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09/12/2011

EurOmax CEO says it has a “substantial inferred resource base” of 5.8Moz gold

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Market: TSX-V
Sector: General Mining
EPIC: EOX
Latest Price: 0.26  (3.92% Ascending)
52-week High: 0.40
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Market Cap: 39.19M
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EurOmax Resources
www.euromaxresources.com

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.

Full EurOmax Resources profile here
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EurOmax Resources confirms oxide copper mineralization zone at Kazandol North

4th Aug 2010, 8:32 pm
EurOmax Resources confirms oxide copper mineralization zone at Kazandol North

EurOmax Resources Limited (TSX VENTURE: EOX), a company that maintains a portfolio of gold and base exploration projects in South Eastern Europe, has confirmed through recent drillhole results a potential zone of oxide copper mineralization over an area 900 metres long and 400 metres wide at Kazandol North.


This drilling was part of a program designed to systematically test the previously mapped copper bearing, shallowly dipping, Kazandol copper zone for five kilometres along strike. The drill program included forty-eight reverse circulation holes totalling 2,342 metres.


"We are obviously pleased with the results that confirm the potential at Kazandol North," said interim CEO of EurOmax Christopher Serin. "This news closely follows other good news regarding the Ilovitza project and our Breznik property. Our ongoing program evaluating our mineral properties is clearly bearing positive results."


The zone of interest at Kazandol North 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. Previous drilling at the northern end of this trend reported encouraging results including 47 metres at 0.6% copper from the surface beneath wide trench intercepts, including 115 meters at 0.6% copper.


EurOmax believes that this type of mineralization will be amenable to low cost cathode copper production using a SX-EW method.


The Kazandol project is located close to a major railroad which connects it to potential copper purchasers in Europe and to the major European port of Thessaloniki for international exports. The rail also connects to two copper smelters, which may be a source of acid for any potential SX-EW operation.

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