EurOmax Appoints Quinton Hennigh as Chief Geologist
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/09/12 -- EurOmax Resources Ltd. (TSX VENTURE:EOX)(PINKSHEETS:EOXFF) ("EurOmax" or "the Company") is pleased to announce that Dr. Quinton Hennigh has been appointed Chief Geologist of the Company effective immediately. Since November 2010, Dr. Hennigh has been a technical advisor to the Company, during which time he has been instrumental in advising management and the board of directors, participating in technical meetings, and in leading property tours. As the Chief Geologist for EurOmax, Dr. Hennigh will provide focus and direction for the Company's ongoing exploration programs in Bulgaria, Serbia, and Macedonia.
"Quinton is an expert geologist with a history of successful gold exploration programs," commented Mark Gustafson, President & Chief Executive Officer of EurOmax. "Quinton is responsible for revitalizing exploration at the Springpole gold project in Ontario for Gold Canyon Resources, contributing to three significant gold discoveries in the western US for Evolving Gold Corp and making a significant gold discovery for Prosperity Goldfields at its Kiyuk project in Nunavut. Dr. Hennigh is the ideal candidate to manage the Company's exploration activities in conjunction with Dimitar Dimitrov, our Senior Vice President Exploration. His technical expertise and proven managerial abilities will be a great asset in developing the Company's three core properties and in identifying new prospects."
"I am looking forward to dedicating more of my time working with EurOmax's outstanding technical team to explore the three potentially world class projects already in EurOmax and exploring for new opportunities in the Balkans," states Dr. Hennigh. "This year will be exciting at the KMC property in Serbia where recently gathered geophysical data indicates the presence of multiple large-scale porphyry and skarn targets. At the Trun granite-hosted gold system in Bulgaria we plan to refocus exploration on the new gold zones discovered in 2011. At Ilovitza, we expect to see a sizeable increase in the resource from our recent drilling and will be evaluating the potential economics of this large Cu-Au porphyry."
Dr. Hennigh is an economic geologist with more than 20 years of exploration experience. Currently he is the President & Chief Executive Officer of Novo Resources Corp, a junior mineral exploration company. Dr. Hennigh is also a technical advisor and director of Gold Canyon Resources where he helped build a very successful exploration program at Gold Canyon's Springpole deposit in Ontario. He is also a director of NV Gold Corporation, a junior mining corporation.
From 2008 until 2011 he was President and Chief Geologist of Evolving Gold Corp and Chief Geologist of Prosperity Goldfields. Prior to entering the junior mining sector, he was an Exploration Geologist with Newmont Mining Corp., Newcrest Mining, and Homestake Mining, during which time he worked on projects in North America, Europe, Australia, Asia, and South America. Dr. Hennigh holds a Bachelor of Science from the University of Missouri and he earned a M.Sc. and a Ph.D in geology and geochemistry from the Colorado School of Mines in 1993 and 1996, respectively. He is a member of the Society of Economic Geologists, the Mining and Metallurgical Society of America and the Association of Professional Geoscientists of Ontario.
Updated Resource Estimates for Ilovitza and Trun
The Company has taken steps to retain qualified and independent consulting firms to conduct analyses and to update the existing resource estimates on the Ilovitza property in Macedonia and on the Trun property in Bulgaria. Based upon preliminary work completed by one of these firms, management expects a significant downward revision to the resource estimate at Trun. Both updated estimates will include results from recent exploration work and the Trun estimate is expected to utilize resource estimation methodologies that are more conservative than those used in the original estimate. Considerable additional work is required to complete the updated resource estimates for both properties. Management will announce the resource estimates when they are available.
Vancouver Resource Investment Conference- January 22/23
The Company invites shareholders and investors to visit members of management at booth #841 (1055 Canada Place) at the Vancouver Resource Investment Conference in Vancouver, British Columbia on January 22 and 23, 2012.
It's all happened before and it will all happen again. Might as well profit from it.
