EurOmax Adds Mining Expertise to Board of Directors
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/11/11 -- EurOmax Resources Limited (TSX VENTURE: EOX) (PINK SHEETS: EOXFF) ('EurOmax' or 'the Company') is pleased to announce that Mr. William P. Armstrong, has been appointed to the Company's board of directors. Mr. Armstrong joined the Company's technical advisory board on April 21, 2011. He has visited and reviewed the Company's properties as well as provided his technical expertise on these properties.
Mr. Armstrong is a geological engineer with Bachelors and Masters of Applied Science degrees from the University of British Columbia and over 40 years of experience in the exploration and evaluation of base and precious metals projects worldwide. He retired from Teck Cominco Ltd. in 2006 after 41years, where he held the position of General Manager, Resource Evaluation for the last 10 years. In that role he managed a team that was responsible for all mineral reserves and resources at company properties for Teck Cominco and Cominco Ltd. He also headed a team of professionals responsible for evaluating and performing due diligence on potential acquisitions and divestitures.
Throughout his career, he was actively involved in the feasibility studies, construction and operation of many Cominco mines and joint ventures, notably Highland Valley Copper and the Polaris lead - zinc operations in the Canadian high Arctic and the Quebrada Blanca heap leach copper mine in Chile. He was also actively involved in feasibility and optimization projects at numerous other Cominco and Teck operations, including Pine Point (Canada), Red Dog (Alaska), Glenbrook Nickel (Oregon) and Antamina (Peru) and was a member of many joint venture management committees. Mr. Armstrong is currently a director of Taseko Mines Ltd.
John Nugent, Executive Chairman, states 'Bill Armstrong brings to the EurOmax board a wealth of relevant industry experience necessary to assist the Company in maximizing the potential of its properties during exploration, and potentially through development to production. We welcome Bill to the board of directors and look forward to his contributions to our Company.'
Mr. Armstrong's appointment is subject to the approval of the TSX Venture Exchange.
About EurOmax Resources Ltd.
EurOmax is a Canadian company with three core properties in Bulgaria, Serbia and Macedonia. 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 Bulgaria, Serbia and Macedonia.
This news release contains forward-looking statements including but not limited to statements regarding the development of the Company's properties. 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 results of exploration of the Company's properties may result in development of those properties. 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 may include, among others, that actual results of exploration activities will be different than anticipated. 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 policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
EurOmax Resources Ltd.
Mark Gustafson
President & CEO
(604) 454-8677
markg@euromaxresources.com
www.euromaxresources.com
San Diego Torrey Hills Capital
(858) 456-7300
www.torreyhillscapital.com