Thursday, April 22, 2010

Exeter Resource's (TSX:XRC) Extorre (TSX:XG) Exciting Investors

It hasn't taken long for Exeter Resource's (TSX:XRC) (AMEX:XRA) spin-off of what has become Extorre Gold (TSX:XG) to get investors excited, as the latest resource estimate of Extorre has them reaching over 1 million ounces as exploration continues at their Cerro Moro project.

Exeter recently spun off Extorre Gold in order to focus on their Caspiche gold/copper project in Chile, so a new management team could solely concentrate on the Argentina of Extorre's.

Exeter itself has also updated their Caspiche project and now there are over 30 million ounces of gold and gold equivalents there, along with significant copper deposits.

Caspiche is among the largest undeveloped copper-gold projects in the world.

President and CEO of Extorre, Eric Roth, said the latest update at Cerro Moro raises their "our resource objective ... to 2 million ounces gold equivalent."

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