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Issued Capital:
43,199,155 common shares
Stock Exchange
TSX Venture Exchange
Symbol: EOX
VANCOUVER, May 29 /CNW/ - EurOmax Resources Ltd. ("EurOmax") is updating the current status of activities on Balkans Gold Limited (Balkans) mineral properties in Bulgaria from recent Balkans announcements. EurOmax is the largest shareholder of Balkans with approximately 19% of its outstanding shares.
OGOSTA: Balkans have completed 11 diamond drillholes at Ogosta targeting high grade quartz veins, assay results are awaited.
BREZNIK: Balkans have completed 25 diamond drillholes and 10 trenches at Breznik. Balkans have advised that the information gained from the current drilling program at Breznik, coupled with the results of previous drilling should allow an initial resource estimate to be made. The current drilling program is targeting the North and Central Veins. The mineralised system has now been traced with drilling over a strike of 800 metres.
Significant Drillhole Intercepts
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Drillhole Width Intercept
ID
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BC731 7.8m 7.52 g/t Au from 52.2m
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BC729 5.0m 2.42 g/t Au from 63.0m
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BC732 3.5m 1.70 g/t Au from 65.0m
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BC730 2.1m 5.33 g/t Au from 22.8m
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1.0m 8.80 g/t Au from 53.0m
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BC733 3.4m 3.00 g/t Au & 7.40g/t Ag from 43.7m
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2.0m 15.6 g/t Au & 5.00g/t Ag from 50.0m
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BC734 3.0m 14.77 g/t Au & 20.9g/t Ag from 87m
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BC735 3.4m 2.61 g/t Au & 9.60g/t Ag from 65m
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BC737 2.0m 9.15 g/t Au & 51.0g/t Ag from 87m
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BC736 2.0m 2.47 g/t Au from 123m
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BC738 1.0m 33.1 g/t Au from 93m
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BC739 1.2m 11.0 g/t Au from 14.1m
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1.9m 12.2 g/t Au from 91m
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BC740 1.0m 10.4 g/t Au from 34.5m
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1.5m 14.5 g/t Au from 61.1m
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1.2m 4.52 g/t Au from 97.1m
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BC742 2.2m 19.2 g/t Au from 79.9m
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BC743 0.9m 55.6 g/t Au from 75.0m
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1.8m 10.7 g/t Au from 101.2m
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Surface Trenching
Surface trenching is being carried out to locate the position of the
mineralised north vein below soil cover along strike.
Significant Trench Intercepts
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Trench
ID From To Width Au g/t Ag g/t
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Tr 717 10.0 11.0 1.0 8.70 3
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16.5 17.5 1.0 0.80 7
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17.5 19.0 1.5 2.41 15
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19.0 19.8 0.8 18.7 50
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19.8 20.8 1.0 2.37 13
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20.8 21.8 1.0 2.27 8
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Tr 718 19.8 20.8 1.0 6.40 7
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20.8 21.8 1.0 4.31 12
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21.8 22.8 1.0 4.17 15
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22.8 23.8 1.0 0.47 7
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23.8 25.0 1.2 6.80 4
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The diamond drill core was split using a diamond saw and one half sent for assay at Eurotest Control AD, a laboratory with ISO9000 accreditation in Sofia, Bulgaria. Gold was determined by fire assay and other elements by ICPMS. Control standard and blank samples were introduced on a regular basis.
John Menzies, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information in this release.
"John Menzies"
Chairman & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.