Business
Etruscus Resources Launches 2022 Exploration Season With Extensive Ip Survey At Lewis Property, Newfoundland
VANCOUVER, BC, June 23, 2022 /CNW/ - Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the "Company" or "Etruscus"), announces that its 2022 explorat
About this update from Etruscus Resources Corp.
[{"type":"text","content":" VANCOUVER, BC, June 23, 2022 /CNW/ - Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the \"Company\" or \"Etruscus\"), announces that its 2022 exploration season is now underway with the commencement of a ~36 line-km induced-polarization survey (\"IP\" or \"Survey\"), conducted by Abitibi Geophysics, on the Company's Lewis Property (the \"Property\") in central Newfoundland. The Property is located 5 km south of the Trans Canada Highway in the Gander Gold Belt, approximately 10 km west of the Keats Zone discovery, currently being drilled by New Found Gold Corp. Stephen Wetherup, Etruscus' VP of Exploration commented, \"The Etruscus technical team is incredibly excited to hit the ground this year and build on the efforts of our successful 2021 exploration program. Previous operator Noranda applied a combination of soil sampling and IP to outline multiple gold bearing quartz veins. The team is now using these same techniques across an expanded area with the IP survey being the last step in delineating more drill targets.\" He went on to add, \"We have also been very encouraged with the digitization and reinterpretation of historic work as we now have significant data to work with in 3D. Ultimately, it has revealed that we inherited this Property with multiple drill ready targets before we even put boots on the ground.\" Highlights Survey will cover an area of approximately ~6.5 km² and has been designed to expand upon an historical IP survey completed by previous operator Noranda Inc. in 1990 (Click Here to View Map); Digitization and reinterpretation of historical data work has revealed multiple untested drill targets with overlapping geochemical and geophysical anomalies; and A drilling permit application has been submitted to the Newfoundland Mineral Lands division. The Survey has been prioritized in areas with favourable structural trends demonstrated in regional magnetics surveys, historic IP surveys and the 2021 soil sampling results. The Mount Peyton Linear, previously established as a regional structure that crosscuts directly through the Property, was further established with anomalous gold located 3 km along trend to the northwest of the historical soil survey. Another property scale trend, previously identified as the \"Corsair\", has also been collectively extended 1.5 km in length. These two areas a...