Etruscus Identifies Areas of Anomalous Metals Using Biogeochemical Sampling at ROCK & Roll Property
ETRUSCUS IDENTIFIES AREAS OF ANOMALOUS
METALS USING BIOGEOCHEMICAL SAMPLING AT
ROCK & ROLL PROPERTY
June 7, 2019
Vancouver, BC: Etruscus Resources Corp. (CSE: ETR) (the “Company” or “Etruscus”), a Vancouver -
based junior exploration company , is pleased to announce the results from its 2019 Phase 1 exploration
program and the launch of Phase 2. A biogeochemical orientation survey (or “Survey”) was completed at
its 100%-owned Rock & Roll P roperty (the “Property”), near the past producing Snip mine situated in the
Eskay region of Northwest B.C.’s prolific Golden Triangle.
Survey Highlights
• The Survey was undertaken to test the effectiveness of biogeochemical (bark) sampling to identify
elevated pathfinder elements (Au, Ag, Ba, Cu, Fe, Hg, Pb, Se, Zn) in areas with thick overburden
where traditional soil sampling is ineffective;
• Trees are abundant, easy to sample, and provide reproduceable results;
• Results were successful in identifying areas of anomalous elements; and
• The biogeochemical survey provided valuable results to prioritize historical geophysical targets for
Phase 3 drill testing planned for later in the season.
Biogeochemical survey use has grown in B.C. in recent years and has proven to be able to identify
overburden-covered mineralization that have led to material discoveries in Canada, Australia, and
elsewhere around the globe.
A total of 58 bark samples were collected, including duplicates . The distribution of sampling was designed
to test over known mineralized and barren areas surrounding the Black Dog deposit. The sampling was
broken down to 17 samples across the exposed massive sulphide deposit, 19 samples across a projection
of the favorable stratigraphy (1.2 km south of the exposed massive sulphide), and 22 samples in a remote
area 1.7 km northwest of the exposed massive sulphide.
Selected pathfinder elements show a wide range with maximum values 12 to >2000 times detection limits
and up to 19 times the average values. This shows a clear and robust difference between anomalous and
background values in the sampling. All duplicates y ielded results within 0.2 standard deviations of the
original value, except for gold, which yielded more erratic duplicates. Very elevated single elements and
combined standardized elements clearly identify both the exposed massive sulphide deposit as well as the
favorable stratigraphy to the south.
An initial structural analysis was also performed over the sampling area during the recently completed field
visit to assess the existing geological setting and confirm trends that may define extensions or fold
repetitions of the Black Dog horizon. Combined with a review of the historic information by the geological
team and technical advisors, a more complex structural history exists than previously thought, leading to
potential offsets and fold repetitions of the exposed Black Dog Zone.
Phase 2 Exploration Program
A 12-day follow -up biogeochemical sampling program is currently underway. The 5 -person exploration
team will collect a total of ~750 samples across a 27 km 2 area, covering all projections of favorable
stratigraphy. Concurrently, a focused structural mapping program is being run. Both programs will help
assist the Etruscus team in prioritizing the geophysical anom alies for drill testing that have been identified
from detailed historic data analysis work.
A first pass site visit will also be made, weather permitting, on certain prioritized areas of the recently staked
new claims. These areas include previously rec orded mineral occurrences to the northwest of Hoodoo
Mountain and west of Crystal Lake Resources’ Newmont Lake Project.
Dr. Dave Webb, VP of Exploration for Etruscus, stated, “The success of the initial bark sampling program
is an important milestone fo r the Etruscus team this year. The Property has seen mixed success utilizing
geochemistry over the years due to overburden ,” Dr. Webb concluded. “Now that we know the use of
biogeochemistry is relevant over the Rock & Roll Property, the results of this Phase 2 program will provide
us with a dataset of geochemistry covering a much larger area to compliment the current geophysics re -
interpretation being carried out by Dr. Jules La joie. This will provide us with follow up targets for Phase 3
drilling later in the season.”
Change of Auditors
The Company also announces that it has changed auditors from Davidson & Company LLP (the “Former
Auditor”) to Manning Elliott LLP (the “Successor Auditor”). There were no reservations in the Former
Auditor’s audit report for the relevant period, being the financial year ended March 31st, 2018. In
accordance with National Instrument 51 -102 – Continuous Disclosure Obligations (“NI 51 -102”), the
Company filed a Change of Auditor Notice (the “Notice”) on SEDAR together with letters from both the
Former Auditor and Successor Auditor, with each letter confirming agreement with the statements
contained in the Notice, as applicable. There were no reportable events as defined in NI 51 -102 between
the Former Auditor and the Company. The board of directors had decided to change auditors and removed
the Former Auditor, and appointed the Successor Auditor as the Company’s auditor, until the next Annual
General Meeting of the Company.
QA/QC and Analytical Procedures
Etruscus employed a rigorous QA/QC program to ensure best practices in the execution of the Survey. A
combination of 58 samples were taken and shipped to ALS Laboratories in Terrace for preparation and
processing at their facility in North Vancouver, an ISO 17025 accredited laboratory which is independent
from the Company. The biogeochemical analyses were performed by ALS Global in North Vancouver using
VEG-MILL01 preparation and ME-VEG41 analysis. In addition to ALS’s internal QA/QC program, Etruscus
inserted 10% duplicates into the overall sampling stream.
Qualified Person
Technical aspects of this news release have been reviewed and approved by Dr. Dave R. Webb, Ph.D.,
P.Geol., P. Eng. designated as a qualified person under National Instrument 43 -101.
About the Rock & Roll Property
Etruscus Resources Corp. is a Vancouver-based exploration company focused on the development of its
100%-owned Rock & Roll Pro perty situated in the heart of Northwest B.C.’s prolific Eskay region. The
Property was originally staked in 1988 on behalf of the Prime Resources Group, one of Murray Pezim’s
companies.
In 1990, exploration (line cutting, geochemical soil sampling, mapping, prospecting, ground geophysical
surveys and trenching) led to the discovery of polymetallic, silver -gold-zinc-lead-copper massive sulphide
mineralization that became known as the Black Dog Zone. Notably, the broad surface expression of the
Black Dog Zone is readily apparent in geochemical soil samples and ground geophysical data.
In the period immediately following the discovery of the Black Dog showing, Prime drilled 94 holes totalling
11,063.2 meters, testing the Black Dog and SRV zone s. Subsequently, 20 holes totalling 3,321.6 meters
were drilled by several junior companies, mainly to expand the known mineralized zones. No work was
done on the Property from 2012 to 2018.
Etruscus acquired the Property in early 2018. At the time of acqu isition, it consisted of 14 contiguous
minerals claims totalling 4,723 hectares. In June 2018, 3 additional contiguous claims were staked. On
August 3, 2018, Etruscus reported a current NI -43-101 compliant Inferred Mineral Resource Estimate for
the Rock & Roll deposit which can be accessed on www.sedar.com. From March to May 2019, an additional
21 contiguous claims were staked , for a total contiguous area of 38 mineral claims covering of 21,336
hectares.
About Etruscus
Etruscus Resources Corp. is a well-funded Vancouver-based exploration company focused on the
development of its 100% -owned Rock & Roll Pr operty comprising 21,336 hectares situated near the past
producing Snip mine in Northwest B.C.’s prolific Eskay region. Total company holdings are 25,844 hectares
which includes 4,508 hectares located a pproximately 15 km west of the Property. Etruscus trades under
the symbol ETR on the Canadian S ecurities Exchange and currently has 19,394,001 shares issued and
outstanding.
On behalf of the Board of Directors:
/s/ “Gordon Lam”
Chief Executive Officer, President and Director
For further information:
Tel: 604-336-9088
Email: [email protected]
Web: www.etruscusresources.com
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This Press Release may contain statements which constitute ‘forward-looking’ statements, including
statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or
its officers with respect to the future business activities and operating performance of the Company. The words
“may”, “ would”, “ could”, “ will”, “ intend”, “ plan”, “ anticipate”, “ believe”, “ estimate”, “ expect” and similar
expressions, as they relate to the Company, or its management, are intended to identify such forward-looking
statements. Investors are cautioned that any such forward-looking statements are not guarantees of future
business activities or performance and involve risks and uncertainties, and that the Company ’s future
business activities may differ materially from those in the forward-looking statements as a result of various
factors. Such risks, uncertainties and factors are described in the periodic filings required by the Canadian
securities regulatory authorities, including quarterly and annual Management ’s Discussion and Analysis,
which may be viewed at www.sedar.com. Should one or more of these risks or uncertainties materialize, or
should assumptions underlying the forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned, anticipated, believed, estimated or
expected. Although the Company has attempted to identify important risks, uncertainties and factors which
could cause actual results to differ materially, there may be others that cause results not to be as intended,
planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume
any obligation, to update these forward-looking statements.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE)
accepts responsibility for the adequacy or accuracy of this release.