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January 9, 2013
06:36 EDTXRAExeter Resource begins water exploration drilling for Caspiche project
Exeter Resource announced the commencement of water drilling for its Caspiche gold-copper project located in northern Chile. The drilling campaign is taking place at Cuenca One, one of two water exploration tenements owned by the company. The estimated cost of the drilling program is C$1.3M.
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October 7, 2014
06:08 EDTXRAExeter expands drilling program to confirm water source for Caspiche, Chile
Exeter Resource announced an expanded water drilling program at its Caspiche gold-copper project in northern Chile. The program follows the discovery of an extensive subsurface aquifer earlier this year at the company's water exploration concession north of Caspiche. The expanded 2014 water exploration program, budgeted at $1.6M, includes completing two additional large diameter water bore holes and a series of smaller diameter water monitoring holes. Down hole pump tests will be carried out, together with water level measurements to quantify water flow rates and aquifer recharge rates. Based on the one pump test carried out in Q2, it is believed that potential exists for sustainable flows of over 200 litres per second once all five holes have been tested. Such flow rates, if confirmed, should be adequate for any of the mining options recently outlined in the May 6, 2014 preliminary economic assessment for Caspiche. See Exeter News Release NR 14-03 dated May 6.

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