Etruscan's Youga Gold Mine connects to grid power
HALIFAX, Oct. 6 /CNW/ - Etruscan Resources Inc. (EET.TSX) reported today
that its Youga Gold Mine located in Burkina Faso, West Africa is now receiving
grid electrical power from the Société Nationale d'Electricité du Burkina
(SONABEL) in partnership with the Ghanaian power utility, the Volta River
Authority (VRA). The connection to the northern grid in Ghana provides the
mine with a stable, lower cost power supply and places the existing diesel
generator power supply units into the backup role for which they were
designed.
The initial unit rate for grid power is US$0.13/kwh compared to
US$0.33/kwh for the diesel generated power. This represents a substantial
operating cost savings ranging from US$250,000 to US$350,000 per month when
compared to the on-site diesel generated power supply previously used at the
mine.
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Stephen Stine, Chief Operating Officer of Etruscan, stated:
"Connection to grid power is a significant operational improvement to the
mine which ensures a more reliable, lower cost power supply. The on-site
diesel generators were designed to be a backup power supply source, not
the primary power supply. Consequently, reliability had decreased over
time resulting in disruptions to the operations. Etruscan's operational
team can focus now on continuing to improve gold production without the
distraction of an unreliable power supply."
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Monthly production at the Youga Gold Mine continues to perform, with
September production of 6,600 ounces from 75,011 tonnes of ore. This is
compared to 6,526 ounces produced in August, 6,093 ounces in July and 5,127
ounces in June. The Youga Mine is continuing to work towards achieving a
minimum monthly production of 7,000 ounces and plant throughput of 80,000
tonnes.
Stephen Stine P.E., the Chief Operating Officer of Etruscan, is the
Qualified Person overseeing production at the Youga Gold Mine, and has
reviewed and approved this press release.
About Etruscan Resources Inc.
Etruscan Resources Inc. is a gold focused Canadian junior mining company
with dominant land positions in district scale gold belts covering more than
10,000 square kilometers in West Africa. Its principal mine development
projects include the Youga Gold Project in Burkina Faso, the Agbaou Gold
Project in Côte d'Ivoire and the Finkolo Gold Project in Mali. Advanced and
early stage exploration projects are on-going in Burkina Faso, Mali, Côte
d'Ivoire, Ghana and Namibia. Etruscan also has a 47.4% interest in Etruscan
Diamonds Limited which has a dominant land position in the Ventersdorp Diamond
District located in South Africa. The common shares of Etruscan are traded on
The TSX Exchange under the symbol "EET". More extensive information on
Etruscan can be found on its home page at http://www.etruscan.com
The common shares of Etruscan are traded on the TSX Exchange under the
symbol "EET". More extensive information on Etruscan can be found on its home
page at http://www.etruscan.com
