- 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 are high priority and will be covered in the Survey.
To efficiently develop drill targets on the Property, Etruscus has also completed the compilation and digitizing of all the historical exploration data on the Property which includes rock and soil sampling data, drilling data and geophysical surveys. Most notably,
The Company also reports that an application for a drilling permit has been submitted to the Newfoundland Mineral Lands division. The Company expects to have the permit in place ahead of the upcoming planned drill program.
Induced polarization is a geophysical technique used to highlight areas below surface of low resistive or chargeability and is utilized as an exploration tool in searching for disseminated sulphide minerals and alteration zones. The IP survey "OreVision" is being completed by Abitibi Geophysics across approximately 36 line-km of underexplored ground. Survey lines are spaced 200 m apart and are overlapping with areas of anomalous soil sampling. It is also important to note that due to favourable background intrusive rocks, the survey will be more conclusive at picking out sulphide zones unlike many other operators in the area. Those companies have to contend with other possible conductive sediments that are not present on the Property, and can be misleading when exploring for gold veins.
Etruscus is traded under the symbol "ETR" on the Canadian Securities Exchange, "ETRUF" on the OTC and "ERR" on the
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