Announcement • Jan 22
Etruscus Resources Corp. Advances Hendrix Rare Earth Element Target At Pheno Property Etruscus Resources Corp. reported surface rock sampling results from its 2025 exploration program at the Hendrix Rare Earth Element ("REE") Target on the Pheno Property, located immediately to the north of the Company's 100%-owned Rock & Roll Property in British Columbia's prolific Golden Triangle. Highlights: A total of 83 rock samples were taken across the approximately 5 km wide peralkaline volcanic complex returning the 3 highest grade REE rock samples1 to date at Pheno; Assays have demonstrated significant enrichment in neodymium and dysprosium, two of the most sought-after REE due to their unique magnetic properties and use in electric motors; These results build on the 2024 program by advancing the understanding of grade distribution and outlining a number of REE-bearing dikes; A 4 m wide by 70 m long dike (remaining open where it plunges beneath ice) returned an average of 0.39% Total Rare Earth Oxides2 ("TREO") from 6 grab samples; Continued research confirms that the closest analogues deposit is Round Top located in Texas, owned by USA Rare Earths with a market capitalization of over USD 2 billion; The Hendrix target contains a significantly above average ratio (0.30) of Heavy REEs versus Light REEs3. Heavy REEs are scarcer globally, critical for modern technologies, and economically more significant; and An increased appetite for critical minerals from North American sources is becoming evident through multiple government-backed initiatives and tightening Chinese export restrictions. Select samples were also analyzed by whole-rock geochemistry (major elements), supporting lithological classification and indicating a unique, highly evolved felsic system characterized by silica-rich compositions and elevated total alkalis. Geochemical interpretation identifies a positive relationship between Zr and TREO, suggesting that zirconium-bearing accessory phases--and potentially allanite, monazite, and apatite-- may be key hosts or indicators associated with REE enrichment. Magmatic fractionation is interpreted to have played an important role in concentrating REEs, supported by systematic increases in TREO with fractionation indices (Rb/Sr and Zr/TiO2). Petrographic work completed on four samples, primarily from the higher-grade dikes, describes quartz-phyric felsic volcanic rocks with a fine-grained quartz-alkali feldspar groundmass, variably altered to clay/sericite. New technology was implemented in 2025 using a handheld Geiger counter that provided real time feedback of detecting gamma rays emitted due to the decay of uranium and thorium in the REE bearing host rocks. This allowed the team to identify new REE rich dikes while completing geological traverses. The team looks forward to applying this technology across larger parts of the target in the future and is also evaluating airborne radiometric surveys that could be very useful in isolating further zones of high grade REE mineralization. REE mineralization. REs remain strategically important to global supply chains due to their role in technologies such as permanent meters for electric vehicles, wind turbines, advanced electronics, and defence applications. Demand is expected to grow, while new discoveries and development timelines remain constrained by permitting, technical complexity, and long lead times from exploration through to potential production. Announcement • Nov 26
Etruscus Resources Corp. Reports Results from Its 2025 Diamond Drill Program At the Zappa Porphyry Target Etruscus Resources Corp. reported results from its 2025 diamond drill program at the Zappa Porphyry Target, a high-priority copper-gold porphyry prospect located on the Company's 100%-owned Rock & Roll Property in British Columbia's prolific Golden Triangle. The inaugural program totalled 1,311 metres ("m") across three drill holes and was successful in advancing the Company's understanding of the system, vectoring closer to a potential mineralized porphyry intrusion. Drilling focused on a large surface alteration and chargeability anomaly, intersecting intensely altered volcanic and sedimentary rocks with zones of potassic alteration. Geochemical and alteration patterns indicate that hole RR25-03 was nearest to the heat source, suggesting that the porphyry intrusion may lie to the northeast, beneath the Twin Glacier where further drilling is warranted. The discovery of this alteration extends the Bronson Porphyry Trend onto the Property and greatly increases its prospectivity. Highlights: Hole 3 returned the strongest porphyry indicators with elevated molybdenum assays and identification of potassic feldspar alteration associated to sericite veining. Intense quartz-sericite-pyrite (QSP) alteration was encountered in every hole, highlighting the strength and size of the hydrothermal system. North Gossan mapping, located 1 km north of Zappa, suggests the same hydrothermal system extends over a much larger footprint; and Newly identified quartz-sulphide veins near North Gossan returned up to 20.1% Pb,13.9% Zn, and 0.6% Cu. These samples could represent distal polymetallic and base metal veins related to a porphyry intrusion and further reinforce this area as a porphyry center. Identification of propylitic alteration between the North Gossan and the Zappa further backs up this hypothesis. Next Steps: Etruscus plans to expand drilling north-eastward beneath the Twin Glacier, where geochemical and alteration veins point to a concealed porphyry intrusion. Follow-up mapping and geophysics will also continue at North Gossan to define additional drill targets. Announcement • Sep 17
Etruscus Resources Corp., Annual General Meeting, Nov 20, 2025 Etruscus Resources Corp., Annual General Meeting, Nov 20, 2025. Location: suite 1400, 1125 howe streeet, british columbia, v6z 2k8, vancouver Canada Announcement • Jul 30
Etruscus Resources Corp. announced that it has received CAD 1.20425 million in funding On July 30, 2025, Etruscus Resources Corp closed the transaction. The company issued 1,233,333 flow through units at a price of CAD 0.12 for aggregate proceeds of CAD 147,999.96 and 2,390,000 non flow through units at a price of CAD 0.1 per unit for aggregate proceeds of CAD 239,000 in its second and final tranche. Finders' fees were paid in the final tranche to registered finders, comprised of fees of CAD 6,580 and 54,833 finders' warrants exercisable at CAD 0.15 per share for a 2-year period. For the financing as a whole, total finders' fees were $23,060 and 96,833 finders' warrants were issued. Announcement • Jul 10
Etruscus Resources Corp. Launches Inaugural Drill Program At Zappa Target in Golden Triangle Etruscus Resources Corp. announced the commencement of its inaugural drill program at the Zappa Target, a high-priority copper-gold porphyry prospect located on the Company's 100%-owned Rock & Roll Property in British Columbia's prolific Golden Triangle. The Program represents a significant milestone as the Company tests a hydrothermal system with significant discovery potential. The Program is scheduled to begin on July 15, 2025, and will consist of up to 2,000 metres of diamond drilling. The Zappa Target is a geophysical and geochemical anomaly that provides many key markers of a copper-gold porphyry system and has never been drilled. The Program is designed to test hydrothermal alteration and discrete chargeability anomalies with 3 to 5 drill holes planned across a 1.3 km alteration zone. Key Highlights: First-ever drilling at Zappa Target following extensive geophysical and geochemical surveys; Up to 2,000 metres of Diamond drilling planned across 3-5 strategically positioned holes; 1.3 km alteration zone with robust chargeability anomalies and surface mineralization; Located on the newly interpreted Bronson Porphyry Trend, near to Seabridge Gold's active 8,000 m drill program at Snip North; Glacier retreat has recently exposed previously inaccessible alteration zone. Drilling will be conducted by ITL Diamond Drilling Ltd., based out of Smithers BC with the drill rig arriving on site next week. The Company holds all necessary permits and is ready to execute an efficient, well-coordinated campaign. Initial results are expected by early September, to be released upon completion of interpretational work. Property Exploration: The Program will also include surface exploration across several high-priority areas, involving geological mapping and rock sampling at select targets. This includes continued work on the newly identified Hendrix rare earth element (REE) target, where the team is delineating a large-scale critical mineral anomaly with the potential to host significant REE mineralization. Other key targets include the Kashmir molybdenum porphyry system and the Heather high-grade gold prospect. The words " may", "would", "will", "intend", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to difference materially, there may be others that cause results not to be as intended, planned, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these results. Announcement • May 10
Etruscus Resources Corp. Advances Large-Value Rare Earth Target Etruscus Resources Corp. provided an update on the Company's 100% owned Rock & Roll Property located in the prolific Golden Triangle of northwestern British Columbia. Additional assays and thin section analysis from the Hendrix target, located on the Pheno claims to the north of the Property, show that high-value Rare Earth Elements (or "REEs") are hosted by unique peralkaline igneous rocks. These rock types result from magnetmatic fractionation that accumulates REEs including the nationally important magnet metals terbium and dysprosium as well as critical minerals such as niobium and gallium. China, which currently produces 90% of the world's REEs, has recently announced major export restrictions on them, causing increases in demand and a sharp rise in the prices of these commodities. Highlights: On April 4th 2025, the Government of China announced significant export restrictions on 7 heavy REEs used extensively across multiple industries including defense, automotive, and green energy. The Hendrix target contains enriched levels of all 7 elements. High-value REEs identified at Hendrix include dysprosium and neodymium, both essential components in permanent magnets used to power electric motors. Announcement • Feb 26
Etruscus Resources Corp. announced that it expects to receive CAD 1.25 million in funding Etruscus Resources Corp announced a non-brokered private placement through a combination of flow-through and non flow-through units for gross proceeds of CAD 1,250,000 on February 25, 2025. The company will issue 12,500,000 non-flow-through units at CAD 0.10 per unit or 10,416,667 flow-through units at an issue price of CAD 0.12 per flow-through unit may be issued, or any combination thereof totaling CAD 1,250,000. Each flow-through unit will consist of one flow-through common share and one-half of one non flow-through, non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of CAD 0.18 per share for a 2-year period. Each non-flow-through unit will consist of one common share and one-half of a non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of CAD 0.15 per share for a 2-year period. All shares issued under the private placement will be subject to a hold period of four months and one day from the date of issuance. Finders' fees may be paid in accordance with securities regulations. Announcement • Nov 22
Etruscus Resources Corp. Advances Its Zappa Porphyry Target, Develops Km-Scale REE Prospect at Rock & Roll B.C Etruscus Resources Corp. announced initial results from its 2024 exploration program (the ‘Program’) at the Company's Rock & Roll Property located in the prolific Golden Triangle in Northwestern British Columbia, Canada. The Program included rock sampling, geological mapping, Terraspec data collection, and a 6 line-kilometer induced polarization (IP) survey. Analysis of the IP survey and mapping data at the Zappa porphyry target has encouraged the team to plan a comprehensive drilling program for the summer of 2025. Additionally, results from the Pheno claims have identified a new kilometer-scale rare earth element (REE) prospect in the early stages of discovery. Program Highlights Geological mapping confirms significant QSP alteration above Zappa chargeability anomaly, adjacent to receding glacier; TerraSpec short wave infrared analysis (SWIR) confirmed high temperature clay minerals at surface over the Zappa anomaly, further validating the target's porphyry potential; Initial IP pseudo sections over the Zappa provide encouraging results (inversions and interpretation pending); Pheno claims demonstrate large scale REE geochemical anomaly hosted in peralkaline rhyolites; and High grade gold float returned; Kashmir target (23.8 g/t Au), Heather target (40.1 g/t Au). Discovery/Zappa: The 2024 field program was focused on the Discovery area and the adjacent Zappa chargeability anomaly. This zone represents a sizeable copper-gold porphyry target with 1.1 km of QSP alteration mapped at surface and a discrete, open-ended chargeability anomaly residing below. This target is located at the geologically important ‘Red-Line’ unconformity and has never been drilled. During the 2024 field program, geological mapping, rock samples, and Terraspec SWIR analysis were completed primarily to the east of the historic Discovery showing where the new Zappa chargeability anomaly was identified in a 2022 IP survey. Detailed geological mapping revealed a highly altered quartz-sericite-pyrite (QSP) zone in Stuhini volcanic and sedimentary rocks measuring 200 m by 500 m with intense texture destruction of host protolith. Stockwork quartz-sulphide veinlets were abundant and massive pyrite veins measuring several cm across were common. The alteration zone extends to the east with strong alteration mapped directly adjacent to the receding glacier. The team was surprised to see tens of meters of newly exposed altered rock compared to historic mapping completed 2 years ago. An expanded geophysical Induced polarization (IP) survey was completed to the east of the 2022 survey that included 4 individual lines totaling 6 line-km with a depth of investigation down to 500 m (see map below). A walking magnetic survey was also completed along the IP lines, and initial pseudo sections have been highly encouraging. This information will be critical in outlining the true size of the Zappa chargeability anomaly and is being used to pinpoint the center of this alteration system that is planned to be drill-tested in 2025. The team is excited to review and process the data and it will be released once interpretation is complete. A total of 50 Terraspec samples were taken and results demonstrated high wavelengths for AlOH bonds with moderate zonation towards the centre of the Zappa surface alteration. This confirms high temperature clays are associated with alteration above the chargeability anomaly and adds to the confidence the team has in this target. Detailed interpretation is ongoing. Pheno REE's The inaugural exploration program on the adjoining Pheno claims was successful in identifying a unique critical metal deposit with highly enriched REE values spread across a very large area. A total of 167 rock samples including several different rock types were collected for borate lithium fusion analysis across the large, underexplored land package. Results demonstrated a strong enrichment of rare earth elements at the upper elevations of the property predominantly hosted in the rhyolites that are spread across an area of more than 5 km. These rocks appear to be highly evolved peralkaline rhyolites that form as the last gasp of felsic lavas in a volcanic chamber. A baseline of 1,000 ppm TREO was selected as indication of strong REE enrichment as this number has been used at other bulk tonnage REE deposits as a cut-off grade capable of delivering economic returns. Of all the rocks taken across the claims, 76 rocks or 45% of the samples returned >1,000 ppm TREO. These results are highly encouraging and suggest the possibility of a very large mineralized REE system capable of containing significant REE reserves exists on the property. Property Exploration Further field work was completed on the Heather and the Kashmir showing as a pipeline of targets continues to progress. At the Heather target where high-grade gold samples and a 300 m Au-Cu-Ag soil anomaly have previously been discovered, the team has identified the source of the chargeability anomaly outlined during the 2022 IP survey. Multiple plagioclase porphyritic intrusion measuring 5 m - 50 m in diameter were shown to contain 0.5 to 2% disseminated pyrite. This unit does not provide an immediate target but advances the teams understanding of the system. A mineralized piece of float containing abundant galena was sampled and returned 40.1 g/t Au. Further work was completed at the Kashmir showing, a Mo-Cu porphyritic intrusion, to identify extension or high high-grade pockets of mineralization. Follow up on a highly mineralized sample from 2022 identified a second, similar mineralized boulder that returned 23.8 g/t Au, although identification of the source was unsuccessful. Mapping took place to outline a 100 m wide monzonitic intrusion with 1-10 cm wide quartz molybdenum veins. This porphyry target remains a high priority although the steep nature of the showing provides difficult access for completion of a geophysical survey, the team is exploring options on how to advance this target. Announcement • Nov 21
Etruscus Resources Corp. announced that it has received CAD 0.402 million in funding On November 21, 2024, the company has closed the transaction. Announcement • Sep 25
Etruscus Resources Corp., Annual General Meeting, Nov 28, 2024 Etruscus Resources Corp., Annual General Meeting, Nov 28, 2024. Location: suite 1400, 1125 howe streeet, british columbia, v6z 2k8, vancouver Canada New Risk • Sep 08
New major risk - Revenue and earnings growth Earnings have declined by 3.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (58% average weekly change). Earnings have declined by 3.5% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€1.99m market cap, or US$2.21m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Announcement • Jul 25
Etruscus Resources Corp. announced that it expects to receive CAD 1.25 million in funding Etruscus Resources Corp. announced a non-brokered private placement for gross proceeds CAD 1,250,000,on July 25, 2024. The Financing will consist of 10,000,0000 flow-through units at issue price CAD 0.125 per flow-through unit for gross proceeds CAD 12,500,000 or 12,500,000 non flow-through units at issue price CAD 0.10 per non flow-through unit for gross proceeds CAD 1,250,000. Each non-flow-through unit will consist of one common share and one-half (1/2) of a non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of CAD 0.15 per share for a 2-year period. Each flow-through unit will consist of one flow-through common share and one-half (1/2) of one nonflow-through, non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of CAD 0.18 per share for a 2-year period. All shares issued under the private placement will be subject to a hold period of four months and one day from the date of issuance. Finders' fees may be paid in accordance with securities regulations. Announcement • Jun 19
Etruscus Plans to Drill the Discovery Target in the Golden Triangle, B.C Etruscus Resources Corp. provided an update on the Company's exploration targets at it's Rock & Roll Property located in the prolific Golden Triangle in northwestern British Columbia, Canada. The team has defined two high-priority drill-ready targets and several advanced prospects which will be the focus of the 2024 field exploration program. Discovery Porphyry Target: The most advanced showing on the property is the Discovery copper-gold porphyry target, previously described in a news release dated Feb. 1, 2023. This target demonstrates significant size and a discrete IP anomaly but has never been drill tested. It provides potential for a large-scale discovery in a region with many major porphyry Cu-Au-Mo deposits nearby including Saddle North, Red-Chris and the KSM trend. Extensive geological mapping, carried out in 2022, revealed robust quartz-sericite-pyrite alteration indicative of a porphyry Cu-Au system that extends over 1 kilometer to the east of the original Discovery showing towards the receding Twin Glacier. The showing location, at the "Red Line" Triassic-Jurassic unconformity, is typical of the Texas Creek age intrusive activity that has driven most of the mineralization in the Golden Triangle, further increasing the potential of a discovery. At depth, a 600 m wide chargeability anomaly ("Zappa") comes to surface directly beneath the recently mapped QSP alteration zone and represents a potential widening of the hydrothermal system. The eastern boundary of the chargeability anomaly identified from an IP survey in 2022 remains open and 4 more lines are planned for 2024. This will define the true extension of the Zappa anomaly up to the Twin Glacier margin and will help refine the target for drilling later in the season. Heather Target: The Heather Target, located 5 km southeast of the Discovery Target, is highlighted by a significant number of high-grade gold assays and a 300 m by 350 m soil anomaly elevated in gold, copper, molybdenum and zinc. High level epithermal indicators include quartz-pyrite stockworks and drusy polymetallic veins. The area has returned grab rock samples as high as 36.6 g/t Au and an average of 2.92 g/t Au, 2,014 g/t Ag, 0.45% Cu, 4.1% Pb, and 7.0% Zn from 3 samples taken along a newly discovered polymetallic quartz vein. The high-grade nature of the showing combined with the large-scale geochemical anomaly suggests a significant mineral system could exist at the Heather. The IP survey completed in 2022 also demonstrated two controlling gold trends coincident with two highly chargeable anomalies directly below surface. The team is eager to continue work in the area to correlate the geophysical data to the geological maps and delineate a promising drill target. Kashmir Showing: The Kashmir showing was identified during the 2022 field program as a molybdenum porphyry with potential for further copper/gold zonation in an area that has seen no previous work. The geological team identified a new monzonitic intrusion that contains quartz vein stockwork and blebby molybdenum and malachite staining. The mineralized outcrop measures at least 50 m across and remains open in multiple directions. A total of 18 selective rock grab samples were collected at the Kashmir in 2022 that averaged 0.18% Mo with a high of 0.86% Mo. A float rock sample from 50 m away from the showing also returned the highest-grade rock sample taken on the property at 51.3 g/t Au. In addition, rock sampling of creek boulders more than 2 km downstream have common Mo-Cu quartz veins suggesting either the Kashmir showing is larger than its current known extent, or additional showings occur beneath cover in the valley. Pheno Target: The Pheno claims represent a unique exploration opportunity for Etruscus into the critical metal market with anomalous rare earth mineralization inadvertently identified in rock samples taken by the BC geological survey. The work at this target is in its initial stages, but the team sees potential for a large-scale bulk-tonnage system comparable to the Round Top Deposit in Texas, with similar geology and similar geochemistry described thus far. With minimal financial investment, the team aims to confirm a new style of rare earth mineralization for the district and looks to outline a very large-scale target with significant amounts of the critically important rare earth elements. Announcement • Jun 15
Etruscus Resources Corp. announced that it has received CAD 0.15 million in funding On June 13, 2024, Etruscus Resources Corp., closed the transaction. Announcement • May 31
Etruscus Resources Corp. Announces Board Appointments Etruscus Resources Corp. announce the appointment of David Parker to the Board of Directors and Matt Schmidt to the Advisory Board. Both appointments come at a critical time for the Company as it prepares for the upcoming exploration season. David Parker's real estate career has spanned over 20 years, bringing a wealth of experience in capital raising across different industries and a dynamic, diligent approach to his new appointment. As a former president and director of a $20 million multi-family residential development project, Mr. Parker navigated complex municipal and provincial regulatory requirements including securing approval from local First Nations communities. In addition to his extensive real estate development experience, Mr. Parker has been instrumental in technology sector financings, at the seed, IPO, development and operational levels. He also played a pivotal role in transforming Ramp Metals Inc. from an uncapitalized partnership into a publicly traded company listed on the TSX-V in March 2024. His expertise extends to consulting for mining and technology companies listed on the CSE and TSX.V. Mr. Parker's diverse experience and proven leadership will undoubtedly support Etruscus Resources' continued growth and success. Matthew B. Schmidt, a seasoned technology entrepreneur and film industry executive, has been appointed to the Etruscus advisory board. Mr. Schmidt brings experience in corporate strategy, mergers and acquisition, and strategic partnerships, having previously served as Interim CEO of AlphaGen Intelligence Corp. During his tenure at AlphaGen, he played a pivotal role in the company's listing and strategic direction, including advising and negotiating the rapidly growing AR/VR company Shape Immersive. Mr. Schmidt has been a dynamic force in Vancouver's film industry for 10 years. He co-founded Paradise City Films in 2017, focusing on film finance, development, and packaging, and has produced over nine feature films with cumulative budgets exceeding $60 million. His experience beyond film includes technology, cannabis, and design, where he has successfully leveraged his creative energy and networking skills. Matthew's diverse experience also includes significant contributions to public companies, such as Victory Square Technologies, Immersive Tech, and V2 Games, where he has been instrumental in sourcing strategic partnerships and joint ventures. His involvement in the esports industry, particularly with Alpha Esports Tech Inc., highlights his innovative approach to media. As a strategic advisor and interim CEO at Alpha Esports, he facilitated the company's IPO and secured financing. Announcement • Jan 15
Etruscus Resources Corp. announced that it has received CAD 0.2 million in funding On January 15, 2024, Etruscus Resources Corp. closed the transaction. The transaction included participation from insiders of the company for 1.15 million common shares for proceeds of CAD 57,500. Announcement • Sep 16
Etruscus Resources Corp., Annual General Meeting, Nov 21, 2023 Etruscus Resources Corp., Annual General Meeting, Nov 21, 2023. Location: Suite 1400 1125 Howe Street Vancouver British Columbia Canada New Risk • Aug 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€1.65m market cap, or US$1.78m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Jul 27
Etruscus Resources Corp. Announces Fire Assay Results from All Eight Holes Completed During Its Initial Drill Program At Its Lewis Property in Newfoundland Etruscus Resources Corp. announced fire assay results from all eight holes completed during its initial drill program at its Lewis Property in Newfoundland, reporting a significant new gold zone near surface. A Media Snippet accompanying this announcement is available by clicking on the image or link below: Etruscus Resources announced fire assay results from all eight holes completed during its initial drill program at its Lewis Property in Newfoundland, reporting a significant new gold zone near surface.: Etruscus Resources announced fire assay results from all eight holes completed during its initial drill program at its Lewis Property in Newfoundland, reporting a significant new gold zone near surface. The road accessible Lewis property, located 5 km south of the Trans Canada Highway in the Gander Gold Belt, approximately 10 km west of New Found Gold'sKeats Zone discovery, consists of 103 claims in two claim blocks totaling 2568 hectares in the Exploits Sub-zone of Newfoundland. Drill holes MP23-03 and MP23-04, collared within an 800 metre gap along the northeast striking Corsair Trend, intercepted better gold mineralization than any previous drill hole on the Lewis Property, leaving significant room for further expansion. Multi- element analysis of the drill core has also revealed a well mineralized stibnite vein/breccia that returned 4.56% antimony over a 1 metre interval in MP23-04. The Canadian government has antimony on its list of critical metals and for reference the Beaver Brook antimony mine, located 27 km southwest of the Property, has a reported current resource of 0.5 Mt at 4.17% Sb. MP23-03 drilled 1.3 g/t gold over 17.3 metres, including 3.0 g/t gold over 4.9 metres, demonstrating a broad zone of anomalous gold mineralization. MP23-04, located 120 metres northeast of hole MP23-03, intercepted 1.2 g/t gold over 11.4 metres including 3.4 g/t gold over 2.5 metres. This is interpreted to be the same zone as encountered in hole MP23-03representing real potential for gold mineralization between the two holes. These are the best gold intercepts to date on the Property with room for expansion. Announcement • Jul 26
Etruscus Resources Corp. Hits New Significant Gold Zone Near Surface with 17.3 Metres of 1.3 G/T Gold in Phase 1 Drill Program At Lewis, Newfoundland Etruscus Resources Corp. announced fire assay results from all eight drill holes completed during the Company's initial drill program (the "Program") at the Lewis Property (or "Property") in Newfoundland. All drill holes intercepted near surface anomalous gold with the highest grades encountered in the northeast striking, 1.4 kilometres (or "km") long Corsair gold trend. The Property is road accessible and is situated 5 km south of the Trans Canada Highway in the Gander Gold Belt, approximately 10 km west of New Found Gold's Keats Zone discovery. At 1.4 km in length, the gold mineralized Corsair Trend was previously established by Noranda in 1990 but failed to demonstrate the grades and width highlighted in this year's Program. Drill holes MP23-03 and MP23-04, collared within an 800 m gap along the northeast striking Corsair Trend, intercepted better gold mineralization than any previous drill hole on the Lewis Property, leaving significant room for further expansion. Multi- element analysis of the drill core has also revealed a well mineralized stibnite vein/breccia that returned 4.56% antimony (or "Sb") over a 1 m interval in MP23-04. The Canadian government defines antimony as one of a suite of critical metals needed for a competitive and sustainable economy, and for reference the Beaver Brook antimony mine, located 27 km southwest of the Property, has a reported current resource of 0.5 Mt at 4.17% Sb (Sandeman, 2018). The Corsair Trend is a structurally controlled corridor with a strong chargeability anomaly related to elevated sulphide content including arsenopyrite, pyrite, and stibnite identified in drill core. The trend itself is likely correlative in geological timing with the structural deformation and northeast trends of New Found Gold Corp.'s Keats Zone Discovery. Follow-up drilling is necessary to define the full extent of the trend as it remains sparsely drilled and open in all directions. The northeast striking Hurricane Trend is a chargeability anomaly that measures 1.7 km in length and strikes across Etruscus' and neighbouring Exploits Discovery Corp.'s claims with well mineralized intervals drilled on both sides of the Property boundary. Drill hole MP23-07 was designed to target below the historic Noranda hole 9 providing geological and structural information enabling a better understanding of the mineralized Hurricane Trend. This northern most drill hole returned a broad 19.2 m zone of 0.39 g/t Au containing multiple anomalous gold samples and demonstrates an open system with significant room for expansion. Drill hole MP23-06, whilst intercepting anomalous gold, appears to have drilled north of the target where a 50 m step back to the south is expected to intercept the trend in future drill programs. Drill holes 01A, 02A and 05 were primarily designed to target the Peyton Trend, a north-south striking chargeability anomaly identified in both historic and more recent IP surveys. All three holes intercepted anomalous gold values with a highlight of 3.1 g/t Au over 2.0 m in MP23-01A. Mineralization is similar to the holes drilled on the Corsair Trend, however, with lower amounts of sulphide and alteration being identified. Initial results suggest the best mineralized trends are northeast striking which may leave the Peyton Trend as a less significant structure for mineralization although further work is still needed to confirm this. The use of IP inversions has allowed the team to successfully improve on the work of previous operators and validates the technology as an important targeting tool on this unique Property. Identification of at least two parallel mineralized trends, each with over 1 km of strike length, provides significant room for expansion. With a shallow dip and mineralization coming to surface, the Company eagerly anticipates the follow-up work program to build on the results and unlock the Property's full potential. The Company has adopted a rigorous quality assurance and quality control ("QA/QC") program to ensure best practices when sampling diamond drill core. At the Lewis Property, the Company's drill core is being assayed by SGS Canada Inc, which has facilities across Canada and globally and is independent of the Company. Core is securely transported from drill site to core facility where it is logged and sampled on average of 2 m per sample although geological constraints may vary length from 0.5-2.5 m. The samples are then half cut with one half sent to the lab and the other half stored in a secure storage facility 10 km away from the property. Once at the lab, samples are crushed to 75% passing 2mm fraction and a 250g split is pulverized to 85% and passes a 75-micron screen. The geochemical analyses were performed by SGS Canada using multi-element aqua-regia digestion ICP-AES package and a 30g fire assay with ICP-AES finish. SGS Canada Inc. is a provider of geochemical laboratory services for the exploration and mining industries and is an ISO 17025 (Testing and Calibration) and ISO 9001 (Quality Management System) accredited laboratory. In addition to the lab's internal QA/QC program, the Company inserted 10% lab certified standards, blanks, and field duplicates into the overall sampling stream. Technical aspects of this news release have been reviewed and approved by Stephen Wetherup, BSc., P.Geo., who is a Qualified Person as defined under National Instrument 43-101. Announcement • Jun 15
Etruscus Resources Corp. announced that it has received CAD 0.879344 million in funding On June 13, 2023, Etruscus Resources Corp. closed the transaction. The company has received CAD 337,199 consisting of 666,660 non-flow-through units at CAD 0.15 per unit for gross proceeds of CAD 99,999 and 1,317,779 flow-through units at CAD 0.18 per unit for gross proceeds of CAD 237,200. The combined tranches totaling CAD 879,344, composed of 3,230,960 non-flow-through units for gross proceeds of CAD 484,644 and 2,192,779 flow-through units for gross proceeds of CAD 394,700. In connection with the Financing, insiders of the Company participated in the placement for a total of CAD 115,000. All issued shares are subject to a hold period of four months and one day from the date of issuance. Under the Financing, total finders' fees paid to qualified arm's length finders were CAD 22,610, and 133,777 finders warrants were issued, each exercisable into a common share at CAD 0.165 per share for a two-year period. Announcement • May 12
Etruscus Resources Corp. Announces Drill Program Begins At Lewis Property 10 Km West of Keats Discovery, Newfoundland Etruscus Resources Corp. announced its 2023 drill program (the ‘Program’) has commenced at the Company's Lewis Property (or ‘Property’). The Property is road accessible and is located 5 km south of the Trans Canada Highway in the Gander Gold Belt, approximately 10 km west of New Found Gold's Keats Zone discovery in Newfoundland. The geological team arrived last week and has quickly established core cutting and staging areas along with conducting ground truthing to confirm collar locations for the entire Program. Drilling is now underway. Highlights: Previous geochemical and geophysical programs have identified two highly chargeable structures on the Property, one north and one northeast striking, these structures have provided high priority targets for the Company's inaugural drill Program; Up to 2,000 m of drilling will be executed over 10 to 15 holes, with a focus on four high priority target areas in the center of the Property; Historically, only four short test holes were drilled over the 4.6 km strike length, none of which tested the areas of chargeability confirmed in a recent IP Survey; and The geological team arrived last week to establish core cutting and staging areas and confirm drill collar locations along with ground truthing the high priority target areas. The current drill program is designed to test numerous chargeable zones, targeting where coincident anomalous Au-As-Sb soils occur and where high Au mineralization was indicated in rock surface samples. Due to the numerous trails on the Property, drill access is excellent. The Program will be able to test as many points along the chargeable structures as possible to overcome the lack of outcrop on the Property. All holes will be utilizing oriented core to allow the team to better interpret the geophysical data and to target structural intersections where wider and better mineralized portions of the structures are expected to be located. Announcement • Feb 02
Etruscus Resources Corp. Discovers Significant IP Anomaly At Rock & Roll Property Etruscus Resources Corp. announced initial results from it's 2022 exploration program (the "Program") at the Company's 100% owned Rock & Roll Property (or "Property") located in the prolific Golden Triangle in northwestern British Columbia, Canada. Results from an expanded 10.5 line-km induced-polarization survey ("IP" or "IP Survey") at the Discovery Showing have confirmed a significant chargeability anomaly ("Zappa") directly below and to the east of the newly mapped surface alteration. An initial four lines (6 line-km) of IP were planned over the Discovery Showing with the goal of characterizing the rocks to a depth of 500 m. Prior to the IP Survey an extensive geological mapping program was completed (See News Release Dated October 26, 2022), resulting in the technical team identifying widespread alteration that extends 800 m to the east of the original Discovery Showing. This required the IP Survey to be extended a further 300 m (4.5 line-km) down valley to an area partially obscured by glacial moraine. Additional survey lines, to cover the remaining 500 m, were planned but couldn't be completed due to time constraints. They will be a high priority for 2023. Inversion and 3D modelling of the IP chargeability and resistivity data has identified three highly chargeable zones below the mapped QSP alteration. Two shallow (~75 m below surface) anomalies below the Discovery Showing and a third much larger body (Zappa) is open to depth (>400 m below surface) and is expanding eastward to the margins of the survey. The 600 m wide Zappa chargeability anomaly comes to surface directly below the recently mapped QSP alteration zone and represents a potential heat source for the surface alteration. The geological team has modelled Zappa and believes it demonstrates characteristics and shape of an intrusion that has caused the alteration above. The Zappa anomaly provides large scale potential for a discovery in a jurisdiction with many major porphyry Cu-Au-Mo deposits nearby including Saddle North, Red-Chris and the KSM trend. It is also encouraging that the showing is located adjacent to the "Red Line" Triassic-Jurassic unconformity that would suggest the anomaly is of the favourable early Jurassic age intrusions that have driven most of the mineralization in the Golden Triangle. With a 3D model the team can target the strongest part of the system with the goal of encountering a mineralized potassic core. The Discovery Showing was first worked in the 1980's by Kerr-Addison Mines Limited and focused on the upper-level alteration identified in a 400 m by 100 m quartz-sericite-clay-pyrite zone that is highly gossanous. The claims were worked for three consecutive summers with geological mapping, rock sampling and trenching carried out and, although recommended at the time, no drilling was ever completed. Geochemical results were anomalous in arsenic, antimony, and silver which are often seen in high level epithermal type systems. Minimal attention in the historic reports is given to the area underlain by the chargeability anomaly. This underexplored area has only recently been exposed due to glacial retreat and remains partly obscured by glacial moraine. Announcement • Jan 19
Etruscus Resources Corp. Announced IP Survey At Lewis Property Confirms Drill Ready Targets in Newfoundland Etruscus Resources Corp. announces results from its recently completed 2022 field exploration program at the Company's Lewis Property located in central Newfoundland. Results from the 30 line- km induced-polarization survey have now been combined with previous soil and rock sampling results to highlight four high priority drill ready targets. The Property is road accessible and is located 5 km south of the Trans Canada Highway in the Gander Gold Belt, approximately 10 km west of the Keats Zone discovery, currently being drilled by New Found Gold Corp. Exploration Highlights: The recently completed IP Survey has identified a north and a northeast striking set of highly chargeable structures on the Lewis Property outlining multiple targets within each structure; Multiple high-grade rock samples (>20 g/t Au) along with gold, arsenic and antimony soil anomalies are shown to overlap with the chargeable structures; Historically, only four short drill holes have tested the 4.6 km strike length of these highly chargeable structures, all of which returned anomalous gold; and Following the results of the IP Survey, the Etruscus geological team can now confidently label at least four high priority drill ready targets and has begun designing a drill plan to efficiently test them. IP Survey: A total of 30 line-km of IP was completed to expand upon an historical IP survey and focused on areas with favourable magnetic trends and anomalous results from soil sampling done in 2021. This new IP Survey has outlined three new strongly chargeable structures as well as extended those structures previously identified. The new 3D inversion model, when combined with the historic survey, has allowed the team to identify the orientation of these structures that was not possible when the historic work was completed. This new insight will be critical in designing the drill program and increases the likelihood of making a new discovery. The IP Survey was completed over a large portion of the Property that is underlain by the Mount Peyton Batholith. These intrusive rocks contain low sulphide contents and therefore produce low chargeability responses. The results of the IP Survey confirmed low chargeability in most areas of the Property but demonstrated very high chargeability in the target areas. This high contrast suggests disseminated sulphide minerals have been concentrated in specific structures and is a strong indicator of gold mineralization in the area. Four short historical drill holes tested the high chargeability structural trends which total ~4.6 km of combined strike length, all of which intersected several gold mineralized veins and alteration zones. Highlights from these drill holes returned a high of 7.6 g/t Au over 0.2 m and numerous veins or alteration zones returned grades of 0.25 to 2.0 g/t Au over 0.2 to 5.1 m in width. Most of these historic holes failed to intercept the highest chargeability zones and the strongest geochemical, geological, and geophysical anomalies remain untested. In addition, the historic drill holes never encountered gold grades similar to those collected at surface which returned multiple assays between 10 to 25 g/t Au, suggesting that the higher grade, sulphide rich mineralization was likely missed in those historic holes. The Company, having completed significant surface exploration over the last two summers, has confirmed multiple overlapping geochemical and geophysical anomalies and plans to drill these targets in early 2023. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Michael Sikich was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Advisory Board Member Murray Jones was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Advisory Board Member Murray Jones was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Is New 90 Day High Low • Jan 14
New 90-day high: €0.24 The company is up 2.0% from its price of €0.24 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 60% over the same period.