Etruscus Samples High-Grade Copper and Silver at Sugar; Vtem Results Suggest Massive Sulphide Source
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March 16, 2021 FSE: ERR
ETRUSCUS SAMPLES HIGH-GRADE
COPPER AND SILVER AT SUGAR;
VTEM RESULTS SUGGEST MASSIVE SULPHIDE SOURCE
Vancouver, B C: Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the
“Company” or “Etruscus”) is pleased to announce VTEM© and rock sampling results from the
Sugar Property “Hammer” target, just 5 kilometres northwest of the Company’s flagship Rock &
Roll Project in the Eskay Camp. The “Hammer” has been upgraded to a well-defined drill target
due to its strong geophysical and geochemical signatures.
Hammer Target Highlights:
• New airborne geophysical survey (VTEM) has identified a 100-m long x 300-m wide
magnetic anomaly underlying a historic magnetite skarn showing;
• Multiple discrete conductors, slightly offset from the mag high and possibly associated
with massive sulphides, broaden the area of interest to at least 500 meters;
• 2020 rock sampling at this historic showing returned high-grade copper results, including
8.3% Cu (grab) and 5.5% Cu (float), with five out of six samples grading over 1.5% Cu;
• Grab samples also revealed anomalous Au, Ag and Co values.
Other exploration in 2020 at Sugar also returned favorable results including:
• Skarn trend (Click Here to View Map) extended to 3 km with identification of a new
massive sulphide showing;
• Angular float B0026887 returned 8.2% Zn and 0.3% Cu upstream of any historical
showings, indicating more mineralization in unexplored areas;
• Two samples from a 30-cm wide historic quartz vein that plunges underneath a talus
slope returned high copper and silver values. Grab sample B0026713 assayed 5.6%
Cu, 225 g/t Ag and 0.4 g/t Au. Float sample B0026774 assayed 2.9% Cu, 483 g/t Ag
and 0.7 g/t Au.
The Sugar Property has seen favorable developments in recent years with significant g lacial
retreat opening up new areas for exploration. Work completed in the past two years has expanded
the Company’s geological understanding of the area and has led to the discovery of new zones
of copper mineralization. Geological mapping led by Jim Logan, who has over 30 years of B .C.
Geological Survey experience in Northwest B .C., also helped identify local stratigraphy and
mapped various intrusions at Sugar. The region immediately surrounding the Sugar Property is
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seeing improved infrastructure and access, in particularly related to the advancement of Galore
Creek, located approximately 24 km north. O ne of the largest undeveloped copper, gold, and
silver projects in the world, Galore Creek is currently operated under a Teck -Newmont joint
venture and is building a road to within 10 km of Sugar.
Grab sampling results indicate the potential for a copper-rich deposit type. 14 of 36 rock samples
taken (39%) during 2020 have graded over 0.25% copper (shown below):
Sample # Easting Northing Type Rock type Cu % Ag g/t
B0026814 344898 6304239 Float Quartz Vein 8.26 45.43
B0026773 339110 6304495 Grab Quartz Vein 5.62 225.00
B0026754 344966 6304389 Grab Skarn 5.48 22.05
B0026857 344954 6304384 Grab Siltstone 3.48 10.54
B0026774 339111 6304505 Float Quartz Vein 2.96 483.00
B0026753 344922 6304375 Float M. Magnetite 2.44 8.43
B0026893 344950 6304260 Grab Skarn 1.58 13.21
B0026888 338383 6306132 Grab Andesite 0.55 5.95
B0026778 337571 6310667 Grab M. Sulphide 0.50 1.33
B0026875 338510 6309136 Grab Felsic dyke 0.31 2.21
B0026887 338552 6306074 Float Skarn 0.28 1.32
B0026766 338654 6309149 Grab Siltstone 0.27 0.13
B0026767 338204 6308767 Grab Quartz Vein 0.27 1.67
B0026802 344799 6304219 Float Skarn 0.26 1.64
Encouraged by results, the Company is planning further sampling, mapping and prospecting of
the area for 2021 , focusing on the “Hammer” target, the newly discovered skarn, areas of high
copper and other re cently unglaciated terrain . Sugar remains m ostly unexplored and very
prospective for high-grade mineralization.
Gordon Lam, President and CEO of Etruscus, commented, “We’ve been quietly developing Sugar
while Rock & Roll has been taking centre stage . But Sugar is likely to become more prominent
this year with the Hammer target nearly ready to be drilled while other areas are also
demonstrating strong prospectivity for copper-rich mineralization.”
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 Terrance and Langley, BC. and is independent of the Company. All
rock 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 n independent 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.
* Grab samples are selectively collected and are therefore not representative of all mineralization
hosted on the property.
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 markets 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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business activities or performance and involve risks and uncertainties, and that the Company’s future
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