International Enexco Ltd. (TSXV:IEC,OTCQX:IEXCF,FWB:I6E) reported positive results from its 2013 drill program on the Mann Lake Uranium Project in the Athabasca Basin of Saskatchewan. 21 drill holes were completed and a total of 15,721 metres were drilled – anomalous uranium was encountered in several targets.
As quoted in the press release:
A total of 15,721 metres were drilled in 21 holes under the direction of the project’s operator, Cameco Corporation (“Cameco”). Anomalous uranium was encountered in structural and stratigraphic targets across the property. In particular, encouraging unconformity alteration and weak mineralization was encountered in the northern portion of the property footwall to the western conductor with drill hole MN-047. Additional basement mineralization was also encountered directly north of Spring Lake in MN-036. A follow-up winter drill program is being discussed for 2014 by Enexco and its joint venture partners Cameco and AREVA.
Exploration on the Mann Lake property is focused on the C Conductor, a 6 km long section of a regional trend that extends from the MacArthur mine to the north to the Wheeler River deposit to the south. The C Conductor on the Mann Lake property consists of three geophysical conductors designated the East, Central and West conductors.
The 2013 program intersected anomalous basal sandstone uranium and boron levels in drill holes on all three conductors at widespread locations on the property. Significant uranium enrichment was encountered in MN-038 on the West conductor; in MN-035 and MN-047 footwall to the West Conductor; in MN-033 and MN-051 on the Central conductor; and, in MN-036, MN-041 and MN-043 on the East conductor, with uranium haloes reaching 2 ppm over 370 metres in MN-041 and 75 ppm over the basal 23 metres in MN-047. A map of drill hole locations is available on Enexco’s website.