News

January 17, 2008

Etruscan Has More Going For It In West Africa Than North American Investors Appreciate

When the shares of a junior mining company take off vertically at a time when all is doom and gloom it is time for a closer look. That was the case with Etruscan Resources, a Canadian listed company operating in West Africa, as 2008 began and its shares rose from around C$2 to C$2.25 in a few days. The reason was not too hard to find as it had made a couple of very encouraging drilling reports either side of Christmas.

Etruscan Resources has a number of projects at various stages of development in progress in Burkina Faso, Mali, Cote D’Ivoire, Ghana and Namibia and it also retains a 53.7 per cent interest in Etruscan Diamonds which has a dominant land position in the Ventersdorp diamond district  in South Africa. It also has a 40 per cent interest in the Samira Hill gold mine in Niger which is operated by Semafo and it is interesting to note that production reached 17,300 ounces in the September quarter...