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INTERNATIONAL ENEXCO
ANNOUNCES JOINT VENURE WITH LINCOLN GOLD CORPORATION ON ITS HANNAH GOLD
PROPERTY, CHURCHILL COUNTY,
NEVADA.
Vancouver, BC
- April 2, 2009, Arnold Armstrong, President and CEO of International Enexco Ltd. (TSXV - IEC) (the "Company" or
"Enexco" )
reported today that the Company has entered into a joint venture
agreement with Lincoln Gold Corporation on its Hannah gold property, in Churchill County, Nevada. The property consists of
23 unpatented claims on BLM land and has anomalous gold values in surface
samples and reverse circulation drill holes.
Previous drilling by
Lincoln Gold Corporation consisted of 11 reverse circulation holes
focused on a structural zone within Triassic metavolcanic
rocks, and encountered values up to 3.2 gpt Au
over 3 meters
in drilling shallow, oxidized material. Untested targets
remain along strike and elsewhere on the property. The property is
situated just west of the Jessup project of Rye Patch Gold Corp. and east
of the Fireball Ridge property of AuEx Ventures.
The agreement with
Lincoln Gold Corporation calls for Enexco to
complete a work program, to include 2400 meters of
drilling in 12 drill holes, to earn a 60% interest in the property. Enexco plans to mobilize one of its company-owned
drills to the property and commence drilling in May of this year.
ABOUT INTERNATIONAL
ENEXCO
Enexco is a Canadian based advanced
exploration company headquartered in Vancouver, B.C. In addition to its
joint venture (Enexco 30%, Cameco
Corporation 52.5%, and Areva 17.5%) to develop the high-grade Mann Lake
Uranium Project located in the Athabasca Basin, Saskatchewan the Company
also operates its 100% owned Contact Copper Property, located in N/E Nevada.
For further
information on all of Enexco's projects, visit
our website at: http://www.enexco.ca/
Paul McKenzie,
Director, International Enexco Limited
Tel: (604) 669-8368
Fax: (604) 642-2629
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