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