Exeter Resource Corporation T.XRC

Hole 20 the Bonus Round

[ez33]

...........

Diamond Hole	OXIDE GOLD MINERALIZATION					GOLD-COPPER MINERALIZATION
	From	To	Width	Gold	Copper	From	To	Width	Gold	Copper
	(m)	(m)	(m)	(g/t)	(%)	(m)	(m)	(m)	(g/t)	(%)
CSD-014	0	148	148	0.57	0.02	148	740.7	592.7	0.44	0.25
CSD-015	58	114	56	0.35	0.02	114	1001.4	887.4	0.62	0.27
CSD-016	73	165	92	0.41	0.01	165	791.8	626.8	1.08	0.43
CSD-024	0	209	209	0.29	0.02	209	766.3	557.3	0.36	0.15
CSD-025	44	212	168	0.64	0.01	212	336.05*	124.1	1.17	0.36
CSD-026	68	135	67	0.19	0.01	135	208.95*	74.0	0.32	0.13
RC Hole
CSR-013	40	214	174	0.88	0.01	214	344	130.0	0.87	0.22
CSR-019	32	154	122	0.30	0.00	154	240	86.0	0.20	0.08
CSR-020	6	126	120	1.16	0.01	126	250	124.0	0.45	0.08
CSR-021	10	152	142	0.31	0.01	Not tested
CSR-022	22	150	128	0.86	0.01	150	231	81.0	0.57	0.16
CSR-023	4	104	100	0.66	0.10	104	264	160.0	0.64	0.27

• 
  

Figure 3: Exeter Caspiche Central Drill Holes.

Its far to early in the game to post any of my back of the envelope calculations as to the potential size of caspiche. But out of the corner of my eye hole csr 20 is indicating a significant intercept of excellent grade oxidized mineralization. Hole 26 scissored back and past hole csr 20 has pretty much ruled out the possibility of an economic sulphide bearing system at least as far as the depth drilled goes. Yet the 400 feet or so 1.16 grams a tonne established in hole 20 is indicative of the potential for significant quantities of gold lying outside the block models I have been preparing for guesstimating the tonnage contained within the central core of the caspiche gold zone.... Why the company has not drilled some cross cuts across the central core of the deposit is inexplicable. The near surface area in and around drill hole 20 provides an excellent possibility of significantly adding to the final reserve estimates. They sure as heck can make up for any gaps in the continuity of the orebody within the central portion of the deposit....

RECOMMENDATION

No Recommendation