Issued Capital: 47,222,487 common shares
TSX Venture Exchange
VANCOUVER, Sept. 11 /CNW/ - EurOmax Resources Limited (EurOmax) is
pleased to announce that drilling has commenced at the Ilovitza property in
Macedonia. A 30 line kilometre geophysical program of Induced Polarization,
resistivity and magnetics over the Ilovitza North porphyry and surrounding
alteration system has been contracted.
At Ilovitza a copper-gold stockwork intrusion (Ilovitza North) at least
800 metres long and 400 metres wide intrudes a 1.3 km diameter volcanic
diatreme. Reconnaissance mapping has defined a high sulphidation system
(Ilovitza South), with a prominent alunite-silica lithocap, extending at least
1000 metres to the south of Ilovitza North. Within Ilovitza South vein
stockworks and advanced argillic alteration are locally well developed. In
several locations enargite bearing vuggy silica has been mapped. Sampling of
sulphidic vuggy silica breccia by EurOmax in a small adit at the most southern
outcrop of the high sulphidation system has returned 3.2 g/t gold and 0.4%
The first diamond drill hole planned to a depth of 450 metres, at
Ilovitza South is targeted to intersect the high sulphidation zone 250 metres
below the main stockwork outcrops. This will be the first hole drilled at
Ilovitza South. Subsequent holes are planned in the main Ilovitza North
porphyry to test the potentially higher grade eastern and western portions of
The geophysical program will evaluate the entire intrusive system and
surrounding alteration zone, in particular the prominent alunite-silica
lithocap at Ilovitza South which has widespread artisanal workings and remains
undrilled. A soil geochemistry program has been completed at Ilovitza South.
At the Kazandol oxide-copper property a 1000 metre infil trenching
program has been completed and results are pending.
John Menzies, a qualified person as defined by National Instrument
43-101, supervised the preparation of the information in this release.
Chairman & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: John Menzies, E: email@example.com,
Tel: (604) 669-5999