VANCOUVER, Feb. 28 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) is pleased to announce that drilling of the Company's second diamond drillhole, EOIC 0811, into the Ilovitza porphyry intersected a 514 metre quartz-sulphide stockwork, intense alteration with disseminated and vein chalcopyrite. The third hole EOIC 0812 in the centre of the system is drilling ahead at 90 metres.
John Menzies, Chairman and CEO commented, "EurOmax is excited by these drillholes as they extend the limits and confirm the geometry of this large altered and mineralised intrusion. Ilovitza, situated along the crest of a ridge, is close to paved roads and only 20 kilometres from rail providing easy access to a deep water port and a smelter."
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At Ilovitza, a copper-gold-molybdenum porphyry has been mapped over an area of more than one square kilometre where a variably porphyritic dacite is intruded by a medium grained, strongly altered granodiorite.
The Company's first diamond drillhole into the intrusion EOIC 0710 was suspended at 481 metres. This hole intersected quartz-hematite-sulphide stockwork from 60 metres to the bottom of hole with a vein density ranging from 30 veins per metre to 150 veins per metre. The copper mineral chalcocite dominates from 107 to 216 metres with chalcopyrite and molybdenite to the bottom of hole. Strong magnetite stockwork is developed from 276 metres.
Drillhole EOIC 0811 was completed to a depth of 519 metres and encountered strongly altered and stockworked dacite and granodiorite from surface to the bottom of hole. Chalcopyrite dominates in this hole from 50 metres to 514 metres.
Both drillholes were planned to a target depth of 600 metres but were suspended, pending completion with a more powerful rig which is now on site.
Mapping and careful drillhole logging has now more clearly defined the extent of the intrusive complex. It now appears to be a near vertical body approximately 1.2 kilometres in diameter. Drillhole EOIC 0812 has been collared in the geometric centre of the intrusion and will be drilled vertically in the area of strongest quartz stockworking and highest surface gold grades.
Results for EOIC 0710 ad EOIC 0811 are awaited.
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Images from site operations and drill core are updated regularly on the EurOmax website.
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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"
Chairman and CEO
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EurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX
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