Drilling at Breznik Extends Length of High Grade Zone by 120%; Identifies
Parallel Zone and New Gold Copper Target

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX.V. EOX

Frankfurt. OMZ

VANCOUVER, June 24 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) ("EurOmax") is pleased to announce that recent drillhole results have extended the strike of the high grade Breznik gold-silver deposit from nearly 1,000 metres to approximately 2,200 metres. Drilling also identified a parallel zone (Zone 2) to the previously identified high grade gold-silver deposit. A previously unknown Gold - Copper target has also been identified.

In this program a total of 11 diamond drill holes totaling 1,020 were completed.

Results from this program in Zone 1 include 1. 3 meters at 8.94 g/t gold; 6.1 metres at 5.38 g/t gold; and 1 metre at 7.23 g/t gold in the previously explored structure. This structure remains open to the west although it does not outcrop but is below alluvial cover. The results from the drilling in Vein 1 are:

    
                             ZONE 1 DRILL RESULTS
    -------------------------------------------------------------------------
    DDH                     From         To     Length       Gold     Silver
    Number                    (m)        (m)        (m)      (g/t)      (g/t)
    ------------------ ---------- ---------- ---------- ---------- ----------
    BC 1095                 46.0       47.3        1.3       8.94        7.0
                            69.5       82.7       13.2       1.02       14.2
            including       79.7       82.7        3.0       3.37       28.3

    BC 1096                 35.6       41.7        6.1       5.38        3.5
            including       35.6       36.6        1.0      26.60        9.0

    BC 1097                 66.6       73.0        6.4       1.39        7.5
            including       72.0       73.0        1.0       3.64        6.0

    BC 1098                 59.7       63.8        4.1       1.29        8.1
            including       61.7       62.7        1.0       3.19       10.0

    BC 1099                 32.2       35.4        3.2       1.33        9.9

    BC 10100                56.0       57.0        1.0       7.23       46.0
                            61.8       63.4        1.6       3.44       44.0

    BC 10103                            No significant results
    

In parallel Zone 2, results include 4.4 metres at 3.82 g/t gold followed by 1 meter at 6.71 g/t gold and 2 metres at 5.66 g/t gold followed by 1 meter at 4.45 g/t gold. This zone has been traced over a strike length of approximately 300 metres and is open at depth and to the east and west. The results from drilling in Zone 2 are:

    
                               ZONE 2 DRILL RESULTS
    -------------------------------------------------------------------------
    DDH                     From         To     Length       Gold     Silver
    Number                    (m)        (m)        (m)      (g/t)      (g/t)
    ------------------ ---------- ---------- ---------- ---------- ----------
    BC 10100                52.6      101.3       48.7       1.08       11.3
            including       52.6       57.0        4.4       3.82       25.3
                  and       91.4       92.4        1.0       6.71       10.0

    BC 10102                58.8       94.0       35.2       0.66       11.7
            including       58.8       60.8        2.0       5.66        7.5
                  and       90.0       91.0        1.0       4.45      225.0

    BC 10104                26.6       27.6        1.0       4.59       31.0
    

One diamond drill hole was completed on a target north east of the Breznik gold - silver deposit. This drill hole encountered a gold - copper zone including 20.7 metres grading 1.02 g/t gold and 0.58% copper. The results of this hole are:

    
                              NEW ZONE DRILL RESULTS
    -------------------------------------------------------------------------
    DDH                     From         To     Length       Gold     Copper
    Number                    (m)        (m)        (m)      (g/t)        (%)
    ------------------ ---------- ---------- ---------- ---------- ----------
    BC 101050               45.0       95.7       50.7       0.56       0.33
            including       75.0       95.7       20.7       1.02       0.58
    

"We are highly encouraged with the results from this recent drill campaign. The discovery of a new parallel Gold/Copper Zone is very exciting and represents the potential to dramatically increase the deposit size at Breznik" stated Dimitar Dimitrov, EurOmax Senior Vice President of Exploration.

The Breznik Project is located approximately 35 kilometres west of Sofia, the capital city of Bulgaria. The project is accessible by paved roads with access throughout the area by a combination of paved and unpaved roads and tracks. The project area contains gentle to steep hills and is vegetated by plantation pine forests and pastures with the former covering steeper terrain.

Quality control and Quality Assurance

Drilling was conducted using diamond drilling. Drillhole samples were prepared and assayed by SGS Chelopech laboratory in Bulgaria. SGS Chelopech follows SGS Global methods and procedures and has stringent quality control and assurance practices. Gold was assayed by a 30 gram fire assay with an AAS/ICPOES finish while other elements were assayed by a two acid digest with an ICPOES finish. Higher grades were assayed by a four acid digest with an AAS finish. Quality control standards and blanks were routinely included. Assay results are consistent with expectations.

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
    

SOURCE EurOmax Resources Ltd.

For further information: For further information: about EurOmax Resources Limited please visit the Company's website: www.euromaxresources.com or contact Robert Ferguson at 604.999.5546


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890