Tuesday, July 27, 2010

Industry Watch: Al Talks with Yale Simpson about Extorre

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 Project

On 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.com

To learn more about the Korelin Economics Report visit http://kereport.com

To learn more about Industry Watch with Al Korelin visit http://evenkeelmedia.com

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