43,199,155 common shares
TSX Venture Exchange
VANCOUVER, Aug. 14 /CNW/ - EurOmax Resources Limited ("EurOmax") is
pleased to announce the completion of a 2,300 metre diamond drilling program
on the Trun property in Bulgaria. The drilling program commenced in April,
2007 with two rigs completing 13 drill holes for 2,300 metres. All holes were
drilled in the Nadejda - Toomba - Logo mineralised corridor along the eastern
side of the Big Hill intrusive.
Teck Cominco Limited ("Teck Cominco") has the option to earn a 55%
interest in the Trun property by spending C$3 million over 4 years. Upon Teck
Cominco earning its initial 55% interest, it has the option to increase its
interest to 70% by spending an additional C$10 million on the property.
At Logo, 11 diamond drill holes were targeted on an extensive area of
ancient gold workings within a large gold and tungsten soil anomaly (see
attached map). The anomaly extends over an area of more than 1,200 metres by
500 metres and is bounded by post-mineral limestone to the north and east.
Diamond drilling has tested only the northern portion of the anomaly and
intersected a shallowly dipping, low sulphide content quartz vein stockwork up
to 180 metres in thickness which is interpreted to continue down dip and along
strike below younger cover. Tungsten assays are being carried out in Canada
and are pending.
Diamond drill hole TC728 was completed to 283 metres. The hole
intersected strongly altered quartz-sulfide stockwork and breccia zones in the
intervals of 84-113 metres; 127-148 metres; 163 -177 metres and 192-301
metres. Results are pending.
Drill hole TC729 was completed to 229 metres and was drilled towards the
southern end of the Nadejda mapped mineralisation. TC729 intersected strongly
altered granite with minor sulphides. The high grade results previously
reported from trenching remain to be drill tested due to terrain and access
issues. Assays are pending.
A geophysical program of induced polarization, resistivity and magnetics
which was commenced during May 2007 is now nearing completion.
John Menzies, Chairman & CEO of EurOmax commented, "We are very pleased
by the considerable widths of quartz-sulphide stockwork, commonly to the
bottom of hole and the significant widths of scheelite mineralisation observed
in diamond core. While we were expecting some scheelite there is substantially
more in core than in outcrop."
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.
To view "Trun Project - Logo Geochemistry Drillhole Collars" please see:
For further information:
For further information: John Menzies, Email:
firstname.lastname@example.org, Tel: (604) 669-5999