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Exeter Resource Corporation

11:45 AM EST - Exeter Resource Corporation : provided a further update on studies in support of the potential staged development of the Caspiche gold-copper project located in the Maricunga region of Chile. Earlier studies conducted by the Company indicated the potential to recover gold from oxide ore in the upper 200 metres of the Caspiche deposit. This "Oxide Project" would represent the first stage of the potential commercial development of the very large Caspiche deposit. Exeter Resource Corporation
shares T. XRC are trading down $0.01 at $1.34.