EurOmax Commences Drilling and Geophysical Programs
 EurOmax Resources Limited (News - Market indicators) (PINK SHEETS:EOXFF) ("EurOmax" or the "Company") is pleased to announce the commencement of its 2011 exploration programs on the Company's four advanced stage projects in Southeastern Europe.
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Dr. Quinton Hennigh, technical advisor to the Company, comments "With funding already in place, EurOmax is in an excellent position to advance its portfolio of potentially world-class projects. Our Company has initiated work on multiple geophysical programs and on over 10,000 meters of drilling, all of which is managed by the Company's superb exploration team headed by Dimitar Dimitrov, Senior VP Exploration. We anticipate an exciting year with many promising results."

Trun Gold Project, Bulgaria

The 2011 drill program recently commenced at the Company's 100% controlled Trun Gold Project in western Bulgaria. Approximately 4,000 meters of Diamond core drill holes will test extensions of the Logo resource and the K2 zone along with at least six untested gold in soil anomalies. The first drill holes target the northerly and northeasterly extensions of the Logo resource, a NI 43-101 compliant inferred resource (see news release dated February 8, 2011) of 91 million tonnes at a grade of 0.70g/t Au (0.3g/t Au cut-off) for 2.1 million ounces contained gold, and three untested gold targets within the northern Big Hill intrusion. Assays from this drill program will be released upon availability.

In addition to drilling, geophysical surveys will soon commence including magnetics and induced polarization-resistivity over the southern Little Hill intrusion, which will examine extensions of known targets and test new targets on the 67 square kilometer property. Results from these surveys are expected back by the third quarter of 2011.

Gold mineralization at Trun is associated with a series of large granite and syenite stocks that intrude a broad anticline of metamorphic rocks. The geologic setting and styles of mineralization display striking similarities to that of the Tintina Gold Belt of the Yukon and Alaska that includes the Ft. Knox gold deposit, Alaska and the Eagle gold deposit, Dublin Gulch, Yukon.

Ilovitza Copper-Gold Porphyry Project, Macedonia

EurOmax recently commenced a 4,000 meter Diamond drill program at its Ilovitza Copper-Gold Porphyry Project, Macedonia. The objectives of this program are to increase the confidence level in the quality and consistency of the current resource and step-out where the system remains open to the northwest, northeast and east. Results from these holes will be released upon availability, following which the Company anticipates that it will initiate an updated NI 43-101 compliant technical report.

Ilovitza hosts a NI 43-101 compliant inferred resource (see press release dated August 12, 2008) of 303 million tonnes grading 0.23% Cu and 0.32 g/t Au. Currently, the deposit remains open in all directions. The project consists of a 5 square kilometre exploration concession under option from a major international mining company. To meet an end-of-August, 2011 deadline, the Company is in the process of filing for an Application for a Mining Concession. In preparation, various assessment reports are targeted for completion by the end of the month. A Mining Concession may be granted late in 2011 or early 2012 pending approval of the application.

KMC or Karavansalija Mineralized Complex Copper-Gold Project, Serbia

An extensive geophysical program, including 100 km of induced polarization-resistivity lines and magnetics and gravity surveys, is slated to begin mid-year. To date, several drill holes have identified a copper-gold skarn, a gold skarn, and gold-bearing siliceous breccias in several locations. The Company believes a buried intrusion may be the source for these widely occurring mineralized zones. The objective of these surveys is to identify such a potential buried intrusion as well as additional skarn and breccias drill targets on this 42 square kilometer project. The KMC Copper-Gold Project is under option from a major international mining company.

Pending results of the geophysical surveys, a 2,500 meter Diamond drill program is planned beginning in the third quarter to test new anomalies as well as extensions of known mineralized zones on the property.

Breznik Gold-Silver Project, Bulgaria

Induced polarization-resistivity and magnetics surveys were recently completed testing areas believed to be underlain by a porphyritic intrusion at the Company's 100% controlled, 19 square kilometer Breznik Gold-Silver Project in Bulgaria. Although vein mineralization has been the main focus of exploration to date, evidence suggests a shallowly buried intrusion may lie under cover to the southeast of the vein system. Initial results from these surveys are expected back within the next few weeks.

Gold-silver veins at Breznik host a NI 43-101 compliant inferred resource (see press release dated March 29, 2011) of 2.4 million tonnes at a grade of 5.9 g/t Au and 26.7 g/t Ag (2g/t Au cut-off) for 463,000 ounces of contained gold and 2.1 million ounces of silver. 

The Company is in the process of applying for a Commercial Discovery Certificate to transition Breznik from an exploration permit to a mining concession. Various assessment reports have been initiated and are expected to be completed in order to meet an end-of-May, 2011 deadline. A Mining Concession may be granted late in 2011 or early 2012 pending approval of the application.

Quality Control and Quality Assurance

Roger Moss, Ph.D., P.Geo., a member of the EurOmax Technical Advisory Board and a "qualified person" as defined by NI-43-101, supervised the preparation of the technical information contained in this news release.

About EurOmax Resources Limited

EurOmax is a Canadian company focused on precious and base metal projects in Southeastern Europe. Our strength is the local staff, knowledge and technical expertise in Bulgaria, Serbia and Macedonia.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, resource estimates, metallurgical testing, geophysical and geochemical surveys, drilling, geological interpretations, receipt of mining concessions and property titles, potential mineral recovery processes and potential partners. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements, and readers are encouraged to review all Company documents filed with the securities authorities in Canada, including the Management Discussion and Analysis in respect of the Company's recent financial statements under the heading "Operational and Other Business Risks". These documents describe the material factors and assumptions that were applied in drawing the conclusions and making the forecasts and projections as reflected in the forward-looking statements and information, and the material factors that could cause our actual results, performance or achievements to differ materially. We undertake no obligation to update or revise any forward-looking statements or information made in this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

EurOmax Resources Limited
Mark Gustafson
President & CEO
(604) 454-8677
markg@euromaxresources.com
www.EurOmaxresources.com
or
San Diego Torrey Hills Capital
(858) 456-7300
www.torreyhillscapital.com
Data and Statistics for these countries : Bulgaria | Canada | Macedonia | Serbia | All
Gold and Silver Prices for these countries : Bulgaria | Canada | Macedonia | Serbia | All

Euromax Resources

EXPLORATION STAGE
CODE : EOX.V
ISIN : CA29873T3073
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Euromax is a gold and copper exploration company based in Canada.

Euromax holds various exploration projects in Bulgaria, in Canada and in Macedonia.

Its main exploration properties are KARAVANSALIJA, TRUN, POPINTSI and RAKITOVO in Bulgaria, KAZANDOL, CEOVISHTE, BRESTOVATZ and ILOVITZA in Macedonia and DURLAN POTOK and EYREMORE in Canada.

Euromax is listed in Canada and in United States of America. Its market capitalisation is CA$ 50.2 millions as of today (US$ 38.5 millions, € 34.9 millions).

Its stock quote reached its highest recent level on March 21, 1997 at CA$ 5.40, and its lowest recent point on April 25, 2014 at CA$ 0.09.

Euromax has 116 842 737 shares outstanding.

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Corporate Presentations of Euromax Resources
11/1/2012Management Share Purchases New Euromax Corporate Presentatio...
3/2/2008 Corporate Presentation - February 2008
Annual reports of Euromax Resources
2007 Annual Report
Financings of Euromax Resources
3/15/2011Announces Final TSXV Approval of $7.875 Million Private Plac...
2/22/2011Proposes Private Placement for Up to $7.875 Million
Option Grants of Euromax Resources
9/21/2012Brings Investor Relations Services In-house
3/23/2011Grant of 575,000 options at $0,35
2/3/2011Euromax issues 1.075.000 stock options at $0.31
Nominations of Euromax Resources
6/11/2013Appoints Environmental & Social Manager
6/1/2011Board of Directors Re-Elected at Annual General Meeting
9/1/2009Appoints VP Exploration and IR Team
8/7/2008appoints Greg Hall as member of advisory board
Project news of Euromax Resources
2/29/2012First Berlin Initiates Coverage of Euromax Resources
2/8/2012Euro Pacific Broker Note - EurOmax Resources
7/20/2011(Trun)Confirms Another Gold Zone at Trun - Drilling Encounters 24 ...
5/26/2011(Ilovitza)Intercepts 369 Meters at 0.22% Copper and 0.33 Grams Per Ton...
4/1/2011(Breznik)Reports 0.5 Million Ounces Gold and 2.1 Million Ounces Silve...
2/17/2011(Ilovitza)Intercepts 336.5 Meters at 0.30% Copper and 0.37 Grams Per T...
8/4/2010(Kazandol)Drilling Confirms Oxide Copper Zone at Kazandol North
11/12/2009Correction: Drilling at Breznik Intersects High Gold Grades
11/3/2009Drilling at Breznik Intersects High Grades and Extends Lengt...
7/24/2008(Ilovitza)Ilovitza Geophysical Survey
6/26/2008(Ilovitza)Announces 1.6 Billion pound copper and 2.9 million ounce gol...
Corporate news of Euromax Resources
7/7/2016Euromax Announces Final Approval To Graduate to TSX
6/20/2016Euromax Announces Receipt of Conditional Approval to Graduat...
6/14/2016Euromax Announces Reconfirmation of US$240m German Governmen...
6/14/2016Euromax Announces Reconfirmation of US$240 Million
5/20/2016Euromax Announces Completion of Convertible Debt Financings ...
5/6/2016Notice for submission of the Ilovica Project EIA for approva...
4/29/2016Euromax announces non-brokered private placement to the EBRD...
4/8/2016Proposed Funding Package and Formation of Strategic Relation...
4/8/2016Euromax Announces Proposed Funding Package and Formation of ...
3/21/2016Euromax Announces Board Appointment
1/6/2016Euromax Announces Ilovica Feasibility Study Results
10/20/2015Read our latest newsletter - September 2015
10/19/2015Euromax Announces Option Agreement for KMC
9/15/2015Read our latest newsletter - August 2015
9/10/2015Euromax Resources to Attend Upcoming Investment Summits
7/29/2015Euromax at the Macedonia 2025 Networking Reception in Toront...
7/15/2015Read our latest newsletter - June 2015
7/9/2015Euromax on Mining Journal - Rose among the thorns
7/9/2015Rose among the thorns - Mining Journal
3/24/2015Euromax Announces Appointment of Director and Funding of Sec...
3/24/2015Announces Appointment of Director and Funding of Second $3.7...
3/9/2015Euromax Announces Closing of Royal Gold Transaction
3/3/2015Announces Closing of Royal Gold Transaction
3/3/2015Euromax Announces Closing of Royal Gold Transaction
2/20/2015Certificate of Appreciation awarded to Euromax Resources
1/12/2015Euromax Resources Closes Private Placement
1/12/2015Euromax Resources Closes Private Placement
12/23/2014Re-filing of Amended Technical Report
12/22/2014Re-Filing of Amended Technical Report
12/10/2014Euromax Announces Non-­Brokered Private Placement to the EBR...
12/9/2014Euromax Announces Non-Brokered Private Placement to the EBRD
10/21/2014Royal Gold Acquires Gold Stream on Euromax’s Ilovitza Projec...
10/21/2014Euromax Resources Announces US$175 Million Gold Streaming Ag...
9/27/2013Receives C$1 Million from Sale of Thrace Resources
9/12/2013Announces Discovery Drill Hole at Gradina, KMC, Serbia
8/5/2013(Ilovitza)Announces New Mineral Resource Estimate for Ilovitza Project
7/24/2013Publishes First Company Newsletter
7/24/2013Publishes First Company Newsletter
5/24/2013(Ilovitza)Announces New Mineral Resource Estimate for Trun Project-Dri...
5/9/2013All Resolutions Passed at Euromax Annual General & Special M...
5/9/2013All Resolutions Passed at Euromax Annual General & Special M...
3/26/2013(Ilovitza)Files Updated Ilovitza PEA
3/21/2013(Ilovitza)Announces 2012 Drilling Results from Ilovitza, Macedonia
2/19/2013Announces 2012 Drilling Results from KMC Project, Serbia
2/14/2013(Ilovitza)Opens Information Centre in Ilovitza
1/23/2013Announces $8.8 Million Non-Brokered Private Placement; Appoi...
11/8/2012Board and Management Changes
10/24/2012(Ilovitza)Announces Approval of Ilovitza EIS & Preliminary Economic As...
10/16/2012(Ilovitza)Announces Share Consolidation; New Company Secretary Appoint...
9/13/2012Director's Dealings
5/23/2012Moves to Europe
7/21/2011Drill High Grades
7/7/2011(Breznik)Large Geophysical Anomaly at the Breznik Au-Ag Project Teste...
6/14/2011(Trun)Discovers New Gold Zones at Trun
5/4/2011Commences Drilling and Geophysical Programs
4/21/2011Adds to Technical Advisory Board and Issues Stock Options to...
8/18/2010Reminds Shareholders to Vote their BLUE Proxy By Friday, Aug...
7/26/2010files Information Circular and Urges Shareholders to Vote th...
7/14/2010Sues Anthony Patriarco for Insider Trading
10/20/2009 Bulgarian project update
7/16/2009EOX Closes USD15 Million Property Sale
7/17/2009Now Has A New Lease Of Life In South Eastern Europe
5/27/2009Silk Road Business Combination
8/22/2008Closes $0.75 Million Financing
7/14/2008Exposure to West African Gold Exploration
7/7/2008Dr. Patriarco Joins EurOmax Board
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