Issued Capital:
47,222,487 common shares
Stock Exchange
TSX Venture Exchange
Symbol: EOX
VANCOUVER, Oct. 15 /CNW/ - EurOmax Resources Limited ("EurOmax") is pleased to announce that drilling of the first diamond drillhole at Rudnitza has been completed and that drilling has commenced at the Ceovishte property in Serbia.
Rudnitza
Diamond drillhole, EORC 07-01 at Rudnitza has been completed and is being logged and cut prior to laboratory submission. This hole was drilled to test the mineralisation below the zone of most extensive ancient workings. EORC 07-01 was abandoned at 481 metres after drilling problems in a clay zone at 420 metres. The hole intersected a continuous zone from surface to final depth of quartz and sulphide stockwork and breccia in strongly altered porphyritic andesite and granodiorite. EORC 07-01 was terminated in strongly siliceous and sulphidic altered granodiorite. The most intense quartz-sulphide stockwork veining commenced at surface and extended to 335 metres with vein density locally exceeding 100 veins per metre and averaging 50-60 veins per metre. Disseminated pyrite, chalcocite and minor chalcopyrite are widespread below the base of oxidation. Images of diamond drillcore are available here: http://www.euromaxresources.com/index.php?id(equal sign)92
Ceovishte
Diamond drilling has commenced at Ceovishte with a five hole program planned. Four holes will target a one square kilometre area of ancient mine workings at Ceovishte where strongly altered andesitic volcanics and ultramafic intruded by granodiorite bodies host base and precious metal mineralisation. A secondary target will be carbonate replacement base metal mineralisation in Triassic rocks immediately beneath the altered volcanics and ultramafics. Drillhole locations have been selected to test soil geochemical and magnetic anomalies coincident with alteration and ancient workings.
John Menzies, Chairman and CEO of EurOmax commented, "the first Rudnitza hole intersected very intense stockworking and alteration and we are awaiting results. At Ceovishte we are drilling a large area of alteration and ancient workings. The geological environment at Ceovishte is similar to the Trepca base metal deposits, 30 kilometres to the south. Trepca is reported to have original resources of 60 million tonnes at 10% Pb+Zn and 100 g/t Ag - an attractive target."
John Menzies, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information in this release.
"John Menzies"
Chairman & CEO
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