kicks off 2022 exploration with IP survey on its Lewis property in Newfoundland
Previous exploration by Etruscus at the Heather Zone confirmed the high-grade results for the historical program of up to 25.4 grams per ton (g/t) gold along with 332 g/t silver, 5.1% lead and highly anomalous arsenic and antimony. The work also determined that these veins occur on the margin of a 350 x 200 metre (m) zone of intense pyrite-quartz vein stockwork and intense pyrite alteration, both features typically associated with porphyry systems.
Elsewhere, the geology and geochemistry suggest that the Discovery Zone represents high level alteration of a robust hydrothermal system that may have porphyry copper-molybdenum mineralization at depth. The showing is less than 200 m above the Stuhini-Hazleton contact, and the alteration zone has yet to be drill tested, Etruscus said.
"From the results of the 2021 exploration program we have managed to identify two hydrothermal alteration zones hosted in lower Hazelton stratigraphy which indicate shallow level alteration possibly above two separate porphyry copper-gold systems,” Stephen Wetherup, the firm’s vice president of exploration said in a statement.
“The geological setting and location within this region make these targets highly prospective and we are very excited to complete the first induced-polarization survey over them to define drill targets."
Positive results from Lewis
Etruscus also revealed the completion of its nearly 30 line-km IP survey conducted by Abitibi Geophysics, on its Lewis property in central Newfoundland. Lewis is located 5 km south of the Trans-Canada Highway in the Gander Gold Belt, approximately 10 km west of the Keats Zone discovery, currently being drilled by New Found Gold Corp.
Results from the rock and soil sampling have greatly expanded the areas with gold-arsenic-antimony targets on the Lewis property, Etruscus said.
As a result, the firm advanced to the next milestone of its option agreement, completing payment of $150,000 and issuing 625,000 shares to the vendors of the property.
Vancouver-based Etruscus’s assets include the Lewis property in central Newfoundland, which is under option to acquire a 100% interest, and the 100%-owned Rock and Roll and Sugar properties comprising 27,880 hectares near the past producing Snip mine in Northwest BC’s prolific Golden Triangle.
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