INTERNATIONAL ENEXCO FURTHER DRILL RESULTS FROM
CONTACT COPPER PROJECT, NEVADA
0.73% Cu over 50 feet (15.2 m) in hole ENR-36
0.20% Cu over 380 feet (115.8 m) in hole ENR-45
0.59% Cu over 70 feet (21.3 m) in hole EN-157
0.62% Cu over 40 feet (12.2 m) in hole EN-160
38,025 feet (11,590 m) of 40,000 feet drill program completed
Vancouver, Canada -- April 26, 2012 - International Enexco Ltd. (TSX-V: IEC; OTCQX: IEXCF; Frankfurt: IE6) (the "Company" or "Enexco") is pleased to announce additional results from drilling at its 100%-owned Contact Copper Project, situated in northeast Elko County, Nevada. Results announced today are from 19 holes located between recently reported drilling at the east end of the project (see February 14 and March 19, 2012 press releases) and the eastern limit of reserves found in the Company's 2010 Pre-feasibility study, as posted on Sedar. The results today demonstrate continuity of mineralization between these two areas, and confirm an additional strike length of over 3,000 feet (914 m) to the deposit (see map).
The Company's drilling at the Contact Copper Project thus far has identified a zone of oxide copper mineralization extending east from the 2010 reserve outline. The zone is hosted by granodiorite intrusive rocks and is not exposed on the easternmost end where it is overlain by younger volcanic rocks and colluvial sediments.
Since November 2011, when the current program began, 58 reverse circulation holes and 17 core holes have been completed, for a total of 38,025 feet (11,590 m). The results being reported today are from 15 reverse circulation holes and 4 core holes. All 19 holes encountered reportable intervals grading above 0.10% Cu, with 69 individual reportable intercepts. Of the more significant intercepts, EN-157 encountered 70 feet (21.3 m) of 0.59% Cu starting at a depth of 583 feet (177.7 m) immediately adjacent to the 2010 reserve outline. EN-157 also had four other reportable intercepts higher in the hole. ENR-45, north of EN-157, encountered an interval of 380 feet (115.8 m) of 0.20% Cu beginning at a depth of 35 feet (10.7 m). EN-160, east of EN-157, encountered 40 feet (12.2 m) of 0.62% Cu at a depth of 548 feet (167.0 m); EN-160 also encountered four other reportable intercepts higher in the hole. Northeast of EN-160, ENR-36 intercepted 50 feet (15.2 m) of 0.73% Cu starting at surface. These results, along with the other holes being reported today demonstrate continuity of mineralization extending from the 2010 reserve outline to the area east of hole EN-149, as reported in the Company's previous press releases, dated February 14 and March 19, 2012, and confirm an additional strike length of over 3000 feet (914 m) on the trend of the mineralization.
http://www.enexco.ca/s/contact_copper.asp