Tuesday 6th December 2016

Resource Clips


Posts tagged ‘Euromax Resources Ltd (EOX)’

EurOmax reports Bulgaria Assays up to 2.38 g/t Gold, 3,450 g/t Silver over 3m

May 11th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningEurOmax Resources Ltd TSXV:EOX announced assays from the KD and Logo zones of its Trun Project in Bulgaria. Results include

0.71 g/t gold and 974.8 g/t silver over 12.8 metres
(including 2.38 g/t gold and 3,450 g/t silver over 3 metres)
1.25 g/t gold over 20.1 metres
81.3 g/t silver over 52.5 metres
0.86 g/t gold over 22.7 metres
0.83 g/t gold over 23.7 metres
1.07 g/t gold over 20.4 metres
112.6 g/t silver over 21.7 metres
1.37 g/t gold over 19.1 metres
0.55 g/t gold and 62.5 g/t silver over 29.9 metres
1.16 g/t gold over 7.2 metres

Chief Geologist Quinton Hennigh commented, “We are very pleased with results from this high-grade silver shoot at Trun. The KD zone is part of a long list of mineralized zones recognized across this very large project. At least seven significant zones of near-surface gold and/or silver mineralization have now been identified at Trun.”

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Contact:
Mark Gustafson
President/CEO
604.454.8677

by Ted Niles

EurOmax reports Bulgaria Results up to 1.76 g/t Gold over 86m

February 7th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningEurOmax Resources Ltd TSXV:EOX announced assays from its Trun Gold Project in Bulgaria. Highlights include

1.76 g/t gold over 86 metres
(including 4.04 g/t over 11 metres)
4.1 g/t over 25.1 metres
(including 6.57 g/t over 13 metres)
3.03 g/t over 24.1 metres
(including 4.91 g/t over 11.2 metres)
1.52 g/t over 26 metres
1.24 g/t over 15 metres
0.59 g/t over 26.1 metres

Chief Geologist Quinton Hennigh stated, “In 2011 we drilled approximately 10,600 metres at Trun, in part to meet drilling requirements to apply for a commercial discovery certificate this July. Drill results at Trun have continued to produce several significant intercepts, from which we have developed a very focused 6,000-metre drill program for this year. The 2012 program is expected to be complete by the end of April, which allows the results to be included in the commercial discovery certificate application.”

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Contact:
Mark Gustafson
President/CEO
604.454.8677

by Greg Klein

Euromax President Mark Gustafson on Bulgaria assays of 2.14 g/t gold over 87m

June 15th, 2011

“In summary, we have plans for roughly a 4,000-metre drilling program. So there’s a lot of additional drilling to come yet. The results we’ve seen so far would indicate that a whole lot more drilling would be warranted. We’re ecstatic with our 87 metres at 2.14 g/t gold—that certainly exceeded our expectations, and it’ll justify further drilling around that Ruy target area.

“There’s a resource estimate that we put out in February that shows 2.1 million ounces at the Logo Gold Prospect. That’s the northern area, and that’s just the one prospect. Chances are there’s some multiple of that, but it’s too early, and we don’t have enough drilling to justify that.

“With a property like Trun there’s that opportunity to potentially take it to production ourselves. That’s what we’re wrestling with internally—how far do we take it? What do we do with it? We are an exploration company, but how far do we take it up the resource curve? We definitely do need a lot more drilling on it, and the question is do we do it ourselves or bring a partner on board to help us with that. And we have no firm answer to that yet. But it looks encouraging.

“Bulgaria is quite a good place to work. We’ve got our three gold properties there and a host of potential prospects coming. We find it very, very good to work in. It’s an EU country, and our Senior VP Exploration is from there and worked in the government, so we’ve found it very seamless. It’s pretty much everything we were told to expect; they want to do business with you. It’s quite encouraging.”

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