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Exeter Resource Corporation: Definition Drilling Confirms Continuity of Mineralization at La Cabeza
Business Wire, Dec 5, 2005
VANCOUVER, British Columbia -- Exeter Resource Corporation (TSX VENTURE:XRC)(FWB:EXB) reports new drilling results that confirm the continuity and the predicted grade of mineralization within the three ore-grade zones tested to date at its La Cabeza gold project in Argentina. The results are from an ongoing 5000 metre definition drilling program, which is now approximately 65% complete.
The main objective of the definition drilling program is to raise the confidence level of previously estimated "inferred" resources to "indicated" or "measured" resources. In addition, the program is testing potential extensions of mineralisation within the current conceptual pits. The program is only one component of an ongoing three-rig resource expansion program. Other components include the discovery of new resources under sand cover, and step-out drilling to discover extensions and parallel veins to the outcropping vein zones.
Exeter's Chairman, Yale Simpson, commented: "Our 2005 definition drilling has been an unqualified success to date. It is confirming both the mineralization and the geological models developed for the La Cabeza gold deposit. In addition, importantly, extensions to mineralization are being confirmed and waste rock in our conceptual open pits is being replaced with rock potentially categorized as ore in the resource models."
Detailed Results
Significant results received to date from drilling at the Luna, Ojo, and Cuello Zones are set out below. Results from additional drilling will be announced as the program proceeds:
Luna Zone
Definition drilling on the Luna Zone has concentrated on in-fill drilling in the centre area of the deposit to confirm the continuity of mineralization (drill holes; LCD-67, LCD-68, LCD-70, and LCP-181). Other drilling provided infill in the central zone (drill holes; LCD-65, LCD-66 and LCD-69) and tested the interpreted northeast extensions of shallow dipping mineralisation (drill holes; LCD-64 and LCP-182). Previous drill hole LCP-149 was extended to further investigate the south-eastern zone. Additional reverse circulation and diamond drilling is now planned at both the north-eastern and south-eastern zones.
Luna Zone - Significant Gold Results
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Hole From To Width Grade
No. (m) (m) (m) (g/t)
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LCD-64 0 9 9 4.3
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88.0 89.7 1.7 2.0
------------------------------------------------
95.0 96.0 1.0 1.2
------------------------------------------------
LCD-65 4.75 25.00 20.25 3.4
------------------------------------------------
28.0 31.3 3.3 3.2
------------------------------------------------
43.7 45.0 1.3 2.3
------------------------------------------------
60 64 4.0 3.8
------------------------------------------------
68 69.75 1.75 3.4
------------------------------------------------
75.65 81.0 5.35 2.3
------------------------------------------------
83.0 85.0 2 1.0
------------------------------------------------
LCD-66 50.0 51.0 1 3.1
------------------------------------------------
52 53 1 1.1
------------------------------------------------
58 59 1 13.1
------------------------------------------------
60 70 10 3.7
------------------------------------------------
LCD-67 6.0 11 5 1.4
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12.9 15 2.1 1.4
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29 33.9 4.9 4.6
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39 41.14 2.14 1.8
------------------------------------------------
47.87 50 2.13 1.6
------------------------------------------------
72 73 1 2.6
------------------------------------------------
76 77 1 2.2
------------------------------------------------
80 81 1 3.2
------------------------------------------------
LCD-68 0 3 3 2.3
------------------------------------------------
14 16.35 2.35 1.6
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20.35 26 5.65 2.1
------------------------------------------------
35 39 4 2.3
------------------------------------------------
45 50 5 1.7
------------------------------------------------
54 62.3 8.3 2.2
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68.72 71 2.28 3.8
------------------------------------------------
72 81 9 6.3
------------------------------------------------
85 86 1 1.4
------------------------------------------------
104 105 1 1.1
------------------------------------------------
LCD-69 9.5 14.9 5.4 1.1
------------------------------------------------
16.75 28.2 11.45 10.2
------------------------------------------------
35 36 1 1.4
------------------------------------------------
LCD-70 38 39.4 1.4 1.1
------------------------------------------------
82.7 86.65 3.95 1.4
------------------------------------------------
90 91 1 2.0
------------------------------------------------
93.2 94 0.8 3.1
------------------------------------------------
103 103.7 0.7 1.5
------------------------------------------------
107.35 108 0.65 2.5
------------------------------------------------
112 112.9 0.9 1.7
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118 121.15 3.15 4.0
------------------------------------------------
LCP-181 1 34 33 5.2
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including 1 16 15 9.6
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and 73 82 9 1.1
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LCP-182 1 10 9 0.9
------------------------------------------------
including 1 4 3 1.2
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40 46 6 1.3
------------------------------------------------
88 103 15 1.3
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including 91 94 3 4.1
------------------------------------------------
LCP-149
Extension 69 72 3 7.7
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81 84 3 3.0
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