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[michael_bill]

Exeter drills two m at 11.9 gpt Au at La Cabeza

2006-09-05 07:32 ET - News Release

Mr. Bryce Roxburgh reports

EXETER RESOURCE CORPORATION: OJO ZONE DRILLING EXTENDS GOLD MINERALIZATION AT LA CABEZA

Exeter Resource Corp.'s resource expansion drilling on the Ojo zone of its La Cabeza project has intersected significant gold mineralization.

The Ojo zone is one of the four principal zones of mineralization on the project. Significant diamond drill results, tabulated below, include intercepts of:

* 12.7 metres at a grade of 3.1 grams per tonne gold including two metres at a grade of 11.9 g/t gold in hole LCD-105;

* 46 metres at a grade of 1.6 g/t gold including 11 metres at a grade of 3.1 g/t gold in LCD-124;

* 8.2 metres at a grade of 2.3 g/t gold in LCD-125; and

* 27 metres at a grade of 1.8 g/t gold including six metres at a grade of 3.1 g/t gold in LCP-215.

New targets

Separately, Exeter reports that two new target areas have been delineated near Ojo, beneath three to 12 metres of sand cover. Bedrock drilling located immediately west northwest of Ojo returned anomalous gold values of 0.6 g/t, 0.5 g/t and four separate values of 0.4 g/t, all in samples taken from the top three metres of bedrock.

The second new target is located midway between the Central vein zone and the Luna zone. One bedrock drill hole assayed 0.5 g/t gold over three metres. These targets will now be defined by conventional reverse circulation drilling.

Company comment

Exeter's chairman, Yale Simpson, commented: "The results from drill holes, LCD-124, LCD-125, LCP-214 and LCP-215 confirm the grade and distribution of mineralization in the Ojo zone, both in sedimentary and volcanic rocks. However, the mineralization intersected by LCD-105 represents an extension of the high-grade hydrothermal breccias tested in 2005. Additional drilling will test the breccia zone at depth, where it remains open for further extension."

Detailed drilling results

Significant assay results from five additional drill holes testing the Ojo prospect are as follows:

Hole From (m) To (m) Width (m) Au grade (g/t)
LCD-105 10 22.7 12.7 3.1
including 13 15 2 11.9
LCD-124 4 50 46 1.6 (i)
including 16 17 1 6.2
and 21 32 11 3.1
LCD-125 4 12.2 8.2 2.3 (ii)
including 9.6 10.2 0.6 10.3
LCP-214 5 26 21 0.6
including 17 20 3 1.1
53 59 6 1.4
68 71 3 0.7 (iii)
LCP-215 9 36 27 1.8
including 18 24 6 3.1
78 81 3 0.9

(i) Regular whole rock core samples of HQ-size diamond
drill core, in representative rock types (in both
mineralized and unmineralized rocks) have been
collected for simple compression tests. The intervals
8.0 to 9.0 metres and 32 to 33 metres, within this
46-metre intersection, represent such samples and for
reporting purposes here both have been assumed to have
a gold value of zero.

(ii) Diamond drill hole LCD-125 actually intersected
mineralization greater than 1.0 g/t gold (and up to 7.2
g/t gold) from surface down to the first assay reported
at four metres. Given that the rock drilled was weathered
and broken, the core recoveries in this interval was
significantly less than the 85 per cent required for
reporting purposes. Fortunately, in this case, sample
data from nearby channel sampling can be used in the next
resource estimation.

(iii) RC drill hole LCP-214 terminated in mineralization
with the last three metres assaying 0.7 g/t gold. This
drill hole will be extended.

Diamond core hole LCD-105 was located 25 metres northwest of LCP-139 (which intersected nine metres at a grade of 4.3 g/t gold) and confirmed the continuation of hydrothermal breccia mineralization at depth. Approximately 75 metres northwest of this hole, 14 rotary air blast holes returned anomalous gold values of between 0.15 g/t and 0.57 g/t, associated with brecciated felsic porphyry. RC drilling will test this target area.

Diamond core holes LCD-124 and LCD-125 were drilled 50 metres apart, on the same section, to test the vertical and lateral extent of mineralization indicated by surface channel sampling. Most of the gold mineralization intersected in the two holes is related to fractured and brecciated felsic porphyry, with dark grey chalcedonic silica in the breccia matrix.

RC drill holes LCP-214 and 215 were in-fill holes on the same section line, between two previous sections that were spaced 50 metres apart. Gold mineralization within LCP-214 is within quartz sandstone from a depth of five metres. Gold mineralization in LCP-215, located approximately 40 metres northwest of LCP-214, is hosted within felsic volcanics and sedimentary rocks.

2006 drilling progress

Two multipurpose reverse circulation-diamond drills and two conventional diamond drills are currently operating at La Cabeza. At the end of June, the drilling program that was commenced in January was 45 per cent complete, with 6,500 metres remaining. The program for the remainder of 2006 was increased to extend and add definition to new mineralization identified in the 2006 program.

The drilling program now includes "fences" of RC drill holes in areas of sand cover to test prospective structural corridors. The revised drilling program including the "fence" drilling will total 12,000 metres. This expanded program is expected to be completed by year-end and will be followed, as quickly as possible thereafter by a new, independent resource estimation.

Vein and drill hole locations can be viewed on the Exeter website.

Quality control and assurance

The gold assay results presented above are preliminary and have been calculated using a 0.5 g/t gold cut-off grade, with no cutting of high grades. All reverse circulation drill samples are collected using a cyclone in one-metre intervals; the majority are then composited into three-metre samples. The HQ diamond drill core samples are split at one-metre intervals or on geological contacts. Samples were collected in accordance with industry standards. Samples were prepared at the ALS Chemex preparation facility in Mendoza, Argentina, and assayed by fire assay (50-gram charge) at the ALS Chemex laboratory facility in La Serena, Chile, both ISO-9001:200 certified laboratories.

Check assaying of all samples assaying greater than 1.0 g/t gold will be completed by ALS Chemex in Chile. The company applies industry standard techniques for systematic inclusions of standard, blank and duplicate samples throughout the sample sequence as checks. Note that the drill widths presented above are drill intersection widths and may not represent true widths.

Matthew Williams, Exeter's exploration manager and a "qualified person" within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has supervised the preparation of the technical information contained in this news release.

We seek Safe Harbor.

[Dreamer20000]

exeter 2,75 cad (1,93 €)
!!! auch noch unter pari !!!

[michael_bill]

Antwort auf Beitrag Nr.: 23.770.139 von Dreamer20000 am 05.09.06 13:59:47

So sieht es aus ...
Die warten wohl auf die Eröffnung in CAN.Die Späteinsteiger sind wohl selber schuld.
bill.

[Dreamer20000]

2,78 cad

[Dreamer20000]

jetzt 2,81 !!!

[Richy]

Geht`s weiter aufwärts in Kanada?

[Dreamer20000]

2,80 leider sehr wenig umsätze !!!

[Angelqueen62]

Antwort auf Beitrag Nr.: 23.772.815 von Dreamer20000 am 05.09.06 16:10:31

Was soll denn das spinnen die Canadier bei den Guten Ergebnissen treibt man doch den Kurs nicht nach Süden, die haben die falsche Richtung eingeschlagen

Gruss Quinnie

[honigbaer]

Hier war doch früher mal Paul Ray ein Director, wieso bzw seit wann ist er das nicht mehr laut Exeter-Homepage?

[Zocker1997]

Hier konnte man heute früh gemütlich unter 1,40 Euro ein paar Aktien einsammeln und auf eine Gegenbewegung in den nächsten Tagen spekulieren.Denn der Kursrutsch von 2,00 Euro unter 1,40 Euro innerhalb weniger Tage war völlig übertrieben!!!!!

[InaWetterfaehnchen]

was ist hier überhaupt los und wo ist der alte Thread geblieben ?

[gerdass]

Antwort auf Beitrag Nr.: 23.772.422 von Richy am 05.09.06 15:53:43

[tradejunkie]

Antwort auf Beitrag Nr.: 26.272.595 von InaWetterfaehnchen am 18.12.06 11:53:26

meinst du den?

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