Drilling at Breznik
Intersects High Grades and Extends Length of High Grade Zone by 70%
November 02, 2009
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VANCOUVER CANADA: EurOmax
Resources Limited (TSX-V: EOX)
("EurOmax") is pleased to announce that recent drillhole
results have extended the strike of the high grade Breznik gold-silver
deposit from 600 metres to nearly 1000 metres.
Results from this program
include 1 meter at 16.66 g/t gold; 1 meter at 21.11 g/t gold and 12 g/t
silver, followed by 1 meter at 12.08 g/t gold, 1 meter at 8.57 g/t gold
and 22/t silver; and 6 meters at 5.50 g/t gold.
These drillhole results
extend the Breznik high grade mineralized zone by 400 metres to the
north-west. More than 2 kilometres 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. A three hole diamond drilling program recently completed
has tested the zone at 250 metres down dip and has intersected visually
similar mineralization, results are awaited.
Eleven Reverse Circulation
holes, drilled in February 2008 by the previous owner, have now been
assayed by EurOmax. All results are listed in the table below using
a cut-off grade of 3 g/t gold:
The Breznik project has a
previously announced JORC (similar to 43-101) resource. The
resource is open at depth and along strike to the north-west. The
Breznik deposit was previously evaluated for its open pit
potential. Many of the more than 100 drillholes on the property,
reported high grade intercepts between 3.5 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..
Quality control and Quality Assurance
Drilling was conducted with a reverse circulation drilling rig
using a face sampling hammer. 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 four acid digest with an
AAS finish. Quality control standards and blanks were routinely included.
Assay results are consistent with expectations. Historic results reported
herein were undertaken at EuroTest Control AD an ISO9001 accredited facility
in Bulgaria. All reported drilling and sampling reported in this release
was supervised by EurOmax personnel.
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
Investor Relations: Robert Ferguson Telephone: + 1 604 999 5546
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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