First Hole at Rudnitza Completed and Drilling Commences at Ceovishte

    Issued Capital:
    47,222,487  common shares

    Stock Exchange

    TSX Venture Exchange
    Symbol: EOX

    VANCOUVER, Oct. 15 /CNW/ - EurOmax Resources Limited ("EurOmax") is
pleased to announce that drilling of the first diamond drillhole at Rudnitza
has been completed and that drilling has commenced at the Ceovishte property
in Serbia.


    Diamond drillhole, EORC 07-01 at Rudnitza has been completed and is being
logged and cut prior to laboratory submission. This hole was drilled to test
the mineralisation below the zone of most extensive ancient workings. EORC
07-01 was abandoned at 481 metres after drilling problems in a clay zone at
420 metres. The hole intersected a continuous zone from surface to final depth
of quartz and sulphide stockwork and breccia in strongly altered porphyritic
andesite and granodiorite. EORC 07-01 was terminated in strongly siliceous and
sulphidic altered granodiorite. The most intense quartz-sulphide stockwork
veining commenced at surface and extended to 335 metres with vein density
locally exceeding 100 veins per metre and averaging 50-60 veins per metre.
Disseminated pyrite, chalcocite and minor chalcopyrite are widespread below
the base of oxidation. Images of diamond drillcore are available here:


    Diamond drilling has commenced at Ceovishte with a five hole program
planned. Four holes will target a one square kilometre area of ancient mine
workings at Ceovishte where strongly altered andesitic volcanics and
ultramafic intruded by granodiorite bodies host base and precious metal
mineralisation. A secondary target will be carbonate replacement base metal
mineralisation in Triassic rocks immediately beneath the altered volcanics and
ultramafics. Drillhole locations have been selected to test soil geochemical
and magnetic anomalies coincident with alteration and ancient workings.

    John Menzies, Chairman and CEO of EurOmax commented, "the first Rudnitza
hole intersected very intense stockworking and alteration and we are awaiting
results. At Ceovishte we are drilling a large area of alteration and ancient
workings. The geological environment at Ceovishte is similar to the Trepca
base metal deposits, 30 kilometres to the south. Trepca is reported to have
original resources of 60 million tonnes at 10% Pb+Zn and 100 g/t Ag - an
attractive target."

    John Menzies, a qualified person as defined by National Instrument
43-101, supervised the preparation of the information in this release.

    "John Menzies"
    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:,
Tel: +359 2 978 48 80

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890