EUROMAX RESOURCES LIMITED is a Canadian company focused on gold and copper exploration in the resource rich region of Bulgaria, Macedonia and Serbia. Our technical excellence, local expertise and international contacts have made us one of the most successful exploration companies in Southeastern Europe.
Our aim is to explore high-quality, potentially world class gold and copper systems, then partner with local or international companies that have the financial and technical resources to develop them, thereby generating long-term value for EurOmax shareholders.
EurOmax Resources hits 86 metres at 1.76 g/t gold at Trun project
EurOmax Resources (CVE:EOX) (OTCQX:EOXFF) unveiled Tuesday results from the 25 latest drill holes at its Trun gold project in Bulgaria.
Notable results from the Ruy Zone, part of the Big Hill intrusion at the property, included 86 metres at 1.76 grams per tonne (g/t) of gold, starting at surface in diamond drill hole MTC-1174A.
This hole was collared approximately 5 metres west of previously reported hole MTC-1174, which intercepted 87 metres at 2.14 g/t gold, announced last summer.
Hole MTC-11101A in the Ruy Zone area also intersected 26 metres at 1.52 g/t gold.
The company said recent drilling also produced "encouraging" near-surface gold intercepts from the Logo Zone. Diamond drill holes MTC-11115 and MTC-11116 encountered 24.1 metres at 3.03 g/t gold and 25.1 metres at 4.10 g/t gold, respectively.
Both intercepts start at surface, and are along the southwestern margin of the Logo resource area. EurOmax said these results suggest there might be "significant near-surface mineralization" in this area that had previously been overlooked.
"In 2011, we drilled approximately 10,600 meters at Trun, in part to meet drilling requirements in order to apply for a commercial discovery certificate this July," said the company's chief geologist, Dr. Quinton Hennigh.
"Drill results at Trun have continued to produce several significant intercepts, from which we have developed a very focused 6,000 meter drill program for this year.
"The 2012 program is expected to be completed by the end of April, which allows the results to be included in the commercial discovery certificate application."
The commercial discovery certificate application for Trun will include all drilling and metallurgical results to the end of April, a final exploration report, a preliminary scoping study and environmental impact assessment, detailed maps, as well as opinions from various governmental agencies and interested parties.
The formal application will be submitted in early July, the company said, with the documentation expected to be completed by the end of June.
Other results from the Logo Zone, which is also a part of Big Hill, included hole MTC-11113, which returned 26.1 metres at 0.59 g/t gold.
At the Little Hill part of the Trun property, also known as the southern area, hole MTC-11114 at the Zlata zone intersected 28 metres at 1.92 g/t gold, including 3.7 metres at 10.52 g/t gold.
The Zlata Vein was mined to depths of approximately 150 metres and was continuously stoped over a strike length of approximately 1,400 metres. The vein remains open at depth, the company added.
The K2 Zone at Little Hill returned 14.7 metres at 0.58 g/t gold from hole MTC-11100. This hole tested the extension of the K2 Zone, and was the final hole planned for the area.
The geologic setting of mineralization at Trun is similar to that of "tombstone-type" gold deposits in the Tintina Gold Belt of the Yukon and Alaska, including the Ft. Knox gold deposit in Alaska and the Eagle gold deposit in Dublin Gulch, Yukon.
EurOmax has 100 percent control over approximately 67 square kilometres centered on the Big Hill and Little Hill granite intrusions, each with multiple associated gold-in-soil anomalies.
The Canadian company has three core properties in Bulgaria, Serbia and Macedonia.
