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.
EurOmax Resources hits 1.23 g/t gold over 66.7 metres at Trun project
EurOmax Resources (CVE:EOX) announced Monday the latest positive drill results from its Trun gold project in Bulgaria, the site of a recently-expanded exploration program.
"In early September, we decided to increase this year’s drill program from the originally planned 4,000 meters to over 10,000 meters in order to follow up on extremely encouraging drill results on multiple newly identified gold zones at Trun,” said the company's technical advisor, Dr. Quinton Hennigh.
"We are very pleased with these new results, which validate that decision, and look forward to more results over the next few months."
The latest results include 66.7 metres at 1.23 grams per tonne (g/t) of gold, including 14.8 metres at 2.28 g/t gold from hole MTC-1192, a step out hole drilled at the Ruy target, which is located at the Big Hill intrusion in the northern part of the Trun property.
Earlier this year, the company announced an intercept of 87 metres at 2.14 g/t gold in hole MTC-1174 from the Ruy target, a 500 metre wide gold-in-soil anomaly.
The newest hole, MTC-1192, is located roughly 50 metres northwest of MTC-1174. With the results of these two holes, the company said it now appears the Ruy gold zone trends north-northwest.
Meanwhile, diamond drill hole MTC-1198, located around 50 metres southeast of MTC-1174, encountered 28.3 metres at 0.35 g/t gold. EurOmax said that this intercept is thought to be from a separate zone lying underneath that found in holes MTC-1192 and MTC-1174.
Two additional step out holes have also recently been completed, with results still pending. Data from these holes is expected to help determine the exact geometry and size of the Ruy gold zone, the company said.
In addition to this zone, seven holes tested various parts of the northwest-striking K2 gold zone located at Little Hill in the southern part of the Trun project.
The longest interval from the K2 gold zone returned 100.5 metres at 0.50 g/t gold from drill hole MTC-1191, with four other holes also returning significant intervals of gold mineralization, the company said.
"Although gold grades from K2 are relatively low, most of the mineralization is near-surface and oxidized," EurOmax said in a statement.
Results from the latest K2 zone drill holes, coupled with previous drilling, show the target continues over a strike length of 600 metres, with thickness of approximately 50 metres.
Gold mineralization at Trun shows striking similarities to that of "tombstone-type" gold deposits in the Tintina Gold Belt of the Yukon and Alaska, including the Fort Knox gold deposit in Alaska and the Eagle gold deposit in Dublin Gulch, Yukon.
EurOmax has 100 percent control over approximately 67 square kilometres centered on the Big Hill and Little Hill granite intrusions, each consisting of several gold-in-soil anomalies.
So far, the company has defined NI 43-101 compliant resources in the northeastern margin of the Big Hill intrusion at the north of the property. The Logo resource at Trun holds 2.1 million contained inferred ounces, from 91 million tonnes at a grade of 0.70 g/t gold, at a 0.30 g/t gold cutoff.
