Dutton Associates Featured Company: Exeter Resource Corp. (XRA)
Exeter Resource Corporation (AMEX: XRA) is a Canadian-based mineral exploration company focused on the discovery and development of gold and silver properties in South America. The company is primarily interested in the discovery, evaluation and subsequent mining of gold and silver deposits, mainly in Argentina and Chile. Exeter Resource owns no producing properties and consequently has no operating income or cash flow from the properties they hold. Exeter's core property is the 100-percent owned Cerro Moro Gold-Silver Project, located in Santa Cruz Province, Argentina. Drilling has continued using three drill rigs. The company's first high-grade discovery on the property was…