Click here to close now.




















Welcome!

News Feed Item

International Enexco Hits 2.31% eU3O8 Over 5.1 Metres Including 10.92% eU3O8 Over 0.4 Metres on Mann Lake

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/10/14 -- International Enexco Ltd. (TSX VENTURE:IEC)(OTCQX:IEXCF)(FRANKFURT:I6E) (the "Company" or "Enexco"). Enexco is pleased to report drill results from the Mann Lake Uranium Project in the Athabasca Basin of Saskatchewan, operated by Cameco Corporation (Cameco). Down-hole gamma survey results in drill hole MN-060 (see "Table A") intersected 5.1 metres ("m") averaging 2.31% eU3O8, from 687.6m to 692.7m. The intersection includes a 0.4m interval, from 691.2m to 691.6m, averaging 10.92% eU3O8. The hole represents a new discovery footwall to the western conductor in the northern half of the Mann Lake property and is located 300m south of hole MN-047, drilled in 2013, which encountered elevated radioactivity. The Company holds a 30% interest in the project along with Cameco (52.5%) and AREVA (17.5%).

The intersection is the best returned in terms of thickness and grade from the Mann Lake property thus far, and accordingly, the 2014 three rig Winter Drill Program is being modified by Cameco to follow up on these results both along and across strike. A wedge hole from MN-060 is currently being drilled.


Table A                                                                     
                                                                            
----------------------------------------------------------------------------
                                                 Grade                      
              Grade                       Thick- Cutt- Maximum Average    GT
              Calculation       From    To  ness   off   Grade   Grade  (m x
DDH MN-060    Method             (m)   (m)   (m)     % (%U308) (%U308)    %)
----------------------------------------------------------------------------
L42+25N 4+20E Equivalent %U308 687.6 692.7   5.1  0.10   12.77    2.31 11.78
              Gamma (High Flux                                              
              Probe)                                                        
----------------------------------------------------------------------------
                    (includes) 689.2 690.6   1.4  1.00    5.12    2.26  3.16
----------------------------------------------------------------------------
                    (includes) 691.2 691.6   0.4  1.00   12.77   10.92  4.37
----------------------------------------------------------------------------
                    (includes) 689.2 691.9   2.7  1.00   12.77    4.20 11.34
----------------------------------------------------------------------------
(1) eU3O8 is the radiometric equivalent uranium from a total gamma down-hole
probe calibrated using an algorithm calculated from the comparison of probe 
results. True widths of mineralized intervals have not yet been determined  
or geochemical analyses performed to support the probe data.                
(2) Average grades are composited from 5 centimetre intervals.              

Arnold Armstrong, President and CEO of Enexco, commented: "We are extremely excited by the strong mineralized intercept from hole MN-060 at Mann Lake. This is one of most prospective areas of the eastern Athabasca Basin, and we look forward to receiving further results throughout the ongoing drill campaign."

MN-060 is the eighth hole drilled in the 2014 program targeting the C conductor a six-kilometre-long section of an anomalous regional trend. The C conductor on the Mann Lake property consists of three geophysical conductors designated the eastern, central and western conductors. Hole MN-060 was collared 300m south of 2013 hole MN-047, the initial test of the area footwall to the western conductor. MN-047 encountered mineralization at similar depths below an unconformity in semipelite, with 0.7m of 0.114% eU3O8, from 693.8m to 694.5m, and 2.0m of 0.272% eU3O8, from 696.0m to 698.0m.

The 2014, three-rig drill program on Mann Lake was planned as an 18-hole, 13,000 metre program. To date 8 holes have been completed, and 2 are in progress. The drill program is expected to be complete by early April. Drilling is still underway. A presentation on the Mann Lake Uranium Project can be found on the Company's website.

Qualified Person

William Willoughby, Ph.D., P.E. is the Company's Qualified Person for the purposes of National Instrument 43-101 and has prepared or supervised the preparation of the disclosure of any scientific and technical information contained in this news release.

About Mann Lake Uranium Project

The Mann Lake Uranium Project is located in the heart of what is indisputably the most prolific and highest grade uranium region in the world, the Athabasca Basin in Saskatchewan. The Project lies 25 kilometres southwest from Cameco's McArthur River Mine and is 20 kilometres northeast of Cameco's Millennium deposit. High-grade mineralization was intersected during the 2006 drill program in drill hole MN-013 which intersected 7.12% U3O8 over 0.25 metres and 5.53% U3O8 over 0.4 metres in the basement, 12 metres beneath the Athabasca unconformity surface.

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 and the Mann Lake and Bachman Lake Uranium Projects located in Saskatchewan's prolific Athabasca basin. The Mann Lake project is a joint venture with Cameco (52.5%) as operator, Enexco (30%) and AREVA (17.5%)-two of the world's largest uranium companies.

On behalf of the Board of Directors

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. Although the Company believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. For more information on the Company and the risks and challenges of its business, investors should review their annual filings that are available at www.sedar.com.

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. We seek safe harbour.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...