XRA: Caspiche Drill Results

DAVID WEST, Salman Partners (05/26/2010)
"Drill results from Caspiche show expansion of deposit likely to the east Exeter Resource has released assay results from a small number of drill holes recently taken from the Caspiche project, located in Northern Chile. The results include:
  • Drill hole CSD062: 624 meters at 0.85 g/t Au plus significant copper includes 1.00 g/t Au over 400 meters.
  • Drill hole CSD063: 828 meters at 0.6 g/t Au plus significant copper.
Both drill holes were taken from the eastern section of the Caspiche deposit, which, based on the results of the assays and location, is likely to provide growth to the overall size of the deposit as well as increase the size of the higher-grade core of the deposit.

The company plans to complete a resource update in September of this year, which should include these results, as well as all of the remaining drill holes completed but not yet released. More importantly, we expect Exeter to have a project assessment study on Caspiche released in the first half of 2011."

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