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| | August 25, 2010
East Asia Minerals Corporation: Miwah Petrology and SEM Data Has Positive Implications for Miwah Metallurgy
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| | For Immediate Release, August 25, 2010 TSXV: EAS
VANCOUVER, B.C. -- Wednesday, August 25, 2010 -- East Asia Minerals Corporation (TSXV-EAS) announces that continuing petrographic and scanning electron microprobe studies are adding to the Company's earlier recognition of widespread fine grained free gold at Miwah. Native gold is now recognized within multiple environments throughout the Miwah deposit.
Significant quantities of fine free gold are noted in oxide, mixed oxide-sulphide, and sulphide samples. What is particularly encouraging is that it is noted that even in the base of the system where sulphides are noted, the gold is typically present as free gold. This indicates that even in the sulphide part of the Miwah system, gold is not refractory.
These conclusions, by studies completed at universities in Australia and Canada, are supported by initial metallurgical testing conducted by the previous operators of the project which showed that even material that was shown to be only 17% oxidized returned very acceptable cyanide leach recoveries.
In commenting on the petrological studies and historical metallurgy, Michael Hawkins, President and CEO of East Asia Minerals stated that "Whilst it was too early in the exploration process to conduct extensive metallurgical studies at Miwah, the Company decided it prudent to conduct investigations as to the character of the very significant amounts of gold mineralization it has intersected in all holes drilled to date. We are greatly encouraged by the fact that even in the deepest intercepts of mineralization the gold at Miwah seems to be predominantly present as fine grained free gold, though rarely discrete grains of gold tellurides are also noted. The amount of free gold observed in petrology and in scanning electron microprobe work is strongly indicative that the gold mineralization at Miwah will not be metallurgically complex", he said. "This data gives us considerable comfort that the initial preliminary metallurgical studies, which showed more than acceptable cyanide leach recovery of gold, were a fair indicator of what we might expect moving forward."
East Asia Minerals directs interested readers to its website (www.EAminerals.com) where it has additional details to the above discussion under the Indonesian section located at Projects/Indonesia/Miwah.
Further to the "East Asia Minerals Verifies Miwah Drill Results via Independent Qualified Third Party" news release of August 24, 2010, East Asia Minerals also directs interested readers to its Miwah website section where it has additional details including reference to Mining Associates Pty Limited and its Qualified Persons.
Lionel Martin, P.Geo., the designated QP within the meaning of NI 43-101, has reviewed and approves the content of this release.
About East Asia Minerals Corporation
East Asia Minerals (EAS-TSXV) is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia the Company has a 70 to 85% interest in six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. Two of these, the Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects, are being advanced to define NI43-101 compliant resources. The Company owns eight uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 75,580,872 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 British Columbia Securities Act, 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To receive or stop receiving EAS news via email, please email [email protected] and state your preference in the subject line.
FOR FURTHER INFORMATION, visit the Company's website at www.EAminerals.com, or contact:
Michael Hawkins, President and CEO Vancouver T: +1-604-684-2183 E: [email protected]
Nick Kohlmann, Corporate Communications Toronto T: +1-416-792-8734 E: [email protected] |
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