Exeter Resource Corporation: Drilling Extends Cuello Zone Gold and Siliver Mineralization
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 27, 2006) - Exeter Resource Corporation (TSX VENTURE:XRC)(FWB:EXB) reports that five new diamond drill holes have extended the known epithermal gold mineralization within the Cuello Zone at its La Cabeza gold project, in Argentina. The drilling has now confirmed the presence of at least six mineralized sub-parallel veins in the zone.
Of particular note, results from a hole to test the easternmost veins of the Cuello Zone returned an intercept of 5 metres at a grade of 6.2 grams per tonne gold ("g/t") gold and 104 g/t silver. Separately, three holes drilled to test the westernmost Cuello veins returned intercepts of 1 metre at a grade of 30.5 g/t gold, 3.8 metres at a grade of 3.5 g/t gold, and 6 metres at a grade of 2.8 g/t gold.
Exeter's Chairman, Yale Simpson, commented: "These results support our understanding that the Cuello Zone vein system is open to the north and south, along strike and at depth. They are also consistent with our recent discovery of an extension to the Luna Zone. We now await a large batch of diamond drilling results from the Mandibula Zone, where we are following up highly-promising channel sampling results. All of these results will be reflected in a new resource estimate later this year."
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