Extorre Gold Mines Stand Number: C 32
TSX ‘XG’ and NYSE-Amex ‘XG’
3.6 million ounces gold equivalent resources (all categories)
Extorre is at the detailed engineering stage for the development of Cerro Moro, one of the highest grade undeveloped gold-silver deposits in the industry.
Cerro Moro in Santa Cruz, Argentina has an Indicated resource (November 2011) of 1.35 million ounces gold equivalent plus Inferred resources of a further 1.05 million ounces gold equivalent. The Indicated resource includes two zones with a combined 757,000 ozs. gold equivalent at an average grade of 1.1 oz./ton (35 g/t) gold equivalent. A third vein hosts 267,000 ozs. gold equivalent at an average grade of 2.3 oz./ton (79 g/t) gold equivalent.
The exceptionally high Cerro Moro grades translate to projected production costs below $250 per ounce (gold equivalent). An updated Preliminary Economic Assessment is expected in late Q1-2012.
Company Website: http://www.extorre.com/Platinum Sponsors
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