International Enexco Copper Drilling
The Canadian based International Enexco (TSX Venture: IEC) has started a 5,000 metre phase one drilling program on their recently optioned Boston Claims project with an expectation to find copper, gold and silver skarn mineralization. The project is located in Elko County, Nevada.
The recently optioned Boston Claims are located approximately 14 kilometers east of the Contact Copper Project on the east flank of Middlestack Mountain. The property consists of 1 patented claim, 10 unpatented claims optioned from the property owners, and a block of unpatented claims staked by Enexco earlier this year. Earlier this year an exclusive option was granted to Enexco for a period of up to three years to acquire a 100% interest in the Property by making cash payments to the Optionor and incurring expenditures upon the Property. The Optionor retains a net smelter returns royalty of 2% on the Property.
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Mon, Sep 29, 2008
Post by Mike Rodger, Copper Reporter