Property Map
Euromax has 4 advanced gold and base metal properties, all within Southeastern Europe: Bulgaria, Serbia, and Macedonia. These are mining-friendly regions, open to foreign investment, with a skilled and knowledgeable workforce. Bulgaria is a member of the European Union; Serbia and Macedonia have pending applications.
The infrastructure of this region is extensive. All the properties are easily accessed by paved, gravel and dirt roads; close to power and water in most cases. Heavy rail criss-crosses Southeastern Europe, reaching numerous smelters and several major ports.
BULGARIA
Trun (gold): Intrusion-related gold project on 67 square km on 100% EurOmax exploration license. 98 holes drilled on multiple targets. NI43-101 report dated Jan 31, 2011 outlines an inferred resource of 2.1 million ounces of gold at Logo prospect. Potential to significantly expand this resource through additional exploration.
Breznik (gold/silver): High-grade gold deposit on 19 square km on 100% EurOmax exploration license. 121 holes drilled to end of 2010. NI43-101 report of March 28, 2011 outlines an inferred resource of 0.5 million oz of gold and 2.1 million oz of silver.
MACEDONIA
Ilovitza (copper/gold): Large porphyry copper-gold deposit on five square km on 100% EurOmax licenses. NI 43-101 compliant inferred resources total 303 million tonnes containing 0.23% Cu and 0.32g/t Au (Aug. 2008). 28 holes drilled to October 2011 including drill hole EOIC - 18 that intersected 336 m grading 0.30% Cu and 0.37 g/t Au.
SERBIA
KMC (copper/gold): Large skarn/porphyry copper-gold project on 42 square km on 100% EurOmax exploration license. 40 holes drilled to end of 2010. Drilling highlights from copper-gold skarn: 113 m grading 0.32% Cu and 0.52g/t Au. Drilling highlights from gold skarn: 143 m grading 1.60 g/t.
INFERRED Mineral Resources (Feb. 2011)
| GOLD |
| PROPERTY |
LOCATION |
Inferred |
|
|
Tonnes |
Grade |
Ounces |
|
|
Mt |
g/t |
Moz |
| Trun1,3 |
Bulgaria |
91.2 |
0.70 |
2.10 |
| Ilovitza2,3, |
Macedonia |
303.0 |
0.32 |
2.90 |
| TOTAL GOLD |
|
394.2 |
0.39 |
5.00 |
| COPPER |
| PROPERTY |
LOCATION |
Inferred |
|
|
Tonnes |
Grade |
Ounces |
|
|
Mt |
% |
Mlb |
| Ilovitza2,3 |
Macedonia |
303 |
0.23 |
1,536 |
| TOTAL COPPER |
|
303 |
0.23 |
1,536 |
1.Inferred resources as at January 31, 2011. 2. Inferred resources as at August 7, 2008. 3. Resources are calculated at the following cut-off grades: Trun 0.3 grams per tonne Au; Ilovitza 0.2% Cu.
Mr. Geoffrey S. Carter, P.Eng., Broad Oak Associates, is the qualified person responsible for the resource estimates and is independent of EurOmax Resources. All mineral resource estimates were prepared under Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards (2005) and CIM Best Practice Guidelines for preparing mineral resources and mineral reserves.
