Business
Update on Trun Exploration Program
Update on Trun Exploration Program.
About this update from Euromax Resources Ltd.
[{"type":"text","content":"\n\n\n\nIssued Capital:\n\n\n43,199,155 common shares\n\n\nStock Exchange\n\n\nTSX Venture Exchange\n\n\nSymbol: EOX\n\n\nVANCOUVER, Aug. 14 /CNW/ - EurOmax Resources Limited ("EurOmax") is\npleased to announce the completion of a 2,300 metre diamond drilling program\non the Trun property in Bulgaria. The drilling program commenced in April,\n2007 with two rigs completing 13 drill holes for 2,300 metres. All holes were\ndrilled in the Nadejda - Toomba - Logo mineralised corridor along the eastern\nside of the Big Hill intrusive.\n\n\nTeck Cominco Limited ("Teck Cominco") has the option to earn a 55%\ninterest in the Trun property by spending C$3 million over 4 years. Upon Teck\nCominco earning its initial 55% interest, it has the option to increase its\ninterest to 70% by spending an additional C$10 million on the property.\n\n\nLogo\n\n\nAt Logo, 11 diamond drill holes were targeted on an extensive area of\nancient gold workings within a large gold and tungsten soil anomaly (see\nattached map). The anomaly extends over an area of more than 1,200 metres by\n500 metres and is bounded by post-mineral limestone to the north and east.\nDiamond drilling has tested only the northern portion of the anomaly and\nintersected a shallowly dipping, low sulphide content quartz vein stockwork up\nto 180 metres in thickness which is interpreted to continue down dip and along\nstrike below younger cover. Tungsten assays are being carried out in Canada\nand are pending.\n\n\nToomba\n\n\nDiamond drill hole TC728 was completed to 283 metres. The hole\nintersected strongly altered quartz-sulfide stockwork and breccia zones in the\nintervals of 84-113 metres; 127-148 metres; 163 -177 metres and 192-301\nmetres. Results are pending.\n\n\nNadejda\n\n\nDrill hole TC729 was completed to 229 metres and was drilled towards the\nsouthern end of the Nadejda mapped mineralisation. TC729 intersected strongly\naltered granite with minor sulphides. The high grade results previously\nreported from trenching remain to be drill tested due to terrain and access\nissues. Assays are pending.\n\n\nGeophysical Survey\n\n\nA geophysical program of induced polarization, resistivity and magnetics\nwhich was commenced during May 2007 is now nearing completion.\n\n\nJohn Menzies, Chairman & CEO of EurOmax commented, "We are very pleased\nby the ...