Euromax completes second hole at Ilovitza porphyry intersecting 514 metre quartz-sulphide stockwork



    VANCOUVER, Feb. 28 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) is
pleased to announce that drilling of the Company's second diamond drillhole,
EOIC 0811, into the Ilovitza porphyry intersected a 514 metre quartz-sulphide
stockwork, intense alteration with disseminated and vein chalcopyrite. The
third hole EOIC 0812 in the centre of the system is drilling ahead at
90 metres.
    John Menzies, Chairman and CEO commented, "EurOmax is excited by these
drillholes as they extend the limits and confirm the geometry of this large
altered and mineralised intrusion. Ilovitza, situated along the crest of a
ridge, is close to paved roads and only 20 kilometres from rail providing easy
access to a deep water port and a smelter."

    Full Press Release & Map:
    http://www.euromaxresources.com/news.php?newsid=231&

    Latest Diamond Drill core Images:
    http://www.euromaxresources.com/index.php?id=92

    At Ilovitza, a copper-gold-molybdenum porphyry has been mapped over an
area of more than one square kilometre where a variably porphyritic dacite is
intruded by a medium grained, strongly altered granodiorite.
    The Company's first diamond drillhole into the intrusion EOIC 0710 was
suspended at 481 metres. This hole intersected quartz-hematite-sulphide
stockwork from 60 metres to the bottom of hole with a vein density ranging
from 30 veins per metre to 150 veins per metre. The copper mineral chalcocite
dominates from 107 to 216 metres with chalcopyrite and molybdenite to the
bottom of hole. Strong magnetite stockwork is developed from 276 metres.
    Drillhole EOIC 0811 was completed to a depth of 519 metres and
encountered strongly altered and stockworked dacite and granodiorite from
surface to the bottom of hole. Chalcopyrite dominates in this hole from
50 metres to 514 metres.
    Both drillholes were planned to a target depth of 600 metres but were
suspended, pending completion with a more powerful rig which is now on site.
    Mapping and careful drillhole logging has now more clearly defined the
extent of the intrusive complex. It now appears to be a near vertical body
approximately 1.2 kilometres in diameter. Drillhole EOIC 0812 has been
collared in the geometric centre of the intrusion and will be drilled
vertically in the area of strongest quartz stockworking and highest surface
gold grades.
    Results for EOIC 0710 ad EOIC 0811 are awaited.

    Latest Project Images

    Images from site operations and drill core are updated regularly on the
EurOmax website.
    Click to see images of Diamond Drill core
(www.euromaxresources.com/index.php?id=92)

    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

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    EurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX
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For further information:

For further information: Canada: Chris Serin Chief Financial Officer T:
(646) 867-3920 - North America, F: (604) 608-3344,
c.serin@euromaxresources.com; www.euromaxresources.com; Europe: John Menzies,
Chairman & CEO, T: (202) 657-5333 - North America, T: +44 20 3239 9272 - UK,
T: +41 44 586 11 19 - Europe, j.menzies@euromaxresources.com, Skype: eox.pr


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