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Market: TSX| AMEX.NYSE
Sector: Gold Mining
Epic: .XRC
News: Latest news
Web Site: Exeter Resource Corporation
Other Articles: 18-02-201011-02-201003-02-2010

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Tuesday March 16, 12:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

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Tuesday March 16, 11:50Gulf Resources: a burgeoning industrial minerals force in Africa

A new force in industrial minerals is taking shape in Africa, following on from Gulf's acquisition of world class vermiculite assets from Rio Tinto International in 2009.  

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Exeter Resource Corporation

Exeter Resource Corporation

Exeter Resource Corporation is one of the most active exploration and mine development companies operating in South America. The Company has C$30 million in cash, no debt and two principal assets: the Caspiche gold-copper porphyry discovery and the Cerro Moro high-grade gold-silver deposit.

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Wednesday, February 03, 2010

Exeter’s Cerro Morro project continues to return excellent drill results

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Exeter Resource Corporation (“Exeter”) (NYSE AMEX: XRA, TSX: XRC, FSE: EXB) reported more high grade and bonanza grade gold intersects from in-fill drilling at the Cerro Moro project in Santa Cruz Province, Argentina.  Santa Cruz province is one of the most sought after locations for gold explorers and producers alike, with a string of discoveries made in recent years and several mid-tier and top-tier gold and silver companies active in the area.


Exeter for its part, has been diligently advancing Cerro Moro, and announced just a few weeks ago that it intends to spin the project  - and $25 million in cash – into a separate company.   Today’s drill results, which were aplenty, continued to highlight the potential of the project; the most impressive result emanated from drill hole MD644 which returned 5.38 meters at an average grade of 149.9 grams per tonne gold equivalent. Exeter calculates gold equivalent grades by dividing the silver assay result by 60, adding it to the gold value and assuming 100% metallurgical recovery.  Exeter released assay results from 28 holes in total today which were all drilled in the ‘Far West’ sector of the Escondida Vein. 12 of the 28 holes reported high grade gold.


 “Within two weeks the Company will have completed the infill drilling considered sufficient to bring a substantial component of the Escondida mineralization into the Indicated Resource category,” Exeter’s Exploration Manager Matt Williams stated. “When the in-fill drilling is finished we will focus exploration on new targets, particularly those situated close to known ore grade mineralisation. Initially we will test the transition area between the Far West zone and the Fomicruz joint venture lands to the west. We will retain 3 drill rigs to test such new targets.”

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