South American jumping jack. Shares of Exeter jumped again yesterday after the company reported infill drilling results from the Escondida vein at its 95%-owned Cerro Moro project in Argentina. Highlights included 2.36m grading 185.4 g/t AuEq and 2.29m grading 216.1 g/t AuEq. The Escondida vein at Cerro Moro currently hosts about 518,000 oz AuEq (grading 21.0 g/t Au and 878 g/t Ag) of the 646,000 oz AuEq total inferred resources at the project. The Cerro Moro area is host to multiple high grade Au/Ag vein sets many of which remain largely untested. Assays from 50 infill holes at Escondida are pending. Initial drilling of the potential northwest extension of the Escondida vein on the Fomicruz JV property (80% XRC) did not intersect significant Au/Ag mineralization. Exploration in this area is ongoing with one RC rig. Shares of Exeter also jumped last week following the company's release of an updated National Instrument 43-101 compliant inferred mineral resource estimate for its Caspiche Project in Chile, which was headlined by 19.6 million ounces of gold and 4.8 billion pounds of copper. Canaccord Adams Senior Mining Analyst Wendell Zerb believes Caspiche represents one of the largest Au-Cu-Ag assets discovered in the last decade and its significance should draw the attention of numerous interested parties.