International Enexco Announces Further Drilling Results from the Contact Copper Project, Nevada
Vancouver, Canada - April 26, 2012 - International Enexco Ltd. (TSX-V: IEC; OTCQX: IEXCF; Frankfurt: IE6) (the “Company” or “Enexco”) is pleased to receive additional drill results from drilling on the 100% owned Contact Copper Project, located in northeast Elko County, Nevada to announce. Results today are from 19 holes located between the most recent drill holes reported at the eastern end of the project (see February 14 and March 19, 2012 press releases) on the eastern limits of the discovered reserves as reported in the Company's 2010 pre-feasibility study and known at Sedar given. Today's results demonstrate continuity of mineralization between the two areas and confirm an additional strike length of over 3.000 feet (914 m) of the occurrence.
The Company's previous drilling on the Contact Copper Project has identified a zone of oxide copper mineralization that extends to the east from the 2010 dedicated reserve. The zone lies in granodiorite intrusive rocks and does not show up at the most easterly end where it is overlaid by younger volcanic rocks and colluvial sediments.
Since November 2011 began as the running program, 58 backwash wells and 17 core holes have been drilled with a total of 38.025 foot (11.590 m). The reported results today are from 15 backwash wells and 4 core holes. All 19 holes included in the reported intervals have grades above 0,10% Cu, with 69 customizable sections. The more interesting sections EN-157 include 70 feet (21,3 m) with 0,59% Cu starting at a depth of 583 feet (177,7 m) next to the 2010 reserve. EN-157 also had four more reportable sections with higher values in the holes. ENR-45, north of EN-157, includes an interval with 380 feet (115,8 m) starting with 0,20% Cu starting at a depth of 35 feet (10,7 m). EN-160, to the east of EN-157, includes 40 feet (12,2 m) starting with 0,62% Cu starting at a depth of 548 feet (167,0 m); EN-160 also included four more reportable sections higher in the hole. Northeast of EN-160, ENR-36, 50 intersected foot (15,2 m) with 0,73% Cu directly from the surface. These results, coupled with other holes reported today, demonstrate a good further progression of mineral expansion from the 2010 Reserves to the area east of the EN-149 hole as reported in the company's previous 14 press releases. February and 19. March 2012 and confirmed an additional long-range of over 3.000 foot (914 m) on the trend of mineralization.
Samples of the Contact Copper Project from the drilling program were prepared and analyzed by SGS Minerals Services of Toronto, Canada, an ISO / IEC 17025 certified laboratory. The current drill program on Contact has been increased from 20.000 foot (6.096 m) to 40.000 foot (12.192 m) earlier this year. As stated in this news release, 38.025 foot (11.590 m) of the program could be completed. Samples are still outstanding for 12 backwash and 13 core holes. It is expected that the core drilling will continue in April. Further expansion of the program and resumption of backwash drilling will be considered.
Location of the boreholes
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.
About the Contact Copper Project
The Contact Copper Project is an oxide copper project located in Elko County, Nevada. The plan is to use the SX-EW low-cost technology to produce the copper to produce cathodic copper at the mine. Additional information about the project can be found on the company's website at http://www.enexco.ca/s/contact_copper.asp and in the October 43 NI101 2010Technical Report for the Contact Copper Project, Elko County, Nevada shown on Sedar.
Qualified person
William Willoughby, Ph.D., PE is the Qualified Person for the Company under the rules of the National Instrument 43-101 and prepares or oversees the preparation and disclosure of the data of both scientific and technical information in this news release.
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
More 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
Disclaimer: This press release may contain 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.
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