Exeter Resources

In early November 2009, Exeter reported the best result to date is from hole MD666, sited 20 metres ("m") (65.6 feet ("ft")) from the boundary of the Fomicruz joint venture property. In that hole a 2.43 m (7.97 ft) interval, from a down hole depth of 254.15 m (833.8 ft), assayed 13.3 grams/tonne ("g/t") (0.39 ounce / short ton ("oz/t")) gold and 699 g/t (20.27 oz/t) silver for a gold equivalent grade* of 25 g/t (0.73 oz/t). The interval included 0.40 m (1.31 ft) assaying 56.6 g/t (1.64 oz/t) gold and 2,473 g/t (71.72 oz/t) silver (gold equivalent 98 g/t (2.84 oz/t)).

Exeter plans to undertake spin-out transaction to create two independent companies

RESTRUCTURING TO UNLOCK THE VALUE OF THE HIGH GRADE CERRO MORO GOLD-SILVER PROJECT IN ARGENTINA

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Exeter Resources
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XRC
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TSX
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Metals & Minerals
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