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Market: TSX, AMEX
Sector: Gold Mining
Epic: XRC
News: Latest news
Web Site: Exeter Resource Corporation
Other Articles: 25-05-201004-05-201007-04-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Exeter Resource Corporation

Exeter Resource Corporation

Exeter Resource Corporation is one of the most active exploration and mine development companies in South America. The Company has $41 million in cash, no debt and its principal asset : the Caspiche gold-copper porphyry discovery.

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Tuesday, January 26, 2010

Exeter Resource encounters new gold mineralisation at Caspiche, to release resource estimate in late Q1/early Q2

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Exeter Resource Corp (TSX: XRC, AMEX: XRA) said that drilling 500 metres west of the Caspiche gold-copper porphyry deposit in Chile has encountered a new area of continuous gold mineralization, reporting an intersection of 300 metres grading 0.5 g/t (grammes per tonne) of gold from drill hole CSD044.

Mineralization in this area, which is now called the MacNeill Zone, remains open to the north, south and west, and to depth, under unmineralized cover. Two step-out drill holes are currently testing the target north and south of hole CSD044.

The company announced partial results from 4 new drill holes designed to expand the known Caspiche inferred resource and confirmed that by infill drilling. The results included intersections of 788 metres at 0.74 g/t gold and 0.31% copper from hole CSD043, 739 metres at 0.5 g/t gold and 0.15% copper including 240 metres at 0.83 g/t gold from hole CSD047, which Exeter said was the most northerly section line of the known higher grade zone, extending the area west towards the McNeill zone.

Drill hole CSD041A, which Exeter said marked the southern limit to economic tenor mineralisation in the deposit, intersected 628 metres at 0.27 g/t gold and 0.17% copper, while hole CSD048, an infill hole to upgrade the known inferred resource in the higher grade zone, intersected 844 metres at 0.59 g/t gold and 0.24% copper including 356 metres at 0.84 g/t gold and 0.25% copper.

“The impact of the new MacNeill zone on the mineral resource and project economics is yet to be determined. It could prove to be important, as it is located close to the boundary of the AMEC Whittle open pit used to define the current NI43-101 inferred resource,” said Project Manager at Exeter Justin Tolman.

Exeter said that the MacNeill zone appeared to be similar geologically to nearby "heap leachable" Maricunga gold projects and intended to perform first pass metallurgical testwork on CSD044 and the mineralized section of CSD042 to test if this mineralization could contribute to the leachable component of the project.

An interim resource estimate for Caspiche is expected in late Q1 to early Q2. A new NI43-101 mineral resource estimate for the full drilling season remains scheduled for September 2010.

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