EUROPEAN MINERALS (fka EPM.TO)

[Ed Monton]

I liked this bit from the January 15th news release:


Drilling Results at the base of the planned Open Pit

During 2005/2006 most of the Company's drilling focused on infill and condemnation drilling. However diamond drill hole VC32 was drilled to test for a possible down dip extension to deep mineralisation outlined in the Feasibility Resource Model. The hole was drilled to a depth of 352 metres and intersected 28.6 metres (266.9 to 295.5 metres) grading 13.23 g/t gold and 0.61% copper (true width calculated at 23.6 metres). This intercept is located close to the projected base of the main open pit and may continue to depth. Included within this interval is a high grade copper intercept of 12.3 metres averaging 11.66 g/t gold and 1.37% copper which contains a 0.85 metre intercept reporting 69.5g/t gold continuous with a 1.05 metre interval carrying 47.6g/t gold. A one metre intercept within the lower grade copper section reports 176g/t gold. The mineralisation is focused on a footwall limestone contact and is associated with skarn development - a common control to mineralisation at Varvarinskoye and appears open to the North and at depth.

Drill core recovery in VC32 varied between 96% - 100% and 1 metre sample intervals were sent for assay. All assay values quoted are uncut. The assays of the VC32 drill samples were performed at CenterGeoAnalit Karaganda, a well established laboratory nationally accredited