Euromax Resources Ltd. (TSX VENTURE:EOX) ("Euromax" or the "Company") is pleased
to announce results from drilling at the Medenovac target at KMC located in the
north of the licence area. The KMC project is located in southwest Serbia, some
200 kilometres from the capital Belgrade. The licence covers around 60 square
kilometres and KMC's mineralisation includes thick sequences of gold-copper
skarns, gold skarns, zinc-lead-copper-gold skarns and volcanic hosted gold
mineralised silica breccias.


In 2013 up to 5,000 meters of drilling was planned for the KMC licence area and
the Company is pleased to announce the most recent results from the drilling
programme at Medenovac which confirms the presence of encouraging base metal
mineralisation. Please see the Appendix below for regional maps and a cross
section of the Medenovac target.


Summary of Results:



-----------------------------------------------------------------------
                                 Dip      From        To   Intersection
Hole ID        Azimuth           (m)       (m)       (m)            (m)
-----------------------------------------------------------------------
EOKSC 1362     Vertical          -90      27.0      36.0            9.0
-----------------------------------------------------------------------
and            Vertical          -90     138.6     147.0            8.4
-----------------------------------------------------------------------
EOKSC 1363     Vertical          -90     215.0     240.0           25.0
-----------------------------------------------------------------------
EOKSC 1364     335 degrees      -65     210.0     213.0            3.0
-----------------------------------------------------------------------

----------------------------------------------------------------------------
                              Silver      Lead      Zinc      Gold    Copper
Hole ID        Azimuth         (g/t)       (%)       (%)     (g/t)       (%)
----------------------------------------------------------------------------
                                                        less than         
EOKSC 1362     Vertical         55.5      2.70      0.44      0.05      0.01
----------------------------------------------------------------------------
and            Vertical         21.3      2.36      1.02      0.08      0.01
----------------------------------------------------------------------------
EOKSC 1363     Vertical         22.6      0.97      1.92      0.10      0.03
----------------------------------------------------------------------------
                                                        less than         
EOKSC 1364     335 degrees    109.0      5.27      0.39      0.05      0.01
----------------------------------------------------------------------------
Notes:                                                                      
  1. Intercepts identified using a 0.4 g/t AuEq. Cut-off.                   
  2. Gold equivalent based on total recovery and using prices as follows: Au
     $1,400/oz, Ag $28/oz, Pb $2,000/t, Zn $2,000/t and Cu $7,500/t.        



Commenting on the results, Pat Forward, Chief Operating Officer of the Company
said, "The new holes in the Medenovac target area were designed to test the
strike and dip extents of the base metal mineralisation intercepted in the 2012
drilling campaign. They have confirmed the presence of a significant base metal
mineralisation traced over more than 400 meters vertical extend and at least 300
meters strike. Well defined metal zonation is recorded and the narrow volcanic
hosted subsurface lead-silver dominated mineralisation becomes wider skarn
hosted zinc-gold-copper mineralisation at depth. The mineralisation is open and
further step out drilling will define the zone down dip and along strike."


Sampling, Analyses and Quality Assurance and Control ("QAQC")

Drill hole orientations were surveyed at approximately 50 metre intervals.
Samples were collected by Company geologists in compliance with the Company's
standard procedures and in accordance with accepted industry best practice.
Samples were normally collected through the mineralised intervals at one metre
lengths and occasionally to a maximum of 1.5 metres to reflect geological
boundaries. The samples were submitted to the SGS Laboratory (ISO 9001:2008 and
ISO 17025 accredited) in Sofia, Bulgaria, for sample preparation and analysis.
Gold analyses were carried out using the fire assay technique with an AAS finish
on 30 gramme aliquots. Silver and molybdenum were analysed using AES ICP
methods. In addition to the laboratory's internal QAQC procedures, the Company
conducted its own QAQC 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.


Ilovitza Technical Report filed on Sedar

The Company is also pleased to announce the filing of the NI 43-101 technical
report disclosing the resource estimate announced on 3rd December 2013 for the
Ilovitza project. The Company would like to disclose an adjustment made to the
resource statement for the Ilovitza Project described in the December 3, 2013
press release. The calculated contained gold reported in the resource table in
December 3, 2013 has subsequently been adjusted to correct for an arithmetic
error. The change is not material to subsequent metallurgical, mining and
economic evaluations that will be reported in the Pre-Feasibility Study. Final
resource tables are presented in the Technical Report filed on SEDAR today.


Qualified Person

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, reviewed and approved the scientific or
technical disclosure in this release and has verified the data disclosed.


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
strength is our local staff, knowledge and technical expertise in Macedonia,
Bulgaria and Serbia.


This news release contains forward-looking statements including but not limited
to statements regarding drilling and drilling results and geological
interpretations by the Company for its KMC project. 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, that the
Company will be able to obtain the necessary supplies, equipment, personnel and
any financing required to carry out its planned exploration activities and that
the Company's exploration activities, will proceed as expected. 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,
that the Company will not be able to obtain the necessary supplies, equipment,
personnel and any financing required to carry out its planned exploration
activities and that results of the Company's exploration activities will not be
consistent with the Company's expectations. 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.


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.


To view accompanying Figures 1 and 2, visit the following link:
http://media3.marketwire.com/docs/170114_Appendix.pdf


FOR FURTHER INFORMATION PLEASE CONTACT: 
Euromax Resources Ltd.
Steve Sharpe
President & CEO
+44 (0)20 3667 2970
ssharpe@euromaxresources.co.uk


Euromax Resources Ltd.
Karen Atchison
Investor Relations Manager
+44 (0)20 3667 2970
katchison@euromaxresources.co.uk


Euromax Resources Ltd.
Tom Panoulias
N. American Representative
+1 416 294 5649
tpanoulias@euromaxresources.co.uk
www.euromaxresources.com


Buchanan
Bobby Morse
+44 (0)20 7466 5000
bobbym@buchanan.uk.com


Buchanan
Cornelia Browne
+44 (0)20 7466 5000
corneliab@buchanan.uk.com

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