VANCOUVER, Sept. 11 /CNW/ -- EurOmax Resources Limited (TSX-V: EOX) ("EurOmax") is pleased to announce that it has commenced a 13 square kilometre geophysical program and a 2,500 metre diamond drilling program at Ceovishte to test two large gold bearing breccia bodies.
During 2008 EurOmax completed a detailed mapping and soil geochemistry program defining a 6 kilometer long zone of strongly altered andesite volcanics and intrusives with abundant ancient mine workings. Drilling at the northern end of this trend by EurOmax in 2008 intersected multiple gossan and massive sulphide intervals, one of which reported 12.4 metres at 1.5% copper, 1.4% lead, 0.8% zinc, 62 g/t silver and 1.6 g/t gold. This program also defined a 3 kilometre by 2 kilometre magmatic complex at the southern end of the trend which remained undrilled in 2008. This feature is now the focus of the 2009 exploration program.
The magmatic complex is cored by an altered and brecciated diorite. In the central part of the complex two connected bodies of silica breccia with locally massive gossanous matrix have been mapped at surface and in the sub-surface with IP. Resistivity defines a broad zone of low resistivity consistent with the strong clay alteration mapped at surface.
The South Breccia measures 1200 metres by an average of 400 metres at surface. Geophysics shows a wider body at depth extending to at least 500 metres from surface. This breccia has been worked in ancient times with underground workings and open pits individually up to 300 metres long and more than 70 metres wide. Reconnaissance sampling of float and outcrops within and adjacent to these open pits reports up to 4.1 g/t gold, 124 g/t silver and 0.4% copper. Several 500 metre long drillholes are planned to test the South Breccia. A section with planned drillhole trace through the South Breccia is provided as figure 1.
The second breccia, North Breccia, measures 1,600 metres in length with an average width of 300 metres. At its southern end it is connected to the South Breccia. North Breccia hosts the largest open pits within the licence. Geophysics shows a body in the subsurface with a strong IP response consistent with the surface expression of the gossanous breccia and largest open pits. This feature dips steeply to the east and extends to 700 metres from surface. A section with planned drillhole trace through the North Breccia is provided as figure 2.
The geophysical program continues and is planned to cover the entire 6 kilometre long mineralized belt. A 2,500 metre diamond drilling program has commenced and a second rig is expected on site before the end of September.
Website and Image Library
Drill core imagery and website content are updated regularly at www.euromaxresources.com
Quality control and Quality Assurance
Rock chip 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. Assay results are consistent with expectations. Drilling results reported herein were previously reported by EurOmax.
Qualified Person
John Menzies, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information in this release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the operations of EurOmax. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Many of these assumptions are based on factors and events that are not within the control of EurOmax and there is no assurance they will prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of EurOmax to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions, risks related to international operations, actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined and although EurOmax has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. EurOmax does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
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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To view Figures 1 & 2 click the following link:
http://files.newswire.ca/820/EurOmaxFigures0911.pdf
