www.exeterresource.com
Exeter, a Canadian exploration company, controls 100% of the world class Caspiche gold-copper discovery in Chile. The Company has a treasury of $74 million and no debt.
Exeter Resource's Cerro Moro gold project within newly designated ‘area of special interest for mining’ in Argentina
Exeter Resource Corp (AMEX: XRA, TSX: XRC) said that the area in Argentina which hosts all of the known prospects within the Formicruz JV lands, including the Cerro Moro gold project, has been designated as an area of special interest for mining, paving the way for the company’s present and contemplated future exploration and mine development activities in the province of Santa Cruz.
New legislation to that effect was passed yesterday.
Exeter is currently formulating an expanded exploration and development plan for Cerro Moro, planning to finance it with part of the US$74 million funds currently held by the company.
The Cerro Moro project has an initial inferred minerals resource of 646,000 oz (ounces) of gold equivalent graded at 18 g/t (grammes per tonne) of gold equivalent. Over 200 infill holes have been drilled on the Escondida vein structure to upgrade sector of the inferred resource that might be scheduled for mining.
The company’s other principal project, The Caspiche in Chile, is estimated to have a resource of 1,117 Mt (million tonnes) at a grade of 0.55 g/t gold and 1.12 g/t silver, including 1,017 Mt at a grade of 0.22% copper, equating an in-situ resource of 19.6 Moz (million ounces) of gold, 40 Moz of silver and 4.84 billion lbs (pounds) of copper for a total of 32.4 Moz of gold equivalent.



















