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13.05.2010
EurOmax Commencing Drilling at Breznik to Extend Mineralization
EurOmax Commencing Drilling at Breznik to Extend Mineralization
May 12, 2010 - Vancouver, British Columbia – EurOmax Resources Limited announces that it has commenced a diamond drilling program at its Breznik Gold Project in Bulgaria. This program which will total seven holes and approximately 1,000 metres is designed to test the continuation of the currently identified mineral resource. If successful, this drilling will double the strike length of mineralization at the Breznik project. Once this drilling is completed EurOmax intends to apply for a Commercial Discovery Certificate under Bulgarian mining law.
More than one kilometer of the mapped strike length of the vein system remains untested. This drilling will confirm the potential for the extension of previously identified high grade mineralization to the west. The previously identified mineralization has an average width of 2 metres, has now been traced over nearly 1000 metres and up to 150 metres down dip from surface. The high grade zone remains open at depth.
Many of the more than 100 drillholes on the property, reported high grade intercepts between 3.0 g/t and 54 g/t gold. EurOmax is now evaluating the potential of the deposit for exploitation of this higher grade material with a low impact underground mining operation.
In 2007, the previous owner of Breznik engaged Ravensgate Pty. Ltd. an Australian independent consulting and resource modeling firm to calculate resources for the Breznik project using open pit mining methods. Ravensgate estimated and categorized the resources using JORC (similar to 43-101 guidelines). The in-situ resource using a cut-off grade of 0.5 grams per tonne gold was indicated resources of 1,079,000 tonnes grading 2.01 grams per tonne gold and 6.05 grams per tonne silver and inferred resources of 689,000 tonnes grading 1.79 grams per tonne gold and 5.66 grams per tonne silver. This resource was calculated only for the main vein over a strike length of 600 metres to a depth of approximately 100 metres. There are a series of other veins parallel to the main vein. During 2009, EurOmax drilled four holes totaling 522 metres. The results included 2 metres at 19.9 g/t gold and 23 g/t silver followed by 2.8 metres at 12.4 g/t gold and 4 g/t silver and 1 metre at 43 g/t gold and 12 g/t silver.
Drilling was conducted with a diamond drilling rig using PQ core. Drillhole samples were prepared and assayed by SGS Chelopech laboratory in Bulgaria. SGS Chelopech follows SGS Global methods and procedures and has stringent quality control and assurance practices. Gold was assayed by a 30 gram fire assay with an AAS/ICPOES finish while other elements were assayed by a two acid digest with an ICPOES finish. Higher grades were assayed by a screen fire assay with a four acid digest with an AAS finish. Quality control standards and blanks were routinely included.
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 Toronto 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 the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
“Christopher A. Serin”
Director
For further information about EurOmax Resources Limited please visit the Company’s website: www.euromaxresources.com or contact Robert Ferguson at 604.999.5546.
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May 12, 2010 - Vancouver, British Columbia – EurOmax Resources Limited announces that it has commenced a diamond drilling program at its Breznik Gold Project in Bulgaria. This program which will total seven holes and approximately 1,000 metres is designed to test the continuation of the currently identified mineral resource. If successful, this drilling will double the strike length of mineralization at the Breznik project. Once this drilling is completed EurOmax intends to apply for a Commercial Discovery Certificate under Bulgarian mining law.
More than one kilometer of the mapped strike length of the vein system remains untested. This drilling will confirm the potential for the extension of previously identified high grade mineralization to the west. The previously identified mineralization has an average width of 2 metres, has now been traced over nearly 1000 metres and up to 150 metres down dip from surface. The high grade zone remains open at depth.
Many of the more than 100 drillholes on the property, reported high grade intercepts between 3.0 g/t and 54 g/t gold. EurOmax is now evaluating the potential of the deposit for exploitation of this higher grade material with a low impact underground mining operation.
In 2007, the previous owner of Breznik engaged Ravensgate Pty. Ltd. an Australian independent consulting and resource modeling firm to calculate resources for the Breznik project using open pit mining methods. Ravensgate estimated and categorized the resources using JORC (similar to 43-101 guidelines). The in-situ resource using a cut-off grade of 0.5 grams per tonne gold was indicated resources of 1,079,000 tonnes grading 2.01 grams per tonne gold and 6.05 grams per tonne silver and inferred resources of 689,000 tonnes grading 1.79 grams per tonne gold and 5.66 grams per tonne silver. This resource was calculated only for the main vein over a strike length of 600 metres to a depth of approximately 100 metres. There are a series of other veins parallel to the main vein. During 2009, EurOmax drilled four holes totaling 522 metres. The results included 2 metres at 19.9 g/t gold and 23 g/t silver followed by 2.8 metres at 12.4 g/t gold and 4 g/t silver and 1 metre at 43 g/t gold and 12 g/t silver.
Drilling was conducted with a diamond drilling rig using PQ core. Drillhole samples were prepared and assayed by SGS Chelopech laboratory in Bulgaria. SGS Chelopech follows SGS Global methods and procedures and has stringent quality control and assurance practices. Gold was assayed by a 30 gram fire assay with an AAS/ICPOES finish while other elements were assayed by a two acid digest with an ICPOES finish. Higher grades were assayed by a screen fire assay with a four acid digest with an AAS finish. Quality control standards and blanks were routinely included.
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 Toronto 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 the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
“Christopher A. Serin”
Director
For further information about EurOmax Resources Limited please visit the Company’s website: www.euromaxresources.com or contact Robert Ferguson at 604.999.5546.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA29873T1093">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA29873T1093</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.