International Enexco Sets The Drills Turning At Mann Lake, As A Pivotal Exploration Season Gets Underway
Mineral exploration is never a sure thing but Arnold Armstrong, chief executive of International Enexco, has high hopes for the C$6 million drilling campaign now being conducted by joint venture partner Cameco at the Mann Lake uranium project.
Mining investors often get caught up inthe idea that the bigger the deposit, the
better. But in an environment where risk aversion rules the day, the less lamorous
projects --- the ones with smaller resources that are presided over by a management team with a firm handle on things --- can take on a new shine. Such is the case with International E...
Michael Berry's Morning Notes on International Enexco Ltd
Yesterday, International Enexco published results from 19 drill holes on its Contact Copper project in north eastern Nevada about 60 miles south of Twin Falls, Idaho. The company intersected 69 reportable intercepts of oxide copper grading .1 to .72 percent.
International Enexco's Shares Power Ahead, As The Contact Copper Project In Nevada Looks Set To Grow Substantially
Shares in International Enexco were on the move again last week, after the company issued its latest set of drill results from the Contact Copper Project in north-eastern Nevada. Among the highlights were 45 feet at 0.92% copper, 55 feet at 0.43% copper, and 130 feet at 0.24% copper, all from an area of the project made accessible through land acquired last year as the result of a C$1 million all-share deal with Allied Nevada. That deal was finalised back on September 26, and it's no co-incidence that that was precisely the moment that the company's shares began to power strongly away from a 12-month low of C$0.26. By the beginning of this year the shares had almost doubled to C$.050, and in the wake of the recent results they are now riding high at C$0.71, not too far off a threefold increase in less than nine months.
Having some money kicking around from the old uranium boom days has its advantages.
International Enexco (iec-v) made its name as a uranium play over five years ago at the height of buzz over the radioactive metal, and the prospectiveness of its Mann Lake project in the Athabasca Basin helped it raise $13 million.
Then the market crash came...
International Enexco Targets Copper Production By 2014
International Enexco Ltd. (TSX.V:IEC) has a diverse project portfolio that includes copper, gold, silver and uranium. The company's flagship property and the main focus now, however, is the Contact Copper Project in northeastern Nevada, which management plans to have in production by 2014. The project is owned 100% by Enexco, and recently, the land...
August 1, 2011 International Enexco Adds To Its Copper Position In Nevada, But Is Biding Its Time As Far As Uranium In Saskatchewan Is Concerned
"This makes a substantial difference to the company", says Arnold Armstrong, the president and chief executive of copper and uranium specialist International Enexco. He's talking about the company's recent acquisition of a sizeable plot of ground adjacent to its Contact Copper project in Nevada. "We've been trying for three or four years to acquire...