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Feature Company: Etruscus Resources Corp. (CSE:ETR)

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The company is focused on the development of its 100%-owned Rock & Roll and Sugar properties comprising 27,880 hectares near the past producing Snip mine in Northwest B.C.'s prolific Golden Triangle.

Additional Information:

Company: Etruscus Resources Corp.
Website: http://www.EtruscusResources.com
Stock Symbol: CSE:ETR
Date Published: Sep 23, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Today’s feature company is Etruscus Resources Corp., a Vancouver-based junior exploration company.

The company is focused on the development of its 100%-owned Rock & Roll and Sugar properties comprising 27,880 hectares near the past producing Snip mine in Northwest B.C.'s prolific Golden Triangle.

The company is awaiting assays from its completed Phase 1 field exploration program which consisted of sampling, prospecting and mapping across the large, underexplored land package, some of which has never seen any work.

In addition, Etruscus recently intersected multiple zones of massive and semi-massive sulphides during deep drilling at its Rock & Roll Property, again with assays pending.

The company is currently reviewing early results for potential further drill testing to expand its gold-silver rich Black Dog Deposit, a precious metal rich VMS deposit that displays many geological similarities to Eskay Creek deposit located 50 km to the east.

Drilling has moved to "Brown Sugar", a shallow portion of "The Wall" target that occurs at depth.

It is down-dip of and has a footprint 10 times the size of the Black Dog deposit.

In late 2018, an updated NI 43-101 compliant Inferred Mineral Resource Estimate was produced for the Black Dog deposit, showing 170,000 ounces of gold equivalent in the Inferred category using a cut
off grade of 0.5 grams per tonne gold equivalent.

The company recently engaged Conduit Capital Advisors (www.conduitir.com), an investor relations and corporate advisory business founded by Derek Wood, to provide investor relations services.

Gordon Lam, CEO, stated: “Conduit has a remarkable track record of success in creating awareness and shareholder value of undervalued companies. Their impressive ability to brand companies to effectively engage with the investment community is invaluable as Etruscus advances towards the next stage of its growth.”

Derek Wood commented: “We are extremely happy to be working with Etruscus. Conduit only works with companies after conducting an extensive due diligence process. Conduit must believe amongst other things, that potential risks are justified given the opportunity for substantial wealth creation if successful, and that management interest are closely aligned with investors.”

The company recently closed a non-brokered private placement raising gross proceeds of $1.5 million, with a lead order from Palisades Goldcorp, Canada's new resource focused merchant bank that is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.

The placement consisted of non-flow-through units priced at $0.35 per unit, consisting of 1 share and 1 warrant, with the warrant exercisable at $0.50 for 36 months.

Flow-through units were also issued at $0.45 per unit, with each unit consisting of 1 share and 1 warrant, with the warrant exercisable at $0.60 for 36 months.

The shares are trading at $0.36.

For more information, please visit the company’s website www.EtruscusResources.com, or contact Gordon Lam, CEO, at 604-336-9088 or email gordon@EtruscusResources.com.

I’m Cassandra Bolinski for Investmentpitch Media