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| | April 13, 2006
East Asia Minerals Continues To Expand The EC1 Copper Oxide Deposit With Additional Drill Results
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| | VANCOUVER, B.C.-- April 13, 2006--East Asia Minerals Corporation (TSXV-EAS) today announced additional new results from EC1 definition drilling at its Khok Adar project in western Mongolia. Results from holes EC1-16 to 25 and EC1-29 to 30 continue to extend the limits of the EC1 high grade copper oxide mineralization. Mineralization remains open to the north and to the east. Highlights of the reported assays are detailed below and a drill location map is posted at www.eastasiaminerals.com
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Hole No. From (m) To (m) Interval Cu (%)* Ag (g/t) Zn (%)
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EC1-16 76.5 78.3 1.8 1.03 7.5
EC1-17 80.7 114 33.3 1.32
EC1-18 6.4 16.2 9.8 0.87 8.7
EC1-19 21.3 32.3 11.0 2.05 7.18
And 37.3 45 7.7 1.65 0.85
EC1-20 0.0 18.0 18.0 1.15 6.0
And 28.0 38.0 10.0 0.68 1.6
And 46.0 50.0 4.0 2.47 0.8
And 49.0 61.0 12.0 2.93
EC1-21 15.0 28.0 13.0 0.96 11.2
And 32.0 41.0 9.0 0.8 10.6
EC1-22 74.0 77.0 3.0 0.5 2.5
And 81.0 87.0 6.0 0.57 32.1
And 96.0 102.0 6.0 0.67 0
EC1-23 0.0 35.0 35.0 1.05 3.9
And 46.0 55.0 9.0 0.51 1.7
And 69.0 84.0 15.0 1.26
And 84.0 87.0 3.0 0.83 0.0
EC1-24 11.0 27.0 16.0 1.28 3.1
EC1-25 77.0 162.0 85.0 0.22
EC1-29 75.0 83.0 8.0 1.0 10.0
And 77.0 108.0 31.0 1.56
And 120.0 133.0 13.0 1.13
EC1-30 39.0 48.0 9.0 2.14 14.2
And 84.0 96.0 12.0 2.5 2.0
*composite sections apply 0.5% Cu cut-off, with the exception of EC1-25 with 0.2% Cu cut-off
These results indicate the potential for discovery of significant additional tonnages to the immediate north and east of the previously delineated mineralization. Holes EC1-29 to 32 (results from 31 and 32 are pending) were designed to follow up native copper mineralization observed in drilling located east of the fault which was originally thought to have truncated the EC1 mineralization. Intercepts from EC1-30 (9.0m of 2.14% Cu and 14.2g/t Ag) and EC1-29 (8.0m of 1.0% Cu and 10.0g/t Ag) confirm that significant mineralization extends across the fault. Results from holes EC1-18 (9.8m of 0.87% Cu and 8.7g/t Ag) and EC1-19 (11.0m of 2.05% Cu and 7.18g/t Ag) extend the known EC1 deposit to the north where the system also remains open. Additional drilling is currently underway on the east side of EC1 and is planned for the north side.
Significant zinc was also noted in several holes. EC1-17 contained 33.3m of 1.32% Zn from 80.7 to 114.0m, and EC1-29 contained 31.0m of 1.56% Zn from 77.0 to 108.0m plus 13.0m of 1.13% Zn from 120.0 to 133.0m. Highly anomalous zinc has also been identified at the East Zone 1 target located 2 km east of EC1 (see December 2, 2005 news release). These zinc values appear to be peripherally related to the high grade copper values, suggestive of broad scale metal zonation commonly associated with large mineralizing systems.
After an initial review of the data, a consulting geochemist confirms that these results have the hallmarks of mineralized fluids migrating from a much larger primary mineralized system and depositing copper and zinc at outlying sites such as EC1 and EC2.
"East Asia is encouraged that drilling at Khok Adar continues to increase the known size of the EC1 high grade copper oxide deposit" remarked Mike Hawkins, East Asia's Vice President of Exploration. "It is also exciting that as more information is added to the database, vectors to a potentially large primary source for the exotic mineralization are becoming more apparent."
EAS also reports that drilling at its Deren epithermal gold prospect continues to intersect multiple breccia veins with classic epithermal textures. Assays from this drilling are pending.
Samples reported were assayed at Alex Stewart Laboratories in Kyrgyzstan, and SGS Mongolia LLC in Ulaanbaatar, Mongolia. Check samples are assayed at McPhar Labs in Manila, Philippines. East Asia Minerals conducts a rigorous and continuous QA/QC program, which is detailed at www.EastAsiaMinerals.com. Mike Hawkins, M.Sc., MAusIMM, 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 is an Asian-based Canadian mineral exploration company with projects in Mongolia and on-going acquisition targets in the Philippines, China, Mongolia and PNG. The Company has met the earn-in requirements to acquire a 75% interest in the Khok Adar copper oxide discovery by completing USD 1 million of exploration. It also has options to acquire 100% of four uranium properties and the Deren low sulphidation epithermal gold projects, all located in central Mongolia. East Asia currently has 42,764,206 shares outstanding. The Company's shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".
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FOR FURTHER INFORMATION, visit the Company's website at www.EastAsiaMinerals.com, or contact:
East Asia Minerals Corp.
Lyndon Bradish, President and CEO
Tel: +852 2719-1551 (Hong Kong)
Mobile +852 6103-9094
www.eastasiaminerals.com
E-mail: [email protected]
Fax: +852 2719-1664
CHF Investor Relations
Nick Kohlmann, M.Sc., Vice President
Tel: +1-416-868-1079 x222
Fax: +1-416-868-6198
Email: [email protected]
www.chfir.com
Should you wish to receive Company news via email, please email [email protected] and specify "EAS News" in the subject line.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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