Exeter Resource Preparing Pre-Feasability Study for January
Al Korelin chats with Rob Grey, VP Corporate Communications of Exeter Resource Corp. about the upcoming PFS at their Caspiche project in Chile. In addition, Mr. Grey is VP Investor Relations with Extorre Gold, who just added 1 million ounces to their Cerro Morro Project in Argentina.
Exeter Resource Corporation is a Canadian public company listed on the TSX and NYSE Amex exchanges. Our focus is the discovery, evaluation and development of gold deposits in the Maricunga district in Chile.
In September, 2010 the Company announced an updated NI43-101 compliant resource* on its giant gold-copper Caspiche porphyry project in the Maricunga district in northern Chile, which showed:
MEASURED AND INDICATED RESOURCES: 21.3 m. ounces of gold, 5.3 billion pounds of copper and 48.4 m. ounces of silver+
INFERRED RESOURCES: 5.1 m. ounces of gold, 1.4 billion pounds of copper and 14.5 m. ounces of silver
The new gold equivalent endowment of Caspiche using only gold and copper now stands at:
INDICATED RESOURCES: 35.9 million gold equivalent ounces +
INFERRED RESOURCES*: 9.1 million gold equivalent ounces.
The measured and indicated resource is 1316 Mt (million metric tons) at a grade of 0.50 g/t gold (grams per metric ton) and 1.14 g/t silver including 1217 Mt at a grade of 0.18% copper.
The additional inferred resource is 458 Mt at a grade of 0.35 g/t gold and 0.98 g/t silver, and includes 449 Mt at a grade of 0.15% copper.
Exeter’s 100% owned Caspiche Project in Chile (with a 3% Net Smelter Royalty to Anglo American Chile Limitada) is a gold-copper porphyry system, a type of deposit common to many of the world’s largest open pit gold-copper mines. It is located 15 kilometres (8 miles) south of Kinross Gold’s Refugio mine (+6 million ounce gold resource), and 10 kilometres (6 miles) north of the very large Cerro Casale gold-copper deposit (24 million ounce gold resource), owned by Kinross Gold (25%)and Barrick Gold (75%).
For More Info, Visit:
http://www.exeterresource.com
http://www.extorre.com
Good Morning Bentnail,
That is an interesting question, but a complicated one.
In North America with theoretically free markets that should, again theoretically, not happen.
In reality it could very well happen.
Monte, I still have to believe in the overall goodness of my fellow man and I would think that the governments would not seize private resources but work with the owners.
You know, my friend, every single day I do get more and more concerned. We live in times that have no precedent. I have to admit, that does frighten me a bit and I am much more on guard today that I have ever been in the past.
I do have a book; however, that keeps me an a very even keel and you know what that book is.
Best to you and your family,
Big Al
AL:
Question — now that Hu is rattling his sword (see link), is it not possible that various nations would begin to seize control of ALL resources should a war break out between China and the West?
http://news.yahoo.com/chinas-hu-urges-navy-prepare-combat-160509787.html