Issued Capital:
43,199,155 common shares
Stock Exchange
TSX Venture Exchange
Symbol: EOX
VANCOUVER, Aug. 14 /CNW/ - EurOmax Resources Limited ("EurOmax") is pleased to announce the completion of a 2,300 metre diamond drilling program on the Trun property in Bulgaria. The drilling program commenced in April, 2007 with two rigs completing 13 drill holes for 2,300 metres. All holes were drilled in the Nadejda - Toomba - Logo mineralised corridor along the eastern side of the Big Hill intrusive.
Teck Cominco Limited ("Teck Cominco") has the option to earn a 55% interest in the Trun property by spending C$3 million over 4 years. Upon Teck Cominco earning its initial 55% interest, it has the option to increase its interest to 70% by spending an additional C$10 million on the property.
Logo
At Logo, 11 diamond drill holes were targeted on an extensive area of ancient gold workings within a large gold and tungsten soil anomaly (see attached map). The anomaly extends over an area of more than 1,200 metres by 500 metres and is bounded by post-mineral limestone to the north and east. Diamond drilling has tested only the northern portion of the anomaly and intersected a shallowly dipping, low sulphide content quartz vein stockwork up to 180 metres in thickness which is interpreted to continue down dip and along strike below younger cover. Tungsten assays are being carried out in Canada and are pending.
Toomba
Diamond drill hole TC728 was completed to 283 metres. The hole intersected strongly altered quartz-sulfide stockwork and breccia zones in the intervals of 84-113 metres; 127-148 metres; 163 -177 metres and 192-301 metres. Results are pending.
Nadejda
Drill hole TC729 was completed to 229 metres and was drilled towards the southern end of the Nadejda mapped mineralisation. TC729 intersected strongly altered granite with minor sulphides. The high grade results previously reported from trenching remain to be drill tested due to terrain and access issues. Assays are pending.
Geophysical Survey
A geophysical program of induced polarization, resistivity and magnetics which was commenced during May 2007 is now nearing completion.
John Menzies, Chairman & CEO of EurOmax commented, "We are very pleased by the considerable widths of quartz-sulphide stockwork, commonly to the bottom of hole and the significant widths of scheelite mineralisation observed in diamond core. While we were expecting some scheelite there is substantially more in core than in outcrop."
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
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
To view "Trun Project - Logo Geochemistry Drillhole Collars" please see: www.euromaxresources.com/showfile.php?file(equal sign)Trun_Au_W_DDH_Collars.jpg