Gold junior a tantalizing takeover target?

Major milestone in commercializing Latin America's second largest undeveloped gold deposit The improbable feat of commercializing Latin America's second largest undeveloped gold deposit has achieved a major milestone validation for its unlikely owner, a small Canadian explorer named Exeter Resource. Last week, Vancouver-based Exeter (TSX: T.XRC, Stock Forum)

Stock Forum) completed an initial blueprint for a mine, known as a pre-feasibility study, that suggests a mine worth over $27 billion in future revenues is technically and economically viable. Known as the Caspiche deposit, this monster deposit is located in northern Chile's gold-rich Maricunga mineral belt, where over 100 million ounces of gold are already concentrated among a clutch of existing mines. Now the region has gained some additional luster with the announcement that Caspiche boasts 19.3 million proven and probable ounces of gold. A further 4.6 billion pounds of copper and over 41 million ounces of silver also sweetens the overall value of the deposit. This makes it one of the world's biggest gold discoveries in recent years and one of only a tiny handful of mega deposits not yet snapped-up by the world's major mining companies. Continue reading this article

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