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09/12/2011

EurOmax CEO says it has a “substantial inferred resource base” of 5.8Moz gold

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Additional Information
Market: TSX-V
Sector: General Mining - Gold
EPIC: EOX
Latest Price: C$0.21  (40.00% Ascending)
52-week High: C$0.40
52-week Low: C$0.14
Market Cap: C$34.98M
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EurOmax Resources
www.euromaxresources.com

EUROMAX RESOURCES LIMITED is a Canadian company focused on gold and copper exploration in the resource rich region of Bulgaria, Macedonia and Serbia. Our technical excellence, local expertise and international contacts have made us one of the most successful exploration companies in Southeastern Europe.

Our aim is to explore high-quality, potentially world class gold and copper systems, then partner with local or international companies that have the financial and technical resources to develop them, thereby generating long-term value for EurOmax shareholders.

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EurOmax extends gold zone at Logo and K2 targets on Trun property in Bulgaria

17th Sep 2010, 9:02 am

 

EurOmax Resources (TSX-V: EOX) has said that recent drillhole results have extended the mineralized zone on the Logo and K2 targets at Trun in western Bulgaria.

Drillin at Trun in 2010, which totaled 1,989 metres, was conducted to prioritize further exploration on the property.

The results include 54 metres at 1.15 grams per tonne gold and 0.05% tungsten; 20 metres at 1.45 grams per tonne gold and 0.08 % tungsten; and 50 metres at 0.94 grams per tonne gold.

The gold mineralization at Trun indicates the potential for bulk tonnage of Intrusion Related Gold (IRG) deposits, the company said.

A number of IRG deposits have been found in Europe and Asia with similar geological age and setting to Trun, including Vasilkovskoe in Kazakhstan, Mokrsko in the Czech Republic and Jilau in Tajikistan.

“All of the targets drilled are still open for expansion. In addition, there are a number of other similar targets which have not yet been drilled,” said senior vice president Dimitar Dimitrov.

The Logo target has been traced over an area 1,200 metres long by 300 metres wide, while the K2 target has been traced over a length of 600 metres by 150 metres wide.

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