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| | April 02, 2008
GOLD POTENTIAL FIRMING UP AT EAST ASIA MINERALS' ABONG PROSPECT
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| | For Immediate release, April 2, 2008 TSXV: EAS
VANCOUVER, B.C. -- Wednesday, April 2, 2008 -- East Asia Minerals Corporation (TSXV-EAS) is pleased to report that its quick-paced drill campaign at the shallow dipping, near-surface Abong Jasperoid Prospect, Aceh Province, Indonesia, continues to produce gold-bearing intercepts in advance of a planned year-end resource estimate. Assays have been received for diamond drill holes ABD-11 to ABD-25. This sequence of holes is highlighted by ABD-16 with 1.67 g/t gold over 9.0 metres, ABD-19 with 1.44 g/t gold over 14.0 metres, ABD-23 with 4.14 g/t gold over 11.0 metres, and ABD-25 with 3.08 g/t gold over 12.0 metres. The drill rig continues to make good progress with the campaign.
Resource stage exploration drilling remains focused along the 3 x 1.5 kilometre Abong Corridor, where epithermal gold mineralization is controlled by late-stage open space infilling within an extensive outcropping / sub-cropping jasperoid "blanket". The mineralized jasperoid has been outlined for greater than 1,500 metres strike and up to 750 metres width, and is typically 10 to 15 metres thick. It remains open along the northwest-southeast strike direction, and across strike in the southwest-northeast direction (view map at www.EAminerals.com). The Bintang and Fikri Prospects also remain priority targets where high-grade gold occurs laterally along basal surge tuff horizons within the gold-bearing jasperiod "blanket" and in breccia feeder zones that extend to depth (December 11, 2007 and January 14, 2008 news releases). These feeder zones will be drill tested for high-grade bonanza gold zones that are typical of epithermal gold environments.
Abong drill assays to date;
Drill Hole From (m) To (m) Interval (m) Gold (g/t)
ABD-1 21.0 31.0 10.0 2.81
ABD-2 63.0 73.0 10.0 1.78
ABD-3 14.0 23.0 9.0 4.84
ABD-4 1.0 8.0 7.0 0.23
ABD-5 1.0 9.0 8.0 2.32
ABD-6 21.0 38.0 17.0 1.02
Including 22.0 32.0 10.0 1.42
ABD-7 0.0 12.0 12.0 2.24
ABD-8 3.0 14.0 11.0 1.77
Including 3.0 12.0 9.0 2.10
ABD-9 0.0 24.0 24.0 1.00
Including 0.0 12.0 12.0 1.56
ABD-10 0.0 12.0 12.0 1.72
And 19.0 32.0 13.0 1.17
ABD-11 2.0 12.0 10.0 0.29
ABD-12** -- -- partial results none significant
ABD-13 6.0 16.0 10.0 1.07
ABD-14** -- -- partial results none significant
ABD-15 11.0 22.0 11.0 0.85
Including 12.0 17.0 5.0 1.32
ABD-16 27.0 36.0 9.0 1.67
Including 27.0 34.0 7.0 2.10
ABD-17 1.0 34.0 33.0 0.32
ABD-18 1.0 17.0 16.0 1.03
Including 2.0 12.0 10.0 1.54
ABD-19 1.0 15.0 14.0 1.44
Including 1.0 7.0 6.0 2.94
ABD-20 50.0 57.0 7.0 0.44
ABD-21** -- -- partial results none significant
ABD-22 22.0 33.6 11.6 0.71
Including 25.0 32.0 7.0 1.03
ABD-23 20.0 37.0 17.0 2.80
Including 21.0 32.0 11.0 4.14
ABD-24 35.0 44.0 9.0 1.08
And 48.0 50.0 2.0 1.19
ABD-25 54.0 66.0 12.0 3.08
Including 56.0 60.0 4.0 7.97
* Partial results received -- sampling/analysis in progress.
Samples reported were assayed at Intertek Laboratories in Jakarta. Lionel Martin, P.Geo, the designated QP within the meaning of 43-101 has reviewed and approves the content of this release.
About East Asia Minerals Corporation
East Asia Minerals is an Asian-based, Canadian mineral exploration company with uranium, gold and copper exploration properties in Mongolia and Indonesia. The Company owns the Ingiin-Nars, Ulaan Nuur and Enger uranium properties and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. In Indonesia, it has a 70 to 85% interest in five advanced gold and gold-copper properties located in Aceh Province in Sumatra and North Sulawesi. East Asia currently has 55,645,372 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".
Forward Looking Statements - This News Release contains forward looking information within the meaning of the Ontario Securities Act and the Alberta Securities Act, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with our expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of new or updated feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations (including uranium, fuel, steel and construction items), currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The words anticipate, believe, estimate and expect and similar expressions, as they relate to us or our management, are intended to identify forward looking statements relating to the business and affairs of the Company. Except as required under applicable securities legislation, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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FOR FURTHER INFORMATION, visit the Company's website at www.EAminerals.com, or contact:
Michael Hawkins, President and CEO
Vancouver
T: +1-778-997-2183
E: [email protected]
or
Nick Kohlmann, Corporate Communications
Toronto
T: +1-416-792-8734
E: [email protected] |
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