Enexco Commences Drilling Loomis Gold Property, Nevada
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VANCOUVER, BRITISH COLUMBIA, Oct 05 (MARKET WIRE) --
International Enexco Ltd. (TSX VENTURE: IEC) (the "Company" or "Enexco")
reported today that drilling is underway on Fronteer Development Group
Inc.'s Loomis Mountain gold property located 32 kilometres north of Wells
in Elko County, Nevada. The property covers 15,570 acres of mostly
private mineral rights and has similar geological characteristics to
deposits in the Carlin Trend. Widespread anomalous gold mineralization at
Loomis Mountain occurs in a northeast-trending zone within upper plate
rocks of the Roberts Mountain Thrust. Enexco is project operator.
Surface sampling conducted by Enexco has confirmed gold occurrences in
rock-chip samples ranging from anomalous to 7.1 grams per tonne gold. The
samples fall within a target area containing several silicified breccias,
up to 2 meters in width, within an exposed area approximately 500 metres
by 1500 metres. A 2000 metre RC drilling program consisting of 17 angled
holes commenced last month. In addition to testing the gold potential of
the structures within the upper plate rocks, the RC program is planned to
provide direction for later core drilling to intersect the structures at
depth within the more favorable lower-plate rocks, which are the host for
high grade gold mineralization elsewhere in the Carlin Trend. One of
Enexco's core drills will be used for the deeper drilling program. Enexco
holds an option to earn a 51% interest in the Loomis Mountain gold
property. (see Enexco June 2, 2009 news release).
Hot Pot Gold Property
The Phase One drilling program at the Hot Pot gold property in Humbolt
County, Nevada, which commenced in July this year, is nearing completion.
The property is located 6 kilomtres west of Newmont's Lone Tree Mine (5
million ounces Au) and 13 kilometres north of Goldcorp's Marigold Mine (4
million ounces Au). In the Phase One drilling program, Enexco, thus far,
has succeeded in testing beneath the valley sand and gravel cover, with
angled core holes to 500 metres depth. The Company is encouraged by the
drilling, which has intersected altered quartzites and argillites similar
to the host rocks at the Lone Tree and Marigold mines. Phase Two drilling
at Hot Pot will continue to develop stratigraphic information and test
the property for high-angle structures which are the focus of high grade
mineralization at the aforementioned mines. The Hot Pot gold property is
under a joint-venture agreement between International Enexco and Nevada
Exploration Inc. (NGE.V) (see Enexco June 8, 2009 news release).
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 Complete assay results from the
Loomis Mountain and Hot Pot drilling programs will be issued in forth
coming press releases by the Company.
Interested parties can view more information on the company's gold
projects at www.enexco.ca.
ABOUT INTERNATIONAL ENEXCO
Enexco is a Canadian based advanced exploration company headquartered in
Vancouver, B.C. In addition to its 100% owned Contact Copper Project, in
Elko County, Nevada, the Company is exploring prospective areas of Nevada
for gold deposits, and has a joint-venture with Cameco Corporation
(52.5%), Enexco (30%) and AREVA. (17.5%) 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.
"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."
Contacts:
International Enexco Limited
Paul McKenzie
Director
(604) 669-8368
(604) 642-2629 (FAX)
www.enexco.ca
Copyright 2009, Market Wire, All rights reserved.
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