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Etruscan’s Finkolo Gold Project In Mali Hits 6 Meters of 33 Grams

Wednesday, November 7th, 2007

Etruscan Resources Inc. reported new results received from eleven drill holes on the Finkolo Gold Project in southern Mali, highlighted by 51 meters of 5.7 g/t gold which included 6 meters of 32.7 g/t gold. The depth potential of the main Tabakoroni Zone is now well defined with six high grade zones plunging to the south and wide open at depth. Highlights include:
– 51 meters of 5.7 g/t gold (including 6 meters of 32.7 g/t gold)
– 21 meters of 10.9 g/t gold (including 1 meter of 205.3 g/t gold)
– 7 meters of 17.6 g/t gold (including 1 meter of 96.4 g/t gold)
– 54 meters of 2.6 g/t gold (including 1 meter of 32.8 g/t gold)
– 1 meter of 26.9 g/t gold
Resolute Mining Limited is the Project Manager of the Finkolo Joint Venture. Assays are still pending for 12 holes. Drilling has focused on the Tabakoroni Main Shear Zone over a strike length of 1.7 kilometers to a vertical depth of 130 meters, and a resource estimation is anticipated by year end.
Resolute has further reported that a longitudinal section incorporating all drilling to date confirms the geological interpretation of the deposit with a series of steeply south plunging mineralized shoots. The latest round of drilling has substantiated that these shoots contain both significant grade and widths well below the oxide zone, and are open at depth.
High grades and widths were also reported from extensions of the Tabakoroni Main Shear Zone to the north in hole TAC-226 (7 meters of 17.6 g/t including 1 meter of 96.4 g/t), and as previously reported on August 30, 2007 to the south in hole TAC-207 (35 meters of 3.3g/t).
Don Burton, Chief Operating Officer stated: “To date the drilling at Finkolo has been shallow and limited to vertical depths of 100 to 130 meters. The Resolute longitudinal section demonstrates clearly the continuity of plunging high grade zones that are wide open at depth. We are obviously very keen to see drilling extended to vertical depths of 200, 250 and 300 meters. The implications for the ultimate resource potential at Finkolo could be enormous. The on-going backlog of samples from the laboratory has pushed the near-surface resource estimation out a month but we will soon have a much better image of what the first 100 meters of the main zone contains.”
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