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March 11, 2013
06:30 EDTXRAExeter Resource provides update on water exploration drilling at Caspiche
Exeter Resource provides an update on the on-going water drilling program 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 granted to the Company with two others under application. Exeter has completed its first water exploration drill hole testing a potential aquifer located within the Cuenca One tenement. Water has been encountered in drilling and preliminary air lift tests have been conducted to establish initial determinations on the characteristics and significance of the water encountered. Exeter is encouraged by the preliminary results and is proceeding with a second exploration drill hole, located approximately 1,000 metres northwest of CWH-02. The objective of Exeter's water exploration program is to identify, evaluate, and secure water sources to support the initial heap leach gold stage and the follow-on gold - copper sulphide stage of a potential mine development at Caspiche.
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