Exeter Resource Corporation (NYSE:XRA, AMEX:XRA,TSX:XRC) announced water drilling at its Caspiche gold-copper project in Chile has commenced.
As quoted in the press release:
The objective of the drilling program is to identify and evaluate water sources capable of meeting the needs of both the heap leach stage and the follow-on sulphide stage of a potential mine development at Caspiche. Two water exploration holes were drilled in 2012 at Cuenca One. The first hole was abandoned due to poor drilling conditions and the second was prematurely terminated at a depth of 250m within “damp gravels”, well above the targeted depth of the hole. The termination of the drilling program last year was due to the onset of winter weather conditions.