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News: Bulgaria >> South-West region >> Pernik district >> Breznik municipality >> Town of Breznik>> Canadian company started drilling for gold near towns of Breznik and Trun

News and Articles related to Town of Breznik
Current date: 2010-02-09 05:53

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Information about Town of Breznik

Canadian company started drilling for gold near towns of Breznik and Trun

Business: Thursday, 2009-10-22 11:10
Article by: Darik Radio

Canadian company Euromax Resources Ltd. has started drilling for gold near the Bulgarian towns of Breznik and Trun. Euromax reported that it is now evaluating the potential of both deposits "for exploitation of the higher grade material with a low impact underground mining operation."

The company suggested that there were over 1 million tons of gold in the Bresnik reserve. In March 2009 Australian mining company International Resource Holdings (IRH) agreed to sell its stakes in its two Bulgarian projects to Martern, a unit of Canadian mineral exploration firm Euromax Resources.

Euromax thus became the new owner of IRH`s units in Bulgaria after agreeing to buy them at a price of USD 112 000.

Scope: Town of Breznik; Town of Trun;

Last news and articles from Town of Breznik

2010-01-19 17:45 32 hospitals cannot conclude contracts with National Healthcare Insurance Fund

2009-10-22 11:10 Canadian company started drilling for gold near towns of Breznik and Trun

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