International Enexco Commences Drilling at Contact Copper Project, Nevada
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/28/11 -- Editors Note: There is a photo associated with this press release.
International Enexco Ltd. (TSX VENTURE: IEC)(OTCQX: IEXCF)(FRANKFURT: IE6) (the 'Company' or 'Enexco') is pleased to announce that drilling has commenced at its Contact Copper Project in northeast Nevada. As described in a November 16, 2011 Press Release, the drill program is planned to include approximately 20,000 feet, (6,100 meters) targeting the in-fill and potential expansion of resources east of the current Contact Copper Project reserve base.
Drilling began on November 16, 2011 with a reverse circulation drill contracted from DeLong Construction, Inc. of Winnemucca, Nevada. A core drill from Rocky Peak Drilling, LLC, of Twin Falls, Idaho, is scheduled to start drilling on December 5, 2011. The Company anticipates completion of the planned drilling program in Q1-2012.
'We believe the in-fill and expansion program has good potential to enhance the economics of the Contact Copper Project,' said Arnold Armstrong, President and CEO of International Enexco, Ltd. 'Enexco's recent increase in land holdings has created the opportunity to change the scope of our project by concentrating on an area of limited previous drilling east of our former project area.'
About International Enexco Ltd.
International Enexco Ltd. is a North American exploration and development company focused on the feasibility stage Contact Copper Project in northern Nevada. The Company also pursues gold and silver exploration in Idaho and Nevada, and is advancing the Mann Lake Uranium Project located in Saskatchewan's prolific Athabasca basin. This project is a joint venture with Cameco as operator and Areva-two of the world's largest uranium companies.
On behalf of the Board of Directors, I look forward to keeping you updated with our corporate developments.
G. Arnold Armstrong, President & CEO
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. We seek safe harbour.
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Contacts:
International Enexco Ltd.
1 604 669 8368
1 604 662 3231 (FAX)
info@enexco.ca
www.enexco.ca
