Yale Simpson, co-chairman of Extorre Gold Mines gives an exclusive presentation on the recently released PEA-3 (Preliminary Economic Assessment) for their flagship Cerro Moro project in Argentina.
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Marina Trasolini, VP Corporate Development for Extorre Gold Mines gives a brief update on Extorre's Cerro Moro project in Argentina, including the new Zoe discovery. Extorre is expecting to release a PFS in Q1 of 2012.
Cerro Moro is Extorre's flagship gold-silver property located in mining friendly Santa Cruz Province. The exploration priority is to expand the known mineral resources with an aggressive +100,000 metres drilling campaign. Six drill rigs have been operating continuously at Cerro Moro. As of November, 2011 the Company will reduce to four drill rigs, with three rigs continuing to delineate the Zoe deposit and potential extensions. The Zoe structure has been tested for 2.2 kilometres of strike with significant mineralisation delineated over a 1.1 kilometre long zone. Low grade shallow holes will be followed up with deeper holes to test for high grade mineralised zones in the interval 150-250 metres below surface.
Much of a potential 4 kilometre long easterly strike length of the Zoe structure is covered by a veneer of younger (post mineralisation) volcanic rocks that have no geochemical signature. Detailed geophysics (ground magnetic and CSAMT surveys) are being completed by Extorre in this area in order to assist with prioritising drill targets in this area of "blind" mineralization.
Marina Trasolini, VP Corporate Development for Extorre Gold Mines, explains what gold equivalent is.
From Goldfields' Glossary: Gold equivalent is Gold plus silver or another metal expressed in equivalent ounces of gold using a conversion ratio dependent on prevailing gold and silver prices
Yale Simpson, co-chairman of Extorre, explains what a vein is and how they are formed.
From Wikipedia: A vein is a distinct sheetlike body of crystallized minerals within a rock. Veins form when mineral constituents carried by an aqueous solution within the rock mass are deposited through precipitation. The hydraulic flow involved is usually due to hydrothermal circulation. Veins are classically thought of as being the result of growth of crystals on the walls of planar fractures in rocks, with the crystal growth occurring normal to the walls of the cavity, and the crystal protruding into open space. This certainly is the method for the formation of some veins. However, it is rare in geology for significant open space to remain open in large volumes of rock, especially several kilometers below the surface. Thus, there are two main mechanisms considered likely for the formation of veins: open-space filling and crack-seal growth.
New York City May 9th, 2011: Yale Simpson, Co-Chairman, gives a corporate update on Extorre Gold Mines and the progress on its properties in Argentina.
In this interview taken at the New York Hard Assets Conference, Yale gives a brief snapshot of the company before delving into a breakdown of the recent Zoe Discovery, other regional discoveries, as well as milestones for investors to watch for as the company moves towards production.
March 18th, 2011: Yale Simpson sits down with Al to discuss new drills turning at exciting properties adjacent to other recent sizable silver discoveries.
Extorre Gold Mines Limited is a Canadian public company listed on the Toronto Stock Exchange (TSX) under the symbol XG and the NYSE-AMEX under the symbol XG. The Cash position on March 13, 2011, was $40 million.
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.
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