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INTERNATIONAL ENEXCO LIMITED
2080 - 777 Hornby Street
Vancouver, B.C. V6Z 1S4
February 9, 2009 Ticker Symbol: IEC (TSX-V)
INTERNATIONAL ENEXCO ANNOUNCES DRILL PROGRAM NOW UNDERWAY AT MANN LAKE PROPERTY WITH CAMECO CORP AS OPERATOR.
Vancouver, BC - February 9, 2009, Arnold Armstrong, President and CEO of International Enexco Ltd. (TSXV - IEC) (the "Company" or "Enexco" ) reported today that an approximate 5,000 meter drill program on its Mann Lake uranium property is now in progress. The Mann Lake property is controlled as follows: (30% International Enexco, 35% Cameco Corp and 35% UEM) and is located directly between Cameco Corp's McArthur River and Key Lake mines in the Athabasca Basin, Saskatchewan. The joint venture is being operated by Cameco Corp (NYSE - CCJ, TSX - CCO).
The program, already in progress, will include the winter phase of the 2009 drill program totaling 6 - 8 holes of Diamond drilling totaling approximately 5,000m. In addition to drilling, approximately 44km of grid line refurbishment followed by a gravity survey are also planned.
The drilling is testing a possible expansion of the mineralization discovered during the 2006 - 2007 drill programs in the central part of the C conductor trend. High-grade mineralization was intersected in hole MN-013 during a 2006 drill program. This hole Intersected 7.12% U3O8 over 0.25m and 5.53% U308 over 0.4m in the basement, 12m beneath the Athabasca unconformity surface. The current drill program will also test interpreted structures from historical gravity data in the western part of the property, as well as geochemical anomalies and unconformity offset in the northern part of the conductor trend.
In addition to the high grade uranium intercepts from the 2006 drill program, the Company was also encouraged by multiple uranium showings during its 2007 drill program (see Enexco news, December 12, 2007) where data collected helped significantly in understanding the geologic environment and basement structures in the drill area.
Analytical results from the current drill program will be published in subsequent press releases as they become available. In the meantime Investors are encouraged to discover the potentials of the Mann Lake property by visiting http://www.enexco.ca/ or by contacting the Company directly.
ABOUT INTERNATIONAL ENEXCO
International Enexco is a Canadian based advanced exploration company headquartered in Vancouver, B.C. In addition to its strategic alliance (International Enexco 30%, Cameco Corporation 35%, and UEM Inc. 35%) to develop the high-grade Mann Lake Uranium Project located in the Athabasca Basin, Saskatchewan the Company also operates its 100% owned Contact Copper Property, located in N/E Nevada.
For further information on all of Enexco's projects, visit our website at: http://www.enexco.ca/
Paul McKenzie, Director, International Enexco Limited
Tel: (604) 669-8368 Fax: (604) 642-2629
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."
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