Business
Etruscus Resources Completes Sampling Program at Lewis Gold Project, Newfoundland
VANCOUVER, BC, Nov. 2, 2021 /CNW/ - Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the "Company" or "Etruscus"), is pleased to announce that it ha
About this update from Etruscus Resources Corp.
[{"type":"text","content":" VANCOUVER, BC, Nov. 2, 2021 /CNW/ - Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the \"Company\" or \"Etruscus\"), is pleased to announce that it has completed its property-wide soil and rock sampling program (the \"Program\") on the Lewis Gold Property (the \"Property\") in central Newfoundland. Under the oversight of Stephen Wetherup, Vice-President of Exploration, three contracted sampling teams collected 1,920 soil and 60 rock samples (Click here to View Map). The Program expands on the data derived from historic sampling programs completed in the early 1990's on and around the central portion of the Property. Although the Lewis Property is predominantly overlaid by glacial till, exploration teams located outcrop throughout the Property, where rock samples were collected. Showings referenced in historic reports were also located and verification samples were collected from outcrop to confirm grade values. Historically, two styles of mineralization were observed on the Property (1) sericite-pyrite alteration zones up to a meter wide containing minor quartz-arsenopyrite-stibnite-galena, and (2) 10 to 50 cm wide quartz-stibnite-arsenopyrite veins which typically host the highest Au grades. Both styles were sampled during the 2021 field season as well as sampling of arsenopyrite filled shear zones and disseminated stockwork pyrite veined zones. All of these occur within coarse grained monzosyenite and diorite phases of the Mt. Peyton Intrusive Suite. Both rock and soil samples are being assayed at ALS Geochemistry Laboratory in Sudbury, Ontario. Upon receipt of sample results, the Company will conduct a geophysics program, primarily Induced Polarization (\"IP\"), as the next step in drill target definition. This methodology is similar to historic exploration programs that, although limited in scope, resulted in successfully intersecting gold mineralization through drilling. President and CEO, Jason Leikam states, \"We are pleased to have completed the first phase of exploration on the Lewis Property. The work was uninterrupted by weather or technical difficulties and our team experienced first-hand positive local support from contractors and stakeholders. Importantly, the team identified untested, near surface mineralization and remains optimistic for the exploration potential a...