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07.05.2010
EurOmax Completes Drilling at Kazandol; Forms Committee to Find Additional Directors
EurOmax Completes Drilling at Kazandol; Forms Committee to Find Additional Directors
Vancouver, British Columbia – EurOmax Resources Limited announces that the drilling program announced in January 2010 at its Kazandol Project in Macedonia has been completed. Forty‐eight reverse circulation holes totaling 2,342 metres were drilled in this program. This program was designed to systematically test 5 kilometres of the strike of the previously mapped copper bearing, shallowly dipping, Kazandol copper zone.
EurOmax expects to receive assay results from this drill program during May 2010 at which time they will be announced. These results will provide EurOmax with indications of the potential for defining a copper oxide resource which would be amenable to low cost cathode copper production using a SX‐EW method.
The zone of interest at Kazandol 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 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. Kazandol is located close to a major railroad which connects it to potential copper users in Europe and the major European port of Thessaloniki for export internationally. The rail also connects to two copper smelters which can provide acid for any potential SX‐EW operation.
The Board of Directors has appointed a committee of Mr. Bell, Mr. Mason and Mr. Power to nominate replacement directors. The mandate of this committee is to identify well qualified candidates in order to strengthen the Board of Directors. It is expected that the committee will have found replacement directors prior to the Company’s annual meeting. Once the new board members have been nominated, the board will complete a search for a new Chief Executive Officer.
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. Christopher A. Serin, P.Eng, 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
“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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Vancouver, British Columbia – EurOmax Resources Limited announces that the drilling program announced in January 2010 at its Kazandol Project in Macedonia has been completed. Forty‐eight reverse circulation holes totaling 2,342 metres were drilled in this program. This program was designed to systematically test 5 kilometres of the strike of the previously mapped copper bearing, shallowly dipping, Kazandol copper zone.
EurOmax expects to receive assay results from this drill program during May 2010 at which time they will be announced. These results will provide EurOmax with indications of the potential for defining a copper oxide resource which would be amenable to low cost cathode copper production using a SX‐EW method.
The zone of interest at Kazandol 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 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. Kazandol is located close to a major railroad which connects it to potential copper users in Europe and the major European port of Thessaloniki for export internationally. The rail also connects to two copper smelters which can provide acid for any potential SX‐EW operation.
The Board of Directors has appointed a committee of Mr. Bell, Mr. Mason and Mr. Power to nominate replacement directors. The mandate of this committee is to identify well qualified candidates in order to strengthen the Board of Directors. It is expected that the committee will have found replacement directors prior to the Company’s annual meeting. Once the new board members have been nominated, the board will complete a search for a new Chief Executive Officer.
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. Christopher A. Serin, P.Eng, 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
“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.