Business
Exeter 2008 Annual Report
Exeter 2008 Annual Report
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nExeter 2008 Annual Report\n\n\n May 7, 2009 (TheNewswire.ca) -- Vancouver, BC, May 7, 2009 - Exeter Resource Corporation (AMEX:XRA) (TSXV:XRC) (NYSE-AMEX: XRA, TSX-V: XRC, Frankfurt: EXB - \"Exeter\" or the \"Company\") reports that it has posted its 2008 Annual Report on its website at www.exeterresource.com in the Investors section under \"Annual Reports\".The 2008 Annual Report, which has been filed with the United States Securities and Exchange Commission and Canadian Securities Administrators, may also be accessed at www.sec.gov/ and www.sedar.com among the Company's disclosure documents or may be obtained in hardcopy, free of charge, by contacting the Company toll free at 1 888 688 9592 or by email at [email protected] ExeterExeter Resource Corporation is a Canadian mineral exploration company focused on the discovery and development of gold and silver properties in South America. The Company has $38 million in its treasury.The Caspiche gold-copper discovery is situated in the Maricunga gold district of Chile, between the Refugio mine (Kinross Gold Corp.) and the giant Cerro Casale gold deposit (Barrick Gold Corp. and Kinross Gold Corp. (OOTC:KNRSF) (TSX:K''C) (TSX:K''B) (NYSE:KGC) (TSX:K'U) (TSX:K) ). The interim resource (National Instrument 43-101 (\"NI 43-101\") compliant - inferred category) for Caspiche is 8.7 million ounces of gold and 2.1 billion pounds of copper (see *Note below). Drilling with four rigs remains focussed on delineating the external boundaries of Caspiche with an objective of producing a second NI 43-101 compliant resources estimate in September 2009.Exeter's priority on its Cerro Moro high grade gold-silver property in Argentina is the Escondida vein where drilling has returned multiple intercepts of 12-18 grams per tonne (\"g/t\") gold equivalent** over potentially mineable widths. The results from drilling to December 2008 will be used to produce a NI 43-101 compliant resources estimate, expected during the second quarter of 2009.Drilling the high grade Escondida vein at Cerro Moro resumed in April. Drill testing for possible extensions into the adjacent joint ventured Fomicruz lands will follow receipt of a drill permit. Exeter will continue to develop its Cerro Moro conceptual models so that on receipt of the resources estimate, it can advance the project to the scoping study l...