International Enexco Announces Further Drilling Results from the Contact Copper Project in Nevada
• 0,21% Cu via 235 foot (71,6 m) in ENR-47 (East End)
• 1,50% Cu over 30 foot (9,1 m) in ENR-49 (West End)
• 0,51% Cu over 40 foot (12,2 m) in ENR-52 (West End)
• 0,57% Cu over 40 foot (12,2 m) in ENR-56 (West End)
• 40.687 foot (12.401 m) drill program completed
29.05.2012 Vancouver, Canada - International Enexco Ltd. (TSX-V: IEC; OTCQX: IEXCF; Frankfurt: IE6) (the "Company" or "Enexco") is pleased to announce additional drill results from its 100% owned Contact Copper Project located in Northeastern Elko County, Nevada, to announce. The results announced today come from 12 holes, of which 11 are in the Western End of the project and one in the East End, where the results have been announced recently. (see news release from 26, April 2012). Today's results demonstrate continued continuity of mineralization throughout the project, with the holes in the Western End adding more 250 feet (76 m) to strike length and making further extensions possible.
To date, 58 backwash wells and 21 core holes have been drilled with total 40.687 foot (12.401 m) in the ongoing drill program, which commenced 2011 in November and targeted 20.000 foot (6.100 m) as fill holes and an eastern extension of the project area into the 2010 pre - availability study of the XNUMX Contact Copper Projects as published on Sedar. The program has been extended based on the positive results and is expected to continue in May. Until completion, the company plans to update its geological model and resource base while continuing to work on the feasibility study and bring it later this year, including ongoing metallurgical and geotechnical testing, engineering design and environmental studies.
As previously reported (see 14, February, 19, March, and 26, April 2012), drilling at the East End over 3.000 feet (914 m) added strike length to the already determined copper oxide mineralization, which now extends over 7.250 feet (2.210 m) in length , Of the holes reported today, ENR-47 is at the east end of the project and intersected 235 feet (71,6 m) with 0,21% Cu. ENR-47 lies close to the already reported holes ENR-45 and ENR-46, and resulted in an equally thick zone of copper oxide mineralization (see news release from 26 April 2012: 0,20% Cu over 380 foot (115,8 m) in a continuous zone in ENR-45) 0,23, an average of 255% Cu over 77,7 foot (46 m) in three sections in ENR-XNUMX).
At the western end of the holes reported today 11, all sections yielded copper oxide mineralization. The most notable sections, such as ENR-49 located in the western end of the project boundaries of 2010 yielded an interval of 30 feet (9,1 m) with 1,50% Cu. Further west about 250 foot (76 m) yielded ENR-56 50 foot (15,2 m) with 0,57% Cu, plus additional strike length open in that direction for further expansion. Within the project boundaries of 2010, the fill hole yielded ENR-52 40 feet (12,2 m) with 0,51% Cu with another three sections in the hole with even higher copper values. Along with the holes reported further today, this shows continuity in the Western End and allows us to assume that further extensions are possible.
Map of the boreholes in the east:
Map Drill holes in the west:
About the Contact Copper Project
The Contact Copper project is a copper oxide project located in Elko County, Nevada, which will produce cathodic copper at a low cost under the proposed deployment of the SX-EW application method.
More information about the project can be found on the company's website at http://www.enexco.ca/s/contact_copper.asp and in the Pre-Feasibility Study Technical Report of October 2010 compliant with NI 43-101, as an update to the Contact Copper project announced in Elko County, Nevada as well as on Sedar.
Qualified person
William Willoughby, Ph.D., PE is the Qualified Person of the Company in accordance with the requirements of the National Instrument 43-101 and has performed and / or overseen the preparation of the scientific and technical information contained in this news release.
About International Enexco Ltd.
International Enexco Ltd is a North American exploration and development company focused on the feasibility of the Contact Copper project in Northern Nevada. The company is also tracking gold and silver exploration in Idaho and Nevada and is advancing the Mann Lake uranium project in Saskatchewan's prestigious Athabasca Basin. This project is a joint venture with Cameco as operator and Areva - two of the world's largest uranium companies.
On behalf of the Board of Directors. I am pleased to keep you informed about the development of our company.
"G. Arnold Armstrong ”
President & CEO
Further information:
Tel: + 1 604 669 8368 Fax: + 1 604 662 3231
Email: [email protected] or www.enexco.ca
2060 - 777 Hornby Street, Vancouver, BC, Canada, V6Z 1T7
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Disclaimer:
This press release may contain and present certain forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act of 1934. All statements and other statements on historical facts presented here are forward-looking statements that involve various risks and uncertainties. There is no assurance or guarantee that such statements will actually occur or be accurate and actual results or statements in the future and their results could differ materially. Important factors affect the results and change exchange rates, political risks, legislation and much more. The company's expectations are published by the Toronto Stock Exchange, British Columbia Securities Commission, and the United States Securities & Exchange, respectively.
