DESCRIPTION: Exeter is one of the most successful gold companies operating in South America. The company's world-class Caspiche discovery in Chile hosts NI 43-101-compliant indicated and inferred resources of 24.3Moz. Au and 6,400Mlbs. Cu. Exploration is ongoing, with the next resource estimate scheduled for September 2010. Exeter's primary goals are to determine the ultimate size of the discovery and establish indicated resources for the highest-grade portion of the deposit. Drilling will continue through 2010 and likely into 2011 to satisfy that goal. Secondary goals are to complete preliminary engineering, metallurgical and environmental studies to determine options for mining operations on the property. With $38M+ in its treasury, Exeter is well funded to build further value for shareholders.
Indicated Category: 14.3 Moz. Au, 3.5bn lbs. Cu and 33.6 Moz. Ag Inferred Category: 10.0 Moz. Au, 2.9bn lbs. Cu and 26.7 Moz. Ag
*AMEC chose to report the resource above as Au eq. cutoff. Using prices of US$950/oz Au and $2.30/lb Cu, Au equivalent was calculated as follows: Au(g/t) + Cu(%) * (Cu Price [$/lb]/Au Price [$/oz]) * (Rec Cu/Rec Au)*0.06857*10000. Where Rec = % recovery and 0.06857 = conversion g*lb/oz. Au and Cu are the block kriged Au and Cu grades. Projected metallurgical recoveries were 75% and 85% for Au and Cu, respectively in sulphide material and 50% for Au in the oxide zone. Recoveries based on benchmarking of similar deposits.
Listen to Al and Roger Wiegand discuss Exeter Resources (7/6/10)
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"DL: The guys who run Exeter are really smart, and they're really good at what they do. They went out and got all these projects that the big guys couldn't be bothered with, started exploring them and found wonderful things. There are about 30 projects. . .They intend to go into production at Cerro Moro within two years, but I'm not sure they will need to. That project could well be taken over before they get it into production.
In theory, somebody is going to come along and eat Exeter. It could take a price in the mid-teens or higher 'to get that big porphyry. There are all sorts of companies that just want copper/gold porphyry deposits, including their next-door neighbors, Barrick and Kinross. . .The more important thing is that Barrick's getting ready to go to work next door at Cerro Casale. That will provide a lot of infrastructure in the area because both projects are in the mountains."
View Entire Article: Mosseri and Loud: Hedge Your Bets
The Gold Report Interview with Roger Wiegand (08/30/10)
"Exeter was the mother company. They split off Extorre because it made a lot of sense as far as management and things to do for the stock and stockholders. It's proven to be a good thing. . .Where does the stock behavior go from this point? I think it's going to go up."
View Entire Article: Roger Wiegand: Opportunity in Crisis
Joe Mazumdar, Haywood Securities
(07/09/10)
"Highlights from the company's latest drilling results confirm grades and mineralization. . .Grades were confirmed in the southeastern and northern portions of the system.
Higher-grade gold (and low-grade copper) mineralization within the MacNeill Zone. . .Extent of the mineralization to the northwest at MacNeill remains open.
Metallurgical work is currently underway to test for run-of-mine (ROM) heap-leaching potential for the oxide material, study sulphide zone material and conduct pilot plant test work. An additional 10,000 meters of drilling are planned to increase the amount of resource in the indicated category, as well as define the eastern (copper-enriched) limits of the deposit."
Canaccord Capital, Morning Coffee
(07/07/10)
"Chillin' in Chile. Exeter Resources released drill results from its 100%-owned Caspiche gold-copper project in Chile. Highlights include: Hole CSD069 intersected 540m at 0.84 g/t Au and 0.32% Cu; and Hole CSD067 intersected 676m at 0.55 g/t Au and 0.11% Cu in the northwest area of the deposit. Two holes testing the eastern extension of mineralization and one hole testing the northern extension returned more modest results. Drilling has stopped for southern winter; however, results from the last four drill holes are pending. Further drilling is expected to recommence in October with a minimum 10,000 m drill program. Metallurgical work, which could be a key de-risking hurdle for the company, is ongoing, with results expected in Q4/10. An updated Caspiche resource estimate is expected in September 2010. Additionally, scoping study results are expected late Q410 or early 2011. Exeter is one of Canaccord Genuity Mining Analyst Wendell Zerb's top picks, as Caspiche is one of the largest gold-copper-silver assets discovered in the last decade, and its significance should draw the attention of numerous interested parties. Exeter also represents strong leverage within a rising gold market."
Marc Davis, Top 40 Gold Stocks/BNW News (06/28/10)
"Exeter is advancing the Caspiche gold-copper discovery in northern Chile's prolific Maricunga gold belt (where over 100 million gold ounces are defined). This veritable monster, which is still growing in size through new drilling, already weighs in at 24.3 million ounces (Moz.) gold, making it the second largest of its kind in Latin America."
Listen to Al and Roger Wiegand discuss Exeter Resources (7/6/10)
New Caspiche and Cerro Moro videos available (1/10)
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