Business
Four rigs drilling EurOmax gold targets
Four rigs drilling EurOmax gold targets
About this update from Euromax Resources Ltd.
[{"type":"text","content":"\n\n\n\nOct. 19, 2009 (Canada NewsWire Group) -- VANCOUVER, Oct. 19 /CNW/ -- EurOmax Resources Limited (TSX-V: EOX) (\"EurOmax\") is pleased to announce that it will have four diamond drill rigs operating on several gold targets. With the completion of geophysical program at Ceovishte, EurOmax will be extending the current drilling program at Ceovishte to include additional targets. EurOmax will be commencing drilling on three additional properties including Karravansalija in Serbia. An update of EurOmax's Serbian properties follows:CeovishteAs previously announced a 2000 metre diamond drilling program is underway at Ceovishte. Four targets are being tested.In the southern portion of the licence a large body of silica breccia mapped over a strike of 2.4 kilometres and up to 600 metres wide is being tested with three holes to a planned depth of up to 600 metres. The breccias are host to numerous large ancient open pits and adits which report up to 4.1 g/t gold in chip samples. While the geophysical program was ongoing, drilling of the first two drillholes has intersected up to 380 metres of strongly altered diorite and silica breccia with an average of 5% pyrite with some disseminated chalcopyrite and up to 0.4 metres of massive chalcopyrite.Four kilometres to the north in the Vlakh area, a strong IP anomaly will be tested with a single 300 metre diamond drillhole. This hole is being drilled from the site of drillhole CS0810 drilled in 2008. This vertical hole failed to reach its target depth due to downhole technical issues but did intersect 12.4 metres grading 1.5% copper, 1.4% lead, 0.8% zinc, 62 g/t silver and 1.6 g/t gold in massive sulphides just above the bottom of hole. Interpretation of the recent geophysics suggests that CS0810 was terminated 50 metres above the core of a strong IP geophysical feature.The previously announced 16 square kilometres dipole-dipole IP and resistivity geophysical program is nearing completion. Along the western side of the survey area a new 1.5 kilometre long geophysical feature with strong IP and low resistivity has been delineated. This feature widens at depth to more than 500 metres. Outcrop in this area is exclusively serpentinite, however to the south and north lower Triassic carbonates outcrop. Serpentinite above this feature is strongly veined with disseminated sulphides and host ancie...