International Enexco Limited
TSX VENTURE : IEC

International Enexco Limited

December 14, 2009 09:00 ET

International Enexco Completes 2009 Drill Programs at Loomis Mountain and Hot Pot Properties, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2009) - International Enexco Ltd. (TSX VENTURE:IEC) (the "Company") reports that it has completed 2009 drilling programs on the Loomis Mountain and Hot Pot properties, Nevada.

The Loomis Mountain property is located 32 kilometers north of Wells in Elko County, Nevada, and is under a joint venture agreement with Fronteer Development (USA) Inc. Twelve reverse circulation holes were drilled at Loomis Mountain totaling 2000 meters. Drilling has confirmed a broad zone of anomalous gold mineralization believed related to a deeper high grade target within lower plate rocks of the Roberts Mountain allochthon.

Drill holes were located within a 500 by 1500 meter area where previous surface sampling had identified several silicified structures containing up to 7 g/t gold. The drilling revealed a broad zone of anomalous gold and trace element mineralization surrounding structures in the upper plate rocks, confirming that the structures are near-vertical and persistent to depths of at least 240 meters. The best intercept, in ELM-1, showed an average of 46 ppb gold over 152 meters, with values ranging up to 990 ppb at a depth of 145 meters. Trace element values were anomalous throughout all holes, ranging up to maximum 1660 ppm arsenic in ELM-4 and 73 ppm antimony in ELM-7. The Company plans subsequent drilling to target the mineralized zone where it is projected to intersect highly prospective lower plate rocks at depth.

The Hot Pot property, under joint venture agreement with Nevada Exploration Inc. (NGE.V), is in Humboldt County, Nevada, 6 kilometers east of Newmont's Lone Tree Mine and 13 kilometres north of Goldcorp's Marigold Mine. At Hot Pot, 3462 meters of core drilling were completed in eleven drill holes, developing stratigraphic information and testing for mineralized structures beneath the alluvial cover. Geologic interpretation and final assays from Hot Pot are still pending and will be issued in a subsequent International Enexco news release when they are completed.

The information herein was reviewed by Dr. William Willoughby, PE who is a Director of International Enexco and a Qualified Person (QP) as defined by Canadian National Instrument 43-101.

Interested parties can view additional information on the Company's projects at www.enexco.ca.

ABOUT INTERNATIONAL ENEXCO

Enexco is a Canadian based advanced exploration company headquartered in Vancouver, B.C. In addition to the Hot Pot and Loomis Mountain joint venture gold properties the Company owns 100% of the Contact Copper Project, in Elko County, Nevada. International Enexco is also a 30% joint-venture partner with Cameco Corporation (52.5% partner) and AREVA (17.5% partner) in International Enexco's Mann Lake Uranium Project in the Athabasca Basin, Saskatchewan. Cameco Corp. is project operator at Mann Lake.

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

Neither The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • International Enexco Limited
    Paul McKenzie
    Director
    (604) 669-8368
    (604) 642-2629 (FAX)
    www.enexco.ca