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| | March 19, 2008
East Asia Minerals Expands Abong Jasperoid Prospect in Excess of 1.5 Kms Strike With Consistent Near-Surface Gold Intercepts
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| | VANCOUVER, B.C. -- Wednesday, March 19, 2008 -- East Asia Minerals Corporation (TSXV-EAS) is pleased to report that drilling on the outcropping, sub-horizontal Abong Jasperoid Prospect within the Barisan Property, Aceh Province, Indonesia, continues to intersect consistent near surface epithermal gold mineralization. Drill holes ABD-08 to ABD-10 respectively intersected 1.77 g/t gold over 11.0 metres, 1.56 g/t gold over 12.0 metres, and 1.72 g/t gold over 12.0 metres.
East Asia Minerals' drilling and mapping have consistently provided significant gold results along an extensive shallow dipping, near-surface jasperoid "blanket" greater than 1,500 metres in a northwest direction, up to 750 metres wide, and typically 10 to 15 metres thick. The jasperoid surface area remains open in all directions and drilling confirms the historically defined mineralization (view map at www.EAminerals.com). Sampling and analysis for drill holes ABD-11 to 24 are in progress, and results will be disclosed as received. Drill hole ABD-25 has commenced.
In addition, at the northwest and southeast areas (Bintang and Fikri) of the Abong Jasperoid Prospect, East Asia has mapped/sampled high-grade gold laterally along basal surge tuff horizons positioned within the gold bearing jasperiod "blanket" and into breccia feeder zones that extend to depth. These include trench results of 12.11 g/t gold over 8.0 metres at the Bintang Prospect, and 11.28 g/t gold over 11.0 metres at the Fikri Prospect (December 11, 2007 and January 14, 2008 news releases). When drilling in these areas, the Company intends to extend the holes past the gold-bearing jasperoid "blanket" to test for high-grade bonanza gold zones that are typical of epithermal gold environments.
Abong drill assays to date
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Drill Hole From (m) To (m) Interval (m) Gold (g/t)
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ABD-1 21.0 31.0 10.0 2.81
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ABD-2 63.0 73.0 10.0 1.78
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ABD-3 14.0 23.0 9.0 4.84
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ABD-4 1.0 8.0 7.0 0.23
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ABD-5 1.0 9.0 8.0 2.32
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ABD-6 21.0 38.0 17.0 1.02
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Including 22.0 32.0 10.0 1.42
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ABD-7 0.0 12.0 12.0 2.24
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ABD-8 3.0 14.0 11.0 1.77
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Including 3.0 12.0 9.0 2.10
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ABD-9 0.0 24.0 24.0 1.00
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Including 0.0 12.0 12.0 1.56
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ABD-10 0.0 12.0 12.0 1.72
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And 19.0 32.0 13.0 1.17
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The Abong program is diamond drilling holes at 150 to 200 metre centres to more completely delineate the historically outlined stratabound epithermal gold mineralization, and to expand on that base. Reverse circulation drilling will follow to tighten the drill spacing and cut costs. A speculative non-NI43-101 compliant resource of 40 to 60 million tonnes grading 1.0 to 1.5 g/t gold, for a total of approximately 1.5 million ounces of gold, was estimated by two major mining companies which drilled 28 holes, 20 to 120 metres deep, on the Abong Jasperoid Prospect in the mid 1990's (October 30, 2007 news release). East Asia Minerals is encouraged that the Jasperoid intercepts of stratabound mineralization it is encountering are substantially higher grade than the historic reported average.
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. East Asia has not verified the classification of the historic resource reference and is not treating it as a NI 43-101 defined resource verified by a QP. Although the historical reference of resource potential is relevant to recognizing the potential of the Abong projects, it should not be relied upon.
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.
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: +1-778-997-2183
E: [email protected]
or
Nick Kohlmann, Corporate Communications
Toronto
T: +1-416-792-8734
E: [email protected] |
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