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| | June 05, 2008
East Asia Minerals Encounters 14.0 Metres of 9.41 g/t Gold in Miwah Trench Sampling, Indonesia
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| | VANCOUVER, B.C. - Thursday, June 5, 2008 - East Asia Minerals Corporation (TSXV-EAS) reports that recent trench sampling at its Miwah Project located in Aceh Province, North Sumatra, Indonesia has encountered significant gold mineralization, including 14.0 metres of 9.41 g/t gold. These results are from a virtually un-drilled breccia target located west of the principal area drill tested by a previous explorer in the 1990's.
Miwah Project
Diamond sawn channel sampling in trenches at the Miwah gold-copper Project has focused on an area measuring 200 metres x 150 metres located in the southwest corner of the property (view map at www.EAminerals.com). Here vuggy silica-alunite-sulphide altered volcanic rock has returned the following results from continuous chip channel sampling:
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Reference Length (metres) Gold (g/t) Silver (g/t)
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Trench 1 14.0 9.41 2.00
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Trench 2 38.7 0.90 8.63
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Trench 3 10.0 0.45 4.09
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Trench 4 20.0 0.85 3.22
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Trench 5 6.0 5.23 24.82
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Trench 6 6.0 6.62 23.28
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Trench 7 19.0 0.17 1.24
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Trench 8 10.0 3.35 7.23
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Trench 9 14.0 3.85 13.11
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Trench 10 20.0 0.30 0.32
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Trench 11 10.0 0.86 4.12
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Trench 12 10.0 0.65 4.45
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Trench 13 9.0 0.09 0.71
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Trench 14 8.0 0.56 3.50
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Trench 15 6.0 2.00 10.35
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Note: results for trenches 16 to 19 are outstanding. Copper content was generally <500ppm and accordingly is not regarded as significant for inclusion in the table above.
Higher grade intervals such as 14.0 metres at 9.41 g/t gold (Trench 1), 6.0 metres at 6.62 g/t gold (Trench 6) and 6.0 metres at 5.23 g/t gold (Trench 5) are related to north-northeast-trending structurally controlled breccia zones that remain essentially untested by drilling. These higher grade structures or feeder zones are enveloped by broad areas of lower grade gold mineralization up to 100 metres wide.
Miwah is located within the same arc as the Martabe high sulphidation gold deposit in North Sumatra (Resources: 6MOz of gold and 60MOz of silver; Average grade: 1.9 g/t gold and 24.9 g/t silver). The Miwah property also contains a large high sulphidation epithermal alteration and mineralization system measuring 800 metres by 1000 metres that is geologically similar to Martabe. It was partially defined by approximately 3000 metres of drilling in eleven holes by a previous explorer in the 1990s. All holes drilled during this program intersected significant alteration and mineralization with intercepts including 71 metres at 1.4 g/t gold and 58 metres at 1.1 g/t gold. Previous explorers suggested potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the historical data indicates that early drilling was clearly parallel to higher grade (greater than 5 g/t gold) structures at surface, and hence significantly higher overall grades are anticipated from better oriented drill holes.
Integration of recent encouraging trench results and historical work, combined with ongoing detailed surface mapping and sampling will form the basis for selecting optimum drill targets which are anticipated to be drill tested later in the year.
Samples reported were assayed at Intertech assay laboratories in Jakarta. David Royle, B.Sc. (Hons), FAusIMM, CP, 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 resource references and is not treating them as a NI 43-101 defined resources verified by a QP. Although the references of resources are relevant to recognizing the potential of the Miwah project, they should not be relied upon.
About East Asia Minerals Corporation
East Asia Minerals 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 drilled to define NI43-101 compliant resources. The Company owns ten uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. 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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