Exeter announces current state of the exploration activities at La Buena

 

Vancouver, British Columbia, 3. December 2013 – Exeter Resource Corporation (NYSE-MKT:XRA, TSX:XRC, Frankfurt:EXB – ("Exeter" or the "Company") is pleased, about the current state of the exploration activities in the concession area La Buena in the north to report the Mexican state of Zacatecas. La Buena is a 8.500 Hectare concession area, to the 9 km to the north is the Goldcorp mine Peñasquito. Since mid-September, the first diamond drilling and a recently completed gravity measurement took place. These studies were based on earlier work, where geological, geochemical and geophysical similarities to other mineral deposits in the area were found. The results of recent exploration activities, confirm similar to the case Peñasquito and Camino Rojo which a model, have led to the discovery of other potential drill targets.

In conjunction with the first holes was also carried out a measurement of gravity, which to a Area around 25 sq. km east and south of the zone Julia concentrated. Under this measure a number of new objectives defined, where zones of low gravity on zones of high chargeability meet. In Peñasquito a similar geophysical relationship had been established and in the course of a gold-, Silver- discovered and zinc mineralization.

Further drilling is planned, the results are expected in 1. Quarter 2014 exist.

The results of the recent gravity measurements and the locations of the drill holes with Julia can be found here.

The mid-September initiated diamond drilling program (see news release dated 17. September 2013) was aimed, to examine the first destinations around the zone Julia through a series of wells. So far, two drill holes were completed, one in the central core and one in the northern area; that obtained in the course of this drilling geological data material is very promising.

Bohrloch LBD13-02, which was drilled on the northern flank of the zone Julia, intersected a broad gold, Silver- and zinc mineralization with low-grade ore grades, the in-altered rocks of the Carocol lineup (Bedrock at Peñasquito) is embedded. Well-developed stockwork, Massive sulphide veins and fracture fillings with pyrite, Sphalerit-, Galena- and minor chalcopyrite inclusions dominate the mineralization. If you compare the features of Gold-/Zinkmineralisierung and the associated alteration in hole LBD13-02 with those of other deposits in the area, it can be assumed, that this mineralization represents the edge region of a far higher mineralized zone.

Hole LBD13-01 was drilled, to test a zone of higher chargeability in the center of the zone Julia. There were anomalous gold- determined and base metal values. The anomaly with high chargeability with increased pyrite values (20 %), located mainly in Intrusivgängen and thresholds, associated.

An overview of the drill here.

Exeter hat die Option, 60 % of the shares in the concession for La Buena San Marco Resources Inc. (“San Marco” SMN: TSX-V) to acquire and is committed to, in the first year 1,4 $ To invest millions C. This investment relates to the now completed IP measurement and gravity measurement to determine geophysical data and a first drill program. San Marco is responsible for the exploration.

Exeter has San Marco informed, that the company will withdraw from the joint venture for the concession Angeles, Sonora, Mexico due to the unfavorable market situation.

Quality control and quality assurance

As part of its quality assurance- und Qualitätskontrollprogramms, meets the requirements of National Instrument 43-101 corresponds, San Marco has added to the sample stream also blanks and certified standard samples. The core samples are split hydraulically. One half is archived in a secure storage area, the other half is to the ALS Chemex laboratory in Zacatecas (Zacatecas State, Mexico) submitted. All samples are prepared using the PREP-31 method. Of Probenmaterial (Units to 125 g) were das von Labor ALS Chemex in Vancouver (British Columbia) skillfully. A gap sample of 30 g is analyzed by Au-AA23 method for gold content. All samples with a grade of about 10 ppm are a second analysis (AA23 fire assay and gravimetric completion) subjected. The silver-, Copper, Lead- and zinc values ​​are using a multi-element analysis by four acid digestion (ME – ICP 61) determined. Rehearse, within the framework of the initial analysis of silver values ​​over 100 ppm bzw. Copper, Lead- and zinc values ​​in excess of 10.000 ppm (above the threshold) show, additionally analyzed by the method OG62.

Matthew Williams, NI at Exeter as Exploration Manager and a Qualified Person in accordance with the provision 43-101 (Standards of Disclosure for Mineral Projects) responsible distinguished, has the technical foundations, which form the basis of this press release, confirmed.

About Exeter

Exeter is a Canadian company, that specializes in the exploration and development of mineral resources. The activity focus is the expansion of the gold-copper project in Chile Caspiche, on which the Company owns all rights. Caspiche is one of the largest undeveloped gold-copper deposits in the Americas, that are currently known. It is located in the Maricunga gold district, between the Maricunga Mine (Kinross Gold Corp.) and the gold-copper deposit Cerro Casale (Barrick Gold Corp. und Kinross Gold Corp.). The company will also continue to assess new opportunities under the extension of the project Caspiche.

The company currently has a cash balance of 41 Millionen CDN $ and has no debt in its entirety.

EXETER RESOURCE CORPORATION
Wendell Zerb, P. Geol
President & CEO

For more information, contact:
Wendell Zerb, CEO oder
Rob Grey, VP Corporate Communications
Such: +1 604-688-9592 Fax: +1 604-688-9532
Such: +1-888-688-9592 (toll-free)
Suite 1660, 999 West Hastings St.
Vancouver, BC Canada V6C 2W2
exeter@exeterresource.com

Safe Harbour-Erklärung: This press release contains forward-looking information and statements (collectively, "forward looking statements") within the meaning of applicable securities laws and the U.S.. Private Securities Litigation Reform Act von 1995. It also includes the Company believes the possibility of exploiting new opportunities for the expansion of Caspiche, and exploration results, the timing of exploration and drilling at La Buena, the possibility of acquiring new projects and the expected cash reserves. These forward-looking statements are made as of the date of this press release. Readers are strongly advised, not unconditionally rely on forward-looking statements. It can not be guaranteed, that the future circumstances or results, expected or implied in such forward-looking, actually occur or plans, Intentions or expectations, which are based on the forward-looking statements, will occur. While the Company statements on its expectations about future events at the time of such statements were prepared based these forward-looking, these statements are no guarantee, that such future events will occur and are subject to risks, Uncertainties, Assumptions and other factors, which may cause, that the events or results or materially from those in such forward-looking statements include market prices. implied. Such factors and assumptions include u.a. Effects of the general economic situation, Prices of Gold, Silver and copper, Changes in foreign exchange rates, Interventions by the government authorities and uncertainties in connection with negotiations or. Misjudgements in the course of preparing forward-looking statements. In addition, there are known and unknown risk factors, which may cause, the actual results, Performance or achievements of the Company to be materially different from any future described in the forward-looking statements, Performance or achievements expressed. Known risk factors include risks associated with project development, including risks related to the failure to satisfy the requirements of the Agreement between the Company and Anglo American for the Caspiche project, which could lead to a loss of possession claim, the need for additional financing, Operational risks associated with mining and processing of raw materials, Fluctuations in metal prices, Possession claims, Uncertainties and risks associated with conducting business in foreign countries, Environmental liability claims and insurance matters, Dependence on key workers, potential conflicts of interest between certain managers, Directors or promoters of the Company with respect to certain other projects, lack of dividends, Currency fluctuations, Competition, Dilution, Volatility of common share price and volume of the company, tax consequences to U.S. investors, and other risks and uncertainties, the U.A. in the annual report of the company from 1. April 2013 for by 31. December 2012 financial year ending are explained. This report was filed with the Canadian securities regulators and can be found at www.sedar.com. The company has sought to, identify important factors, which may cause, that actual events or results to differ materially from those, The forward-looking statements contained in the. It can also lead to other factors, that the events or results not as expected, estimated or intended. It can not be guaranteed, that turn out to be forward-looking statements as truthful. Actual results and future events could differ materially from such statements. Readers are therefore advised, that they should not rely on forward-looking statements without reservation. The company is not obligated, to update any forward-looking statements, unless, This is required by applicable laws.

Cautionary Note to U.S. Investors – The information contained herein and that information, incorporated herein by reference, have been prepared in accordance with the provisions of applicable Canadian securities laws, which differ from the provisions of applicable U.S. securities laws. In particular, the term "resource" with the term "reserve" to be equated. The disclosure requirements of the Securities Exchange Commission („SEC“) not usually allow, of information concerning "measured resources", "Indicated resources" and "inferred resources" or other descriptions of volumes in the mineralized deposits, which represent according to U.S. standards, has no "reserves", are given in the documents to be submitted. This is required to be, if the disclosure of such information under the laws of the country, in which the company is headquartered, or country, traded in the securities of the company, necessary. U.S. investors should also consider, that "inferred resources" are subject to great uncertainty as to their existence and their eligibility for economic and legal perspective. If a Disclosure of "contained ounces" is a publication, The Canadian is allowed under the provisions. However, the SEC only permits issuers usually, to report on mineralization, where it is not to "reserves" by SEC standards, and in the form of pro forma tonnage and grade without reference units.

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