VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/21/13 -- Euromax Resources Ltd. 21 March 2013 (TSX VENTURE: EOX) (OTCQX: EOXFF): ("Euromax" or the "Company") is pleased to announce 2012 drilling results from its 100% owned Ilovitza project, located in southeast Macedonia. Ilovitza's mineralisation is typical copper gold porphyry mineralisation. In late 2012 Euromax completed a diamond drill core programme comprised of approximately 12,000 metres. Drilling was aimed primarily at providing infill drill data over the central part of the porphyry which had been drilled previously to a nominal 200 metre drill intercept spacing. The programme was designed to improve the resource classification of material within the potassic core of the porphyry, where grades tend to be higher than in the surrounding phyllic zone. An additional two holes were also drilled to explore the potential extensions to mineralisation to the south and southeast of the main identified porphyry body.
Summary of Results
Hole ID From (m) To (m) Length (m) Au (g/t) Cu (%)---------------------------------------------------------------------------- EOIC 1229 0.0 9.0 9.0 0.63 0.02 EOIC 1230 117.0 192.1 75.1 0.38 0.30 EOIC 1231 149.0 261.0 112.0 0.32 0.26 EOIC 1232 10.0 33.5 23.5 0.60 0.15 and 107.2 125.0 17.8 0.60 0.12 EOIC 1233 38.5 50.0 11.5 0.44 0.26 and 208.0 292.0 84.0 0.42 0.12 EOIC 1235 3.5 104.0 100.5 0.32 0.21 and 339.0 455.0 116.0 0.27 0.25 EOIC 1236 14.5 65.0 50.5 0.40 0.14 EOIC 1237 251.8 376.7 124.9 0.48 0.24 EOIC 1238 15.0 236.0 221.0 0.37 0.25 and 248.0 341.0 93.0 0.30 0.20 EOIC 1239 8.0 238.0 230.0 0.37 0.26 EOIC 1241 2.4 178.0 175.6 0.27 0.23 and 333.0 401.3 68.3 0.35 0.19 EOIC 1242 2.2 141.0 138.8 0.54 0.24 and 165.0 212.0 47.0 0.37 0.19 EOIC 1243 161.0 228.3 67.3 0.34 0.19 and 263.0 312.8 49.8 0.30 0.19 EOIC 1244 34.0 280.0 246.0 0.35 0.25 EOIC 1245 41.3 182.0 140.7 0.48 0.24 EOIC 1246 15.0 403.3 388.3 0.48 0.27 EOIC 1248 11.0 104.0 93.0 0.42 0.14 EOIC 1251 65.0 153.0 88.0 0.31 0.27 EOIC 1252a 85.0 142.0 57.0 0.35 0.13 EOIC 1254 6.0 240.0 234.0 0.42 0.18 EOIC 1255 21.0 62.0 41.0 0.42 0.17Intercepts identified using a 0.5 g/t gold equivalent cut-off, goldequivalent based on total recovery and prices as follows: Au $1,400/oz, AgCu $7,500/tonne, maximum 9 metres internal waste allowed.
