Euromax Resources

Published : November 12th, 2009

Correction: Drilling at Breznik Intersects High Gold Grades

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Drilling at Breznik Intersects High Gold Grades

November 12, 2009

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VANCOUVER CANADA: EurOmax Resources Limited (TSX-V: EOX) ("EurOmax") is pleased to announce high grade gold results from recent diamond drilling at Breznik including 2 metres at 19.9 g/t gold and 23 g/t silver followed by 2.8 metres at 12.4 g/t gold and 4 g/t silver and 1 metre at 43 g/t gold and 12 g/t silver.

Diamond drillholes BC991 and BC 992 were drilled to obtain samples for metallurgical testwork. Earlier testwork reported good recoveries of gold and silver to a sulphide concentrate. Diamond drillhole BC 993 was drilled to test the mineralised structures well below the depth of previous drilling and intersected mineralisation 250 metres down dip from surface and visually similar to that previously drilled. As is common for high grade gold mineralization grades can be quite variable and the presence of gold at depth in BC 993 is very encouraging.

More than 2 kilometers of the mapped strike of the vein system remains untested. The high grade zone, with an average width of 2 metres, has now been traced over nearly 1000 metres and up to 150 metres down dip from surface. The high grade zone remains open at depth.

Results from the three diamond drillholes are listed in the table below using a cut-off grade of 3 g/t gold:


Diamond drillhole BC 993 intersected a wide zone of elevated lead and zinc mineralisation. Within this zone BC 993 intersected 1.1 metres at 3.01 g/t gold, 76 g/t silver, 1.5% copper, 4.0% lead and 1.4% zinc from 216.1 meters.

Many of the more than 100 drillholes on the property, reported high grade intercepts between 3.0 g/t and 54 g/t gold. EurOmax is now evaluating the potential of the deposit for exploitation of this higher grade material with a low impact underground mining operation.

John C Menzies EurOmax CEO commented "the Breznik gold project continues to produce very high grade results. We will now continue a program to extend the resource along the 2 kilometres of strike which has never been drilled and to infill the 1000 metres of strike previously drilled. A second stage metallurgical testwork program will commence in the coming weeks."

Quality control and Quality Assurance

Drilling was conducted with a diamond drilling rig using PQ core in holes BC991 and BC 992 and NQ core in BC 993. Drillhole samples were prepared and assayed by SGS Chelopech laboratory in Bulgaria. SGS Chelopech follows SGS Global methods and procedures and has stringent quality control and assurance practices. Gold was assayed by a 30 gram fire assay with an AAS/ICPOES finish while other elements were assayed by a two acid digest with an ICPOES finish. Higher grades were assayed by a screen fire assay with a four acid digest with an AAS finish. Historic results reported herein were undertaken at EuroTest Control AD an ISO9001 accredited facility in Bulgaria. Quality control standards and blanks were routinely included.

Qualified Person

John Menzies, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information in this release.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

On Behalf of the Board of Directors

"John C. Menzies"
Chief Executive Officer
EurOmax Resources Ltd 

Contacts

Investor Relations: Robert Ferguson Telephone: + 1 778 945 2116 Email: r.ferguson@euromaxresources.com

 



EurOmax Resources Limited (EurOmax) is a Canadian minerals company re-discovering and developing the minerals wealth of SE Europe.

From a base in Sofia, Bulgaria, projects in Bulgaria, Macedonia and Serbia are being explored for gold and base metals. EurOmax made the strategic decision in 2003 to focus on the metals potential of SE Europe after a systematic and global review of prospective terrains. The Company was attracted to SE Europe because of the prospectively of the geological terrain, availability of quality exploration and support professionals and a long history of gold and base metal mining.

We are committed to delivering to shareholders and interested investors clear, concise, accurate and reliable information. Our website (www.euromaxresources.com) contains all the public documents of the corporation together with descriptions of our projects. Here you will find a large archive of technical data and drill core and site images. We hope you enjoy the content and find it useful in better understanding our company.

Robert R. Ferguson
Direct: (778) 945-2116
Mobile: (604) 999-5546
E : r.ferguson@euromaxresources.com
 
 

          

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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, CEOVISHTE, BRESTOVATZ and EYREMORE in Canada and KAZANDOL, DURLAN POTOK and ILOVITZA in Macedonia.

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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