HALIFAX, Oct. 8 /CNW/ - Etruscan Resources Inc. (EET.TSX) reported today that its Youga Gold Mine located in Burkina Faso, West Africa poured in excess of 6,500 ounces of gold in the month of September representing 98% of the design output of 6,700 ounces per month. With the Youga Mine now stabilizing, Etruscan is focusing its attention on optimizing the operation and increasing production. Etruscan has recently retained the services of the Jamieson Group (www.jamiesonconsulting.com.au), a leading operational improvement firm specializing in mining operations, to assist in identifying areas where productivity improvements can be made.
The production statistics for the third quarter 2008 and the month of September follow:
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Q3 2008
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June to August September(x)
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Tonnes Milled 183,851 74,976
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Head Grade (g/t) 2.43 3.51
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Gold Poured (oz) 11,790 6,572
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(x) Note: Production numbers are preliminary and are subject to final
adjustments
Mining is currently being carried out from two pits: the A2 Main and the West Pit Zone 1. The West Zone 1 pit is a higher grade, low strip orebody which started production in August and will continue to allow for the steady improvement of gold production over the coming months.
The Youga Gold Project is comprised of open pit mining from five pits with the ore being processed though a conventional CIL/gravity plant having a design capacity of one million tonnes per annum. Mineable reserves are 6.6 million tonnes with an average grade of 2.7 grams per tonne containing 580,000 ounces of gold. The project benefits from a year-round water supply from a nearby major river system (the White Volta) and access to grid power supplied via the northern grid of the Volta River Authority in Ghana is forecast for fourth quarter 2008.