Sep. 14, 2010 (Canada NewsWire Group) --
TSX.V. EOX
Frankfurt. OMZ
VANCOUVER, Sept. 14 /CNW/ - EurOmax Resources Limited (TSX‐V: EOX) ("EurOmax") announces that recent drillhole results have extended the mineralized zone on the Logo and K2 targets at Trun. The drilling at Trun in 2010 was conducted to assist in prioritizing further exploration on the EurOmax's properties after an independent review. The drilling totaled 1,989 metres. The results include 54 metres at 1.15 grams per tonne gold and 0.05% tungsten; 20 metres at 1.45 grams per tonne gold and 0.08 % tungsten and 50 metres at 0.94 grams per tonne gold.
The gold mineralization at Trun indicates the potential for Intrusion Related Gold ("IRG") deposits. A number of IRG deposits have been found in Europe and Asia with similar geological age and setting to Trun including Vasilkovskoe in Kazakhstan, Mokrsko in the Czech Republic and Jilau in Tajikistan. A belt of IRG deposits is located in Alaska where the Fort Knox, Dublin Gulch, Pogo and Donlin Creek deposits are located in the Tintina Gold Belt.
"We are highly encouraged with the results from this recent drill campaign. The current drilling has confirmed the potential for bulk tonnage IRG deposits on the Trun property." said Dimitar Dimitrov, Senior Vice President of Euromax. "All of the targets drilled are still open for expansion. In addition there are a number of other similar targets which have not yet been drilled."
The Logo target has been traced over an area 1,200 metres long by 300 metres wide. The mineralization is a stacked series of sheeted gently dipping zones in hornsfels on the edge of the granite intrusion. The drilling approximates the true thickness of the mineralized zone
Results from the Logo target are summarized in the table below:
| LOGO DRILL RESULTS | |||||||||
|
DDH Number |
Total Depth (m) |
From (m) |
To (m) |
Length (m) |
Gold (g/t) |
Tungsten (%) |
|||
| MTC 1060 | 399 | 78 | 230 | 152 | 0.69 | n/a | |||
| including | 163 | 217 | 54 | 1.15 | 0.05 | ||||
| MTC 1064 | 247 | 3 | 27 | 24 | 0.26 | n/a | |||
| 55 | 163 | 108 | 0.64 | 0.07 | |||||
| including | 111 | 158 | 47 | 0.93 | 0.07 | ||||
| MTC 1067 | 201 | 77 | 97 | 20 | 1.45 | 0.08 | |||
| including | 78 | 90 | 12 | 2.79 | 0.08 | ||||
The K2 target has been traced over a length of 600 metres by 150 metres wide. The mineralization is a stacked series of sheeted gently dipping zones in granite at the edge of the granite intrusion. The drilling approximates the true thickness of the mineralized zones.
| K2 DRILL RESULTS | ||||||
|
DDH Number |
Total Depth (m) |
From (m) |
To (m) |
Length (m) |
Gold (g/t) |
Tungsten (%) |
| MTC 1058 | 145 | ‐ | 99 | 99 | 0.49 | n/a |
| including | 79 | 99 | 20 | 0.90 | n/a | |
| MTC 1059 | 188 | 80 | 91 | 11 | 0.62 | n/a |
| MTC 161 | 117 | 9 | 43 | 34 | 0.28 | 0.04 |
| including | 20 | 34 | 14 | ancient workings | ||
| MTC 1062 | 212 | 0 | 50 | 20 | 0.94 | n/a |
| including | 6 | 13 | 7 | ancient workings | ||
| including | 25 | 37 | 12 | 2.8 | n/a | |
| MTC1063 | 212 | 133 | 147 | 14 | 1.01 | n/a |
| 166 | 191 | 25 | 0.34 | n/a | ||
| MTC 1065 | 212 | 115 | 128 | 13 | 0.42 | n/a |
| 175 | 197 | 22 | 0.43 | n/a | ||
| MTC 1066 | 120 | no significant intercepts | ||||
| MTC 1068 | 148 | no significant intercepts | ||||
Quality control and Quality Assurance
Drilling was conducted using diamond drilling. Diamond drillhole samples were cut at a sample
preparation facility in Bulgaria by EurOmax personnel. Drillhole samples were prepared and assayed by SGS Chelopech at its laboratory in Bulgaria. SGS Chelopech follows SGS Global methods and procedures and has stringent quality control and assurance practices. Quality control samples, both standards and blanks, are routinely submitted. Gold is assayed by a 50 gram fire assay with an AAS finish. Tungsten is assayed as part of the standard 35 element ICP package.
Drillhole location maps are available on the EurOmax website at www.euromaxresources.com
Christopher A. Serin, P.Eng., a qualified person as defined by National Instrument 43‐101, supervised the preparation of the information in this release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On Behalf of the Board of Directors
"Christopher A. Serin"
Interim
Chief Executive Officer
For further information about EurOmax Resources Limited please visit the Company's website: www.euromaxresources.com or contact Christopher Serin at 604‐657‐5364.