Exeter Resource Corporation Announces Filing of Annual Report on Form 20-F
May 04 2016 - 4:26PM
Exeter Resource Corporation (NYSE-MKT:XRA, TSX:XRC,
Frankfurt:EXB – “Exeter” or the “Company”) announces that
it has filed its 2015 Annual Report on Form 20-F with the U.S.
Securities and Exchange Commission (the "SEC"). Exeter's Form 20-F
is available on its website at www.exeterresource.com under
the heading "
Form 20-F – For fiscal year
ended December 31, 2015" and on the SEC's website at
www.sec.gov. In addition, Exeter has filed its Audited Financial
Statements and Management's Discussion and Analysis for the year
ended December 31, 2015 with Canadian regulatory authorities and
they are available on the SEDAR website at www.sedar.com and the
Company website.
Holders of Exeter’s securities may receive a
printed copy of the Company's audited financial statements, free of
charge, upon request to the Corporate Secretary at P.O. Box 41, AXA
Place, Suite 1660, 999 West Hastings Street, Vancouver, BC Canada
V6C 2W2, or calling Toll-Free: 1-888-688-9592.
If you have any questions regarding Exeter, or
would like a complete presentation forwarded to you, please
contact Mr. Rob Grey, VP Corporate Communications at
Toll-free: 1.888.688.9592 or by email at
rgrey@exeterresource.com
About Exeter
Exeter Resource Corporation is a Canadian
mineral exploration company focused on the exploration and
development of the Caspiche project in Chile. The project is
situated in the Maricunga gold district, between the Maricunga mine
(Kinross Gold Corp.) and the Cerro Casale gold deposit (Barrick
Gold Corp. and Kinross Gold Corp.). The discovery represents one of
the largest mineral discoveries made in Chile in recent years.
On December 19, 2014, Exeter announced the
filing of an Amended NI 43-101 Technical Report on the Caspiche
Project (“2014 PEA”). See the Exeter web site or Sedar for the
details regarding the 2014 PEA. The 2014 PEA was initiated with the
aim of indicating the development optionality of this world class
discovery. Potential new development options for Caspiche, include
a low capex, heap leach gold option to initiate production, and
follow on options that target the higher grade gold – copper
zone.
The Company currently has cash reserves
of C$20 million and no debt.
EXETER RESOURCE
CORPORATIONWendell Zerb, P.
GeolPresident and CEO
A. Disclaimer: The economic analysis
contained in the 2014 PEA is considered preliminary in
nature. There is no certainty that the economic forecast
outlined in the 2014 PEA will be realized. No inferred mineral
resources were used in the PEA. See Exeter’s website or Sedar for
the news release dated December 19, 2014: Amended NI 43-101
Technical Report on the Caspiche Project; Effective date: April 30,
2014. Wendell Zerb, Exeter´s President & CEO
and a “qualified person” (¨QP¨) within the definition of that term
in National Instrument 43-101, Standards of Disclosure for Mineral
Projects, has reviewed and approved the technical information in
this corporate update.
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 potential
significance of water discovered, the potential to establish new
opportunities for the advancement of Caspiche, results from
preliminary economic assessment including estimated annual
production rates, capital and production costs, water and power
requirements and metallurgical recoveries, expected taxation rates,
potential for securing water rights and adequate water and
potential approval of water extraction, potential for reduced power
costs, 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;
risks associated with metallurgical recoveries, risks associated
with operating in areas subject to drought conditions and scarcity
of available water sources, power availability and changes in
legislation affecting the use of those resources; fluctuations in
metal prices; title matters; uncertainty and risks associated with
the legal challenge to the easement secured from the Chilean
government; 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 herein and in the Company’s Annual Information Form for
the financial year ended December 31, 2015 dated March 22, 2016
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.
NEITHER THE TSX NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
NEWS RELEASE
For further information, please contact:
Wendell Zerb, CEO or
Rob Grey, VP Corporate Communications
Tel: 604.688.9592 Fax: 604.688.9532
Toll-free: 1.888.688.9592
Suite 1660, 999 West Hastings St.
Vancouver, BC Canada V6C 2W2
exeter@exeterresource.com