Business
Trun Gold Exploration Program Commenced
VANCOUVER, April 4 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) is pleased to announce that Pha...
About this update from Euromax Resources Ltd.
[{"type":"text","content":"\n\n\n\nVANCOUVER, April 4 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) is\npleased to announce that Phase 1 of the 2008 exploration program at the Trun\ngold property in western Bulgaria has commenced. Initial drilling of the large\nBig Hill West geophysical target encountered a 161 metre quartz-sulphide vein\nstockwork to the bottom of the hole with disseminated molybdenum. The planned\nprogram will include 4,000 metres of reverse circulation and 1000 metres of\ndiamond drilling plus 25 line kilometres of geophysics (IP, resistivity and\nmagnetics).\n\n\nBig Hill Intrusion\n\n\nExploration will focus on the Logo, Nadejda, 744 and Big Hill West\ntargets.\n\n\nAt Big Hill West, a very strong sub-horizontal resistivity feature\n(present on 6 lines) with moderate chargeability and a coincident high order\ngeochemical anomaly covering an area of 2 kilometres by 1 kilometre has been\nidentified will be tested with drilling.\n\n\nA wide vein breccia gold-tungsten stockwork was drilled at Logo in 2007\nwith encouraging results including 138 metres grading 0.8 g/t gold including\n41 metres grading 1.6 g/t gold to the bottom of the hole TC 726 and 90 metres\ngrading 0.5 g/t gold, 42 metres grading 0.1% WO(3) and 50 metres grading 0.1%\nWO(3) in TC 725. At Nadejda and 744 high grade gold mineralisation was\nreported in trenches. All of these targets are planned for drill testing.\n\n\nA program of 4000 metres of reverse circulation (RC) drilling will be\nfocused on the Big Hill West, 744 and Logo targets with diamond drilling of\nNadejda, Logo and Big Hill West.\n\n\nEight hundred metres of reverse circulation drilling has been completed\nat Big Hill West and 744. Five hundred metres of diamond drilling has been\ncompleted at Big Hill West and Nadejda. Results are pending from this ongoing\ndrilling.\n\n\nK2 Intrusion\n\n\nExploration at K2 has focused on a well-mineralised intrusion covering 4\nkilometres by 2 kilometres. Earlier trenching by Euromax reported 40 metres of\n4.3 g/t gold and 257 g/t silver and 24 metres of 3.56 g/t gold and 18.5 g/t\nsilver. Follow-up drilling returned results including 108 metres at 0.8 g/t\ngold and 18 metres of 1 g/t gold and 163 g/t silver. A program of geophysics\nand diamond drilling is planned.\n\n\nTeck Cominco Limited ("Teck Cominco") has the option to earn a 55%\ninterest in the Trun...