Etruscan Resources Inc.

Etruscan Resources Inc. (TSX: EET) was among our half dozen 2009 Precious Metals Picks for resource developers published on January 1, 2009. At that time, Etruscan had exceeded its anticipated gold production levels at their Youga gold project in Burkina Faso with good potential to extend the life of the mine by drilling known satellite deposits including the new Ouare´ target only 35 km to the north. The likelihood for increased gold production, mine life, and gold reserves appeared good.

Image: 

Report File: 

EET.Note_.09.10.16.pdf

Etruscan Resources Inc. (TSX: EET) reported that Etruscan Diamonds has received an updated NI 43-101 compliant resource estimate on its Blue Gum Diamond Project in South Africa (EET owns 52% of Etruscan Diamonds).

Image: 

Report File: 

EET.Note_.08.10.08.pdf

We believe that the market does not fully recognize Etruscan Resources Ltd's (TSX: EET) position as a major exploration company, the current fundamental value of its achievements or its growing portfolio of opportunities.See full report.

Etruscan Resources Inc. (TSX: EET) reported results from 22 drill holes at the 1.7 km Tabakoroni Zone on its Finkalo Permit in Mali South. Resolute Mining Limited holds 60% of the joint venture and is the operator at Finkalo.

Image: 

Report File: 

EET.Note_.08.07.07.pdf

Presentation Image: 

Etruscan Resources Inc. Another equally interesting and under appreciated company is Etruscan Resources Inc. (TSX: EET), headquartered in Nova Scotia and trading close to its 52-week low...

Etruscan Resources Ltd. is scheduled to complete a Feasibility Study on its Agbaou project in Côte d’Ivoire in April of 2008, anticipating production in 2009. The combination of production from Agbaou, and cash flow from its Youga project with first gold pour scheduled for December 2007, should provide significant financial flexibility to explore its dominant land position in West Africa. See full report.

Image: 

Report File: 

EET.update.07.10.12.pdf

Etruscan Resources Inc. (TSX: EET) reports that construction at its Youga project in Burkina Faso is again accelerating now that the summer rains are receding. Progress is advancing, allowing the Company to schedule their first gold pour in December of 2007 with anticipation of reaching full commercial production by the end of March, 2008. Production from Etruscan’s 100% owned Youga project should provide approximately $20 million for exploration of its land position in West Africa, the largest of any mining company, without diluting shareholders See full report.

Image: 

Report File: 

EET.Note_.07.10.10.pdf

Etruscan Resources Inc. through Etruscan Diamonds has acquired the remaining 50% interest in the Tirisano Diamond Mine in South Africa. The acquisition of Tirisano increases the resource of the consolidated Blue Gum effectively doubling the previously scheduled production to 100,000 cubic meters per month. See full report.

Image: 

Report File: 

EET.note_.07.10.01.pdf

We recently visited the Etruscan Resources Inc. (TSX: EET) corporate office in Bedford, Nova Scotia. Despite recent weakness in the price of the company’s stock price we remain confident of the positive near-, mid-, and long-term prospects of the company. We were reminded on our visit of the company’s depth in multiple dimensions of important components of fundamental value. These include the overwhelming importance of management, the significant potential for the first “second generation” gold discoveries in West Africa, and potential to advance numerous projects to either production or feasibility. In addition, the company has additional unappreciated fundamental value in its diamond assets in South Africa, as well as hints of early “blue sky” exploration in Nambia.

Image: 

Report File: 

EET.Update.07.06.29.pdf

Etruscan Resources Inc. (TSX: EET) provided a construction update for its Youga project in Burkina Faso. Commissioning of the mine is scheduled for June of 2007. With its price protection program in place they anticipate free cash flow after debt service to the company of US$15 million for the first four years increasing to US$25 million thereafter for a period limited by expansion of resources.

Report File: 

EET.Note_.07.02.28.pdf

Etruscan Resources Inc. (TSX: EET) is spinning off its South African diamond interests into Etruscan Diamonds Limited.They will hold a 62% interest in the new entity, scheduled for completion this March, in which they will raise C$10 million tocomplete a feasibility study and upgrade an exploration plant capable of processing 50,000 m³ per month. The spin off is intendedto consolidate ownership and establish a team with resources capable of focusing and advancing the opportunity. Thecompany intends to bring its resource to production, complete a public offering, and list on the Toronto and Johannesburg exchanges.

Report File: 

EET.Note_.07.01.30.pdf

Etruscan Resources Inc. (TSA: EET) announced additional high grade assays from the Finkalo Gold Project in South Mali. Resolute Mining Ltd. (ASX: RSG) is the project manager, holding a 50% interest, with the ability to earn an additional 10% by spending $1 million in exploration. The next drill program is scheduled to include 61 holes (5,645 meters) of reverse circulation drilling.See full report.