Drilling at Breznik Intersects High Gold Grades

    
    /THIS NEWS RELEASE AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR
    DISTRIBUTION IN THE UNITED STATES/
    

VANCOUVER, Nov. 12 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) ("EurOmax") is pleased to announce high grade gold results from recent diamond drilling at Breznik including 2 metres at 19.9 g/t gold and 23 g/t silver followed by 2.8 metres at 12.4 g/t gold and 4 g/t silver and 1 metre at 43 g/t gold and 12 g/t silver.

Diamond drillholes BC991 and BC 992 were drilled to obtain samples for metallurgical testwork. Earlier testwork reported good recoveries of gold and silver to a sulphide concentrate. Diamond drillhole BC 993 was drilled to test the mineralised structures well below the depth of previous drilling and intersected mineralisation 250 metres down dip from surface and visually similar to that previously drilled. As is common for high grade gold mineralization grades can be quite variable and the presence of gold at depth in BC 993 is very encouraging.

More than 2 kilometers of the mapped strike of the vein system remains untested. The high grade zone, with an average width of 2 metres, has now been traced over nearly 1000 metres and up to 150 metres down dip from surface. The high grade zone remains open at depth.

Results from the three diamond drillholes are listed in the table below using a cut-off grade of 3 g/t gold:

    
                          Breznik Drillhole Results
                    (using a cut-off grade of 3 g/t gold)
    ---------------------------------------------------------------------
    DH ID          From (m)     length (m)      Au (g/t)      Ag (g/t)
    ---------------------------------------------------------------------
    ---------------------------------------------------------------------
    BC 991           43.3            2             19.94          23
                  -------------------------------------------------------
                     47.3          2.8             12.43         3.9
    ---------------------------------------------------------------------
    BC 992           36.2            1             43.00          12
    ---------------------------------------------------------------------
    BC 993          216.1          1.1              3.01          76
    ---------------------------------------------------------------------
    ---------------------------------------------------------------------
    

Diamond drillhole BC 993 intersected a wide zone of elevated lead and zinc mineralisation. Within this zone BC 993 intersected 1.1 metres at 3.01 g/t gold, 76 g/t silver, 1.5% copper, 4.0% lead and 1.4% zinc from 216.1 meters.

Many of the more than 100 drillholes on the property, reported high grade intercepts between 3.0 g/t and 54 g/t gold. EurOmax is now evaluating the potential of the deposit for exploitation of this higher grade material with a low impact underground mining operation.

John C Menzies EurOmax CEO commented "the Breznik gold project continues to produce very high grade results. We will now continue a program to extend the resource along the 2 kilometres of strike which has never been drilled and to infill the 1000 metres of strike previously drilled. A second stage metallurgical testwork program will commence in the coming weeks."

Quality control and Quality Assurance

Drilling was conducted with a diamond drilling rig using PQ core in holes BC991 and BC 992 and NQ core in BC 993. 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 screen fire assay with a four acid digest with an AAS finish. Historic results reported herein were undertaken at EuroTest Control AD an ISO9001 accredited facility in Bulgaria. Quality control standards and blanks were routinely included.

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"
    Chief Executive Officer

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

SOURCE EurOmax Resources Ltd.

For further information: For further information: www.euromaxresources.com, Robert Ferguson, T: (778) 945-2116, r.ferguson@euromaxresources.com


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