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Market: TSX
Sector: General Mining - Gold
EPIC: XG
Latest Price: C$2.95  (0,00%)
52-week High: C$14.57
52-week Low: C$2.27
Market Cap: C$285.91M
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Extorre Gold Mines
www.extorre.com

Extorre Gold Mines is an emerging gold & silver producer in Argentina, which is listed under the symbol XG on the Toronto Stock Exchange (TSX) and the NYSE-AMEX Exchange. The cash position on November 1, 2011, is $35 million. Cerro Moro is Extorre's flagship gold-silver property located in mining friendly Santa Cruz Province.

 

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Extorre Gold reports high grade gold-silver intercepts from Cerro Moro in Argentina

14th Dec 2010, 2:47 pm

Extorre Gold Mines (TSX:XG, FSX: E1R, OTC: EXGMF) announced Tuesday high grade gold-silver intercepts from its Cerro Moro project in Santa Cruz, Argentina.

The company said that recent drilling has focused on a combination of discovery drilling on new targets and extensions to known mineralization, as well as infill drilling to upgrade the existing resource areas to the indicated category.

Highlights of the results from the discovery diamond drilling program on the Gabriela, Escondida, Martina and Loma Escondida zones, include hole MD1002 at Gabriela, which returned 0.39 metres at 200.9 g/t gold and 8,785 g/t silver; hole MD0940 at Escondida, which intersected 4.40m at 5.4 g/t gold and 668 g/t silver; 3.25m at 10.4 g/t gold and 788 g/t silver from hole MD0947 at Escondida and 1.10m at 6.2 g/t gold and 702 g/t silver from hole MD0951 at Escondida.

At Martina, hole MD0980 intersected 0.73m at 14.3 g/t gold and 10 g/t silver.

Infill drilling highlights from the Loma Escondida zone include hole MD1030, which intersected 0.34m at 74.5 g/t gold and 4,685 g/t silver; hole MD1036, which intersected 0.88m at 55.0 g/t gold and 2,408 g/t silver; hole MD1038 with 0.50m at 90.4 g/t gold and 6,344 g/t silver; and MD1046 with 40m at 74.2 g/t gold and 5,963 g/t silver.

"With the infill drilling program largely complete, the discovery program is now our highest priority. Up to 4 drill rigs are working on a 24 hours basis to establish additional resources on the property," said president and CEO Eric Roth.

"Drilling is focussing both on new targets such as the Martina and Lucia veins and extensions to existing resource areas at Escondida, Gabriela, and Loma Escondida. Separately, drilling to increase the resource on another vein named the Esperanza zone has now commenced."

Extorre said that it still has assay back log for some 100 drill holes and is building an onsite sample preparation facility to rectify the problem, scheduled for start up in February next year.

Separately, to satisfy the requirements for the Environmental Impact Assessment and the PEA, which is currently under review by Santa Cruz authorities, infrastructure drilling for water resources and plant site engineering was completed at Cerro Moro.

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