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Cours Or & Argent

International Enexco Limited

Publié le 29 septembre 2008

Prepares to Drill Newly Optioned Boston Claim Group

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Dear Subscriber,

September 29, 2008

 

International Enexco Prepares to Drill Newly Optioned Boston Claim Group.

Completes Phase 2 Drilling at Contact Copper Project, Nevada

 

International Enexco announced today that drilling has commenced on  the recently optioned Boston Claims where a phase one, 5,000 metre (m) drill program will test multiple targets for copper (Cu) / gold (Au) / silver (Ag) skarn mineralization.

The property now forms part of the Middlestack-TJN claim block, one of 7 blocks of claims the Company has located or acquired in northeast Elko County, Nevada. Central to Enexco's exploration effort is the Company's Contact Project where a Pre-Feasibility Study has been commissioned (see August 21, 2008 Press Release).

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.

The Boston Lode claim is one of the earliest mining claims in the Contact District, so named because ore from the property was shipped to Boston, Massachusetts and onward to Swansea, Wales around 1880.  As with other early prospects in the District, mineralization was found along the contact of Jurrassic aged granodiorite with Paleozoic sediments in the form of (Cu-Au) contact and replacement skarn bodies.  The original mine operated from 1880 until the 1920s. More recently the property was managed and explored by Great Lakes Exploration (1984), Tenneco (1987) and Minnova U.S. (Falconbridge) (1990). Past exploration work included soil and rock chip samples over a 30 line-mile grid, a 360 line-mile airborne Dighem EM-magnetic survey, and a ground induced polarization (IP)-resistivity survey.  An estimated 5,500 feet in 10 RC holes were drilled by Minnova partially testing Cu-Au in soil anomalies.  Encouraging intersections were reported in holes CON-3 (7.6m. of 1.51 g/t Au, 30 g/t Ag, 0.96% Cu), CON-5 (4.6m of 9.15 g/t Au, 70 g/t Ag,  0.84% Cu), and  MS-6 (4.6m of 1.3 g/t Au,19.5 g/t Ag, 0.78% Cu).  These exploration results were summarized in a 2005 report by Great Lakes Exploration. The historical values are not NI 43-101 compliant and, therefore, must not be relied upon.

Phase 2 Completed

In other news, the Phase 2 drilling program at the Contact Project has been completed. The Phase 2 program totaled 20,012 meters in 82 drill holes, located in an area 850m west and along strike west of the Phase 1 area drilled in 2007.  The Phase 2 drilling program was accomplished over the last year by Enexco's crews and two Company owned EF-50 core drills.  In addition to the Phase 2 drilling, Enexco crews completed an additional 6,459 meters of drilling in the Phase 1 area to obtain material for metallurgical tests, and 4,405 meters of deep drilling in the Phase 3 area to the south. Results of the drilling are pending compilation into an updated resource estimate and Pre-Feasibility Study for the Contact Copper Project, which was commissioned last month (see August 21, 2008 Press Release) and is focused on the oxide copper potential towards supporting an open pit, heap leach operation using solvent extraction, electrowinning (SX-EW).  Further drilling is being planned for Contact later this year.

International Enexco Director and Manager of Engineering, Dr. William Willoughby, PE who is a Qualified Person as defined in Canadian National Instrument 43-101 stated today that:

"Enexco's drill crews and all of Enexco's staff here in Nevada and Idaho have performed exceptionally well.  The professionalism and hard work of our people has ensured our ability to advance the Contact Copper Project to the Pre-Feasibility stage in a timely manner, and now allows us to begin the exploration of our other regional projects."

Enexco is well financed with approximately $13M in the treasury, to carry out the current work that is leading to a technical/feasibility study of the Contact project scheduled for completion in 2009. The Company has 21,086,441 shares issued and on a fully diluted basis would have 22,621,441 shares outstanding. The Company currently employs 36 full-time and part-time employees at its US locations in Nevada and Idaho.

ABOUT INTERNATIONAL ENEXCO

Enexco is a Canadian based advanced exploration company headquartered in Vancouver, B.C. In addition to its 100% owned Contact Copper Resource Property, the Company is exploring other prospective areas of Nevada, and has a strategic alliance with Cameco Corporation (35%), International Enexco (30%) and UEM Inc. (35%) to jointly develop the High-Grade Mann Lake Uranium Project located in the Athabasca Basin in Saskatchewan. Cameco is operator of the Mann Lake Uranium Project.

 For further information on all of Enexco's projects, visit our website at: www.enexco.ca

 Paul McKenzie, Director, International Enexco Limited

Tel: (604) 669-8368 Fax: (604) 642-2629

 The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."

 

.

International Enexco Limited

EXPLORATEUR
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
Projets de International Enexco Limited
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...
10/10/2013(Contact Copper)Files Pre-Feasibility Study for Contact Copper Project, Neva...
01/10/2013(Contact Copper)Announces Positive Pre-Feasibility Study for Contact Copper ...
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...
21/01/2013International Enexco Commences $6 Million, Three Rig Drill P...
21/01/2013(Mann Lake)Commences $6 Million, Three Rig Drill Program, On the Mann L...
18/09/2012International Enexco Announces Positive Metallurgical Result...
18/09/2012(Contact Copper)Announces Positive Metallurgical Results from Contact Copper...
10/09/2012(Contact Copper)Completes Drill Program at Contact Copper Project and Report...
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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