Exeter Reports on Drilling at Angeles-Expands Potential of Mineralized Structure

Exeter Reports on Drilling at Angeles-Expands Potential of Mineralized Structure 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/08/13 -- Exeter
Resource Corp ("Exeter" or "the Company") (TSX:XRC)(NYSE
MKT:XRA)(NYSE Amex:XRA)(FRANKFURT:EXB) is pleased to announce
additional results from the Company's initial exploration drilling
campaign at the Angeles property in northern Sonora state, Mexico. 
Since drilling commenced in April, 8 holes have been completed at the
La Bonanza zone and 4 at the La Verde zone, 1.1 km to the west of La
Bonanza. Recent drill results from La Verde are encouraging, adding
additional evidence that the gold/silver/base metal system continues
on trend between La Bonanza and La Verde at depth. Surface
mineralization at Angeles on the main structure has been identified
over a total of 3.0 km of strike length.  
Subsequent to previously released drilling at La Bonanza zone, one
additional hole, AD13-08, was completed, down dip from holes AD13-03
and AD13-07 (see news release dated May 23, 2013). Highlights of
assay results from this hole include:  
Hole AD13-08  

                   Interval    Au     Ag                             % Pb-Zn
From           To  (meters)    g/t    g/t  AuEq1   Cu%   Pb%   Zn%  Combined
241.30     244.50      3.20    3.1     15    3.4  0.09  0.20  0.03      0.22
242.00     243.80      1.80    5.4     18    5.8  0.12  0.28  0.04      0.31

Higher silver values and moderately lower gold and base metal values
in the Angeles structure at La Verde, suggests drilling to date at La
Verde is within an area of different metal zoning than that
encountered in drilling at La Bonanza. Studies designed to vector to
higher grade gold zones within the system, are ongoing. Drill hole
assay results within the main mineralized structure at La Verde
Hole LV-02  

                    Interval    Au     Ag                            % Pb-Zn
From            To  (meters)   g/t    g/t  AuEq1   Cu%   Pb%   Zn%  Combined
114.50      118.80      4.30   0.5     84    2.2  0.45  3.64  0.28      3.92
114.50      117.20      2.70   0.8    116    3.1  0.25  2.79  0.26      3.05

Hole LV-04  

                   Interval   Au    Ag                               % Pb-Zn
From           To  (meters)  g/t   g/t  AuEq1    Cu%    Pb%    Zn%  Combined
108.80     111.30      2.50  0.7    94    2.5   0.47   0.12   0.16      0.28
108.80     110.00      1.20  1.1   120    3.5   0.53   0.16   0.18      0.34

Drill hole locations can be viewed on a plan map by clicking here. 
Drill hole locations can be viewed on a long section by clicking
A complete list of drill hole intercepts can be found by clicking
Drilling recently recommenced at the La Bonanza zone. Additional
drilling is designed to test the Angeles mineralized system on 150 m
to 200 m step outs along strike (east and west) from previous
The current program, which is about 70% complete, is part of Exeter's
$1 million committed exploration program at Angeles. The program is
largely related to a planned 2,500 m of drilling at the La Bonanza
and La Verde target areas, pursuant to an agreement whereby Exeter
can earn up to 70% in the Angeles property. For agreement details see
Exeter's news release dated March 4, 2013. 
1. A silver to gold ratio of 50:1 was used for gold equivalent
("AuEq") calculations. Metallurgical recoveries and net smelter
returns are assumed to be 100% for these calculations. 
2. Drill intervals reported are down hole intercepts. True widths are
yet to be determined but are interpreted to range between 75-100%. 
3. San Marco Resources is the project operator until Exeter earns an
initial 51% interest. 
4. Copper, lead and zinc values are not included in AuEq
5. Drill core recovery of the announced mineralized zones is
generally greater than 90%, unless otherwise noted.  
6. Drilling is proceeding with HQ drill core unless otherwise noted. 
7. Assay intervals were selected using visuals of geology and
mineralization, therefore no cut-off grade was used. 
8. Drill hole LV-03 did not intersect significant mineralization.  
Quality Control and Assurance 
Blanks and certified standards were inserted into the sample stream
as part of San Marco's quality assurance and control program, which
complies with National Instrument 43-101 requirements. Core samples
are split using a hydraulic splitter, with one half retained in
secure storage for logging, and the other half sent to ALS Chemex Lab
in Hermosillo, Sonora, Mexico. All samples are prepared using the
PREP -31 method. 125 gram pulps are sent to ALS Chemex Lab. in
Vancouver, B.C. A 30 gram split is analyzed for gold, using the
Au-AA23 method. Sample results greater than 10 ppm are re-assayed,
using AA23 fire assay and gravimetric finish. For silver, copper,
lead and zinc, a multi-element, four acid digestion (ME - ICP 61 is
used. For initial assays of silver greater than 100 ppm, copper, lead
and zinc greater than 10,000 ppm (over limits), the OG62 method is
used for re-analysis. 
Matthew Williams, Exeter's Exploration Manager and a "qualified
person" ("QP") within the definition of that term in National
Instrument 43-101, Standards of Disclosure for Mineral Projects, has
verified the technical information that forms the basis for this news
About Exeter 
Exeter is a Canadian mineral exploration and development company. Its
principal focus is the advancement of its 100% owned Caspiche
gold-copper project in Chile. Caspiche is one of the largest
undeveloped gold-copper deposits in the America's and is situated in
the Maricunga gold district, between the Maricunga mine (Kinross Gold
Corp.) and the Cerro Casale gold-copper deposit (Barrick Gold Corp.
and Kinross Gold Corp.). The Company continues to evaluate new
opportunities related to the advancement of Caspiche, and new
industry wide opportunities with the objective of securing
properties, which offer near term discovery potential.  
Exeter has completed pre-feasibility studies that demonstrate the
potential for commercializing Caspiche. The Company currently has
cash reserves of CAD$45 million and no debt. 
You are invited to visit the Exeter web site at
Wendell Zerb, P. Geol 
President and CEO 
Safe Harbour Statement - This news release contains "forward-looking
information" and "forward-looking statements" (together, the
"forward-looking statements") within the meaning of applicable
securities laws and the United States Private Securities Litigation
Reform Act of 1995, including in relation to the Company's belief as
to the extent and timing of its drilling programs, various studies
including pre-feasibility studies, engineering, environmental,
infrastructure and other studies, and exploration results, budgets
for its exploration programs, the potential tonnage, grades and
content of deposits, timing, establishment and extent of resources
estimates, potential for financing its activities, potential
production from and viability of its properties, availability of
water, power, surface rights and other resources, permitting
submission and timing, potential to acquire new projects and expected
cash reserves. These forward-looking statements are made as of the
date of this news release. Readers are cautioned not to place undue
reliance on forward-looking statements, as there can be no assurance
that the future circumstances, outcomes or results anticipated in or
implied by such forward-looking statements will occur or that plans,
intentions or expectations upon which the forward-looking statements
are based will occur. While the Company has based these
forward-looking statements on its expectations about future events as
at the date that such statements were prepared, the statements are
not a guarantee that such future events will occur and are subject to
risks, uncertainties, assumptions and other factors which could cause
events or outcomes to differ materially from those expressed or
implied by such forward-looking statements. Such factors and
assumptions include, among others, the effects of general economic
conditions, the price of gold, silver and copper, changing foreign
exchange rates and actions by government authorities, uncertainties
associated with negotiations and misjudgments in the course of
preparing forward-looking information. In addition, there are known
and unknown risk factors which could cause the Company's actual
results, performance or achievements to differ materially from any
future results, performance or achievements expressed or implied by
the forward-looking statements.  
Known risk factors include risks associated with project development;
including risks associated with the failure to satisfy the
requirements of the Company's agreement with Anglo American on its
Caspiche project which could result in loss of title; the need for
additional financing; operational risks associated with mining and
mineral processing; fluctuations in metal prices; title matters;
uncertainties and risks related to carrying on business in foreign
countries; environmental liability claims and insurance; reliance on
key personnel; the potential for conflicts of interest among certain
officers, directors or promoters of the Company with certain other
projects; the absence of dividends; currency fluctuations;
competition; dilution; the volatility of the Company's common share
price and volume; tax consequences to U.S. investors; and other risks
and uncertainties, including those described in the Company's Annual
Information Form for the financial year ended December 31, 2012 dated
April 1, 2013 filed with the Canadian Securities Administrators and
available at www.sedar.com. Although the Company has attempted to
identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or
results not to be as anticipated, estimated or intended. There can be
no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements. The
Company is under no obligation to update or alter any forward-looking
statements except as required under applicable securities laws. 
Cautionary Note to United States Investors - The information
contained herein and incorporated by reference herein has been
prepared in accordance with the requirements of Canadian securities
laws, which differ from the requirements of United States securities
laws. In particular, the term "resource" does not equate to the term
"reserve". The Securities Exchange Commission's (the "SEC")
disclosure standards normally do not permit the inclusion of
information concerning "measured mineral resources", "indicated
mineral resources" or "inferred mineral resources" or other
descriptions of the amount of mineralization in mineral deposits that
do not constitute "reserves" by U.S. standards, unless such
information is required to be disclosed by the law of the Company's
jurisdiction of incorporation or of a jurisdiction in which its
securities are traded. U.S. investors should also understand that
"inferred mineral resources" have a great amount of uncertainty as to
their existence and great uncertainty as to their economic and legal
feasibility. Disclosure of "contained ounces" is permitted disclosure
under Canadian regulations; however, the SEC normally only permits
issuers to report mineralization that does not constitute "reserves"
by SEC standards as in place tonnage and grade without reference to
unit measures.  
Exeter Resource Corporation
W. Zerb
604.688.9592  or Toll-free: 1.888.688.9592
604.688.9532 (FAX)
Exeter Resource Corporation
Rob Grey
VP Corporate Communications
604.688.9592  or Toll-free: 1.888.688.9592
604.688.9532 (FAX)
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