Exeter samples 3.0 m of 16.3 g/t Au at Central vein
2006-03-15 06:41 ET - News Release
Mr. Bryce Roxburgh reports
EXETER RESOURCE CORPORATION: NEW HIGH-GRADE GOLD INTERSECTIONS EXTEND RECENT DISCOVERIES-TWO GOLD ZONES LIKELY LINKED
Exeter Resource Corp.'s resource expansion drilling continues to encounter high-grade gold mineralization, extending the strike length of recent discoveries at its La Cabeza project in Argentina. New drill intercepts from the Central vein zone include three metres (10 feet) at a grade of 16.3 grams (0.47 ounce per ton) per tonne gold, three metres (10 feet) at a grade of 11 grams per tonne gold (0.32 ounce per ton) and two metres (6.6 feet) at a grade of 15.2 grams per tonne gold (0.44 ounce per ton). The zone is situated immediately north of, and along strike from, the Cuello zone and is the site of high-grade vein intercepts announced in Stockwatch on Nov. 16, 2005.
Significantly, structural interpretation of the new data, combined with a strong gold-silver association, indicates that the Central vein zone is likely linked to the important Cuello zone, forming a single zone of gold mineralization. Exeter's exploration manager, Matt Williams, commented: "The results from drill holes LCP-198 and LCP-199 are particularly significant as they extend the zone of high-grade mineralization previously identified in drill hole LCP-188 (six metres (20 feet) at a grade of 60.5 grams per tonne (1.75 ounces per ton) gold). The vein outcrops for 300 metres (1,000 feet) and the new results indicate much stronger subsurface mineralization than is evident in outcrop directly above the drill intersections.
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