XRA: Significant Assay Results at Cerro Moro

CHRIS THOMPSON, Haywood Securities (02/04/2010)
"Exeter has released assay results from infill drilling (48 diamond-drill holes) on the Escondida vein at Cerro Moro, Santa Cruz Province, Argentina. Of the 48 diamond-drill holes assayed, 28 holes returned significant results, including 12 with very high grade. All significant results were from holes drilled on the Escondida Far West and West sectors.

Significant intersections include the following:
  • MD644: 5.4 meters of 64.4 g/t gold and 5,131 g/t silver, from 69.6 meters to 75.0 meters
  • MD646: 6.1 meters of 56.4 g/t gold and 2,496 g/t silver, from 113.9 meters to 120.0 meters, including: 0.6 meters of 423.8 g/t gold and 9,958 g/t silver, from 115.5 meters to 116.1 meters
  • MD699: 1.0 meter of 184.4 g/t gold and 1,414 g/t silver, from 117.9 meters to 118.2 meters, including: 0.3 meter of 523.7 g/t gold and 1,591 g/t silver, from 118.2 meters to 118.5 meters

An additional 85 diamond-drill holes have been drilled at Escondida, with assay results expected in due course, pending processing, sampling and assaying."

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