Euromax Resources Ltd. announced the results from drilling at the Medenovac target at KMC located in the north of the licence area. The KMC project is located in southwest Serbia, some 200 kilometres from the capital Belgrade. The licence covers around 60 square kilometres and KMC's mineralisation includes thick sequences of gold-copper skarns, gold skarns, zinc-lead-copper-gold skarns and volcanic hosted gold mineralised silica breccias.

They have confirmed the presence of a base metal mineralisation traced over more than 400 meters vertical extend and at least 300 meters strike. Well defined metal zonation is recorded and the narrow volcanic hosted subsurface lead-silver dominated mineralisation becomes wider skarn hosted zinc-gold-copper mineralisation at depth. The mineralisation is open and further step out drilling will define the zone down dip and along strike.