May 12, 2010 (Canada NewsWire Group) --
TSX.V. EOX
EurOmax Resources Limited announces that it has commenced a diamond drilling program at its Breznik Gold Project inMore than one kilometer of the mapped strike length of the vein system remains untested. This drilling will confirm the potential for the extension of previously identified high grade mineralization to the west. The previously identified mineralization has 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.
Many of the more than 100 drillholes on the property, reported high grade intercepts between 3.0 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.
In 2007, the previous owner of Breznik engaged Ravensgate Pty. Ltd. an Australian independent consulting and resource modeling firm to calculate resources for the Breznik project using open pit mining methods. Ravensgate estimated and categorized the resources using JORC (similar to 43101 guidelines). The insitu resource using a cutoff grade of 0.5 grams per tonne gold was indicated resources of 1,079,000 tonnes grading 2.01 grams per tonne gold and 6.05 grams per tonne silver and inferred resources of 689,000 tonnes grading 1.79 grams per tonne gold and 5.66 grams per tonne silver. This resource was calculated only for the main vein over a strike length of 600 metres to a depth of approximately 100 metres. There are a series of other veins parallel to the main vein. During 2009, EurOmax drilled four holes totaling 522 metres. The results included 2 metres at 19.9 g/t gold and 23 g/t silver followed by 2.8 metres at 12.4 g/t gold and 4 g/t silver and 1 metre at 43 g/t gold and 12 g/t silver.
Drilling was conducted with a diamond drilling rig using PQ core. Drillhole samples were prepared and assayed by SGS Chelopech laboratory in
Christopher A. Serin, P.Eng, a qualified person as defined by National Instrument 43101, supervised the preparation of the information in this release.
About EurOmax Resources Limited
EurOmax Resources Limited is a
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