EurOmax Resources (TSX-V:EOX) reported that recent drilling at the Breznik Gold-Silver Deposit had more than doubled the strike Zone 1 to 2,200 meters, while also identifying a parallel zone and a third, previously unknown gold-copper target. The Breznik Project is located approximately 35 kilometres west of Sofia, Bulgaria.
Shares in the South-eastern Europe focused explorer tacked on 7% yesterday in response to the positive exploration update.
EurOmax completed 11 diamond drill holes in total, each approximately 100 meters in depth. Results from the program in Zone 1 included 1.3 meters at 8.94 g/t gold; 6.1 metres at 5.38 g/t gold; and 1 metre at 7.23 g/t gold in the previously explored structure. While EurOmax has more than doubled the strike of Zone 1, it still remains open to the west, but rather than outcropping at surface, is below alluvial cover.
Meanwhile in the newly identified parallel Zone 2, results included 4.4 metres at 3.82 g/t gold followed by 1 meter at 6.71 g/t gold and 2 metres at 5.66 g/t gold followed by 1 meter at 4.45 g/t gold. EurOmax has traced mineralization over a strike length of approximately 300 metres and is open at depth and to the east and west.
Finally a exploration hole drilled to the north-east of the Breznik deposit encountered 20,7 meters grading just over 1 gram per tonne gold and .58% copper from 75 meters.
"We are highly encouraged with the results from this recent drill campaign. The discovery of a new parallel Gold/Copper Zone is very exciting and represents the potential to dramatically increase the deposit size at Breznik" stated Dimitar Dimitrov, EurOmax Senior Vice President of Exploration.