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Exeter Reports Final Caspiche Drilling Results for the 2008-2009 Season
Exeter Reports Final Caspiche Drilling Results for the 2008-2009 Season
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nExeter Reports Final Caspiche Drilling Results for the 2008-2009 Season\n\n\n Jul. 13, 2009 (TheNewswire.ca) -- Vancouver, B.C., July 13, 2009 - Exeter Resource Corporation (AMEX:XRA) (TSXV:XRC) (NYSE-AMEX:XRA, TSX-V:XRC, Frankfurt:EXB - \"Exeter\" or the \"Company\") is pleased to report the final results from the 2008/2009 drill season at its Caspiche gold-copper property in Chile. CSD036a, the final deep diamond hole from the Caspiche central zone, returned an intercept of 783 metres (2,567 feet) at 0.65 grams per tonne (0.019 ounces per ton) gold and 0.21% copper from a down hole depth of 161 metres (528 feet).Exeter President and CEO, Bryce Roxburgh, stated \"We expect that hole CSD036a should have a significant impact on the inferred mineral resource estimate currently being prepared by AMEC International (Chile) S.A., which is expected to be released in September 2009. CSD036a indicates excellent depth continuity for mineralization in the northern portion of the porphyry body and is one of many well mineralized drill holes returned this season. We are confident of a substantial addition to the interim resource estimate* (450 million tons for 8.7 million ounces of gold and 2.1 billion pounds of copper) announced on March 24, 2009.\"The results from exploratory drill hole CSD042 are extremely interesting. CSD042 is located some 450 metres (\"m\")(1,476 feet (\"ft\")) west of previous economic tenor drill intercepts. It intersected porphyry style mineralization and alteration over an intercept of 57.5 m (189 ft) that assayed 0.45 grams per tonne (\"g/t\")(0.013 ounces per ton (\"oz/ton\")) gold from a down hole depth of 400 m (1,312 ft) to the bottom of the hole. Our geologists have suggested for some time that based on geological and geophysical evidence, the Caspiche mineralization may not be a \"crescent\" shaped body. It could extend under barren cover to form an irregular doughnut-shaped outline that surrounds a late stage poorly mineralized intrusive. Published reports on the Maricunga (Refugio) Gold mine located 15 kilometres north of Caspiche suggest a similar geologic model for the Verde West orebody with several orebodies surrounding a poorly mineralized core. This interpretation potentially opens up an exciting new target area of unknown size.\"A new drilling program is scheduled to commence in October. Its aim ...