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Euromax Resources

Publié le 28 octobre 2008

Gold-Copper Anomaly North of Bor Gold & Copper Mines

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EurOmax Defines Gold-Copper Anomaly North of BorVeliki Krevilj Gold & Copper Mines

VANCOUVER CANADA: EurOmax Resources Limited (TSX-V: EOX) (�EurOmax�) is pleased to announce initial exploration results on the Durlan Potok licence where a 2 kilometre long gold and copper in soil anomaly has been defined. 
 
The 56 square kilometre Durlan Potok lies along the important Bor Fault.  Major deposits in the Bor district lie close to this structure. 
 
Durlan Potok is 12 kilometres to the north of the Bor (Bor Deposit, 144 million tonnes at 1.7% copper 1.1 g/t gold, Bor porphyry, 620 million tonnes at 0.62% copper and 0.25 g/t gold)) and Veliki Krivelj (>540 million tonnes at 0.35% copper) mining operations.  The 1 billion tonnes Majdanpek deposit (0.62% copper, 0.28 g/t gold) is 20 kilometres to the NNW along the Bor Fault while the 340 million tonne Cerovo porphyry copper-gold deposit (0.32% copper, 0.07 g/t gold) lies two kilometres to the south of the Durlan Potok licence.
 
Initial wide spaced soil sampling has defined a 2000 metre long soil gold and copper anomaly with peak values of 720 ppb gold and 620 ppm copper.  Outcrop within the survey area is poor and limited float sampling has produced encouraging results including one sample which assayed 33% copper, 5.5g/t gold, 160g/t silver, 1.1% lead, 0.4% zinc.  This sample had high levels of tin and bismuth suggestive that  high sulphidation copper-gold mineralisation may be responsible for the soil anomaly.  Other samples had strongly anomalous copper within a 200 metre wide zone of locally intense silica-pyrite mineralisation along the western side of the anomaly.
 
Drilling by a State mining company during 1980  in the center of the licence to the west of the high grade zone now being evaluated intersected wide intervals of low grade copper mineralisation in strongly silicified and pyritic andesite.  The State mining company after drilling 13 diamond drillholes totalling 5,676 metres  reported a historical non 43-101 compliant  resource of 500 million tonnes at 0.14% copper.  EurOmax does not have access to the drillcore but believes the results to be reliable.  This low grade  mineralisation is open to the east and is of a type typically peripheral to porphyry copper-gold deposits.
 
Detailed infill soil sampling, mapping and more extensive float geochemistry has been completed  and trenching and mapping are now in progress ahead of a planned drilling program later in 2008.

See Full Press Release here

See the latest drillcore here

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
Chairman and CEO


Further Information

David Stothart: Investor Relations

T: +1 347 284 0062
d.stothart@euromaxresources.com

 

 

 

Euromax Resources

EXPLORATEUR
CODE : EOX.V
ISIN : CA29873T3073
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Euromax est une société d’exploration minière d'or et de cuivre basée au Canada.

Euromax détient divers projets d'exploration au Canada, en Bulgarie et en Macedoine.

Ses principaux projets en exploration sont KARAVANSALIJA, TRUN, POPINTSI et RAKITOVO en Bulgarie, KAZANDOL, CEOVISHTE, BRESTOVATZ et ILOVITZA en Macedoine et DURLAN POTOK et EYREMORE au Canada.

Euromax est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 50,2 millions CA$ (38,5 millions US$, 34,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 21 mars 1997 à 5,40 CA$, et son plus bas niveau récent le 25 avril 2014 à 0,09 CA$.

Euromax possède 116 842 737 actions en circulation.

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Présentations des Compagnies de Euromax Resources
01/11/2012Management Share Purchases New Euromax Corporate Presentatio...
02/03/2008 Corporate Presentation - February 2008
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2007 Annual Report
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01/06/2011Board of Directors Re-Elected at Annual General Meeting
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29/02/2012First Berlin Initiates Coverage of Euromax Resources
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07/07/2016Euromax Announces Final Approval To Graduate to TSX
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29/04/2016Euromax announces non-brokered private placement to the EBRD...
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21/03/2016Euromax Announces Board Appointment
06/01/2016Euromax Announces Ilovica Feasibility Study Results
20/10/2015Read our latest newsletter - September 2015
19/10/2015Euromax Announces Option Agreement for KMC
15/09/2015Read our latest newsletter - August 2015
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29/07/2015Euromax at the Macedonia 2025 Networking Reception in Toront...
15/07/2015Read our latest newsletter - June 2015
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09/07/2015Rose among the thorns - Mining Journal
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24/03/2015Announces Appointment of Director and Funding of Second $3.7...
09/03/2015Euromax Announces Closing of Royal Gold Transaction
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20/02/2015Certificate of Appreciation awarded to Euromax Resources
12/01/2015Euromax Resources Closes Private Placement
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23/12/2014Re-filing of Amended Technical Report
22/12/2014Re-Filing of Amended Technical Report
10/12/2014Euromax Announces Non-­Brokered Private Placement to the EBR...
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21/10/2014Royal Gold Acquires Gold Stream on Euromax’s Ilovitza Projec...
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27/09/2013Receives C$1 Million from Sale of Thrace Resources
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05/08/2013(Ilovitza)Announces New Mineral Resource Estimate for Ilovitza Project
24/07/2013Publishes First Company Newsletter
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09/05/2013All Resolutions Passed at Euromax Annual General & Special M...
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26/03/2013(Ilovitza)Files Updated Ilovitza PEA
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16/10/2012(Ilovitza)Announces Share Consolidation; New Company Secretary Appoint...
13/09/2012Director's Dealings
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17/07/2009Now Has A New Lease Of Life In South Eastern Europe
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