Etruscus Stakes ‘Hammer’ at Sugar After Identifying Visible Mineral Staining
ETRUSCUS STAKES ‘HAMMER’ AT SUGAR
AFTER IDENTIFYING VISIBLE MINERAL
STAINING
July 13, 2020
Vancouver, BC: Etruscus Resources Corp. (CSE: ETR) (FSE: ERR) (the “Company”
or “Etruscus”) is pleased to announce it has staked 4 additional claims (“Hammer Zone”)
contiguous to its Sugar Property (“Sugar”) located in the heart of the Eskay Camp in
Northwest British Columbia’s Golden Triangle. After encouraging results from its 2019
Sugar exploration program, historic reporting and GIS compilation work, the Company
has increased its total Sugar claims by 672 hectares to 5,181 (Click here to view map).
Highlights:
• Historic reports describe skarn style mineralization and hydrothermal alteration
that appears to be correlative with other showings seen at Sugar. Neighbour
Enduro Metal’s Northwest Zone has similar mineralization and helps demonstrate
the potential for large-scale hydrothermal deposits in the area;
• Additional claims primarily cover a large nunataq (rock island surrounded by
glacier) in an area that has not seen exploration in 30 years;
• The “Hole in the Wall” showing discovered by Corona Corporation over 30 years
ago has never been drilled but rock sampling in 1990 includes a 2.7 m chip
sample averaging 1.45% Cu* and a talus float sample taken below the showing
returning 13.6% copper*;
• Significant glacier retreat in the Hammer Zone has revealed visible mineral
staining and new areas that have never been explored. With infrastructural
improvements and nearby resources available, Etruscus can economically
explore the area as part of a bigger Sugar program.
Encouraged by the Sugar findings from last year (Click here to view March 11, 2020
news), the Company is planning a 2020 exploration program of mapping, prospecting,
sampling and a VTEM survey at Sugar including the new claims. The Company’s goal is
to identify the source of this hydrothermal activity and advance the multiple mineralized
showings into a more cohesive geological model that will lead to drill targets on this
largely underexplored area with potential for major deposits.
Gordon Lam, President and CEO, commented “During 2019 aerial reconnaissance on
route to the Sugar claim, our team identified extensive gossanous slopes. After
reviewing historic reports in the area that described strong copper geochemistry and its
occurrence adjacent to recently receding glaciers, we decided to stake the Hammer
claims. This is consistent with our staking program initiated in 2018 where we wanted
to aggressively add properties that could be developed into a resource. We will
continue to seek other acquisitions to further enhance shareholder value.”
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.
*Etruscus recognizes that these samples are historic and they haven’t been verified by
Company personnel.
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 27,136
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 and
“ERR” on the Frankfurt Stock Exchange and has 22,453,501 common 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 with the Canadian securities
regulatory authorities, including quarterly and annual Management’s Discussion and Analysis, which may be
viewed on SEDAR 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 Regulatio n Services Provider (as that term is defined in the policies of the CSE)
accepts responsibility for the adequacy or accuracy of this release.