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Exeter Reports on Preliminary Infrastructure and Metallurgy Studies at Caspiche
Exeter Reports on Preliminary Infrastructure and Metallurgy Studies at Caspiche
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nExeter Reports on Preliminary Infrastructure and Metallurgy Studies at Caspiche\n\n\n Jun. 5, 2009 (TheNewswire.ca) -- Vancouver, B.C., June 5, 2009 - Exeter Resource Corporation (AMEX:XRA) (TSXV:XRC) (NYSE-AMEX:XRA, TSX-V:XRC, Frankfurt:EXB - \"Exeter\" or the \"Company\") reports results from the first round of infrastructure studies and metallurgical testwork on its Caspiche gold-copper porphyry in Chile. The Company is of a view that, following the March 2009 announcement of an interim National Instrument 43-101 (\"NI43-101\") compliant inferred resource estimate of 8.7 million ounces gold and 2 billion pounds copper*, the project now merits preliminary studies to identify factors critical to future capital and operating cost estimates.Water StudiesKnight Piesold Consulting has completed a preliminary water supply study that included the following:\n.a review of previous water studies in the area carried out by, amongst others, public entities, private entities and universities. .detailed descriptions of the legislation and the regulations applicable to surface and ground water rights in the area. .a compilation of hydrogeological information for the area. .a study of the commercial value of water rights in the region. .compiling a database containing all approved and pending rights (for surface and ground waters) in the area. .an analysis of the social impact of present and future water demands in the area. In addition to the Knight Piesold study on local water sources, Hatch Engineering has completed a benchmarking study of Caspiche water supply alternatives using seawater and desalinated water at various flow rates. The study considered the intake, treatment, and piping of water from the coast to the project site including:\n.the identification of potential seawater intake locations and initial pipeline routes to Caspiche. .a technical recommendation and analysis of the most appropriate desalination technology to use. .a capital cost estimate with a target accuracy of ± 40%, and operating cost estimates at different flow rates. Power StudiesExeter contracted Hatch Engineering to perform a benchmarking power supply study on the electrical power system of Chile, and more specifically of the 3rd Region of the country, wherein Caspiche is situated....