Etruscan Ups Gold Estimates at Mali Gold Project

28 July 2009 (Last Updated July 28th, 2009 18:30)

Canadian company Etruscan Resources has updated its resource estimate at Tabakoroni Gold Deposit on the Finkolo permit in Mali, revealing an increase of over half since last year. The mine has a measured and indicated resource at 610,000oz and an inferred resource of 220,000oz. The upd

Canadian company Etruscan Resources has updated its resource estimate at Tabakoroni Gold Deposit on the Finkolo permit in Mali, revealing an increase of over half since last year.

The mine has a measured and indicated resource at 610,000oz and an inferred resource of 220,000oz. The updated estimate represents a 60% increase on the measured and indicated resource reported in January 2008.

The updated resource is now about 6.83 million tonnes of measured and indicated resource at 2.78 g/t gold and a further 3.13 million tonnes of inferred resource at 2.18 g/t gold, Etruscan said.

Etruscan previously reported 382,000oz in the measured and indicated category and 364,000oz in the inferred category.

The Finkolo permit is 60% owned and operated by Resolute Mining.