Wednesday, 1st March 2006 (2701 views)

Mining company Etruscan Resources has reported its annual results, which include gold sales of 95,753 ounces from its Samura Hill mine in Niger.

Other highlights include advancement at the Youga Gold project in Burkina Faso, confirmation of high-grade gold areas at the Ivory Coast's Agbaou gold project and the restarting of alluvial diamond mining at the Kipgat mine in South Africa.

Etruscan Resources is a diversified Canadian junior mining company focusing on gold properties in West Africa, where it boasts a portfolio of more than 32 strategically located gold projects, as well as diamond projects in South Africa.

The company's current interests extend to more than 8,200 sq km on proven gold belts in West Africa.

The Samira Hill mine produced 92,270 ounces of gold during the 12 months to November 30th, 2005. During the same period, 95,753 ounces were sold at a 'hedged' price of $386 per ounce.

Development at the Youga project carried on apace during 2005, including the upgrading of the access road and terracing of the mine site.

 

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