Business
First Hole at Rudnitza Completed and Drilling Commences at Ceovishte
First Hole at Rudnitza Completed and Drilling Commences at Ceovishte.
About this update from Euromax Resources Ltd.
[{"type":"text","content":"\n\n\n\nIssued Capital:\n\n\n47,222,487 common shares\n\n\nStock Exchange\n\n\nTSX Venture Exchange\n\n\nSymbol: EOX\n\n\nVANCOUVER, Oct. 15 /CNW/ - EurOmax Resources Limited ("EurOmax") is\npleased to announce that drilling of the first diamond drillhole at Rudnitza\nhas been completed and that drilling has commenced at the Ceovishte property\nin Serbia.\n\n\nRudnitza\n\n\nDiamond drillhole, EORC 07-01 at Rudnitza has been completed and is being\nlogged and cut prior to laboratory submission. This hole was drilled to test\nthe mineralisation below the zone of most extensive ancient workings. EORC\n07-01 was abandoned at 481 metres after drilling problems in a clay zone at\n420 metres. The hole intersected a continuous zone from surface to final depth\nof quartz and sulphide stockwork and breccia in strongly altered porphyritic\nandesite and granodiorite. EORC 07-01 was terminated in strongly siliceous and\nsulphidic altered granodiorite. The most intense quartz-sulphide stockwork\nveining commenced at surface and extended to 335 metres with vein density\nlocally exceeding 100 veins per metre and averaging 50-60 veins per metre.\nDisseminated pyrite, chalcocite and minor chalcopyrite are widespread below\nthe base of oxidation. Images of diamond drillcore are available here:\nhttp://www.euromaxresources.com/index.php?id(equal sign)92\n\n\nCeovishte\n\n\nDiamond drilling has commenced at Ceovishte with a five hole program\nplanned. Four holes will target a one square kilometre area of ancient mine\nworkings at Ceovishte where strongly altered andesitic volcanics and\nultramafic intruded by granodiorite bodies host base and precious metal\nmineralisation. A secondary target will be carbonate replacement base metal\nmineralisation in Triassic rocks immediately beneath the altered volcanics and\nultramafics. Drillhole locations have been selected to test soil geochemical\nand magnetic anomalies coincident with alteration and ancient workings.\n\n\nJohn Menzies, Chairman and CEO of EurOmax commented, "the first Rudnitza\nhole intersected very intense stockworking and alteration and we are awaiting\nresults. At Ceovishte we are drilling a large area of alteration and ancient\nworkings. The geological environment at Ceovishte is similar to the Trepca\nbase metal deposits, 30 kilometres to the south. Trepca is reported to...