VANCOUVER, Nov. 2 /CNW/ -- EurOmax Resources Limited (TSX-V: EOX) ("EurOmax") is pleased to announce that recent drillhole results have extended the strike of the high grade Breznik gold-silver deposit from 600 metres to nearly 1000 metres. Results from this program include 1 meter at 16.66 g/t gold; 1 meter at 21.11 g/t gold and 12 g/t silver, followed by 1 meter at 12.08 g/t gold, 1 meter at 8.57 g/t gold and 22/t silver; and 6 meters at 5.50 g/t gold.
These drillhole results extend the Breznik high grade mineralized zone by 400 metres to the north-west. More than 2 kilometres of the mapped strike of the vein system remains untested. The high grade zone, with 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. A three hole diamond drilling program recently completed has tested the zone at 250 metres down dip and has intersected visually similar mineralization, results are awaited.
Eleven Reverse Circulation holes, drilled in February 2008 by the previous
owner, have now been assayed by EurOmax. All results are listed in the table
below using a cut-off grade of 3 g/t gold:
Breznik Drillhole Results
(using a cut-off grade of 3 g/t gold)
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DH ID Target From (m) length (m) Au (g/t) Ag (g/t)
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BR 881 Vein 1, east 111 1 8.57 22.0
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BR 882 Vein 3, central 25 1 5.63 4.0
Vein 1, central 79 1 4.09 36.0
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BR 883 Vein 2, central 36 1 5.26 1.0
Vein 1a1 46 1 16.66 1.0
Vein 1, central 109 1 3.83 64.0
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BR 886 Vein 1a3 66 1 7.57 9.0
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BR 887 Vein 1, west 51 1 5.04 2.0
Vein 1, west 55 1 3.96 4.0
Vein 1, west 66 1 21.11 12.0
Vein 1, west 76 1 12.08 4.0
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BR 888 Vein 1, west 55 1 5.40 9.0
Vein 1, west 66 1 3.04 1.0
Vein 1, west 69 6 5.50 6.33
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BR 889 Vein 1, west 85 3 3.58 15.33
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Note: Drillholes BR880, 884, 885 and 890 reported no intercepts above the
3 g/t gold cut-off grade.
The Breznik project has a previously announced JORC (similar to 43-101) resource. The resource is open at depth and along strike to the north-west. The Breznik deposit was previously evaluated for its open pit potential. Many of the more than 100 drillholes on the property, reported high grade intercepts between 3.5 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.
Quality control and Quality Assurance
Drilling was conducted with a reverse circulation drilling rig using a face sampling hammer. Drillhole samples were prepared and assayed by SGS Chelopech laboratory in Bulgaria. SGS Chelopech follows SGS Global methods and procedures and has stringent quality control and assurance practices. Gold was assayed by a 30 gram fire assay with an AAS/ICPOES finish while other elements were assayed by a two acid digest with an ICPOES finish. Higher grades were assayed by a four acid digest with an AAS finish. Historic results reported herein were undertaken at EuroTest Control AD an ISO9001 accredited facility in Bulgaria. Quality control standards and blanks were routinely included. Assay results are consistent with expectations. All reported drilling and sampling reported in this release was supervised by EurOmax personnel.
Qualified Person
John Menzies, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information in this release.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
On Behalf of the Board of Directors
"John C. Menzies"
Chief Executive Officer
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EurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX
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