The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Dip in Exeter's Share Price Offers an Attractive Opportunity
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Resource Opportunities (04/14/2009)
"Exeter reported an interim resource estimate for its Caspiche gold-copper project in Chile that outlined an inferred resource with 8.7 million ounces of gold and 2.1 billion pounds of copper. The ongoing drill program indicates that the deposit remains open for expansion to the west, south and to depth and could be considerably larger than the interim estimate. Exeter is continuing to drill at Caspiche with four rigs that continue to probe the extent of the massive deposit. Clearly, the mineralized zone extends well beyond that used in the first resource estimate. Drill hole CSD032 cut 1,214 meters at 0.9 grams per tonne gold and 0.33% copper extending the deposit to the southwest and to depth. Other completed holes have further extended the zone. Our initial assessment of the results produced since the first resource estimate suggests that the Caspiche deposit could be much bigger than the first estimate, potentially twice or more. The company also continues to advance its second important gold discovery. A resource estimate is expected this quarter at the Cerro Moro gold-silver property in Argentina. A drill program will commence on the property once permits have been obtained. Exeter has $40 million in cash, a highly successful exploration team and two gold deposits on which it is adding considerable value. Exeter is trading at only $25 per ounce for the initial Caspiche deposit, giving no value to the copper, let alone to Cerro Moro, where the first resource estimate is due shortly and the excellent prospects that Caspiche will get bigger. The dip in the share price offers an attractive opportunity." |
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