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VANCOUVER, Oct. 19 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) ("EurOmax") is pleased to announce that it will have four diamond drill rigs operating on several gold targets. With the completion of geophysical program at Ceovishte, EurOmax will be extending the current drilling program at Ceovishte to include additional targets. EurOmax will be commencing drilling on three additional properties including Karravansalija in Serbia. An update of EurOmax's Serbian properties follows:
As previously announced a 2000 metre diamond drilling program is underway at Ceovishte. Four targets are being tested.
In the southern portion of the licence a large body of silica breccia mapped over a strike of 2.4 kilometres and up to 600 metres wide is being tested with three holes to a planned depth of up to 600 metres. The breccias are host to numerous large ancient open pits and adits which report up to 4.1 g/t gold in chip samples. While the geophysical program was ongoing, drilling of the first two drillholes has intersected up to 380 metres of strongly altered diorite and silica breccia with an average of 5% pyrite with some disseminated chalcopyrite and up to 0.4 metres of massive chalcopyrite.
Four kilometres to the north in the Vlakh area, a strong IP anomaly will be tested with a single 300 metre diamond drillhole. This hole is being drilled from the site of drillhole CS0810 drilled in 2008. This vertical hole failed to reach its target depth due to downhole technical issues but did intersect 12.4 metres grading 1.5% copper, 1.4% lead, 0.8% zinc, 62 g/t silver and 1.6 g/t gold in massive sulphides just above the bottom of hole. Interpretation of the recent geophysics suggests that CS0810 was terminated 50 metres above the core of a strong IP geophysical feature.
The previously announced 16 square kilometres dipole-dipole IP and resistivity geophysical program is nearing completion. Along the western side of the survey area a new 1.5 kilometre long geophysical feature with strong IP and low resistivity has been delineated. This feature widens at depth to more than 500 metres. Outcrop in this area is exclusively serpentinite, however to the south and north lower Triassic carbonates outcrop. Serpentinite above this feature is strongly veined with disseminated sulphides and host ancient open pits with abundant lead and zinc mineralization. This feature is interpreted as either a large intrusion or a lead-zinc replacement deposit within the lower Triassic carbonates. This is a very favourable geological and structural environment for such deposits in the region with the largest being the Trepcha deposit 30 kilometres to the south with reported resources of 150 million tonnes grading 10% combined lead and zinc.
Three diamond drillholes are planned for a total of 1000 metres on the Karavansalija property.
To the south of the main Karavansalija skarn zone where EurOmax previously reported results including 235 metres grading 1.08 g/t gold and 120 metres grading 0.55 g/t gold, 0.48% copper and 3.2 g/t silver in a mapped zone of ancient gold workings is an additional zone which was not previously the focus of exploration. This zone lies above the 500 metre wide silica breccia diatreme where EurOmax has previously reported 42 metres at 2.05 g/t gold, 0.76% nickel and 0.06% cobalt included in 111 metres at 1.30g/t gold, 0.43% nickel, 0.03% cobalt. This zone will be tested with two diamond drillholes.
A structurally complex area within the large Shanantz copper-gold system has been identified with coincident ancient lead-silver workings and strong lead soil geochemistry. Two vertical drillholes, 800 metres apart with low grade gold mineralization over more than 200 metres deep, 265 metres grading 0.5 grams per tonne in hole KS832 and 167 metres grading 0.4 grams per tonne in hole KS724, straddle this structurally complex area. The target is interpreted as a zone of possible high fluid flow and higher grade gold skarn mineralization. In a similar environment at Madenovetz 10 kilometres to the north of Shanatz, high grade copper-gold-lead-zinc was intersected under strong surface lead-zinc-silver vein stockworks. A 600 metre angled diamond drillhole is planned to test this area.
Drill hole location maps and core photo images are available for all projects on EurOmax's website at www.euromaxresources.com
Diamond drillhole samples are cut and crushed at a sample preparation facility in Serbia overseen by EurOmax personnel. Routine assays are undertaken at Eurotest AD laboratory in Sofia, Bulgaria, an ISO9001 accredited facility. Quality control samples, standards and blanks, are routinely submitted. Gold is assayed by a 50 gram fire assay with an AAS finish while copper is assayed by acid digest-ICPMS.
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
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, firstname.lastname@example.org