International Enexco Announces $6 Million, Three Rig Drill

International Enexco Announces $6 Million, Three Rig Drill Program,
on Mann Lake, Saskatchewan 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/15/12 --
International Enexco Ltd. (TSX
VENTURE:IEC)(OTCQX:IEXCF)(FRANKFURT:IE6) (the "Company" or "Enexco")
-  


 
--  $6 Million Exploration Program
--  21,000 Metre Diamond Drill Program 
--  3 Drill Rigs
--  Partnered with Cameco and AREVA

 
International Enexco Ltd. is pleased to announce that an aggressive
exploration drill program will begin starting January 2013, directed
by the project operator, Cameco Corporation (TSX:CCO). The proposed
budget for the 2013 program will be CDN$6,000,000 with Enexco's
portion being CDN$1,800,000. The primary objective of the proposed
exploration program will be to drill test priority geological and
geophysical targets along the C conductor trend over the entire
length of the property. This will allow for the evaluation for the
presence of in situ mineralization, alteration and / or geochemical
halos indicative of an economic deposit on the Mann Lake project. 
The Mann Lake Uranium Project is located in the heart of what is
undisputedly the most prolific and highest grade uranium region in
the world, the Athabasca Basin in Saskatchewan. The Project lies 25
km southwest from Cameco's McArthur River Mine and is 20 km northeast
from Cameco's Millennium deposit. High-grade basement-hosted uranium
mineralization was discovered at Mann Lake during a 2006 drill
program. The two highest grade intervals averaged 7.12% U308 over
0.25 m and 5.53% U308 over 0.4 m at depths of just over 500 m.  
"This is the largest exploration program ever proposed by the
Joint-Venture," commented Arnold Armstrong, President & CEO. "With
anomalous radioactivity and boron encountered in almost every
previously drilled hole, we are approaching the 2013 program with
great expectations."  
The 2013 drill program may consist of 28 drill holes with an
additional 10 contingency holes, using 3 separate drills totalling
approximately 21,000 m (69,000 ft.) of drilling.  
By the end of the proposed 2013 drill program, all geological and
stacked resistivity and EM targets coincident with the C conductor
trend will have been drill evaluated and characterized with potential
detailed follow-up of positive results either undertaken or deferred
to a future program. 
Additional grid refurbishment and geophysical surveying is planned
for the northernmost portion of the property. 
Enexco is a 30% partner in a joint-venture with Cameco (52.5%) and
AREVA (17.5%) to explore the Mann Lake Uranium Project in the
Athabasca Basin in Saskatchewan.  
Results from the proposed drill program will be published in
subsequent press releases as they become available. In addition,
Enexco anticipates receiving monthly progress reports and intends to
release pertinent information on an as received basis. In the
meantime investors are encouraged to discover the potentials of the
Mann Lake property by visiting www.enexco.ca or by contacting the
Company directly. 
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. 
The TSX Venture Exchange or its Regulation Services Provider have not
reviewed and do not accept responsibility for the adequacy or
accuracy of the contents of this news release, which has been
prepared by management. 
Contacts:
International Enexco Ltd.
Spiros Cacos
+1 604 669 8368
+1 604 662 3691 (FAX)
info@enexco.ca
www.enexco.ca
 
 
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