Trun gold-tungsten exploration results



    VANCOUVER, Oct. 22 /CNW/ - EurOmax Resources Limited (TSX-V: EOX)
("EurOmax") is pleased to announce results from diamond drilling and
geophysical programs at the Trun property in Bulgaria. Drilling at Logo
encountered a 180 metre thick stockwork zone with gold and tungsten
mineralisation including:

    
    -  138 metres grading 0.8 g/t gold including 41 metres grading 1.6 g/t
       gold to bottom of hole TC 726
    -  120 metres grading 0.6 g/t gold including 16 metres grading 1.8 g/t
       gold and 15 metres grading 0.1% WO(3) in TC 719
    -  17 metres grading .3% WO(3) in TC 722
    -  90 metres grading 0.5 g/t gold, 42 metres grading 0.1% WO(3) and
       50 metres grading 0.1% WO(3) in TC 725
    

    Trenching at the 744 Prospect along the western side of the Big Hill
intrusion has returned:

    
    -  20.5 metres grading 4.3 g/t Au, including 10.2 metres grading
       8.3 g/t Au.


    -----------------------------------------------
    Table of Logo Gold and Tungsten Drill Results
    -----------------------------------------------
    Drill hole  From   To   Length    Au,   WO(3)
        No.     (m)    (m)    (m)   (g/t)    (%)
    -----------------------------------------------
      TC 717   20.8   22.3    1.5    5.80
      TC 718     28   34.1    6.1    7.84
               80.1    106   25.9    0.60
      TC 719      0   12.2   12.2    0.98
                 44  164.7  120.7    0.63
       incl.  124.4  140.7   16.3    1.83
              142.5  158.0   15.5           0.09
      TC 720      0   20.7   20.7    0.61
                125  143.8   18.8    0.37
      TC 722   24.3     32    7.7    0.57
               66.6  104.2   37.6    0.46
               94.0  111.3   17.3           0.32
               96.0  107.5   11.5           0.48
      TC 723   22.6    102   79.4    0.37
       incl.  118.4  140.4   22.0           0.08
      TC 724      0   18.5   18.5    0.73
              156.6  197.5   40.9    0.40
              156.6  203.5   46.9           0.09
              197.5  203.5    6.0           0.29
      TC 725     17   46.4   29.4    0.24
               54.8  145.3   90.5    0.47
                0.0   42.0   42.0           0.14
       Incl.   10.6   25.0   14.4           0.24
               95.0  145.3   50.3           0.08
      TC 726   82.5  220.9  138.4    0.79
       incl.    178  219.5   41.5    1.64
      TC 727      0   13.2   13.2    0.38
    -----------------------------------------------
    

    The geophysical program has defined a broad zone of low resistivity and
weak chargeability at Logo consistent with the drill results but covering an
area of 600 metres by 1500 metres and open at depth. At Big Hill a strong
sub-horizontal resistivity feature with moderate chargeability and with a
coincident high order geochemical anomaly covers an area of 2 kilometres by 1
kilometre. This feature is modeled as a massive silica zone at the top of an
unexposed intrusion at shallow depth.

    Logo

    Eleven diamond drill holes were targeted on a 1,200 metre by 500 metre
gold and tungsten soil anomaly (see attached map). The anomaly is truncated by
post-mineral limestone to the north, south and east. Diamond drilling has
tested only the northern portion of the anomaly and intersected a 180 metre
thick, shallowly dipping, low sulphide content quartz-carbonate vein stockwork
along the contact of a shallowly dipping granite. The stockwork zone is
interpreted to continue down dip and along strike below younger cover.
    After receipt of assays it has become clear that the best tungsten
mineralisation occurs on the contact with the underlying granite with a gold
stockwork zone above and partially overlapping it. Only drill holes TC 720 and
TC 722 were drilled to the contact.

    744 Prospect

    A trenching program along the western side of the Big Hill intrusion has
commenced to test a 1000 metre by 300 metre strong gold soil anomaly. The 42
metre long T774 trench returned an intercept of 20.5 metres grading 4.3 g/t
Au, including 1.2 metres grading 8.3 g/t Au.

    Toomba

    Diamond drill hole TC 728 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.
Gold results were low.

    Nadejda

    Drill hole TC 729 was completed to 229 metres and was drilled towards the
southern end of the Nadejda mapped mineralisation. TC 729 intersected strongly
altered granite with minor sulphides with low gold grades. The high grade
results previously reported from trenching remain to be drill tested due to
terrain and access issues.

    Geophysics

    A 30 line km IP, resistivity and magnetic survey was completed and
preliminary results are encouraging defining two large anomalies related to
known gold and gold and tungsten mineralisation.
    At Logo a low resistivity - weakly chargeable zone 600 metres wide and
1,500 long above a more resistive intrusive coincides with the Logo
mineralised stockwork. The geophysical target dips at 20 degrees to the east,
is open at depth and is obscured by younger cover to the north, east and
south.
    Within the Big Hill intrusion a strong sub-horizontal resistivity feature
(+4000 - 5000 ohmm) which is moderately chargeable covers an area of 2
kilometres by 1 kilometre. This feature is persistent on several lines and
does not outcrop but is in good correlation with strong gold soil anomalies.
The higher gold grades around the periphery of the Big Hill feature including
Nadejda and the 744 Prospect could be interpreted as narrow silica lenses
above a more massive silica body.
    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.

    John Menzies, Chairman and CEO of EurOmax commented, "These results are
    significant and test only the central portion of the geochemical
    anomalies at Logo. The geophysics at Logo correlates well with drill
    results and surface geochemistry suggesting mineralisation extends well
    beyond the drilled area. The Big Hill geophysical target is very large,
    correlates well with geology and geochemistry and appears to be related
    to the highest grade outcrops. We are looking forward to further drilling
    in the 2008 field season."

    Tungsten Uses and Price

    Tungsten is a whitish-gray metal with many unique properties and a wide
variety of commercial, industrial, and military applications. The leading use
is as tungsten carbide in cemented carbides, which are wear-resistant
materials used by the construction, metalworking, mining, and oil and gas
drilling industries.
    Ammonium paratungstate (APT) is the most widely traded primary tungsten
material, and as a result, its price has become a reference price for tungsten
ore concentrates. Tungsten prices are quoted per metric tonne unit ("MTU" - 10
kilograms) of contained tungsten trioxide (WO3). Tungsten prices are currently
strong and have remained over $US 220/MTU (USD 22/kg) for APT (ammonium
paratungstate) throughout 2007. Material with a grade of 0.1% WO3 contains 0.1
MTU.

    Quality control and Quality Assurance

    Routine assays are undertaken at Eurotest AD laboratory in Sofia,
Bulgaria, an ISO9001 accredited facility. Quality control samples are
routinely submitted pursuant to the project quality assurance - quality
control protocol. Gold is assayed by a 50 gram fire assay while tungsten is
assayed by fusion - ICPMS. Duplicates and 1/4 core were submitted to ALS
Chemex for check assay.

    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

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




For further information:

For further information: Canada: Chris Serin, Chief Financial Officer,
T: (604) 925-6730, euromax@euromaxresources.com, www.euromaxresources.com;
Europe: John Menzies, Chairman & CEO, T: +359 2 978 4880,
corp-gen@euromaxresources.com


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