EurOmax commences diamond drilling at Ceovishte project, Serbia

EurOmax commences diamond drilling at Ceovishte project, Serbia

EurOmax Resources Limited announce that it has commenced a 13 square kilometre geophysical program and a 2,500 metre diamond drilling program at Ceovishte to test two large gold bearing breccia bodies.

During 2008 EurOmax completed a detailed mapping and soil geochemistry program defining a 6 kilometer long zone of strongly altered andesite volcanics and intrusives with abundant ancient mine workings. Drilling at the northern end of this trend by EurOmax in 2008 intersected multiple gossan and massive sulphide intervals, one of which reported 12.4 metres at 1.5% copper, 1.4% lead, 0.8% zinc, 62 g/t silver and 1.6 g/t gold. This program also defined a 3 kilometre by 2 kilometre magmatic complex at the southern end of the trend which remained undrilled in 2008. This feature is now the focus of the 2009 exploration program.

The magmatic complex is cored by an altered and brecciated diorite. In the central part of the complex two connected bodies of silica breccia with locally massive gossanous matrix have been mapped at surface and in the sub-surface with IP. Resistivity defines a broad zone of low resistivity consistent with the strong clay alteration mapped at surface.

The South Breccia measures 1200 metres by an average of 400 metres at surface. Geophysics shows a wider body at depth extending to at least 500 metres from surface. This breccia has been worked in ancient times with underground workings and open pits individually up to 300 metres long and more than 70 metres wide. Reconnaissance sampling of float and outcrops within and adjacent to these open pits reports up to 4.1 g/t gold, 124 g/t silver and 0.4% copper. Several 500 metre long drillholes are planned to test the South Breccia. A section with planned drillhole trace through the South Breccia is provided as figure 1.

The second breccia, North Breccia, measures 1,600 metres in length with an average width of 300 metres. At its southern end it is connected to the South Breccia. North Breccia hosts the largest open pits within the licence. Geophysics shows a body in the subsurface with a strong IP response consistent with the surface expression of the gossanous breccia and largest open pits. This feature dips steeply to the east and extends to 700 metres from surface. A section with planned drillhole trace through the North Breccia is provided as figure 2.

The geophysical program continues and is planned to cover the entire 6 kilometre long mineralized belt. A 2,500 metre diamond drilling program has commenced and a second rig is expected on site before the end of September.

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