EXC exterra resources limited

News: Exterra Resources shares rise on gold assay anticipation

  1. Exterra Resources (ASX:EXC) shares have jumped to $0.025, from $0.016, following the completion of drilling which intersected visible gold in numerous holes at its Linden gold project in Western Australia.

    The program consisted of 24 holes for 1,545 metres over 7 targets throughout the Linden project area.

    Notably, a number of holes reported significant quartz veining and sulphides, and panning of drill cuttings has indicated the presence of visible gold at a number of locations.

    In addition, the Linden Project hosts the Second Fortune underground mine which is currently the subject of a Pre-Feasibility Study into commencing mine development during 2014.

    Results from the PFS are due shortly.

    Exterra is modestly valued at $4.5 million and holds around $600,000 in cash.



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Currently unlisted public company.

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