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International Enexco Limited

Publié le 24 janvier 2013

INTERNATIONAL ENEXCO (TSX-V: IEC) COMMENCES $6 MILLION, THREE RIG DRILL PROGRAM, ON THE MANN LAKE UR

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Mots clés associés :   Uranium |
    
Thursday, January 24, 2013 News Release

INTERNATIONAL ENEXCO (TSX-V: IEC) COMMENCES $6 MILLION, THREE RIG DRILL PROGRAM, ON THE MANN LAKE URANIUM PROJECT, ATHABASCA SK



Aben Resources (TSX-V: ABN) would like to bring to your attention a news release recently issued by International Enexco (TSX-V: IEC) and Cameco (TSX: CCO). The full news release is posted below. Aben retains an ownership interest in two uranium projects in the Athabasca Basin, SK. One of the properties, the Huard-Kirsch Lakes Uranium Project, is a 49-51% joint venture between Aben and Denison Mines Corp. (TSX: DML) and the other property, Mann Lake Uranium Project, is a 40-60% joint venture between Aben and Canterra Minerals Corp. (TSX-V: CTM). Additional information on these projects can be found on Aben's website. Cameco and International Enexco's Mann Lake Project (subject of the news release below) is adjacent to the east of Aben and Canterra's Mann Lake Project as shown on this map:

 

Athabasca Basin, Saskatchewan Property Claims Map:

http://www.abenresources.com/i/maps/ABN_Athabasca_Map_11X17.jpg

 

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INTERNATIONAL ENEXCO (TSX-V: IEC) COMMENCES $6 MILLION, THREE RIG DRILL PROGRAM, ON THE MANN LAKE URANIUM PROJECT, ATHABASCA SK ("Beside" Aben's Mann Lake Project)
 

Mr. G. Arnold Armstrong reports

International Enexco Ltd.'s (TSX-V: IEC) 21,000-metre (69,000-foot) diamond drill program on the Mann Lake uranium project has been commenced by the project operator, Cameco Corp. Discovery Mining Services Ltd. has now completed the initial set-up of the Three Mile camp which will be the centre base of the drilling operations for the exploration program. The camp can accommodate the first 20 people (two drills). Collaring of the first drill holes on Mann Lake has commenced and full camp operations to accommodate a third drill are anticipated by the end of January, 2013.

The budget for the 2013 program is $6-million with Enexco's portion being $1.8-million. On Nov. 29, 2012, Denison Mines Corp. subscribed for 3.6 million units of the company at a price of 50 cents per unit for aggregate gross proceeds of $1.8-million allowing Denison to own 5.4 million shares of Enexco, which represent approximately 9 per cent of the present issued and outstanding shares. Denison's strategic investment was proportional to Enexco's portion of the 2013 exploration program on the Mann Lake. Furthermore, on Dec. 19, the company announced that Ron Hochstien, the chief executive officer of Denison Mines Corp., joined Enexco as a member of its board of directors.

The primary objective of the 2013 exploration program will be to drill test priority geological and geophysical targets along the C conductor trend over the entire length of the property and the possible expansion of the mineralization discovered during the 2006/2007 drill programs in the central part of the C conductor trend. High-grade mineralization was intersected in hole MN-013 during a 2006 drill program. This drill hole intersected 7.12 per cent triuranium octoxide (U3O8) over 0.25 metre and 5.53 per cent U3O8 over 0.4 metre in the basement, 12 metres beneath the Athabasca unconformity surface. The 2013 drill program will allow for the evaluation for the presence of in situ mineralization, alteration and/or geochemical halos indicative of an economic deposit on the Mann Lake project.

The program in progress will consist of 28 drill holes with an additional 10 contingency holes, using three separate drills totalling approximately 21,000 metres of drilling. Additional grid refurbishment and geophysical surveying are scheduled to be completed by February, 2013.

Enexco is a 30-per-cent partner in a joint venture with Cameco (52.5 per cent) and Areva (17.5 per cent) to explore the Mann Lake uranium project in the Athabasca basin in Saskatchewan.

Results from the proposed drill program will be published in subsequent press releases as they become available. In addition, Enexco anticipates receiving monthly progress reports and intends to release pertinent information on an as-received basis. In the meantime investors are encouraged to discover the potentials of the Mann Lake property by visiting the company's website or by contacting the company directly.

Qualified person

Dr. William Willoughby, PhD, PE, is the company's qualified person for the purposes of National Instrument 43-101 and has prepared or supervised the preparation of the disclosure of any scientific and technical information contained in this news release.

About Mann Lake uranium project

The Mann Lake uranium project is located in the heart of what is undisputedly the most prolific and highest-grade uranium region in the world, the Athabasca basin in Saskatchewan. The project lies 25 kilometres southwest from Cameco's McArthur River mine and is 20 kilometres northeast from Cameco's Millennium deposit. High-grade basement-hosted uranium mineralization was discovered at Mann Lake during a 2006 drill program.

We seek Safe Harbor.



You can also view this News Release on our website at:
http://www.abenresources.com/s/FieldUpdate.asp?ReportID=567174
 
    
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International Enexco Limited

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CODE : IEC.V
ISIN : CA45945G1072
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International Enexco est une société développant des projet miniers de cuivre et d'uranium basée au Canada.

International Enexco détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont LOOMIS, HOT POT PROJECT, MANN LAKE, CONTACT COPPER et MANN LAKE (JV) au Canada.

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Financements de International Enexco Limited
14/02/2014Announces Non-Brokered Private Placement
Nominations de International Enexco Limited
13/07/2011Appoints Spiros Cacos
24/06/2008Appoints Two New Directors
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27/01/2014Commences $2.9 Million Drill Program on the Man Lake Uranium...
10/12/2013International Enexco Gives a Base Metal (and Uranium) Balanc...
13/11/2013(Mann Lake)Announces $2.9 Million Drill Program, on the Mann Lake Urani...
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25/06/2013Announces Joint Venture with Denison Mines on Bachman Lake U...
27/03/2013(Mann Lake)Reports On the Mann Lake Uranium Project, Athabasca SK
19/02/2013(Mann Lake)JV Partner Cameco Adds Third Drill Rig On the Mann Lake Uran...
08/02/2013(Mann Lake)Minesite.com Article: International Enexco Sets The Drills T...
24/01/2013INTERNATIONAL ENEXCO (TSX-V: IEC) COMMENCES $6 MILLION, THRE...
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19/03/2012International Enexco Announces Additional Drill Results from...
24/02/2012International Enexco's Shares Power Ahead, As The Contact Co...
23/02/2012(Contact Copper)MINESITE.COM: International Enexco's Shares Power Ahead, As ...
16/01/2012(Contact Copper)Drill Program Update for Contact Copper Project, Nevada
28/11/2011(Contact Copper)Commences Drilling Contact Copper Project, Nevada
27/07/2011(Contact Copper)to Acquire Properties of Allied Nevada at Contact, Nevada
09/02/2011(Contact Copper)Rising Copper Prices Favor International Enexco
17/08/2009Positive Copper Pre-Feasibility Study Received
09/02/2009(Mann Lake)Drilling at Mann Lake Underway with Cameco as Operator
07/01/2009(Mann Lake)Cameco to Commence 3rd Enexco Drill Program at Mann Lake
29/09/2008(Contact Copper)Prepares to Drill Newly Optioned Boston Claim Group
21/08/2008(Contact Copper)Pre-Feas Study to Commence at Contact - New Resource Calcula...
Communiqués de Presse de International Enexco Limited
04/11/2013Announces Drill Results From the Bachman Lake Uranium Projec...
10/10/2013Mid=2DDay Breaking News From Zenyatta and International Enex...
09/09/2013Mid=2DDay Breaking News From International Enexco=2C Miracul...
26/08/2013Mid=2DDay Breaking News From Rango Energy and International ...
26/08/2013and Denison Mines Commence Drill Program on the Bachman Lake...
10/10/2012Mid-Day Breaking News From International Enexco, Gold Reach,...
10/10/2012(Contact Copper)Announces an Increase of 49% to 1.06 Billion Pounds of Coppe...
10/10/2012Announces an Increase of 49% to 1.06 Billion Pounds of Coppe...
27/08/2012Mid-Day Breaking News From Pelangio, International Enexco, S...
27/08/2012(Contact Copper)Confirms New Copper Target at Contact Copper Project (Nevada...
20/06/2012Todd Hilditch Joins International Enexco as Director
08/06/2012RESOURCE WORLD: INTERNATIONAL ENEXCO EXPANDING PROPERTY AND ...
23/05/2012Mid-Day Breaking News From International Enexco, CardioComm,...
23/05/2012(Contact Copper)Additional Drill Results from Contact Copper Project, Nevada
10/05/2012JOIN INTERNATIONAL ENEXCO LTD. AT THE 2012 NEW YORK HARD ASS...
26/04/2012Mid-Day Breaking News From International Enexco and Canada R...
19/03/2012(Contact Copper)Announces Additional Drill Results From Contact Copper Proje...
01/03/2012Mid-Day Breaking News From Mirasol, Novadx, Zimtu, Internati...
01/03/2012(Mann Lake)Announces Winter Geophysical Survey Planned at Mann Lake, Sa...
16/01/2012Mid-Day Breaking News From El Ni=F1o Ventures and Internatio...
28/11/2011Mid-Day Breaking News From El Nino, Millrock, Golden Touch, ...
11/07/2011Former Nevada Governor Jim Gibbons Joins International Enex...
01/12/2010President's Letter International Enexco
02/06/2010REPORTS 161% INCREASE IN MINEABLE COPPER AND 20.2% IRR, IN U...
11/08/2009S SHAREHOLDERS ON MULTIPLE DRILL PROGRAMS
09/06/2009signs JV with Nevada Exploration Inc.
02/06/2009has entered into an option agreement with Fronteer Developme...
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