International Enexco Limited
TSX VENTURE : IEC

International Enexco Limited

April 06, 2009 09:00 ET

International Enexco Announces Joint Venture With Lincoln Gold Corporation on Its Hannah Gold Property, Churchill County, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2009) - Arnold Armstrong, President and CEO of International Enexco Ltd. (TSX VENTURE: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, in order 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.

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

Contact Information

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