Thursday, 24th May 2007 (2410 views)

Exeter Resource Corporation has announced that it has intersected good gold grades at its Caspiche project which is located in Chile.

One 304 metre intersection was made which had grades of 0.9 grams of gold per tonne from a down hole depth of 40 metres.

It tested a never before explored, partially-defined porphyry gold target area and found that it shows mineralisation within a microdiorite porphyry, which means it showed consistent grades over the entire interval.

Jason Beckton, the firm's manager in Chile, said: "The continuity of grades in the hole and the fact that it ended at 344 metres in gold mineralisation is remarkable - and the mineralisation is open for extension to the north, east and west of the drill hole."

He said that the firm's principal focus at Caspiche is the five kilometre-long epithermal system, located on the northern margin of a large geophysical anomaly.

A hole drilled there targeted the sizeable gold porphyry at the Caspiche Central zone, approximately 2.5 kilometres to the south.

 

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