Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Exeter Resource sets the drill rigs turning at Caspiche

Tuesday, February 21, 2017 6:11
% of readers think this story is Fact. Add your two cents.

Exeter Resource Corporation (NYSEMKT:XRA) (TSE:XRC) has commenced a 6,000 metre drill program on its Caspiche gold-copper project in Chile.

The program, contracted to Synergy Drilling, is designed to improve the definition of the known oxide gold zone and other potentially leachable gold zones currently not included in the oxide gold heap leach mine plan.

While the gold oxide zone is well defined by previous drilling, the current program will bring confidence levels to feasibility standards, a necessary component of the company’s plan to move Caspiche oxides to a production decision.

In a 2014 preliminary economic assessment it was envisaged that the heap leach oxide gold project would produce an average of 122,000 ounces of gold equivalent annually over a planned 10 year mine life.

Exeter also stated that it currently has cash reserves of C$16 million and no debt.

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.