VANCOUVER, Oct. 14 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) ("EurOmax") is pleased to announce results from recent drilling on the Karavansalija property in Serbia including 235 metres grading 1.08 g/t gold and 120 metres grading 0.55 g/t gold, 0.48% copper and 3.2 g/t silver (1.4g/t gold equivalent, 0.86% copper equivalent).
Results are tabled below:
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Karavansalija Diamond Drillhole Results
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from To Length Au Cu Ag Cu Eq. Au Eq.
(m) (m) (m) (g/t) (%) (g/t) (%) (g/t)
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EOKSC 829 0 96 96 0.60 5.4 0.44 0.70
96 216 120 0.55 0.48 3.2 0.86 1.37
EOKSC 830 51 83 33 0.74 0.56 11.7 1.16 1.84
121 208 87 0.09 0.47 2.0 0.55 0.87
EOKSC 831 208 443 235 1.08 0.68 1.08
incl. 274 417 143 1.61 1.02 1.61
incl. 288 342 54 2.71 1.71 2.71
508 512 4 7.17 4.53 7.17
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Copper and gold equivalent calculations use metal prices of USD 1.25/lb
copper, USD 550/oz gold. USD10/oz silver
Adjustment factors for differences in relative metallurgical recoveries
have not been considered and metallurgical recoveries and net smelter
returns are assumed to be 100%.
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Diamond drillholes EOKSC-0829, 0830 and 0831 were drilled to test 700 metres of strike of the Karavansalija copper-gold skarn. All drillholes encountered garnet-pyroxene skarn and ended in latite dyke. Although no drillholes have fully penetrated the skarn section it is believed that it is at least 500 metres thick. These drillholes were drilled along the southern side of a prominent donut shaped base metal soil geochemical anomaly 3 kilometres across.
1000 metres along strike to the SSW of the western most drillhole EOKSC 0831, which intersected 235 metres grading 1.08 g/t gold, a strong IP geophysical anomaly remains untested and likely represents the continuation of this mineralisation.
Website and Image Library
Drill core imagery and website content are updated regularly at www.euromaxresources.com
Quality control and Quality Assurance
Diamond drillhole samples are cut and crushed at a sample preparation facility in Serbia overseen by EurOmax personnel. Routine assays are undertaken at Eurotest AD laboratory in Sofia, Bulgaria, an ISO9001 accredited facility. Quality control samples, standards and blanks, are routinely submitted. Gold is assayed by a 50 gram fire assay with an AAS finish while copper is assayed by acid digest-ICPMS.
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 -------------------------------------------------------------------------