Patrick Forward, Euromax COO, said of the results: "The Trun resource estimate demonstrates that all the recognised vein sets at the Trun project have mineralisation which is potentially economic and the recommendations of the report demonstrate that further resources can be targeted. The drilling at Ilovitza has effectively constrained the mineralisation to the west and northeast whilst showing a zone of above average grade to the east which remains open down plunge. We are excited by the future exploration potential of the Trun project and satisfied that progress at our flagship Ilovitza project remains on course for a pre-feasibility study later in the year."
Sampling, Analyses and Quality Assurance and Control ("QA/QC")
Drill hole orientations were surveyed at approximately 50 metre intervals. Samples were collected by the Company's geologists in compliance with the Company's standard procedures and in accordance with accepted industry best practice. Samples were collected as half HQ or NQ diamond drill core through the mineralised intervals at three metre lengths and occasionally to a maximum of 4.5 metres to reflect geological boundaries. At the Euromax Strumica sample preparation lab, the half core sample is reduced to -2 millimetre and two 200-gramme samples are split from the whole. One 200-gramme sample is submitted to the Eurotest Control EAD Laboratory (ISO 9001:2008 and ISO 17025 accredited) in Sofia, Bulgaria, for sample preparation, comprising pulverisation to 95% -75 microns, and analysis. Gold analyses were carried out using the fire assay technique with an AAS finish on 30-gramme aliquots. Copper was analysed using AES ICP methods. In addition to the laboratory's internal QA/QC procedures, the Company conducted its own QA/QC with the systematic inclusion of field duplicate samples, blank samples and certified reference samples. The analytical results from the Company's quality control samples have been evaluated and demonstrated to be within acceptable industry standard variances.
Mr Patrick Forward, FIMMM, a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and COO of the Company, approved the scientific technical disclosure in this release and has verified the data included.
About Euromax Resources Ltd.
Euromax is a Canadian exploration and development Company with three main gold and base metal assets in Macedonia, Bulgaria and Serbia. We are focused on identifying, acquiring and developing mineral resources in Southeastern Europe with the objective of becoming a world-class mining company in the region. Our strengths are our local staff, knowledge and technical expertise in Bulgaria, Serbia and Macedonia.
This news release contains forward-looking statements including but not limited to statements regarding drilling and drilling results, the effect of additional on mineral resource estimates, the anticipated effect of completed drill results on the Ilovitza and Trun projects, planned work programs, strategic plans, expected outcomes and geological interpretations by the. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company's current beliefs and assumptions made by the Company, including that the key assumptions and parameters on which such drilling and geological interpretations are based are reasonable and that exploration results will be consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that actual results of exploration activities will be different than anticipated, data and assumptions underlying the drilling and geological interpretations may prove to be inaccurate, incomplete or to have been incorrectly interpreted, delays in receiving assays, the general risk of unexpected variations in mineral resources, and grade or recovery rates. Readers are also encouraged to review all Company documents filed with the securities authorities in Canada, including the Management Discussion and Analysis in respect of the Company's recent financial statements under the heading "Operational and Other Business Risks", which documents describe material factors and assumptions and risks that apply to the forward-looking statements in this release. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
All dollar ($) amounts shown are in US dollars.
To view the Ilovitza drill plan, please visit the following link: http://cnrp.marketwire.com/cnrp_files/20130524-Ilovitza-drill-plan.pdf.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Euromax Resources Ltd.
President & CEO
+44 (0)20 3667 2970
Euromax Resources Ltd.
Investor Relations Manager
+44 (0)20 3667 2970
+44 (0)20 7466 5000
+44 (0)20 7466 5000
+1 (858) 456 7300
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