Euromax Announces Drill Hole at Gradina, KMC, Serbia

Euromax Resources Ltd. (TSXV:EOX, OTCQX:EOXFF) has released positive results from its 2013 diamond drill program at the Gradina target at KMC. The company is working on the southern part of the 23 km KMC licence and is targetting a mineralization that contains thick sequences of gold-copper skarns, gold skarns, zinc-lead-copper-gold skarns and volcanic hosted gold mineralised silica breccias.

According to the company’s press release:

The 2013 drill programme to date comprises four holes. Hole EOKSC 1360 was to test a cluster of breccia pipes mapped at surface in the northern part of the concession but failed to intercept significant mineralisation. EOKSC 1361 was sited at UTM grid position 471761 E, 4765088 N on the Gradina skarn target in the southern part of the concession, which had been well defined with IP/Resistivity and Gravity geophysical surveys. Whilst this first hole failed to intercept significant mineralisation, it did reveal a change in the interpreted dip of the zone and an adjustment of the predicted target position. Holes EOKSC 1361a and 1361b were then drilled at different dips from the same collar position as follow up on the Gradina target and both intercepted significant widths of gold and zinc mineralisation. The Gradina target is now interpreted to link with the Copper Canyon target about 1 kilometre to the East.

Euromax provided investors with a summary of the drill results from the program.

Summary of results

Hole ID	Azimuth of Hole	Dip of Hole	From (m)	To (m)	Intersection (m)	True Width (m)	Au (g/t)	Zn (%)
EOKSC 1361a 1	060 °	-60 °	240.4	278.1	37.7	33.9	0.93	0.51
Including 2	060 °	-60 °	269.0	278.1	9.1	8.2	1.98	1.59
EOKSC 1361a 1	060 °	-60 °	371.0	422.0	51.0	45.9	0.75	0.65
Including 2	060 °	-60 °	371.0	383.0	12.0	10.8	2.27	0.18
EOKSC 1361b 1	062 °	-82 °	433.0	548.0	115.0	103.5	1.75	0.80
Including 2	062 °	-82 °	461.0	543.3	82.3	74.1	2.34	0.76
EOKSC 1361b 1	062 °	-82 °	592.0	642.0	50.0	45.0	5.02	0.54
Including 2	062 °	-82 °	595.0	630.0	35.0	31.5	6.81	0.75
Further including 3	062 °	-82 °	603.5	615.0	11.5	10.4	14.78	1.80