Etruscus Intersects Highest Copper Grades to Date at Black Dog
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ETRUSCUS INTERSECTS HIGHEST COPPER GRADES
TO DATE AT BLACK DOG
Vancouver, BC: Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the
“Company” or “Etruscus”) is pleased to announce core intersections from its 2020 drill campaign
that tested geophysical and geochemical anomalies in and around the company’s Black Dog
deposit. Results further demonstrate that the Black Dog VMS system, located in the Eskay Camp
of B.C.’s resource-rich Golden Triangle, is much larger t han previously indicated, and remains
open in all directions as well as at depth.
Notably, Etruscus has cut 5.2% copper (the highest copper grade ever recorded in drilling at Black
Dog) and 120 g/t silver over 0.60 m eters (“m”) within a broader 3.8 m interval grading 1.15%
copper and 27 g/t silver. This “feeder zone” mineralization also has highly anomalous gold, lead
and zinc in drill hole RR20-09, starting at a downhole depth of 101.2 m.
The drill program was designed to test four previously undrilled areas for new mineralization .
Drilling at t hree of the targets intersected mineralization including massive, semi-massive and
disseminated sulphides, expanding the strike length of the mineralized horizon by 43% to 4.0 km
from 2.8 km.
The extended mineralized strike length supports our theory that the VMS system which generated
the Black Dog Deposit could be significantly larger in size and scale, possibly extending to the
Hurricane target, 13 km northwest of the exis ting deposit , where similar geology has been
identified ( Click Here to View Hurricane News ). Additional areas within this extended
mineralized horizon remain untested and follow-up is planned for 2021.
Three of the areas drilled were large step-outs from the Black Dog deposit. Two of the large step-
out holes encountered the mineralized horizon an d unique geology correlative to the deposit.
Both intercepts at the Wall and Stardust targets prove the mineralized horizon is quite extensive
both along strike and down dip. This further increases the probability of locating another lens
within this horizon.
Black Dog
Drill hole RR20-09 was collared on the western edge of the Black Dog deposit with the goal of
testing depth potential underneath the horizon as a significant amount of historic drilling had only
been completed to a depth of 200 m. Etruscus was please d to intersect two massiv e sulphide
horizons demonstrating two different styles of mineralization within a 16 m package of favourable
horizon. Bedded massive sulphide including strong lead and zinc mineralization was followed by
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a deeper more copper-rich stringer style mineralization in the footwall. This second intercept was
the best copper grade reported across all historic drilling and the mineralization style matched
that of a VMS feeder zone. High copper grades reflect the hottest part of the system and can be
used as a targeting tool for future drilling (Click Here to View Core Image ). Advancing
knowledge at the Black Dog VMS can also be extrapolated to other areas of interest such as the
newly discovered Hurricane Target where very similar geology to that of the Black Dog has been
identified.
The Wall
Deep drilling at hole RR20-12 successfully tested and hit The Wall geophysical anomaly at 500
m below surface, near the depth pr edicted from 3D modeling. The drilling identified anomalous
silver, copper, and zinc and other elements that are reflective of hydrothermal mineralization and
metal enrichment. Black argillite and mudstones that are known to host the Blac k Dog
mineralization were identified as the host rocks.
Drilling at The Wall has identified the favourable horizon under the limestone cover to a depth of
500 m. This opens up large areas of prospective ground west of the Black Dog for further
exploration. The Company will identify subbasins where thicker metal accumulation is possible,
within this “string of pearl s” deposit model. Preliminary geological modeling has also
demonstrated that historic down dip drilling did not penetrate far enough to test the horizon (Click
Here to View Cross Section). Data is being reviewed and further geophysical work including IP
and/or ZTEM for deep drill targeting is being proposed.
Although conductivity is a primary targeting tool for VMS systems, certain deposits such as the
world class Eskay Creek, located 45 km east, are not highly conductive. Geochemistry and
geology are equally important and with each drill hole the geological model improves.
Stardust
The Stardust Target (RR20-11) was targeting biogeochemical and chargeability anomal ies
peripheral to a broad, strong, magnetic anomaly located 1.5 km southeast of the Black Dog
deposit. Assay results returned up to 32 g/t silver , with elevated lead and zinc , in a zone of
disseminated sulphides hosted in the typical Black Dog rocks of black argillite/mudstone. The
intersection was geologically and geochemically correlative to the Black Dog Horizon and has
therefore provided better spatial controls on this important time horizon.
Stardust remains an intriguing target and will be investigated in 2021 for the possibility of multiple
mineralized events. The biogeochemistry anomalies in the area have not been fully tested and
different projections of the horizon exist on this part of the property. Significant areas remain
untested and the potential for continued expansion remains high as follow up on the surface
geochemistry will help expand this target.
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A fourth drill hole (RR20-10) tested the Brown Sugar geophysical anomaly which was determined
to be caused by conductive clays. The Company is curren tly evaluating plans for 2021 which
could include both drilling near the Black Dog deposit, such as Angie to start the season, and at
new targets, the Hurricane and Thunderstruck, identified on recently staked Rock & Roll claims.
Hole From To Length Ag GPT Au GPT Cu % Pb % Zn % Au Eq*
RR20-9 89.7 97.2 7.5 34.27 0.92 0.12 0.09 1.32 1.82
RR20-9 101.2 105.0 3.8 27.00 0.47 1.15 0.04 0.28 2.63
Including 104.3 104.9 0.6 120.00 1.07 5.24 0.17 0.92 12.09
RR20-9 108.7 109.2 0.5 19.98 0.01 0.64 0.05 0.29 1.55
RR20-11 195.8 197.0 1.2 28.62 0.00 0.01 0.19 0.32 0.69
RR20-11 202.0 202.5 0.5 10.14 0.00 0.01 0.23 0.11 0.31
RR20-12 521.6 525.5 3.9 2.35 0.00 0.02 0.00 0.01 0.08
*Gold Equivalent (AuEq) was calculated using spot metal prices for March 1 st, 2021, Prices in US dollars are as follows;
US$1,724/oz gold, US$26.53/oz silver, US$4.15/lb copper, US$0.949/lb lead and US$1.27/lb zinc. Calculations are uncut and
recovery is assumed to be 100%. Lengths represent down hole drill core lengths and likely represent true widths.
Dave Webb, Vice President Exploration reports, “Positive intercepts in RR20-09 have helped us
better understand the mineralizing event , both at the Black Dog and Hurricane Targets. Hitting
the strongest copper grades to date also lets us vector in on possible feeder structures that may
lead to untapped mineralization. RR20-11 and 12 extend the favourable stratigraphy, providing
opportunities to evaluate other geophysical and geochemi cal anomalies along this trend where
untested horizons adjacent to the deposits may exist . Overall, we are pleased with our results
and look forward to the upcoming 2021 season. We continue to discover more evidence that the
Black Dog VMS system is large and scalable, and we are continually improving ou r geological
modeling to better pinpoint other, well-mineralized lenses to add to our existing resources.”
The following table identifies the 2020 drill hole locations (Click Here to View Map):
NAME HOLE ID E (NAD83Z9) NORTHING ELEVATION LENGTH AZIMUTH INCLINATION
Black Dog RR20-09 363326 6288063 145 400 45 -60
Brown Sugar RR20-10 363184 6287010 113 538 55 -45
Rob RR20-11 364203 6287152 152 454 45 -60
The Wall RR20-12 362692 6287351 111 583 45 -75
Qualified Person
Technical aspects of this news release have been reviewed and approved by Dr. Dave R. Webb,
Ph,D., P.Geo., who is a Qualified Person as defined under National Instrument 43-101.
QA/QC and Analytical Procedures
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The Company has adopted a rigorous quality assurance and quality control ("QA/QC") program
to ensure best practices in sampling both diamond drill core and surface rock chip samples of
approximately 1 kg in weight. The Company’s samples and drill core are being assayed by MSA
LABS which has facilities in Terrace and Langley, BC. and is independent of the Company. Core
is flown from drill sites to the core shack facility where it was sampled at 0.5-3 m intervals. The
samples were then half cut with one half sent to the lab and the other half stored on site. Once at
the lab, samples were crushed to 70% pass 2mm fraction, and then a 250g split was pulverized
to better than 85% passed a 75 -micros screen. The geochemical analyses were performed by
MSA LABS using multi-element aqua -regia digestion ICP -MS package (IMS -111). Gold was
analyzed by fire assay technique FAS -114. Higher gold grades (>3 g/t) were analyzed by fire
assay. MSA LABS is a provider of geochemical laboratory services for the exploration and mining
industries is an ISO 17025 (Testing and Calibration) and ISO 9001 (Quality Management System)
accredited laboratory. In addition to the lab’s internal QA/QC program, the Company inserted 10%
lab certified standards, blanks and field duplicates into the overall sampling stream.
About Etruscus
Etruscus Resources Corp. is a Vancouver-based exploration company focused on the development
of its 100%-owned Rock & Roll and Sugar properties comprising 27, 880 hectares near the past
producing Snip mine in Northwest B.C.’s prolific Golden Triangle.
Etruscus is traded under the symbol “ETR” on the Canadian Securities Exchange, “ETRUF” on the
OTC and “ERR” on the Frankfurt Stock Exchange and has 28,514,306 common shares issued and
outstanding.
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Company Contact
Gordon Lam, CEO
Email: [email protected]
Telephone: 604-336-9088
Website: www.etruscusresources.com
Investor Relations Contact
Derek Wood
Email: [email protected]
Telephone: 403-668-7855
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