EurOmax Drilling Confirms Oxide Copper Zone at Kazandol North
TSX.V. EOX
Frankfurt. OMZ
VANCOUVER, Aug. 4 /CNW/ - EurOmax Resources Limited announces that recent drillhole results have confirmed a potential zone of oxide copper mineralization over an area 900 metres long and 400 metres wide at Kazandol North. This drilling was part of a program designed to systematically test the previously mapped copper bearing, shallowly dipping, Kazandol copper zone for five kilometres along strike. The drill program included forty-eight reverse circulation holes totaling 2,342 metres.
"We are obviously pleased with the results that confirm the potential at Kazandol North," said Christopher Serin Interim Chief Executive Officer of EurOmax. "This news closely follows other good news regarding the Ilovitza project and our Breznik property. Our ongoing program evaluating our mineral properties is clearly bearing positive results."
The drill results, which are true thickness, at Kazandol North are summarized in the table below:
KAZANDOL NORTH DRILL RESULTS
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DDH Total Depth From To Length Copper
Number (m) (m) (m) (m) Percent
----------- ----------- ------ ------ ------ -------
EKDR 1030 60 - 18 18 0.37
EKDR 1031 51 - 18 18 0.31
EKDR 1032 45 - 21 21 0.31
EKDR 1033 6 - 6 6 0.53
EKDR 1037 25 - 25 25 0.39
EKDR 1038 81 8 51 43 0.25
including 20 34 14 0.38
EKDR 1039 99 - 44 44 0.29
including 16 29 13 0.56
70 89 19 0.37
EKDR 1040 72 - 6 6 0.50
12 18 6 0.29
23 41 18 0.31
EKDR 1041 36 8 21 13 0.28
EKDR 1042 33 - 8 0 0.42
17 25 8 0.24
EKDR 1044 33 16 25 9 0.62
EKDR 1046 60 2 6 4 0.37
EKDR 1047 72 34 45 11 0.27
EKDR 1048 54 - 44 44 0.37
These results indicate a potential continuity of oxide copper over an area of 900 metres by 400 metres close to surface. The zone of interest at Kazandol North is contained in a sub-horizontal copper zone in greenschist and granite above a thrust fault with un-mineralized granite and gneiss in the lower thrust sheet. Mineralization at Kazandol generally consists of tenorite, a copper oxide and malachite a copper carbonate both readily acid soluble. Previous drilling, at the northern end of this trend reported encouraging results including 47 metres at 0.6% copper from surface beneath wide trench intercepts including 115 meters at 0.6% copper. Management believes that this type of mineralization will be amenable to low cost cathode copper production using a SX-EW method.
The drill program was also focused on identifying a potential extension of this mineralization to the south of the Kazandol North Zone. The drill results, which are true thickness, on Kazandol South are tabulated below.
KAZANDOL SOUTH DRILL RESULTS
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RCDH Total Depth From To Length Copper
Number (m) (m) (m) (m) Percent
----------- ----------- ------ ------ ------ -------
EKDR 1009 87 76 78 2 0.61
EKDR 1010 30 19 21 2 0.37
EKDR 1013 51 11 15 4 0.26
EKDR 1015 105 27 38 11 0.21
EKDR 1020 60 - 13 13 0.16
EKDR 1021 35 8 13 5 0.44
EKDR 1022 47 8 22 14 0.13
EKDR 1026 78 23 38 15 0.14
EKDR 1027 77 - 11 11 0.10
EKDR 1029 60 24 32 0 0.16
The drill results at Kazandol South do not indicate that there is a similar continuity of the mineralization as at Kazandol North. The zone of mineralization at Kazandol South is much narrower, deeper and generally of lower grade than at Kazandol North. Surface exploration in this area however did identify greater primary copper mineralization, chalcopyrite and chalcocite, both copper sulphide minerals. The identification of these minerals indicates a potential deeper primary copper zone which could be the source of a near surface oxide copper zone.
The Kazandol project is located close to a major railroad which connects it to potential copper purchasers in Europe and to the major European port of Thessaloniki for export internationally. The rail also connects to two copper smelters which may be a source of acid for any potential SX-EW operation.
Quality Control and Quality Assurance
Reverse circulation drillhole cuttings were sampled every metre. The samples were split to a size of two kilograms at the drillsite overseen by EurOmax personnel. All samples were analyzed by EurOmax personnel on site using a Niton XL3t handheld XRF analyzer to determine which samples should be sent for assay. Samples with a grade of 1000 ppm copper or greater were sent to the SGS Chelopech laboratory in Bulgaria for preparation and assaying. SGS Chelopech follows SGS Global methods and procedures and has stringent quality control and assurance practices. Quality control samples, standards and blanks, are routinely submitted. Samples were assayed for copper by a 50 gram acid digest AAS finish.
Christopher A. Serin, P.Eng, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information in this release.
About EurOmax Resources Limited
EurOmax Resources Limited is a TSX Venture Exchange Listed company trading under the ticker symbol "EOX". The Company maintains a portfolio of gold and base exploration projects in South Eastern Europe.
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 Christopher Serin at 604-657-5364
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