VANCOUVER, Oct. 28 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) ("EurOmax") is pleased to announce initial exploration results on the Durlan Potok licence where a 2 kilometre long gold and copper in soil anomaly has been defined.
The 56 square kilometre Durlan Potok lies along the important Bor Fault. Major deposits in the Bor district lie close to this structure.
Durlan Potok is 12 kilometres to the north of the Bor (Bor Deposit, 144 million tonnes at 1.7% copper 1.1 g/t gold, Bor porphyry, 620 million tonnes at 0.62% copper and 0.25 g/t gold)) and Veliki Krivelj (greater than 540 million tonnes at 0.35% copper) mining operations. The 1 billion tonnes Majdanpek deposit (0.62% copper, 0.28 g/t gold) is 20 kilometres to the NNW along the Bor Fault while the 340 million tonne Cerovo porphyry copper-gold deposit (0.32% copper, 0.07 g/t gold) lies two kilometres to the south of the Durlan Potok licence.
Initial wide spaced soil sampling has defined a 2000 metre long soil gold and copper anomaly with peak values of 720 ppb gold and 620 ppm copper. Outcrop within the survey area is poor and limited float sampling has produced encouraging results including one sample which assayed 33% copper, 5.5g/t gold, 160g/t silver, 1.1% lead, 0.4% zinc. This sample had high levels of tin and bismuth suggestive that high sulphidation copper-gold mineralisation may be responsible for the soil anomaly. Other samples had strongly anomalous copper within a 200 metre wide zone of locally intense silica-pyrite mineralisation along the western side of the anomaly.
Drilling by a State mining company during 1980 in the center of the licence to the west of the high grade zone now being evaluated intersected wide intervals of low grade copper mineralisation in strongly silicified and pyritic andesite. The State mining company after drilling 13 diamond drillholes totalling 5,676 metres reported a historical non 43-101 compliant resource of 500 million tonnes at 0.14% copper. EurOmax does not have access to the drillcore but believes the results to be reliable. This low grade mineralisation is open to the east and is of a type typically peripheral to porphyry copper-gold deposits.
Detailed infill soil sampling, mapping and more extensive float geochemistry has been completed and trenching and mapping are now in progress ahead of a planned drilling program later in 2008.
Website and Image Library
Drill core imagery and website content are updated regularly at www.euromaxresources.com
Quality control and Quality Assurance
Soil and rock chip assays are performed at Eurotest AD laboratory in Sofia, Bulgaria, an ISO9001 accredited facility. Gold was assayed by 50 gram fire assay while other elements were assayed using acid digest-ICPMS. No external quality control samples were submitted.
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
EurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX