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International Enexco Ltd. (CVE:IEC) reports an update on its production intentions for its Contact copper project, Nevada and the appointment of Dr. William Willoughby, P.E., as COO.
International Enexco Ltd. (TSXV:IEC) reports an update on its production intentions for its Contact copper project, Nevada and the appointment of Dr. William Willoughby, P.E., as COO.
The press release is quoted as saying:
Last year, International Enexco significantly increased the overall size and the economic potential of the Contact Project, where the copper resources stand at 298 million pounds Measured and 413 million pounds Indicated (135 million tons at 0.263% Cu), along with an Inferred Resource of 291 million pounds (53 million tons at 0.27% Cu). Within this overall resource, a minable Mineral Reserve of 54.1 million tons of 0.293% Cu was calculated as per an updated 2010 Prefeasibility Study.
International Enexco’s President and CEO, Mr. Arnold Armstrong says:
“The Company’s emphasis going forward is to advance the Contact Project to production in a timely manner and to further grow through strategic acquisition.” He added, “Our Mann Lake Uranium Project also remains a priority.”
Click here to access the entire news release.