EurOmax expands porphyry copper-gold zone at Ilovitza project in Macedonia



    VANCOUVER, June 16 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) is
pleased to announce drilling results from three diamond drillholes at the
Ilovitza copper-gold-molybdenum project in Macedonia including 412 metres at
0.51% copper equivalent. Drilling has now defined a 600 metres by 650 metres
mineralized intrusive which remains open to the north, east and south.

    John Menzies, Chairman and CEO commented, "EurOmax is excited by these
    results as they extend the limits, confirm the geometry and grade
    continuity of the granodiorite intrusion. A geophysical program is now
    planned to focus on potential zones of higher grade within and adjacent
    to main intrusion and beneath the lithocap and breccias to the east and
    south which remain untested at depth. Ilovitza is situated along the
    crest of a ridge, is close to sealed roads and 20 kilometres from rail,
    80 kilometres by rail to a deep water port and 350 kilometres by rail to
    a smelter."

    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. Alteration is
predominantly phyllic with potassic alteration at depth in several holes. Vein
densities average approximately 40 veins per meter but are locally greater
than 150 veins per metre. Chalcocite dominates to around 200 metres vertical
depth with chalcopyrite and molybdenum to the bottom of most drill-holes.

    
    -------------------------------------------------------------------------
                     Diamond Drillhole Results - Ilovica
    -------------------------------------------------------------------------
                         Oxide Gold Intercepts

    Drill      Depth   from   to   interval   Gold
    Hole ID     (m)     (m)   (m)    (m)      (g/t)
    ------------------------------------------------
    EOIC 812    680      0    49         49    0.22
    EOIC 811    519      0    52         52    0.37
    EOIC 710    480      4   108        104    0.24


                    Primary Copper-Gold-Moly Intercepts

    Drill      from   to   interval    Cu    Au    Mo     CuEq
    Hole ID     (m)   (m)     (m)      (%)  (g/t)  (%)    (%)
    ----------------------------------------------------------
    EOIC 812    49   465        416   0.24  0.28  0.005   0.51
    EOIC 811    52   519        467   0.20  0.27  0.004   0.43
    EOIC 710   108   480        372   0.20  0.22  0.006   0.45
    

    EurOmax has commissioned Broad Oak Associates of Toronto, Ontario, Canada
to prepare a preliminary NI 43-101 compliant resource calculation. This report
is expected to be completed in the next month.

    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

    Quality control and Quality Assurance
    Diamond drillhole samples are cut and crushed at a sample preparation
facility in Macedonia overseen by EurOmax personnel. Routine assays are
undertaken at Eurotest AD laboratory in Sofia, Bulgaria, an ISO9001 accredited
facility. Quality control samples, standards and blanks, are routinely
submitted. Gold is assayed by a 50 gram fire assay with an AAS finish while
copper is assayed by acid digest-ICPMS.

    Qualified Person
    John Menzies, a qualified person as defined by National Instrument
43-101, supervised the preparation of the information in this release.

    Note: Copper and gold equivalent calculations use metal prices of
USD 1.25/lb copper and USD 550/oz gold. No adjustment has been made for
metallurgical recoveries and net smelter returns both of which are assumed to
be 100%.

    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

    
    -------------------------------------------------------------------------
     EurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX
    -------------------------------------------------------------------------
    





For further information:

For further information: www.euromaxresources.com; Investor Relations:
David Stothard, T: (347) 284-0062, d.stothart@euromaxresources.com


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