XTORRE (XG)

[SilverSurfer]

PAY DAY! noticed this up big today

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http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=152331&sn=Detail&pid=102055

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http://www.ambito.com/noticia.asp?id=635211

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Extorre Gold Mines Limited (TSX:XG.TO - News) (NYSE Amex:XG - News) (FRANKFURT:E1R.F - News) ("Extorre" or the "Company) wishes to provide its insight on the proposed acquisition by the Argentine Federal Government of 51% of the Argentine oil company, Yacimientos Petroliferos Fiscales (YPF), from Spanish Oil Company Repsol.

It is important to note that there are significant differences in regulations, tradition, public importance and internal use of products between the oil & gas sector and the mining industry in Argentina. Public policy in one sector is not connected with the other.

Furthermore, the Argentinean Government initiative currently under discussion before Congress has been enacted only in connection with YPF which has a long Argentinean history. Extorre notes that YPF was State owned from its inception in the early 1920's until the late 1990's, when it was privatized and a majority stake sold to Repsol. The current re-nationalization process of YPF has not been extended to other oil & gas companies operating in Argentina.

There is no reported agenda in the popular press or, to Extorre's knowledge, to extend the nationalization process to any other company in the oil and gas sector in Argentina or to any other sector of the economy. Additionally, recently, several mining Provinces have joined an alliance in support of mining with the acknowledgment of the Argentinean Government and none of the objectives of that alliance relate to any action or policy similar to the one taken in connection with YPF. The mining sector has also received explicit public support from the Provinces and the Federal Government.

Several other mining companies operating in Argentina have publicly commented on this situation in terms similar to Extorre's view.

Very recent discussions with potential financiers to provide capital for the potential development of Cerro Moro have indicated that the YPF action has not materially affected the finance ability of the project.

[JimLahey]

Yale Simpson PEA-3 Video Update


Co-Chairmain Yale Simpson did an in-depth video update on the PEA-3 for Cerro Moro:

Watch Here

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http://finance.yahoo.com/news/extorre-announces-results-cerro-moro-141000200.html

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John Hayes, BMO Capital Markets (3/5/12) "Extorre Gold Mines Ltd.'s results from 15 intercepts in 15 reported infill and extensional drill holes drilled at Zoe returned weighted average grades of 15.3 g/t gold and 1,438 g/t silver over an average intercept (true width) of ~1.50m; the high-grade results are largely typical of previous drill results from Zoe. . .the exploration results showed some interesting intercepts that require follow-up to determine their significance."

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[JimLahey]

New Presentation

Feels a bit like I'm the only one here, however I'll share this anyways:

XG Pres & CEO did an updated powerpoint presentation video: worth a watch imo.

Watch here

[JimLahey]

New XG Specific Video

Hey everyone, there's a second video from XG from the SF Hard Asset Conference, only this one is XG specific- Marina Trasolini VP Corp Development gives a brief update (only about 1 minute) on Zoe and the upcoming PFS
Watch Video Here

Enjoy!

JL

[JimLahey]

Extorre VP Rob Grey on Industry Watch

Rob Grey (investor relations) was on Industry Watch with Al Korelin at the San Francisco Hard Asset Conference. Starts out talking about Exeter but ends up talking about Extorre and what the next steps are.
Watch Here

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The Gold Report Interview with Thom Calandra (11/16/11) "What Co-chairman Yale Simpson has done with Extorre Gold Mines Ltd., a spin-off from Exeter Resource Corp., in Argentina, in terms of discovery holes with tremendous grades and lengthy intercepts, is unreal, too. But very real. I don't own it but I value the Extorre team and its commitment to develop a mine down there."

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Tim Lee, Northland Capital Partners (10/31/11) "Gold Canyon Resources Inc. intersected 106m grading 3.36 g/t in the Portage zone at its Springpole project, which also included an intercept of 28m grading 10.1 g/t. The hole indicates potential for a higher-grade core zone and other infill holes a few hundred meters away have also returned high-grade assays."

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http://af.reuters.com/article/energyOilNews/idAFN1E79P0HX20111026

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MD1362 15.17 22.87 7.70 10.1 3,285 75.8

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The Gold Report Interview with Louis James (10/7/11) "A great example of how volatility can create opportunity and profits is Extorre Gold Mines Ltd., the spinout from Exeter Resource Corp., operating mostly in Santa Cruz, Argentina. I have been there and looked at the main asset. I have no doubt the flagship Cerro Moro project is going to be a highly profitable mine. Extorre had good exploration success there and has started getting very positive results from a second project. Based on this work, Extorre went from CAD$2 to CAD$14, so naturally we took profits along the way. . .Now, with no bad news from the company, the market correction has the stock down to CAD$7. We know more about its assets now than we did when the shares were higher, but it's selling cheaper, so it's a better value now. We don't know when things will go up and down, we just know they will. We know when they are cheap it is a good time to buy; when they are expensive, it's a good time to take profits."

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TOP PICK 5.150 Dennis Da Silva Unique high-grade gold mine in Argentina moving towards development. One of the future multi-million ounce high grade deposit stories

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Michael Gray, Macquarie Capital Markets (9/14/11) "Extorre has reported significant drill results for 16 holes from its 95%-controlled, permitted Cerro Moro high-grade Au-Ag project in Santa Cruz province, Argentina. Results were from the high-grade Zoe vein for which drilling required to document a 43-101 resource has now been completed. A revised resource estimate is expected to be released in October 2011 and include contributions from new discoveries at the Zoe, Martina, Carla and Esperanza-Nin vein zones."

David West, Salman Partners (9/13/11) "Extorre Gold Mines Limited reported the completion of drilling for its upcoming Cerro Moro project resource estimate update. . .the revised resource estimate is expected to incorporate the discoveries at the Martina, Carla, Esperanza-Nini and Zoe zones. . .Although Cerro Moro currently hosts a modest 1.3 Moz. gold-equivalent resource, with the original resource expected from Zoe, we expect this level to increase nicely in the October resource update. With the number of targets still untouched at the project and the potential for more exploration success, we would not be surprised to see Cerro Moro double its resource size over the coming few years."

Imaru Casanova, McNicoll Lewis & Vlak (9/12/11) "Extorre Gold Mines Ltd. announced additional results from drilling of the recently discovered Zoe zone at the company's Cerro Moro project in Argentina; Extorre indicated that it has completed all the drilling required for an updated NI 43-101 compliant resource estimate. . .the Zoe results reported indicate average grades significantly above the 7.3 g/t gold and 380 g/t silver that we assume in our current Cerro Moro discounted cash flow valuation. We. . .expect further definition of additional higher-grade resources will enhance Cerro Morro's resource base and will have a positive impact on our valuation; we maintain our Buy rating."

Andrew Kaip, BMO Capital Markets (9/12/11) "Ongoing infill and extensional drill results from the Zoe vein at Extorre Gold Mines' high-grade Cerro Moro gold-silver project in Argentina continue to return narrow high-grade mineralization. . .results from 18 intercepts in 16 drill holes returned weighted average grades of 5.8 g/t gold and 359 g/t silver over an average intercept of 2.2m; these results included several bonanza-grade intercepts over narrow widths."

Morning Coffee (9/12/11) "Extorre Gold Mines Ltd. released additional drill results from Zoe zone at the Cerro Morro project in Argentina, where five drill rigs remain active. . .the company suggests only a small number (20 of 109) holes have tested the central high grade zone at Zoe and that the highest grade portion of the system could remain open at depth. . .a new Cerro Morro resource estimate is expected to be released in October 2011 and include contributions from recent discoveries at the Zoe, Martina, Carla and Esperanza-Nini zones."

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"Extorre has reported significant drill results for 16 holes from its 95%-controlled, permitted Cerro Moro high-grade Au-Ag project in Santa Cruz province, Argentina. Results were from the high-grade Zoe vein for which drilling required to document a 43-101 resource has now been completed. A revised resource estimate is expected to be released in October 2011 and include contributions from new discoveries at the Zoe, Martina, Carla and Esperanza-Nin vein zones."

[JimLahey]

XG VP Mining 101 Video

Marina Trasolini explains what Gold Equivalent is in this Mining 101 Episode.

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Morning Coffee (6/1/11) "Extorre Gold Mines perked investors' attention with additional high-grade gold-silver results from drilling at the Zoe discovery at Cerro Moro in Argentina; the company released additional results from the next 9 of 34 diamond drill holes (8 still pending) completed to date on the new Zoe discovery at Cerro Moro (95%), Santa Cruz Province, Argentina. Canaccord Genuity Mining Analyst Wendell Zerb continues to believe Zoe represents a new, very significant high-grade Ag/Au zone at Cerro Moro that could have important economic considerations for XG moving forward. . .new drilling results continue to define high to bonanza gold-silver grades over ~480m strike length (was 350m) and a vertical depth up to 240m within a larger 1.4 km targeted structure."

Imaru Casanova, McNicoll Lewis & Vlak (6/1/11) "Extorre announced a significant silver-gold discovery, named the Renaldo Prospect, at Cerro Puntudo. . . We raising our price target on Extorre shares following the release of additional positive drilling results from the Zoe discovery. The announcement this morning of the new silver-gold discovery at the company's Puntudo project highlights the significant exploration potential of Extorre's assets. . .The Cerro Puntudo discovery supports our expectations of continued exploration success for Extorre and the value that we assign to exploration in our valuation. "

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Imaru Casanova, McNicoll Lewis & Vlak (5/31/11) "The latest assay results [from Extorre's Cerro Moro project] continue to show high gold and silver grades. Significant assay results from the 9 holes reported include: 8.4 g/t gold and 1,332 g/t silver over a width of 8m in hole MD1220; 36.3 g/t gold and 1,858 g/t silver over a width of 2m in hole MD1234 and 37 g/t gold and 1,924 g/t silver over a width of 2m in hole MD1253. . .The Zoe drill results continue to show grades that are significantly higher than our current life of mine assumption. . .We incorporate the potential of these higher grade results via a nominal value to exploration, but expect further definition of additional higher-grade resources will have a significant positive impact on our valuation of Extorre."

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Morning Coffee (5/25/11) "Extorre Gold Mines Soaring into Double Digits: Since the beginning of March, XG shares have more or less headed straight up and have now doubled in less than three months. Last week, Extorre announced the formal approval of the Cerro Moro EIA by Argentina's Santa Cruz provincial government; management highlighted that this approval, together with the receipt of the project PFS expected in June 2011, will enable Extorre to proceed with advanced engineering and mine development."

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Daniel Earle, TD Newcrest (5/18/11) "Pre-market Tuesday, Extorre Gold Mines announced the successful permitting of its flagship Cerro Moro project with the formal approval of the EIA and that it had purchased surface rights covering 14,000 ha over the principal vein zones. The potential for expansion is something we have highlighted previously, as the Zoe results have been among the best we have seen from Cerro Moro to date, and the zone appears to be taking on dimensions that are similar to the Escondida Far West zone that hosts the bulk of the high-/bonanza-grade resources on the property."

[JimLahey]

XG Co-Chairman Yale Simpson does educational video:

Yale Simpson defines what a vein is and how it is formed.

[JimLahey]

XG co-chair Yale Simpson did video update at NYC Hard Asset Conference.

Video is definitely worth a watch and can be seen here:

http://www.youtube.com/user/EvenKeelMedia#p/u/3/jx0podYBs-w

[SilverEagle]

up 20% with huge volume!

[stocky101]

Looking Great Today, Breakout in the works......