Etruscus Outlines Prospective “Red LINE” IN Large Mineralized “Lightning Strike” Corridor at ROCK & Roll
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April 6, 2021 FSE: ERR
ETRUSCUS OUTLINES PROSPECTIVE
“RED LINE” IN LARGE MINERALIZED
“LIGHTNING STRIKE” CORRIDOR AT ROCK & ROLL
Vancouver, B C: Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the
“Company” or “Etruscus”) is pleased to announce the emergence of a 10 km by 2 km highly
prospective corridor known as “Lightning Strike” in the northwest portion of its expanded
Rock & Roll claims, 13 km northwest of the Company’s Black Dog VMS deposit.
Located on the western side of the Eskay Camp north of the Snip mine, the Lightning Strike Corridor
(the “Corridor”) has strong potential to host various styles of high-grade precious metal
mineralization. Plans are now underway to launch a major follow-up prospecting campaign covering
the area, commencing this quarter, ahead of summer drilling focused on confirming a new discovery
in a district known for its world class metal endowment.
• Lightning Strike’s Upper Stuhini-Lower Hazelton geology has potential to host both
VMS and epithermal mineralization;
• Recent geological mapping has projected the “Red Line” unconformity directly through
the 10 km x 2 km Lightning Strike Corridor (Click Here to View Map);
• Multiple high-grade veining systems discovered throughout the Corridor appear to
show epithermal mineralization similar to Pretium’s Brucejack deposit;
• Many high-grade grab samples* including 25 g/t gold and 332 g/t silver at Heather
Vein and 7,013 g/t silver and 12.7 g/t gold at Thunderstruck;
• Two newly-discovered large conductive targets along the mineralized Hurricane
Zone could represent another lens in the Black Dog VMS system; and
• Major glacial retreat , since the most recent historic work 38 years ago , has revealed
large areas of prospective red line stratigraphy. One glacier in the Corridor has retreated
over 2 kilometers since 1962.
(* Grab samples are selectively collected and are therefore not representative of all
mineralization hosted on the property.)
Hurricane/Thunderstruck Targets
Multiple geological factors have aligned to give rise to two immediate high priority areas along the
Lightning Strike Corridor: The Hurricane and Thunderstruck ta rgets (refer to January 13, 2021,
and January 19, 2021, news releases). Geological mapping in 2020 led by Jim Logan, who has
over 30 years of B.C. Geological Survey experience in the Golden Triangle, shows that both
targets are situated near the “Red Line” Stuhini-Hazelton unconformity. The Red Line, a key time
horizon closely related to most major deposits in the Golden Triangle, is very prominent within a
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major mineralized trend that goes through the majority of Etruscus’ properties (Click Here to
View Map).
Significant glacial retreat has occurred since the last historic work in 1983, opening up the majority
of this highly prospective Corridor that has never been systematically explored. During the past
two years, Etruscus has embarked on preliminary exploration programs to determine the potential
of the area. Initial geophysical, geochemical and geological data supports the Company’s thesis
that the package of rocks found along the 10 km length holds potential to host high -grade
mineralization in multiple areas, setting up the Corridor to be a key part of 2021 exploration.
Spring/Summer Plans
The Etruscus 2021 exploration season will be kicked off this quarter when “Operation Lightning
Strike” commences with ground truthing across multiple areas of interest in this Corridor. A major
program of mapping, prospecting and significant rock sampling will be implemented as soon as
ground conditions allow. Systematic sampling of the entire Corridor will generate a clear
understanding of the economic potential this prospective and recently unglaciated terrain holds.
Starting low down in the valleys, the exploration team w ill explore near the receding glaciers
before working upwards to identify the source of mineralization. Teams will also follow up on over
20 areas of interest highlighted from last year’s VTEM© survey, most of which have not seen any
historic work. Pursuant to results, collars will be finalized for summer drilling.
Gordon Lam, CEO and President, comments on the Lightning Strike Corridor , “The aggregate
results generated from work in 2019 and 2020 h ave thus far exceeded our expectations of the
expanded claims at Rock & Roll . Highly encouraging geophysical, geochemical and sampling
results indicate multiple mineralizing events occurred in this area . This Corridor holds excellent
potential to host any of the high-grade Golden Triangle deposit types; a continuation of the Black
Dog VMS system, intrusion-related gold veins similar to the Snip Mine, epithermal veining similar
to Pretium’s Brucejack mine (Click Here to View Image), and the younger Hazelton stratigraphy
above the red-line contact opens up potential for Eskay Creek style mineralization. Regardless of
the deposit model to be determined, we are excited to further follow up this new, unexplored and
highly prospective area in 2021.”
Qualified Person
Technical aspects of this news release have been reviewed and approved by James Moors, P.Geo.,
who is a Qualified Person as defined under National Instrument 43-101.
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.
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For Immediate Dissemination OTC: ETRUF
April 6, 2021 FSE: ERR
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