Industry Watch: Al Talks with Yale Simpson about Extorre

By al korelin / July 06, 2010 / www.youtube.com / Article Link


Nationally syndicated radio show personality Al Korelin from the Korelin Economics Report hosts Industry Watch. In this Episode, Al's guest is Mr. Yale Simpson, Co-Chairman of Extorre Gold Mines Limited. Al and Yale talk about the recently release drill results and future plans for the high-grade gold/silver Cerro Moro project in Argentina. The guys also talk about other targets held by Extorre that have not yet fully been explored.Extorre Gold Mines Limited is a Canadian public company listed on the Toronto Stock Exchange (TSX) under the symbol XG and the OTCQX in the United States under the symbol EXGMF. The Company intends to file a registration statement with the Securities and Exchange Commission and seek listing on the NYSE-Amex. Extorre is a spin-out from Exeter Resource Corporation ("Exeter"), a transaction that facilitated taking the high grade Cerro Moro Project to a mine development decision in 2010. Dr. Eric Roth is the new Chief Executive Officer and President.Cerro Moro: Extorre's Flagship ProjectOn April 19, 2010, Extorre announced an updated National Instrument 43-101 compliant mineral resource estimate for Cerro Moro:Indicated: 357,000 Oz. Gold + 15.3 Million Oz. Silver (612,000 Oz. Gold Equivalent*)Inferred: 190,000 Oz. Gold + 12.0 Million Oz. Silver (390,000 Oz. Gold Equivalent*)The 612,000 ounce gold equivalent* indicated resource, entirely from the Escondida vein, has an average grade of 32.3 g/t gold equivalent*, a grade considered exceptional by industry standards. The silver contribution is high, accounting for over 40% of the metal value. Additional inferred resources of 390,000 ounces gold equivalent* are also reported from the Escondida, Loma Escondida, Gabriela, Esperanza, and Deborah veins. This inferred resource contains new material not previously estimated.For more information about Exeter Resource Corp. please visit: http://www.extorre.comTo learn more about the Korelin Economics Report visit http://kereport.comTo learn more about Industry Watch with Al Korelin visit http://evenkeelmedia.com

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