EurOmax Resources (OTC Other: EOXFF; TSX-V: EOX) has initiated its 2011 exploration programs on four of its advanced stage projects in Southeastern Europe. In short and in addition to it geophysical work, the Company expects to drill more than 10,000 metres in total, which should provide plenty of news between now and the end of the year.
In terms of drilling, EurOmax will drill approximately 4,000 metres at its 100% controlled Trun Gold Project in Bulgaria, the purpose of which is to test the extensions of the Logo resource and the K2 zone along with at least six untested gold in soil anomolies. Similarly, the Company expects to drill 4,000 metres at its Ilovitza Copper-Gold Porphyry project in Macedonia, the purpose of which is to increase the confidence level in the quality and consistency of the current resource and to step out where the system remains open.
An extensive geophysical program is planned for KMC to identify a potential buried intrusion as well as additional skarn and breccia drill targets. Pending results of the geophysical, a 2,500 metre drill program is being planned. And at the Company’s 100% controlled Breznik Gold-Silver Project in Bulgaria, IP resistivity and magnetics surveys were recently completed testing areas believed to be underlain by a porphyritic intrusion.
That’s four advanced stage projects, all of which are being explored and developed in 2011. We definitely look forward to the upcoming results between now and the end of the year, should be exciting.