Sign up Australia
Proactive Investors - Run By Investors For Investors

Exterra Resources outlines multi-commodity potential at Grass Flat

The Grass Flats project was recently acquired by Exterra.
Exterra Resources outlines multi-commodity potential at Grass Flat
Exterra is in the process of developing the Second Fortune gold mine

Exterra Resources (ASX:EXC) has identified gold, iron ore and base metal potential at its recently acquired Grass Flat Project located in the central goldfields of Western Australia.

A review of historical exploration has identified potential for near surface high-grade gold deposits as well as large low-grade pitable gold deposits.

Furthermore, the review identified both iron ore prospectivity and volcanogenic massive sulphide (VMS) base metal targets.

Historical assays include gold intersections of 14 metres at 12.2 g/t gold from 56 metres and iron ore intersections of 34 metres at 59.4% iron from 0 metres.

Exterra will systematically evaluate all of these prospects to prioritise exploration for the 2017 field season.

John Davis, executive chairman, commented: “Strategies are being developed with respect to which of the prospective commodities receive early exploration funding during the 2017 field season.”

Exterra shares have more than doubled over the past 12 months, currently trading at $0.044.

View full EXC profile

Exterra Resources Timeline

Related Articles

Durango-Mexico_341653727.jpg
January 24 2017
A great way for any junior explorer to feature on the investment map is to work with other established names. That’s a strategy that continues to serve gold and silver explorer Orex Minerals well
Intermin Resources: Access latest PPT from Proactive's CEO Sessions
April 13 2017
Jon Price talked funding drilling program in world-class region with investors.
Signpost for Nevada
March 02 2017
The focus recently has been on mining hotspot Nevada, USA, where Sunrise has two industrial minerals projects

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use