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EXETER TO TARGET HIGH GRADE ZONES AT CERRO PUNTUDO
Exeter Resource Corp. has released its results from new drilling at the Cerro Puntudo epithermal gold-silver property in Patagonia, Argentina. Cerro Puntudo is one of a large package of gold properties under option from Cerro Vanguardia S.A., a subsidiary of AngloGold Ashanti.
New high-grade intersections in reverse-circulation drilling include holes CPRC-43 (two metres at 12.1 grams per tonne gold) and CPRC-50 (two metres at 42 grams per tonne gold). Taken together with mineralized intercepts from previous drilling, it would appear that targets for high-grade mineralization at Cerro Puntudo are located within broad zones of low-grade mineralization. In particular, high-grade gold intercepts appear to relate to southeast-plunging ore shoots within the Puntudo structural corridor. Exeter will now complete detailed structural mapping in order to better define the gold targets for further drilling.
Exeter chief executive officer, Bryce Roxburgh, commented: " Cerro Puntudo is proving, with drilling, to be a typically complex, low sulphidation epithermal system. High-grade gold targets, two to five metres wide at grades of eight grams per tonne to 40 grams per tonne gold, are now indicated at three locations. Winter conditions will prevent fieldwork until October, when field mapping of the targets can commence. In the interim, our focus will be on the La Cabeza resource expansion program."
A total of 1,719 metres, in 21 reverse-circulation drill holes, was drilled in the current program. Holes varied in depth from 36 metres to 140 metres. Significant results are shown in the table, below:
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EXETER TO TARGET HIGH GRADE ZONES AT CERRO PUNTUDO
Exeter Resource Corp. has released its results from new drilling at the Cerro Puntudo epithermal gold-silver property in Patagonia, Argentina. Cerro Puntudo is one of a large package of gold properties under option from Cerro Vanguardia S.A., a subsidiary of AngloGold Ashanti.
New high-grade intersections in reverse-circulation drilling include holes CPRC-43 (two metres at 12.1 grams per tonne gold) and CPRC-50 (two metres at 42 grams per tonne gold). Taken together with mineralized intercepts from previous drilling, it would appear that targets for high-grade mineralization at Cerro Puntudo are located within broad zones of low-grade mineralization. In particular, high-grade gold intercepts appear to relate to southeast-plunging ore shoots within the Puntudo structural corridor. Exeter will now complete detailed structural mapping in order to better define the gold targets for further drilling.
Exeter chief executive officer, Bryce Roxburgh, commented: " Cerro Puntudo is proving, with drilling, to be a typically complex, low sulphidation epithermal system. High-grade gold targets, two to five metres wide at grades of eight grams per tonne to 40 grams per tonne gold, are now indicated at three locations. Winter conditions will prevent fieldwork until October, when field mapping of the targets can commence. In the interim, our focus will be on the La Cabeza resource expansion program."
A total of 1,719 metres, in 21 reverse-circulation drill holes, was drilled in the current program. Holes varied in depth from 36 metres to 140 metres. Significant results are shown in the table, below:
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