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Exeter Announces Drilling to Expand Caspiche Gold Copper Porphyry
Exeter Announces Drilling to Expand Caspiche Gold Copper Porphyry
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nExeter Announces Drilling to Expand Caspiche Gold Copper Porphyry\n\n\n Jun. 15, 2009 (TheNewswire.ca) -- Vancouver, B.C., June 15, 2009 - Exeter Resource Corporation (AMEX:XRA) (TSXV:XRC) (NYSE-AMEX:XRA, TSX-V:XRC, Frankfurt:EXB - \"Exeter\" or the \"Company\") reports that drill hole CSD039a has returned 876 metres (2,874 ft) at a grade of 0.75 grams per tonne (\"g/t\") gold (0.022 ounces per ton (\"oz/ton\")) and 0.29% copper, including a 582 metre (1,909 ft) section assaying 1.00 g/t gold (0.029 oz/ton) and 0.36% copper. This new drill hole tested the continuity of mineralization to depth below previous holes with shallower intercepts.CSD039a, a steep hole, was drilled in a south westerly direction, opposite to the north easterly bearing of most other holes drilled this season. The oxide zone intercept returned low grades (see table below) in contrast to good grades in the lower sulphide zone intercept. The bulked intercepts are as follows:· 876 metres (\"m\")(2,874 ft) at a grade of 0.75 g/t gold (0.022 oz/ton) and 0.29% copper, from a down hole depth of 126 m (413 ft) to 1,002 m (3,287ft), including· 582 m (1,909 ft) at a grade of 1.00 g/t gold (0.029 oz/ton) and 0.36% copper to a depth of 1,002 m (3,286 ft).Approximately 250 m (800 ft) of this intercept is vertically below mineralization reported in the interim mineral resource estimate announced on March 24, 2009. That resource estimate, based on drilling to year end 2008, was 450 million tonnes containing 8.7 million ounces of gold and 2.1 billion pounds of copper*.CSD037 was drilled to test a section 200 m beneath CSD032. It is interpreted to have intersected the western margin of mineralization on this drill section. Results include:· 708 m (2,322 ft) at a grade of 0.50 g/t gold (0.015 oz/ton) and 0.22% copper, from 434 m (1,423 ft) to 1,142 m (3,746 ft) down hole.CSD037 intersected mainly sediments and volcanic breccias which host mineralization peripheral to the main diorite porphyry intrusion. Previously reported drill hole CSD032, drilled 200 m east of CSD037, was within the diorite porphyry from 830 to 1,270 m depth and returned a 1,214 m (3,982 ft) intercept, at a grade of 0.90 g/t gold (0.026 oz/ton) and 0.33% copper (see news release NR 09-04 dated February 25, 2009).CSD038, drilled at the very south eastern edge of the system, was designed to...