Exeter Resource Corp (NYSEMKT: XRA) is a Canadian mineral exploration and development company focused on gold and silver projects in Western Mexico. The company’s primary objective is to acquire, explore and advance high‐potential mineral properties through systematic drilling programs, geological modelling and community engagement. Exeter’s strategy emphasizes value creation by targeting underexplored districts with robust infrastructure and established mining jurisdictions.
The flagship Terronera project, located in the state of Jalisco, hosts a high‐grade gold‐silver epithermal system and is the company’s most advanced asset. Terronera has been the focus of multiple exploration campaigns, including reverse circulation and core drilling, which have outlined several mineralized zones with the potential for resource definition. Exeter continues to refine its understanding of the project’s structural controls and alteration footprint.
In addition to Terronera, Exeter holds the Banderas oxide gold project in the state of Nayarit and the Salinas silver‐gold deposit in Oaxaca. Banderas features near‐surface oxide mineralization amenable to heap leach extraction, while Salinas exhibits multiple vein structures with silver and gold values. Both projects benefit from year‐round access and proximity to local mining infrastructure, supporting efficient exploration and potential future development.
Founded in 1979 and headquartered in Vancouver, British Columbia, Exeter is managed by a team with decades of experience in mineral exploration, project development and corporate finance. The company maintains a disciplined approach to capital allocation and stakeholder relations, aiming to advance its Mexican assets toward resource definition and, ultimately, production partnerships.
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